Common use of Acceleration of Note Clause in Contracts

Acceleration of Note. The Bank may, at the Bank’s option, declare the Notes and all other Obligations to be immediately due and payable and the Bank will be entitled to proceed to selectively and successively enforce the Bank’s rights under the Loan Documents or any one or more of them.

Appears in 3 contracts

Samples: Loan Agreement (Graymark Healthcare, Inc.), Loan Agreement (Graymark Healthcare, Inc.), Loan Agreement (Graymark Healthcare, Inc.)

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Acceleration of Note. The Bank may, at the Bank’s 's option, declare the Notes Note and all other Obligations to be immediately due and payable payable, and the Bank will be entitled to proceed to selectively and successively enforce the Bank’s 's rights under the Loan Documents or any one or more of them.

Appears in 1 contract

Samples: Loan Agreement (Seven Seas Petroleum Inc)

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