Common use of IN THE EVENT Clause in Contracts

IN THE EVENT. THERE SHALL OCCUR AND BE CONTINUING AN EVENT OF DEFAULT, THE MORTGAGEE MAY TAKE ANY OR ALL OF THE FOLLOWING ACTIONS, AT THE SAME OR AT DIFFERENT TIMES: Section 1. Acceleration. Declare the Guaranteed Obligations to be due and payable immediately, and upon any such declaration, the entire unpaid balance of the Guaranteed Obligations shall be immediately due and payable without presentment, demand, protest or further notice of any kind, all of which are expressly waived by the Entity and the Agency, anything herein or in any other Fundamental Documents notwithstanding.

Appears in 2 contracts

Samples: Mortgage, Security Agreement and Fixture Filing (Oneida LTD), Mortgage, Security Agreement and Fixture Filing (Oneida LTD)

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IN THE EVENT. THERE SHALL OCCUR AND BE CONTINUING AN EVENT OF DEFAULT, THE MORTGAGEE MAY TAKE ANY OR ALL OF THE FOLLOWING ACTIONS, AT THE SAME OR AT DIFFERENT TIMES: Section 1. Acceleration. Declare the Guaranteed Obligations to be due and payable immediately, and upon any such declaration, the entire unpaid balance of the Guaranteed Obligations shall be immediately due and payable without presentment, demand, protest or further notice of any kind, all of which are expressly waived by the Entity and the AgencyMortgagor, anything herein or in any other Fundamental Documents notwithstanding.

Appears in 2 contracts

Samples: Mortgage, Security Agreement and Fixture Filing (Oneida LTD), Mortgage, Security Agreement and Fixture Filing (Oneida LTD)

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IN THE EVENT. THERE SHALL OCCUR AND BE CONTINUING AN EVENT OF DEFAULT, THE MORTGAGEE MAY TAKE ANY OR ALL OF THE FOLLOWING ACTIONS, AT THE SAME OR AT DIFFERENT TIMES: Section 1. Acceleration. Declare the Guaranteed Obligations to be due and payable immediately, and upon any such declaration, the entire unpaid balance of the Guaranteed Obligations shall be immediately due and payable without presentment, demand, protest or further notice of any kind, all of which are expressly waived by the Entity and the AgencyMortgagor, anything herein or in any other Fundamental Documents notwithstanding.

Appears in 1 contract

Samples: Mortgage, Security Agreement and Fixture Filing (Oneida LTD)

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