Common use of Due on Expiration of Term or Upon Event of Acceleration Clause in Contracts

Due on Expiration of Term or Upon Event of Acceleration. The entire unpaid principal balance of this Note and any accrued but unpaid interest shall be due and payable upon the expiration of the Term hereof, or immediately upon the occurrence of either of the following events of acceleration: (a) if the Property or any portion thereof or interest therein is sold, transferred, assigned or refinanced, without the prior written approval of City, except as otherwise permitted in this Note or the DDA; or (b) the date on which there is a default by the Borrower under the terms of the DDA, City Loan Documents, and/or the Agreement Affecting Real Property, or any default declared by the Senior Lender under any Senior Loan or Senior Deed of Trust and for which Senior Lender has accelerated the Senior Loan, which is not cured within the respective time periods provided therein.

Due on Expiration of Term or Upon Event of Acceleration. The entire unpaid principal balance of this Note and any accrued but unpaid interest shall be due and payable upon the expiration of the Term hereof, or immediately upon the occurrence of either of the following events of acceleration: (a) if the Property or any portion thereof or interest therein is sold, transferred, assigned or refinanced, without the prior written approval of Citythe Agency, except as otherwise permitted in this Note or the DDA; or (b) the date on which there is a default by the Borrower under the terms of the DDA, City the Agency Loan Documents, and/or the Agreement Affecting Real Property, or any default declared by the Senior Lender under any Senior Loan or Senior Deed of Trust and for which Senior Lender has accelerated the Senior Loan, which is not cured within the respective time periods provided therein.

Due on Expiration of Term or Upon Event of Acceleration. The entire unpaid principal balance of this Note and any accrued but unpaid interest shall be due and payable upon the expiration of the Term hereof, or immediately upon the occurrence of either of the following events of acceleration: (a) if the Property or any portion thereof or interest therein is sold, transferred, assigned or refinanced, without the prior written approval of the City, except as otherwise permitted in this Note or the DDA; or (b) the date on which there is a default by the Borrower under the terms of the DDA, City Agency Loan Documents, and/or the Agreement Affecting Real Property, or any default declared by the Senior Lender under any Senior Loan or Senior Deed of Trust and for which Senior Lender has accelerated the Senior Loan, which is not cured within the respective time periods provided therein.