Common use of Events of Acceleration Clause in Contracts

Events of Acceleration. If any of the following events occur, the Credit Facilities shall terminate and all borrowings under them shall become due immediately, without notice, at the Bank's option, whether or not the Bank has made demand.

Appears in 3 contracts

Samples: Credit Authorization Agreement (Northern Radio Network Corp), Credit Authorization Agreement (National Techteam Inc /De/), Credit Authorization Agreement (Bixby Carl L)

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Events of Acceleration. If any of the following events occuroccurs, the Credit Facilities shall terminate and all borrowings under them shall become be due immediately, without notice, at the Bank's option, whether or not the Bank has made demand.

Appears in 3 contracts

Samples: Credit Authorization Agreement (Complete Business Solutions Inc), Graphic Omitted (Neogen Corp), Credit Authorization Agreement (Interface Systems Inc)

Events of Acceleration. If any of the following events occuroccurs, the Credit Facilities shall terminate and all borrowings and other obligations under them shall become be due immediately, without notice, at the Bank's option, whether or not the Bank has made demand.

Appears in 3 contracts

Samples: Credit Authorization Agreement (National Techteam Inc /De/), Credit Authorization Agreement (Michigan Community Bancorp LTD), Alternate Marketing Networks Inc

Events of Acceleration. If any of the following events occur, the Credit Facilities shall terminate and all borrowings under them shall become due immediately, without notice, . at the Bank's option, . whether or not the Bank has made demand.

Appears in 1 contract

Samples: Perceptron Inc/Mi

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Events of Acceleration. If any of the following events occur, the Credit Facilities shall terminate and all borrowings under them shall become be due immediately, without notice, at the Bank's option, whether or not the Bank has made demand.

Appears in 1 contract

Samples: Credit Authorization Agreement (Perceptron Inc/Mi)

Events of Acceleration. If any of the following events occuroccurs, the Credit Facilities Authorization shall terminate and all borrowings under them of the Obligations shall become be due immediately, without notice, at the Bank's option, whether or not the Bank has made demand.

Appears in 1 contract

Samples: Credit Authorization Agreement (Complete Business Solutions Inc)

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