Acceleration of Debt. If any payment obligation under this Note is not paid when due, the remaining unpaid principal balance and any accrued interest shall become due immediately at the option of the Lender.
Acceleration of Debt. If the Borrower fails to make any payment due under the terms of this Note or seeks relief under the U.S. Bankruptcy Code, or suffers an involuntary petition in bankruptcy or receivership that is not vacated within thirty (30) days, the entire balance of this Note and any interest accrued thereon shall be immediately due and payable to the holder of this Note.
Acceleration of Debt. It is expressly agreed that the full amount of -------------------- both principal and interest due pursuant to this Note shall become due and payable at the option of the Note Holder on the happening of any Event of Default under the terms of the Funding Agreement.
Acceleration of Debt. Upon the occurrence of any condition listed in Section 16 hereof, subject to cure pursuant to Section 18 hereof, and subject to the provisions of Section 19 hereof, all obligations and sums owing by Debtors to Lender (whether or not evidenced by the Note) shall become immediately due and payable, any note or other agreement to the contrary notwithstanding, and Lender shall have all the rights and remedies given a secured party by the Uniform Commercial Code. To the fullest extent permissible, Debtors hereby waive and disclaim all rights given to a Debtors, including the right to enforce any and all duties imposed upon a secured party by the Uniform Commercial Code. If the sum realized from any disposition of the Collateral is not sufficient to pay all obligations secured by this Agreement, Debtors promise and agree to pay Lender the deficiency. Upon Debtors' default, Lender shall not be obligated to resort to any security held by it hereunder or otherwise, but may enforce all obligations owed by Debtors to it by any lawful means, in the same manner and to the same extent as if no such security were held by Lender. Debtors expressly agree that Lender may apply against any proceeds of any disposition of the Collateral upon Debtors' default all their attorneys' fees and legal expenses incurred by it in the securing of payment therefrom.
Acceleration of Debt. If there is an Event of Default, or if an event occurs which pursuant to which Agent is entitled to exercise its lights and remedies under the Guaranty, then, at the option of Agent, the entire indebtedness hereby secured shall become immediately due and payable without further notice.
Acceleration of Debt. Borrower also shall be in default if Borrower, during the loan application process, gives materially false or inaccurate information or statements to UFMC including, but not limited to, representations concerning Borrower's occupancy of the property as a principal residence.
Acceleration of Debt. If there is an Event of Default under the Note or the Loan Agreement or if an event occurs which pursuant to the Note or the Loan Agreement entitles Lender to accelerate the Loan, then, at the option of Lender, the entire indebtedness hereby secured shall become immediately due and payable without further notice.
Acceleration of Debt. If an Event of Default as described in subsection (b), (c) or (d) of Section 9 above shall occur, then without notice or any other action of Lender, and, if any other Event of Default shall occur, then at Lender's option, the entire unpaid balance of the Debt shall become immediately due and payable upon not less than 10 days' prior written notice from Lender to Borrower.
Acceleration of Debt. If The Borrower fails to cure the Default or to reach an agreement on alternative repayment terms with The Lender within the specified period after receiving the notice of Default, the entire amount of the debt, including all fees, interests, and any other amounts owed to the The Lender under this Agreement, shall become immediately due and payable. The Borrower shall have the right to take all necessary legal actions to recover the full amount.
Acceleration of Debt. If the Sublicensee fails to cure the Default or to reach an agreement on alternative repayment terms with the Sublicensor within the specified period after receiving the notice of Default, the entire amount of the debt, including all unpaid royalties, fees, interests, and any other amounts owed to the Sublicensor under this Agreement, shall become immediately due and payable. The Sublicensor shall have the right to take all necessary legal actions to recover the full amount.
