Common use of Acceleration of Indebtedness Clause in Contracts

Acceleration of Indebtedness. Upon the occurrence of any of the Events of Default described in Section 8.1.3 hereunder which is not cured by the Borrower or waived by the Bank within thirty (30) days after the earlier of the date of notice to the Borrower by the Bank of such Default or the date the Bank is notified, or should have been notified, pursuant to the Borrower's obligation under Section 6.1.7 of this Agreement, of such Default, or upon the occurrence of any of the Events of Default described in Section 8.1.1, Section 8.1.2 or Sections 8.1.4, 8.1.5, 8.1.7 through 8.1.10, all Indebtedness shall be due and payable in full forthwith at the option of the Bank without presentation, demand, protest, notice of intent to accelerate, notice of acceleration, notice of dishonor, or other notice of any kind, all of which are hereby expressly waived. Upon the occurrence of any Event of Default described in Section 8.1.6, all commitments and other lending obligations, if any, of the Bank hereunder shall immediately terminate, and the entire principal amount of all Indebtedness then outstanding together with interest then accrued thereon shall become immediately due and payable, all without written notice and without presentment, demand, protest, notice of protest, notice of intent to accelerate, notice of acceleration, or dishonor or any other notice of default of any kind, all of which are hereby expressly waived by the Borrower. Unless all of the Indebtedness is then fully paid, the Bank shall have and may exercise any one or more of the rights and remedies for which provision is made for a secured party under the UCC, under the Security Agreement or under any other document contemplated hereby, including, without limitation, the right to take possession and sell, lease or otherwise dispose of any or all of the Collateral and to set-off against the Indebtedness any amount owing by the Bank to the Borrower. The Borrower agrees, upon request of the Bank, to assemble the Collateral and make it available to the Bank at any place designated by the Bank which is reasonably convenient to the Bank and the Borrower.

Acceleration of Indebtedness. Upon the occurrence of any of the Events of Default described in Section 8.1.3 hereunder which is not cured by the Borrower or waived by the Bank within thirty (30) days after the earlier of the date of notice to the Borrower by the Bank of such Default or the date the Bank is notified, or should have been notified, pursuant to the Borrower's obligation under Section 6.1.7 6.1.5 of this Agreement, of such Default, or upon the occurrence of any of the Events of Default described in Section 8.1.18.1.1 (unless otherwise waived by the Bank in writing or unless cured within a time period acceptable to the Bank), Section 8.1.2 or Sections 8.1.4, 8.1.5, 8.1.7 8.1.4 through 8.1.10Section 8.1.9, all Indebtedness shall be due and payable in full forthwith at the option of the Bank without presentation, demand, protest, notice of intent to accelerate, notice of acceleration, notice of dishonor, dishonor or other notice of any kind, all of which are hereby expressly waived. Upon the occurrence of any Event of Default described in Section 8.1.6, all commitments and other lending obligations, if any, of the Bank hereunder shall immediately terminate, and the entire principal amount of all Indebtedness then outstanding together with interest then accrued thereon shall become immediately due and payable, all without written notice and without presentment, demand, protest, notice of protest, notice of intent to accelerate, notice of acceleration, or dishonor or any other notice of default of any kind, all of which are hereby expressly waived by the Borrower. Unless all of the Indebtedness is then fully paid, the Bank shall have and may exercise any one or more of the rights and remedies for which provision is made for a secured party under the UCC, under the Security Agreement any security agreements, or under any other document contemplated hereby, including, without limitation, the right to take possession and sell, lease or otherwise dispose of any or all of the Collateral and to set-off setoff against the Indebtedness any amount owing by the Bank to the Borrower. The Borrower agrees, upon request of the Bank, to assemble the Collateral and make it available to the Bank at any place designated by the Bank which is reasonably convenient to the Bank and the Borrower.

Acceleration of Indebtedness. Upon the occurrence of any of the Events of Default described in Section 8.1.3 hereunder which is not cured by the Borrower or waived by the Bank within thirty (30) 30 days after the earlier of the date of notice to the Borrower by the Bank of such Default or the date the Bank is notified, or should have been notified, pursuant to the Borrower's obligation under Section 6.1.7 6.1.5 of this Agreement, of such Default, or upon the occurrence of any of the Events of Default described in Section 8.1.1, Section 8.1.2 or Sections 8.1.4, 8.1.5, 8.1.7 8.1.4 through 8.1.10, all Indebtedness shall be due and payable in full forthwith at the option of the Bank without presentation, demand, protest, notice of intent to accelerate, notice of acceleration, notice of dishonor, dishonor or other notice of any kind, all of which are hereby expressly waived. Upon the occurrence of any Event of Default described in Section 8.1.6, all commitments and other lending obligations, if any, of the Bank hereunder shall immediately terminate, and the entire principal amount of all Indebtedness then outstanding together with interest then accrued thereon shall become immediately due and payable, all without written notice and without presentment, demand, protest, notice of protest, notice of intent to accelerate, notice of acceleration, or dishonor or any other notice of default of any kind, all of which are hereby expressly waived by the Borrower. Unless all of the Indebtedness is then fully paid, the Bank shall have and may exercise any one or more of the rights and remedies for which provision is made for a secured party under the UCC, under the Security Agreement Agreements, the Mortgages or under any or other document contemplated hereby, including, without limitation, the right to take possession and sell, lease or otherwise dispose of any or all of the Collateral and to set-off setoff against the Indebtedness any amount owing by the Bank to the Borrower. The Borrower agrees, upon request of the Bank, to assemble the Collateral and make it available to the Bank at any place designated by the Bank which is reasonably convenient to the Bank and the Borrower.