ACCELERATION UPON TRANSFER Sample Clauses

ACCELERATION UPON TRANSFER. If any sale, conveyance, alienation, mortgage, encumbrance, pledge or transfer of the Trust Property prohibited under the Secured Agreements occurs without Beneficiary's consent, then at Beneficiary's sole option, Beneficiary may, by written notice to Grantor, declare the Secured Obligations immediately due and payable. Without limiting the generality of the foregoing, the following provision is set forth herein in order to comply with the requirements of § 6.2-417 of the Code of Virginia, if such requirements are applicable to the Trust Property: NOTICE - THE DEBT SECURED HEREBY IS SUBJECT TO CALL IN FULL OR THE TERMS THEREOF BEING MODIFIED IN THE EVENT OF SALE OR CONVEYANCE OF THE PROPERTY CONVEYED.
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ACCELERATION UPON TRANSFER. Sections 5.1.18 and 6.9 of the -------------------------- Deed of Trust provide as follows:
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ACCELERATION UPON TRANSFER. Mortgagee may, at its sole option, declare the entire unpaid balance of the principal of and the accrued interest on the Note and all other sums secured by this Mortgage immediately due and payable if Mortgagor, without the prior written consent of Mortgagee, shall cause or permit, to the extent it may do so, any transfer of title to or beneficial interest in the Mortgaged Property or any part thereof, voluntarily or by operation of law (other by execution on the Note or foreclosure under this Mortgage).
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ACCELERATION UPON TRANSFER. If any sale, conveyance, alienation, deed, mortgage, encumbrance, pledge or transfer, other than a transfer permitted under Section 6.5 of the Loan Agreement or other relevant terms of the Loan Documents occurs without Beneficiary's consent, then at Beneficiary's sole option, Beneficiary may, by written notice to Grantor, declare the Obligations immediately due and payable. Without limiting the generality of the foregoing, the following provision is set forth herein in order to comply with the requirements of Section 6.1-330.88 of the Code of Virginia, if such requirements are applicable to the property: NOTICE-THE OBLIGATIONS SECURED HEREBY ARE SUBJECT TO CALL IN FULL OR THE TERMS THEREOF BEING MODIFIED IN THE EVENT OF SALE OR CONVEYANCE OF THE PROPERTY.
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ACCELERATION UPON TRANSFER. Sections 5.1.18 and 6.9 of the Vista -------------------------- Verde Deed of Trust provide as follows:
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ACCELERATION UPON TRANSFER. If any sale, conveyance, alienation, mortgage, encumbrance, pledge or transfer, other than a transfer permitted under Article 8 of this Security Instrument or other relevant terms of the Loan Documents occurs without Lender’s consent, then at Lender’s sole option, Lender may, by written notice to Borrower, declare the Debt immediately due and payable. Without limiting the generality of the foregoing, the following provision is set forth herein in order to comply with the requirements of §6.1-330.88 of the Code of Virginia, if such requirements are applicable to the property: NOTICE - THE OBLIGATIONS SECURED HEREBY ARE SUBJECT TO CALL IN FULL OR THE TERMS THEREOF BEING MODIFIED IN THE EVENT OF SALE OR CONVEYANCE OF THE PROPERTY CONVEYED OTHER THAN A SALE OR CONVEYANCE PERMITTED UNDER ARTICLE 8 OF THIS SECURITY INSTRUMENT OR OTHER RELEVANT TERMS OF THE LOAN DOCUMENTS.
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Related to ACCELERATION UPON TRANSFER

  • Limitations Upon Transfer All rights under this Agreement shall belong to you alone and may not be transferred, assigned, pledged, or hypothecated by you in any way (whether by operation of law or otherwise), other than by will or the laws of descent and distribution and shall not be subject to execution, attachment, or similar process. Upon any attempt by you to transfer, assign, pledge, hypothecate, or otherwise dispose of such rights contrary to the provisions in this Agreement or the Plan, or upon the levy of any attachment or similar process upon such rights, such rights shall immediately become null and void.

  • Acceleration Upon a Change of Control Subject to any additional acceleration of exercisability described in Sections 4(b), (c) and (d) below, in connection with a Change of Control (as defined in Section 1 above), the vesting and exercisability of fifty percent (50%) of Executive’s outstanding Stock Awards shall be automatically accelerated. The foregoing provision is hereby deemed to be a part of each such Stock Award and to supersede any less favorable provision in any agreement or plan regarding such Stock Award.

