Common use of DEFAULT AND ACCELERATION Clause in Contracts

DEFAULT AND ACCELERATION. The Debt shall without notice become immediately due and payable at the option of Lender if any payment required in this Note is not paid on or prior to the date when due or if not paid on the Maturity Date or on the happening of any other Event of Default.

Appears in 29 contracts

Samples: Promissory Note (Glimcher Realty Trust), Promissory Note (Glimcher Realty Trust), Promissory Note (Glimcher Realty Trust)

AutoNDA by SimpleDocs

DEFAULT AND ACCELERATION. The Except as otherwise provided in the Loan Agreement, the Debt shall without notice become immediately due and payable at the option of Lender if any payment required in this Note is not paid on or prior to the date when due or if not paid on the Maturity Date or on the happening of any other Event of Default.

Appears in 5 contracts

Samples: Promissory Note (Behringer Harvard Reit I Inc), Promissory Note (Behringer Harvard Reit I Inc), Promissory Note (Behringer Harvard Reit I Inc)

DEFAULT AND ACCELERATION. The Debt shall without notice become immediately due and payable at the option of Lender if any payment required in this Note is not paid on or prior to within five (5) days after the date when due or if not paid on or before the Maturity Date or on the happening of any other Event of Default.

Appears in 4 contracts

Samples: Promissory Note (Inland American Real Estate Trust, Inc.), Promissory Note (Inland American Real Estate Trust, Inc.), Promissory Note (Inland American Real Estate Trust, Inc.)

DEFAULT AND ACCELERATION. The Debt shall without notice become immediately due and payable at the option of Lender if any payment required in this Note is not paid on or prior to upon the date when due or if not paid on occurrence and during the Maturity Date or on the happening continuance of any other Event of DefaultDefault in accordance with Section 10.2 of the Loan Agreement.

Appears in 2 contracts

Samples: Loan Agreement (Brookfield DTLA Fund Office Trust Investor Inc.), Loan Agreement (Brookfield DTLA Fund Office Trust Investor Inc.)

DEFAULT AND ACCELERATION. The Debt shall without notice become immediately due and payable at the option of Lender as provided in the Building Loan Agreement if any payment required in this Note is not paid on or prior to the date when due or if not paid on the Maturity Date or on the happening of any other Event of Default.

Appears in 1 contract

Samples: Building Loan Note (Alexanders Inc)

DEFAULT AND ACCELERATION. The Debt shall without notice become immediately due and payable at the option of Lender if any payment required in this Note is not paid on or prior to the date when due (subject to any grace period) or if not paid on the Maturity Date or on the happening of any other Event of Default.

Appears in 1 contract

Samples: Promissory Note (City Office REIT, Inc.)

DEFAULT AND ACCELERATION. The Debt shall without notice become immediately due and payable at the option of Lender if any payment required in this Note is not paid on or prior to (beyond the date when due or if not paid on the Maturity Date or on the happening expiration of any other Event applicable grace or cure periods) in accordance with the terms of Defaultthe Senior Loan Agreement.

Appears in 1 contract

Samples: Promissory Note (KBS Real Estate Investment Trust, Inc.)

DEFAULT AND ACCELERATION. The Debt shall without notice become immediately due and payable at the option of Lender if any payment required in this Additional Note is not paid on or prior to (beyond the date when due or if not paid on the Maturity Date or on the happening expiration of any other Event applicable grace or cure periods) in accordance with the terms of Defaultthe Loan Agreement.

Appears in 1 contract

Samples: Additional Second Mezzanine Loan Note (KBS Real Estate Investment Trust, Inc.)

DEFAULT AND ACCELERATION. The Debt shall without notice become immediately due and payable at the option of Lender Agent if any payment required in this Note is not paid on or prior to the date when due (or, if the Loan Agreement provides for any notice or cure periods in respect of such payment, on or prior to the expiration of such notice or cure periods) or if not paid on the Maturity Date or on the happening of any other Event of Default.

