Common use of Right to Accelerate Clause in Contracts

Right to Accelerate. Lender may, without notice, demand, presentment, notice of nonpayment or nonperformance, protest, notice of protest, notice of intent to accelerate, notice of acceleration, or any other notice or any other action, all of which are hereby waived by Borrower and all other parties obligated in any manner whatsoever on the Indebtedness, declare the entire unpaid balance of the Indebtedness immediately due and payable, and upon such declaration, the entire unpaid balance of the Indebtedness shall be immediately due and payable. The failure to exercise any remedy available to Lender shall not be deemed to be a waiver of any rights or remedies of Lender under the Loan Documents, at law or in equity.

Appears in 2 contracts

Samples: Mortgage, Security Agreement and Fixture Filing (Owens Realty Mortgage, Inc.), Security Agreement and Financing Statement (Inland Real Estate Income Trust, Inc.)

AutoNDA by SimpleDocs

Right to Accelerate. Lender Beneficiary may, without notice, demand, presentment, notice of nonpayment or nonperformance, protest, notice of protest, notice of intent to accelerate, notice of acceleration, or any other notice or any other action, all of which are hereby waived by Borrower Grantor and all other parties obligated in any manner whatsoever on the Indebtedness, declare the entire unpaid balance of the Indebtedness immediately due and payable, and upon such declaration, the entire unpaid balance of the Indebtedness shall be immediately due and payable. The failure to exercise any remedy available to Lender the Beneficiary shall not be deemed to be a waiver of any rights or remedies of Lender the Beneficiary under the Loan Documents, at law or in equity.

Appears in 2 contracts

Samples: Rf Monolithics Inc /De/, Rf Monolithics Inc /De/

AutoNDA by SimpleDocs

Right to Accelerate. Lender may, without notice, demand, presentment, notice of nonpayment or nonperformance, protest, notice of protest, notice of intent to accelerate, notice of acceleration, or any other notice or any other action, all of which are hereby waived by Borrower and all other parties obligated in any manner whatsoever on the Indebtednessindebtedness, declare the entire unpaid balance of the Indebtedness indebtedness immediately due and payable, and upon such declaration, the entire unpaid balance of the Indebtedness indebtedness shall be immediately due and payable. The failure to exercise any remedy available to Lender shall not be deemed to be a waiver of any rights or remedies of Lender under the Loan Documents, at law or in equity.

Appears in 1 contract

Samples: Loan Agreement (Coolbrands International Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!