Common use of Acceleration Upon Bankruptcy Clause in Contracts

Acceleration Upon Bankruptcy. All of the Obligations shall be immediately and automatically due and payable, without further act or condition, if any case under the United States Bankruptcy Code is commenced voluntarily by Borrower or involuntarily against Borrower.

Appears in 3 contracts

Samples: Credit and Security Agreement (Intranet Solutions Inc), Credit and Security Agreement (Intranet Solutions Inc), Credit and Security Agreement (Dakotah Inc)

AutoNDA by SimpleDocs

Acceleration Upon Bankruptcy. All of the Obligations shall be immediately and automatically due and payable, without further act or condition, if any case under the United States Bankruptcy Code is commenced voluntarily by any Borrower or involuntarily against any Borrower.

Appears in 1 contract

Samples: Credit and Security Agreement (Nature Vision, Inc.)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!