Common use of Acceleration of Debt Clause in Contracts

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.

Appears in 1 contract

Samples: Loan Agreement (Cedar Shopping Centers Inc)

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Acceleration of Debt. If there is an Event of Default, Default or if an event occurs which pursuant to which entitles Agent is entitled to exercise its lights rights 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.

Appears in 1 contract

Samples: Open End Leasehold Mortgage and Security Agreement (First Union Real Estate Equity & Mortgage Investments)

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 rights 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.

Appears in 1 contract

Samples: Loan Agreement (Cedar Realty Trust, Inc.)

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Acceleration of Debt. If there is an Event of Default, Default or if an event occurs which pursuant to which entitles Administrative Agent is entitled to exercise its lights rights and remedies under the Guaranty, then, at the option of Administrative Agent, the entire indebtedness hereby secured shall become immediately due and payable without further notice.

Appears in 1 contract

Samples: Mortgage and Security Agreement (Newkirk Realty Trust, Inc.)

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