Common use of Acceleration of Due Date Clause in Contracts

Acceleration of Due Date. The entire unpaid principal balance of this Note, together with all accrued and unpaid interest thereon, shall, at the election of the Lender, become immediately due and payable upon the occurrence of any of the following, irrespective of the payment date set forth in Paragraph 1 of this Note:

Appears in 2 contracts

Samples: Ocz Technology Group Inc, Ocz Technology Group Inc

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Acceleration of Due Date. The entire unpaid principal balance of this Note, together with all accrued and unpaid interest thereon, shall, at the election of the Lender, become immediately due and payable upon the occurrence of any of the following, irrespective of the payment date set forth in Paragraph Section 1 of this Note:

Appears in 1 contract

Samples: Ocz Technology Group Inc

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Acceleration of Due Date. The entire unpaid principal balance of this Note, together with all Note and accrued and unpaid interest thereon, shall, at the election of the Lender, become immediately due and payable upon the occurrence of any of the following, irrespective of the payment date set forth Due Date as otherwise defined in Paragraph 1 of this Note:

Appears in 1 contract

Samples: Employment Agreement (Bay Networks Inc)

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