Common use of Effect of Acceleration Clause in Contracts

Effect of Acceleration. Upon this Note becoming due and payable under this Section 5, whether automatically or by declaration, this Note will forthwith mature and the entire unpaid principal amount of this Note, plus all accrued and unpaid interest thereon (to the full extent permitted by applicable law), shall be immediately due and payable.

Appears in 4 contracts

Samples: Non Recourse Note (Icon Health & Fitness Inc), Non Recourse Note (510152 N B LTD), Non Recourse Note (Icon Health & Fitness Inc)

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