Common use of Section 8 – Default Clause in Contracts

Section 8 – Default. 8.1 Upon the occurrence of any one or more of the following "Events of Default", ACFA may, upon written notice to the Borrower, declare to be immediately due and payable the entire amount of any Principal Amount, or any part thereof that remains due and owing to ACFA, together with accrued interest thereon and any other amounts due and owing under this Agreement, whereupon such amounts shall become immediately due and payable without presentment, demand, protest or other notice of any kind, all of which are hereby expressly waived by the Borrower:

Appears in 10 contracts

Samples: Acfa Borrowing Manual, Loan Agreement, Master Loan Agreement

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