  • Acceleration Upon Change of Control In the event of a Change of Control, all obligations hereunder shall be accelerated and such obligations shall be calculated pursuant to this Article IV as if an Early Termination Notice had been delivered on the closing date of the Change of Control and utilizing the Valuation Assumptions by substituting the phrase “the closing date of a Change of Control” in each place where the phrase “Early Termination Effective Date” appears. Such obligations shall include, but not be limited to, (1) the Early Termination Payment calculated as if an Early Termination Notice had been delivered on the closing date of the Change of Control, (2) any Tax Benefit Payments agreed to by the Corporation and the Members as due and payable but unpaid as of the Early Termination Notice and (3) any Tax Benefit Payments due for any Taxable Year ending prior to, with or including the closing date of a Change of Control (except to the extent that any amounts described in clauses (2) or (3) are included in the Early Termination Payment). For the avoidance of doubt, Sections 4.2 and 4.3 shall apply to a Change of Control, mutadis mutandi.

  • Termination Upon Notice This Agreement may be terminated at any time without cause by either party giving the other party one hundred eighty (180) days written notice.

  • Acceleration Upon Change in Control This Option shall become immediately fully exercisable in the event that, prior to the termination of the Option pursuant to Section 6 hereof, and during the Optionee’ s Continuous Service, there is a Change in Control.

  • Condition upon Termination Upon the termination of the -------------------------- Lease, Tenant shall surrender the Property to Landlord, broom clean and in the same condition as received except for ordinary wear and tear which Tenant was not otherwise obligated to remedy under any provision of this Lease. However, Tenant shall not be obligated to repair any damage which Landlord is required to repair under Article 7 (Damage or Destruction). In addition, Landlord may require Tenant to remove any alterations, additions or improvements (whether or not made with Landlord's consent) prior to the expiration of the Lease and to restore the Property to its prior condition, all at Tenant's expense. All alterations, additions and improvements which Landlord has not required Tenant to remove shall become Landlord's property and shall be surrendered to Landlord upon the expiration or earlier termination of the Lease, except that Tenant may remove any of Tenant's machinery or equipment which can be removed without material damage to the Property. Tenant shall repair, at Tenant's expense, any damage to the Property caused by the removal of any such machinery or equipment. In no event, however, shall Tenant remove any of the following materials or equipment (which shall be deemed Landlord's property) without Landlord's prior written consent: any power wiring or power panels; lighting or lighting fixtures; wall coverings; drapes, blinds or other window coverings; carpets or other floor coverings; heaters, air conditioners or any other heating or air conditioning equipment; fencing or security gates; or other similar building operating equipment and decorations except to the extent installed by Tenant.

  • Termination Upon Default Upon the occurrence of an Event of Default (as defined below) by either party and the failure of such party to cure such default after notice and opportunity to cure as provided by Section 6.3 below, the nondefaulting party may terminate this Agreement at any time.

  • Termination Upon Event of Default If Foothill terminates this Agreement upon the occurrence of an Event of Default, in view of the impracticability and extreme difficulty of ascertaining actual damages and by mutual agreement of the parties as to a reasonable calculation of Foothill's lost profits as a result thereof, Borrower shall pay to Foothill upon the effective date of such termination, a premium in an amount equal to the Early Termination Premium. The Early Termination Premium shall be presumed to be the amount of damages sustained by Foothill as the result of the early termination and Borrower agrees that it is reasonable under the circumstances currently existing. The Early Termination Premium provided for in this Section 3.7 shall be deemed included in the Obligations.

  • Termination Upon Breach Either the Corporation or the Consultant may terminate this Agreement in the event of the breach of any of the material terms or provisions of this Agreement by the other party, which breach is not cured within 10 business days after notice of the same is given to the party alleged to be in breach by the other party.

  • Action Upon Termination (a) From and after the effective date of termination of this Agreement, pursuant to Sections 13, 14, or 15 of this Agreement, the Manager shall not be entitled to compensation for further services under this Agreement, but shall be paid all compensation accruing to the date of termination and, if terminated pursuant to Section 13 or Section 15(b), the applicable Termination Fee. Upon such termination, the Manager shall forthwith:

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