Appears in 1 contract

Samples: Promissory Note (Alexanders Inc)

DEFAULT AND ACCELERATION. The Except as otherwise provided in the Loan Agreement, the Debt shall without notice become immediately due and payable at the option of Lender if any payment required in this Note portion of the Debt is not paid on or prior to the date when the same is due or if the entire Debt is not paid on or before the Maturity Date or on the happening of any other Event of DefaultDate.

Appears in 1 contract

Samples: Promissory Note (Prentiss Properties Trust/Md)

DEFAULT AND ACCELERATION. The Debt shall without notice become immediately due and payable at the option of Lender if any payment required in this Note is not paid on or prior to the date when due or if not paid on the Maturity Date or on the happening occurrence of any other Event of Default.

Appears in 1 contract

Samples: Promissory Note (Stirling Hotels & Resorts, Inc.)

DEFAULT AND ACCELERATION. The Debt shall without notice become immediately due and payable at the option of Lender if any payment required in under this Note is not paid on or prior to the date when due or if not paid on the Maturity Date or on during the happening continuance of any other Event of DefaultDefault in accordance with the terms of the Loan Agreement.

Appears in 1 contract

Samples: Promissory Note (Hcp, Inc.)

DEFAULT AND ACCELERATION. The Subject to and in accordance with the terms of the Loan Agreement, the Debt shall without notice become immediately due and payable at the option of Lender if any payment required in this Note is not paid on or prior to the date when due or if not paid on the Maturity Date or on the happening occurrence of any other Event of Default.

Appears in 1 contract

Samples: Promissory Note (KBS Strategic Opportunity REIT, Inc.)

DEFAULT AND ACCELERATION. The Debt shall without notice become immediately due and payable at the option of Lender if any payment required in this Note is not paid on or prior to the date when due (and such nonpayment is an Event of Default) or if not paid on or before the Maturity Date or on the happening of any other Event of Default.

Appears in 1 contract

Samples: Promissory Note (Inland Real Estate Income Trust, Inc.)

DEFAULT AND ACCELERATION. The Debt shall without notice become immediately due and payable at the option of Lender if any payment required in this Note is not paid on or prior to (beyond the date when due or if not paid on the Maturity Date or on the happening expiration of any other Event applicable grace or cure periods) in accordance with the terms of Defaultthe Project Loan Agreement.

Appears in 1 contract

Samples: Promissory Note (KBS Real Estate Investment Trust, Inc.)

DEFAULT AND ACCELERATION. The Debt shall without notice become immediately due and payable at the option of Lender if any payment required in this Note is not paid on or prior to the date when due or if not paid on the Maturity Date or on upon the happening of any other Event of Default.

Appears in 1 contract

Samples: Promissory Note (City Office REIT, Inc.)

DEFAULT AND ACCELERATION. The Debt shall without notice become immediately due and payable at the option of Lender if any payment required in this Note A2 is not paid on or prior to the date when due or if not paid on the Maturity Date or on the happening of any other Event of Default. In the event that, and for so long as, any Event of Default shall have occurred and be continuing, the outstanding principal balance of the Loan shall accrue interest at the Default Rate.

Appears in 1 contract

Samples: Promissory Note (Glimcher Realty Trust)

DEFAULT AND ACCELERATION. The Debt Indebtedness shall without notice become immediately due and payable at the option of Lender if any payment required in this Note is not paid on or prior to the date when due or if not paid on the Maturity Date or on the happening of any other Event of Default.

Appears in 1 contract

Samples: Promissory Note (Strategic Storage Trust VI, Inc.)

AutoNDA by SimpleDocs

DEFAULT AND ACCELERATION. The Debt shall without notice become immediately due and payable at the option of Lender if any payment required in this Note is not paid on or prior to the date when due or if not paid on the Maturity Date or on the happening of any other Event of Default, notice of exercise of said option being waived.

Appears in 1 contract

Samples: Promissory Note (Inland Western Retail Real Estate Trust Inc)

DEFAULT AND ACCELERATION. The Debt shall without notice become immediately due and payable at the option of Lender if any payment required in this Note is not paid on or prior to the date when due (subject to any applicable grace or cure period set forth in the Loan Agreement) or if not paid on the Maturity Date or on the happening of any other Event of Default.

