Common use of REMEDIES ON DEFAULT; ACCELERATION Clause in Contracts

REMEDIES ON DEFAULT; ACCELERATION. Upon any Event of Default, Holder will have, in addition to its rights and remedies under this Note, the Credit Agreement and Security Agreement, full recourse against any real, personal, tangible or intangible assets of Borrower, and may pursue any legal or equitable remedies that are available to Holder, and may declare the entire unpaid principal amount of this Note and all unpaid accrued interest under this Note to be immediately due and payable in full.

Appears in 8 contracts

Samples: Credit Facility Agreement (Welund Fund Inc), Solar Power, Inc., Solar Power, Inc.

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