Common use of PREPAYMENT FOLLOWING ACCELERATION Clause in Contracts

PREPAYMENT FOLLOWING ACCELERATION. Any Default resulting in the acceleration of the Indebtedness evidenced by this Note shall be presumed to be an attempt to avoid the provisions of Section 7 of this Note, which prohibit prepayment or condition the Lender’s obligation to accept prepayment on the payment of a prepayment premium. Accordingly, if the Indebtedness is accelerated, any amounts tendered to repay the accelerated Indebtedness, or realized by the Lender through its remedies following acceleration, shall be subject to the prepayment premium, if any, that would have been applicable under Section 7 (calculated from the date of acceleration through the Maturity Date).

PREPAYMENT FOLLOWING ACCELERATION. Any Default resulting in the acceleration of the Indebtedness indebtedness evidenced by this Note shall be presumed to be an attempt to avoid the provisions of Section 7 of this Note, which prohibit prepayment or condition the Lender’s obligation to accept prepayment on the payment of a prepayment premium. Accordingly, if the Indebtedness indebtedness is accelerated, any amounts tendered to repay the accelerated Indebtednessindebtedness, or realized by the Lender through its remedies following acceleration, shall be subject to the prepayment premium, if any, premium that would have been applicable under Section 7 (calculated from as if the prepayment had occurred on the date of acceleration through the Maturity Dateacceleration).