Common use of No Obligation to Extend Credit; Acceleration Clause in Contracts

No Obligation to Extend Credit; Acceleration. Upon notice by the Lender to the Borrower, the obligations of the Lender to make any extension of credit hereunder shall automatically terminate and the Credit Obligations shall become immediately due and payable.

Appears in 3 contracts

Samples: Equipment Loan Agreement (Soluna Holdings, Inc), Credit Agreement (Altisource Portfolio Solutions S.A.), Credit Agreement (Altisource Portfolio Solutions S.A.)

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No Obligation to Extend Credit; Acceleration. Upon notice by the Lender a Majority of Lenders to the BorrowerCompany, the obligations of the Lender Lenders to make any extension of credit hereunder shall automatically terminate and the Credit Obligations shall become immediately due and payable.

Appears in 1 contract

Samples: Credit Agreement (Geerlings & Wade Inc)

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