Common use of Acceleration of Indebtedness Clause in Contracts

Acceleration of Indebtedness. Upon the occurrence of an Event of Default, all of the Indebtedness may, at the option of Lender and without demand, notice or legal process of any kind, be declared, and immediately shall become, due and payable.

Acceleration of Indebtedness. Upon the occurrence of an Event of Default, all of and at any time thereafter, Lender may at its option declare the Note and any other Indebtedness mayowing to the Lender to be immediately due and payable in full without presentation, at the option of Lender and without demand, protest, notice of dishonor or legal process other notice of any kind, be declared, and immediately shall become, due and payableall of which are expressly waived.