Common use of Acceleration of Note Clause in Contracts

Acceleration of Note. Declare all Notes and all sums due to the Lender pursuant to the Loan Documents to be immediately due and payable, whereupon the same will become forthwith due and payable and the Lender will be entitled to proceed to selectively and successively enforce the Lender’s rights under the Loan Documents or any other instruments delivered to the Lender in connection with the Loan Documents.

Acceleration of Note. Declare all Notes the Note and all sums due to the Lender -------------------- outstanding pursuant to the Loan Documents to be immediately due and payable, whereupon the same will become be forthwith due and payable payable, and the Lender Bank will be entitled to proceed to selectively and successively enforce the Lender’s Bank's rights under the Loan Documents or any other instruments instrument delivered to the Lender Bank in connection with the Loan Documentsthis Agreement.