Common use of Acceleration of the Liabilities Clause in Contracts

Acceleration of the Liabilities. Upon and after the occurrence of any Event of Default, all or any portion 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.

Appears in 1 contract

Samples: Loan and Security Agreement (Solo Serve Corp)

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Acceleration of the Liabilities. Upon and after the occurrence of any Event of a ------------------------------- Default, all or any portion 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.

Appears in 1 contract

Samples: Loan and Security Agreement (Intellisys Group Inc)

Acceleration of the Liabilities. Upon and after the occurrence of any Event of a Default, all or any portion of the Liabilities may, at the option of Lender Lender, after written notice and without demand, notice, or but without legal process of any kind, be declared, and immediately shall become, due and payable.

Appears in 1 contract

Samples: Loan and Security Agreement (Fansteel Inc)

Acceleration of the Liabilities. Upon and after the occurrence of any Event of a Default, all or any portion 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.

Appears in 1 contract

Samples: Loan and Security Agreement (Fansteel Inc)

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Acceleration of the Liabilities. Upon and after the occurrence of any Event of a Default, all or any portion of the Liabilities may, at the option of Lender and without further demand, notice, or legal process of any kind, be declared, and immediately shall become, due and payable.

Appears in 1 contract

Samples: Loan and Security Agreement (Vita Food Products Inc)

Acceleration of the Liabilities. Upon and after the occurrence of any Event of a Default, all or any portion of the Liabilities of Borrower 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.

Appears in 1 contract

Samples: Loan and Security Agreement (Diana Corp)

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