Acceleration of the Liabilities. Upon and after an Event of Default hereunder or upon the declaration by Buyer of an 'Event of Default' under the Factoring Agreement or under any Related Documents, then and in either such event or any portion of Guarantor's obligations under this Guaranty may, at the option of Buyer and without demand, notice, or legal process of any kind, be declared, and immediately shall become, due and payable; without implying any obligation to purchase receivables under the Factoring Agreement, Buyer may, at its sole option cease purchasing receivables; and Buyer may declare that an Event of Default exists under the Factoring Agreement and under any other Related Document and may exercise all of its rights and remedies thereunder and under applicable law.
Acceleration of the Liabilities. Upon and after the occurrence of a Default, all of the Liabilities may, at the option of Lender and without demand, notice, or legal process of any kind, be declared, and immediately shall become, due and payable.
Acceleration of the Liabilities. Upon the occurrence of an Event of Default, (i) all outstanding Liabilities (including, without limitation, all fees) may, at the option of Lender and without demand, notice or legal process of any kind, be declared, and immediately shall become, due and payable, and (ii) Lender shall be entitled to exercise the rights and remedies available to the Lender under the provisions of this Loan and the other Loan Documents, withhold further advances, and all other rights and remedies available to the Lender under applicable law, including but not limited to the UCC or the Uniform Commercial Code as in effect in the jurisdictions where the Collateral is located. All such rights and remedies being cumulative and enforceable alternatively, successively or concurrently.
Acceleration of the Liabilities. If (a) any Event of Default described in Section 6.1(I) shall occur, all Term Notes shall become immediately due and payable, without presentment, demand, protest or notice of any kind, or any action by any of the Lenders; and (b) any other Event of Default shall occur (other than an Event of Default described in Section 6.1(I)), each Lender may declare such Lender's Term Note to be immediately due and payable, whereupon such Lender's Term Note shall become immediately due and payable, without presentment, demand, protest or notice of any kind. Each Lender shall promptly advise Borrowers and the other Lenders of any such declaration, but failure to do so shall not impair the effect of such declaration.
Acceleration of the Liabilities. Upon and after the occurrence and during the continuance of an Event of Default, all of the Liabilities may, at the option of Lender and without demand, notice, or legal process of any kind, be declared, and immediately shall become, due and payable.
Acceleration of the Liabilities. Upon and after the occurrence of a Default, all of the monies due any payable under the Loan may, at the option of Lender and without demand, notice, of legal process of any kind, (including without limitation notice of acceleration, notice of intent to acceleration, notice of intent to accelerate or notice of intent to demand), be declared, and immediately shall become due and payable; provided; however, that upon the occurrence of a Default under Sections 7.1 hereof, all of the monies due any payable under the Loan shall automatically and immediately become due and payable without demand, notice or legal process of any kind.
Acceleration of the Liabilities. Upon and after the occurrence and during the continuance of an Event of Default, all of the Liabilities may, at the option of Lender and without demand, notice, or legal process of any kind, be declared, and immediately shall become, due and payable; provided, however, upon the occurrence of an Event of Default described in Sections 6.1.8, 6.1.9 or 6.1.10 hereof, all of the Liabilities shall immediately and automatically, without presentment, demand, protest or notice of any kind (all of which are hereby expressly waived), be immediately due and payable.
Acceleration of the Liabilities. Upon and after the occurrence of a Default, all of the Liabilities may at any time prior to the cure thereof, at the option of Lender and without demand, notice, or legal process of any kind, be declared, and immediately shall thereupon become, due and payable.
Acceleration of the Liabilities. Upon and after an Event of Default hereunder, then and in either such event all or any portion of the Guaranty Obligations may, at the option of Lender and without demand, notice or legal process of any kind, be declared and immediately shall become due and payable.
Acceleration of the Liabilities. Upon and after the occurrence of a Default, all of the Liabilities may, at the option of Lender, after written notice and demand, but without legal process of any kind, be declared, and immediately shall become, due and payable.
1.6 Section 14.10 of the Loan Agreement is hereby amended by changing the address of the Lender to 000 X. Xxxxxxxxx Xxxxx, 00xx Xxxxx, Xxxxxxx, Xxxxxxxx 00000.
