Common use of Acceleration of the Liabilities Clause in Contracts

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 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 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 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 AgreementAgrtement, Buyer may, at its sole option 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.