Acceleration of Principal. If an Event of Default with respect to 2008 Notes shall occur and be continuing, the principal of the 2008 Notes may be declared due and payable in the manner and with the effect provided in the Indenture.
Acceleration of Principal. An Event of Default shall be deemed ------------------------- to be continuing unless expressly waived by the Majority Investors in writing. Upon the occurrence of one or more Events of Default hereunder, the Purchaser's several obligations to make further Note Purchases shall automatically terminate without further action by any Person. Upon the occurrence of one or more Events of Default other than those referred to in Section 9(g) or 9(h), the Agent may and, upon instructions from the Majority Investors, shall, immediately declare the principal amount of the Notes then outstanding to be immediately due and payable, together with all interest thereon and fees and expenses accruing under this Note Purchase Agreement (including any Facility Fee, whether or not yet due and payable). Upon the occurrence of an Event of Default referred to in Sections 9(g) or 9(h), such amounts shall immediately and automatically become due and payable without any further action by any Person. Upon such declaration or such automatic acceleration, the balance then outstanding on each Note shall become immediately due and payable, without presentment, demand, protest or other formalities of any kind, all of which are hereby expressly waived by the Note Issuer.
Acceleration of Principal. If any monthly installment or a required payment under this Note is not paid when due and remains unpaid for a period of three (3) full months, after application of any partial payments which may have been accepted but not yet applied to the Borrower’s account, the entire principal amount outstanding, and any other amounts described in this Note shall at once become due and payable at the option of the Lender. The Lender may exercise this option to accelerate during any default by Borrower regardless of any prior forbearance. If suit is brought to collect this Note, the Lender shall be entitled to collect all reasonable costs and expenses of suit, including, but not limited to, reasonable attorneys' fees.