Appears in 1 contract

Samples: Loan Agreement (Acadia Realty Trust)

DEFAULT AND ACCELERATION. The Debt shall without notice become immediately due and payable at the option of Lender if any payment required in this Note is not paid on or prior to the date when due or if not paid on the Maturity Date or on the happening of any other Event of DefaultDefault occurs and is continuing under any Loan Document.

Appears in 1 contract

Samples: Promissory Note (Carey Watermark Investors 2 Inc)

DEFAULT AND ACCELERATION. The Debt shall without notice become immediately due and payable at the option of Lender if any payment required reuqired in this Note is not paid on or prior to the tenth (10th) day following the date when due or if not paid on the Maturity Date or on the happening of any other Event of Default.

Appears in 1 contract

Samples: Purchase Agreement (Inland Western Retail Real Estate Trust Inc)

DEFAULT AND ACCELERATION. The Debt shall without notice become immediately due and payable at the option of Lender if any payment required in this Note is not paid on or prior to the date when due or if not paid on the Maturity Date or on the happening of any other Event of Default.

Appears in 1 contract

Samples: Promissory Note (Pacific Oak Strategic Opportunity REIT II, Inc.)

DEFAULT AND ACCELERATION. The Debt shall without notice become immediately due and payable at the option of Lender if any payment required in this Note is not paid on or prior to upon the date when due or if not paid on occurrence and during the Maturity Date or on the happening continuance of any other Event of Default.

Appears in 1 contract

Samples: Promissory Note (American Realty Capital Trust III, Inc.)

DEFAULT AND ACCELERATION. The Debt shall without notice become immediately due and payable at the option of Lender if any payment required in this Note portion of the Debt is not paid on or prior to the date when the same is due or if the entire Debt is not paid on or before the Maturity Date Date, provided, however, Borrower shall not be in default so long as there is sufficient money in the Lockbox Account for payment of all amounts then due and payable (including deposits to Reserve Accounts) and Lender’s access to such money has not been constrained or on the happening of constricted in any other Event of Defaultmanner.

Appears in 1 contract

Samples: Promissory Note (American Assets Trust, Inc.)

DEFAULT AND ACCELERATION. The Debt shall without notice become immediately due and payable at the option of Lender if any payment required in this Note A1 is not paid on or prior to the date when due or if not paid on the Maturity Date or on the happening of any other Event of Default. In the event that, and for so long as, any Event of Default shall have occurred and be continuing, the outstanding principal balance of the Loan shall accrue interest at the Default Rate.

Appears in 1 contract

Samples: Promissory Note (Glimcher Realty Trust)

DEFAULT AND ACCELERATION. The Debt shall without notice become immediately due and payable at the option of Lender if any payment required in this Note is not paid on or prior to (beyond the date when due or if not paid on the Maturity Date or on the happening expiration of any other Event applicable grace or cure periods) in accordance with the terms of Defaultthe Building Loan Agreement.

Appears in 1 contract

Samples: Promissory Note (KBS Real Estate Investment Trust, Inc.)

DEFAULT AND ACCELERATION. The Debt shall without notice become immediately due and payable at the option of Lender Bank if any payment required in this Note is not paid on or prior to the date when due (or, if the Loan Agreement provides for any notice or cure periods in respect of such payment, on or prior to the expiration of such notice or cure periods) or if not paid on the Maturity Date or on the happening of any other Event of Default.

Appears in 1 contract

Samples: Loan Agreement (Alexanders Inc)

DEFAULT AND ACCELERATION. The Debt shall without notice become immediately due and payable at the option of Lender if any payment required in this Note is not paid on or prior to the date when due (subject to any grace or cure periods provided in the Loan Agreement) or if not paid on the Maturity Date or on upon the happening occurrence of any other Event of Default.

Appears in 1 contract

Samples: Promissory Note

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