Common use of EVENTS OF ACCELERATION Clause in Contracts

EVENTS OF ACCELERATION. The occurrence of any of the following shall constitute an "Event of Acceleration" by the Lender under this Note: Xxxxxxxx’s failure to pay any part of the principal or interest as and when due under this Note; or Xxxxxxxx’s becoming insolvent or not paying its debts as they become due.

Appears in 3 contracts

Samples: Auto Loan Agreement, Loan Agreement, Loan Agreement

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EVENTS OF ACCELERATION. The occurrence of any of the following shall constitute an "Event of Acceleration" by the Lender under this Note: : a) Xxxxxxxx’s failure to pay any part of the principal or interest as and when due under this Note; or or b) Xxxxxxxx’s becoming insolvent or not paying its debts as they become due.

Appears in 3 contracts

Samples: Loan Agreement, Auto Loan Agreement, Loan Agreement

EVENTS OF ACCELERATION. The occurrence of any of the following shall constitute an "Event of Acceleration" by the Lender under this NoteAgreement: Xxxxxxxx’s failure to pay any part of the principal or interest as and when due under this NoteAgreement; or Xxxxxxxx’s becoming insolvent or not paying its debts as they become due.

Appears in 3 contracts

Samples: Personal Loan Agreement, Family Loan Agreement, Business Loan Agreement

EVENTS OF ACCELERATION. The occurrence of any of the following shall constitute an "Event of Acceleration" by the Lender under this Note: Agreement: a) Xxxxxxxx’s failure to pay any part of the principal or interest as and when due under this NoteAgreement; or or b) Xxxxxxxx’s becoming insolvent or not paying its debts as they become due.

Appears in 2 contracts

Samples: Personal Loan Agreement, Business Loan Agreement

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EVENTS OF ACCELERATION. The occurrence of any of the following shall constitute an "Event of Acceleration" by the Lender under this Note: Agreement: (a) Xxxxxxxx’s failure to pay any part of the principal or interest as and when due under this NoteAgreement; or or (b) Xxxxxxxx’s becoming insolvent or not paying its debts as they become due.

Appears in 1 contract

Samples: Loan Agreement

EVENTS OF ACCELERATION. The occurrence of any of the following shall constitute an "Event of Acceleration" by the Lender under this Note: Agreement: a.) Xxxxxxxx’s failure to pay any part of the principal or interest as and when due under this NoteAgreement; or or b.) Xxxxxxxx’s becoming insolvent or not paying its debts as they become due.

Appears in 1 contract

Samples: Loan Agreement

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