Common use of DEFAULT AND ACCELERATION Clause in Contracts

DEFAULT AND ACCELERATION. Borrower shall be in default upon the occurrence of any one or more of the events enumerated in Section A.4 above. Upon the occurrence of an Event of Default, Lender may, at its option, declare the entire unpaid balance of principal and interest on this Promissory Note, as well as the unpaid principal and interest on any other indebtedness or liability of Borrower to Lender, immediately due and payable without notice or demand. NOTICE OF ASSIGNMENT: Obligations under this Promissory Note have been pledged to CoBank, ACB, as administrative agent (“Administrative Agent”) for the benefit of certain lenders from time to time (collectively, the “Banks ”) to Lender under that certain Credit Agreement dated as of April 17, 2017, by and among the Lender, Administrative Agent, any Guarantors hereafter party thereto and the Banks (as amended, restated, modified, or supplemented from time to time hereafter, the "Credit Agreement"), and may be transferred or assigned to the Administrative Agent. In the event of such a transfer or assignment, the Administrative Agent will receive all of the rights, powers, and remedies of Lender. Any transfer of this Promissory Note, other than to the Administrative Agent, will violate the rights of the Administrative Agent as secured party unless the Administrative Agent consents to such transfer in writing.

DEFAULT AND ACCELERATION. Borrower shall be in default upon the occurrence of any one or more of the events enumerated in Section A.4 above. Upon the occurrence of an Event of Default, Lender may, at its option, declare the entire unpaid balance of principal of and interest on this Promissory Note, as well as the unpaid principal of and interest on any other indebtedness or liability of Borrower to Lender, immediately due and payable without notice or demand. In addition to Lender's right to set-off as provided above, Lender shall have, upon the occurrence of any such Event of Default, and at any time thereafter, the remedies of a secured party under the Uniform Commercial Code or as otherwise provided by law. NOTICE OF ASSIGNMENT: Obligations under this Promissory Note promissory note have been pledged to CoBank, ACB, as administrative agent (“Administrative Agent”) for the benefit of certain lenders from time to time (collectively, the “Banks ”) to Lender under that certain 2012 Amended and Restated Credit Agreement dated as of April 1723, 20172012, by and among the Lender, Administrative Agent, any Guarantors guarantors hereafter party thereto and the Banks (as amended, restated, modified, or supplemented from time to time hereafter, the "Credit Agreement"), and may be transferred or assigned to the Administrative Agent. In the event of such a transfer or assignment, the Administrative Agent will receive all of the rights, powers, and remedies of Lender. Any transfer of this Promissory Notepromissory note, other than to the Administrative Agent, will violate the rights of the Administrative Agent as secured party unless the Administrative Agent consents to such transfer in writing.

DEFAULT AND ACCELERATION. Borrower shall be in default upon the occurrence of any one or more of the events enumerated in Section A.4 above. Upon the occurrence of an Event of Default, Lender may, at its option, declare the entire unpaid balance of principal of and interest on this Promissory Note, as well as the unpaid principal of and interest on any other indebtedness or liability of Borrower to Lender, immediately due and payable without notice or demand. In addition to Lender's right to set-off as provided above, Lender shall have, upon the occurrence of any such Event of Default, and at any time thereafter, the remedies of a secured party under the Uniform Commercial Code or as otherwise provided by law. NOTICE OF ASSIGNMENT: Obligations under this Promissory Note promissory note have been pledged to CoBank, ACB, as administrative agent (“Administrative Agent”) for the benefit of certain lenders from time to time (collectively, the “Banks ”) to Lender under that certain Credit Agreement dated as of April 17, 2017, by and among the Lender, Administrative Agent, any Guarantors hereafter party thereto and the Banks (as amended, restated, modified, or supplemented from time to time hereafter, the "Credit Agreement"), and may be transferred or assigned to the Administrative Agent. In the event of such a transfer or assignment, the Administrative Agent will receive all of the rights, powers, and remedies of Lender. Any transfer of this Promissory Notepromissory note, other than to the Administrative Agent, will violate the rights of the Administrative Agent as secured party unless the Administrative Agent consents to such transfer in writing.

DEFAULT AND ACCELERATION. Borrower shall be in default upon the occurrence of any one or more of the events enumerated in Section A.4 above. Upon the occurrence of an Event of Default, Lender may, at its option, declare the entire unpaid balance of principal of and interest on this Promissory Note, as well as the unpaid principal of and interest on any other indebtedness or liability of Borrower to Lender, immediately due and payable without notice or demand. In addition to Xxxxxx's right to set-off as provided above, Lender shall have, upon the occurrence of any such Event of Default, and at any time thereafter, the remedies of a secured party under the Uniform Commercial Code or as otherwise provided by law. NOTICE OF ASSIGNMENT: Obligations under this Promissory Note promissory note have been pledged to CoBank, ACB, as administrative agent (“Administrative Agent”) for the benefit of certain lenders from time to time (collectively, the “Banks ”) to Lender under that certain 2012 Amended and Restated Credit Agreement dated as of April 1723, 20172012, by and among the Lender, Administrative Agent, any Guarantors guarantors hereafter party thereto and the Banks (as amended, restated, modified, or supplemented from time to time hereafter, the "Credit Agreement"), and may be transferred or assigned to the Administrative Agent. In the event of such a transfer or assignment, the Administrative Agent will receive all of the rights, powers, and remedies of Lender. Any transfer of this Promissory Notepromissory note, other than to the Administrative Agent, will violate the rights of the Administrative Agent as secured party unless the Administrative Agent consents to such transfer in writing.