Acceleration of Loan. On the service of a notice under Clause 20.2(a)(iii) or upon an Event of Default under either of Clauses 20.1(h) or (i), all or, as the case may be, the part of the Loan specified in the notice (if any), together with accrued interest and all other amounts accrued or owing from the Borrower or any other Security Party under this Agreement and every other Finance Document shall become immediately due and payable or, as the case may be, payable on demand.
Appears in 2 contracts
Samples: Loan Agreement (Dorian LPG Ltd.), Loan Agreement (Dorian LPG Ltd.)
Acceleration of Loan. On the service of a notice under Clause 20.2(a)(iii19.2(a)(ii) or upon (Actions following an Event of Default under either of Clauses 20.1(h) or (iDefault), all or, as the case may be, the part of the Loan specified in the notice (if any), together with accrued interest and all other amounts accrued or owing from the Borrower or any other Security Party under this Agreement and every other Finance Document shall become immediately due and payable or, as the case may be, payable on demand.
Appears in 2 contracts
Samples: Loan Agreement (EuroDry Ltd.), Loan Agreement (Navios Maritime Acquisition Corp)
Acceleration of Loan. On the service of a notice under Clause 20.2(a)(iii20.2(a)(ii) or or, upon an Event of Default under either of Clauses 20.1(h) or (i), all or, as the case may be, the part of the Loan specified in the notice (if any), together with accrued interest and all other amounts accrued or owing from the Borrower or any other Security Party under this Agreement and every other Finance Document shall become immediately due and payable or, as the case may be, payable on demand.
Appears in 2 contracts
Samples: Loan Agreement (Scorpio Tankers Inc.), Loan Agreement (Scorpio Tankers Inc.)
Acceleration of Loan. On the service of a notice under Clause 20.2(a)(iii19.2(a)(ii) or upon (Actions following an Event of Default under either of Clauses 20.1(h) or (iDefault), all or, as the case may be, the part of the Loan specified in the notice (if any), together with accrued interest and all other amounts accrued or owing from the Borrower Borrowers or any other Security Party under this Agreement and every other Finance Document shall become immediately due and payable or, as the case may be, payable on demand.
Appears in 1 contract