Acceleration, Termination and Demand Clause Samples

Acceleration, Termination and Demand. The right to (i) accelerate the entire outstanding principal balance of the Indebtedness together with all accrued but unpaid interest on the Indebtedness and all other sums due and payable by either Borrower to Lender, without demand, presentment, notice of dishonor, diligence in collection, grace, notice and protest or legal process of any kind, all of which each Borrower hereby expressly waives, (ii) terminate its agreement to make Revolving Credit Advances under this Agreement, and (iii) immediately, without a period of grace, enforce payment of the Indebtedness by exercising any and all of the rights granted herein and under applicable law, provided that, in the case of an Event of Default under Section 7.1(h) hereof, all the Indebtedness shall automatically become due and payable and the agreement of Lender to make Revolving Credit Advances under this Agreement shall automatically terminate.