Common use of Acceleration of Debt Clause in Contracts

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.

Appears in 2 contracts

Samples: Funding Agreement (Second Cma Inc), Funding Agreement (Upgrade International Corp /Fl/)

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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 Loan Agreement.

Appears in 1 contract

Samples: Loan Agreement (Upgrade International Corp /Fl/)

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Acceleration of Debt. It is expressly agreed that the full amount ---------------------- of -------------------- both principal and interest due pursuant to this the 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 this Loan Agreement.

Appears in 1 contract

Samples: Loan Agreement (Upgrade International Corp /Fl/)

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