Common use of Termination and Acceleration Clause in Contracts

Termination and Acceleration. Terminate any commitment and declare the unpaid principal balance of the loans, all accrued interest thereon, and all other amounts payable under this Agreement, each Promissory Note, and all other Loan Documents to be immediately due and payable. Upon such a declaration, the unpaid principal balance of the loans and all such other amounts will become immediately due and payable, without protest, presentment, demand, or further notice of any kind, all of which are hereby expressly waived by the Borrower.

Appears in 6 contracts

Samples: Credit Agreement (South Dakota Soybean Processors LLC), Credit Agreement (Granite Falls Energy, LLC), Credit Agreement (Golden Grain Energy)

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Termination and Acceleration. Terminate any commitment and declare the entire unpaid principal balance of the loansLoans, all accrued interest thereon, and all other amounts payable under this Agreement, each Promissory Noteall Notes and Supplements, and all the other Loan Documents to be immediately due and payable. Upon such a declaration, the unpaid principal balance of the loans Loans and all such other amounts will shall become immediately due and payable, without protest, presentment, demand, or further notice of any kind, all of which are hereby expressly waived by the Borrower.

Appears in 3 contracts

Samples: Master Loan Agreement (Nuvera Communications, Inc.), Master Loan Agreement (New Ulm Telecom Inc), Master Loan Agreement (Warwick Valley Telephone Co)

Termination and Acceleration. Terminate any commitment and declare the unpaid principal balance of the loans, all accrued interest thereon, and all other amounts payable under this Agreement, each Promissory NoteNote and Supplement, and all other Loan Documents to be immediately due and payable. Upon such a declaration, the unpaid principal balance of the loans and all such other amounts will shall become immediately due and payable, without protest, presentment, demand, or further notice of any kind, all of which are hereby expressly waived by the BorrowerCompany.

Appears in 3 contracts

Samples: Master Loan Agreement (Connecticut Water Service Inc / Ct), Master Loan Agreement (Connecticut Water Service Inc / Ct), Master Loan Agreement (Chugach Electric Association Inc)

Termination and Acceleration. Terminate any commitment and declare the entire unpaid principal balance of the loansLoans, all accrued interest thereon, and all other amounts payable under this Agreement, each Promissory Noteall Supplements, all Notes and all the other Loan Documents to be immediately due and payable. Upon such a declaration, the unpaid principal balance of the loans Loans and all such other amounts will shall become immediately due and payable, without protest, presentment, demand, or further notice of any kind, all of which are hereby expressly waived by the Borrower.

Appears in 2 contracts

Samples: Master Loan Agreement (New Ulm Telecom Inc), Master Loan Agreement (New Ulm Telecom Inc)

Termination and Acceleration. Terminate any commitment and declare the entire unpaid principal balance of the loansLoans, all accrued interest thereon, and all other amounts payable under this Agreement, each Promissory Noteall Supplements, and all the other Loan Documents to be immediately due and payable. Upon such a declaration, the unpaid principal balance of the loans Loans and all such other amounts will shall become immediately due and payable, without protest, presentment, demand, or further notice of any kind, all of which are hereby expressly waived by the BorrowerBorrowers.

Appears in 2 contracts

Samples: Master Loan Agreement (Knology Inc), Master Loan Agreement (Knology Inc)

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Termination and Acceleration. Terminate Termination any commitment and declare the unpaid principal balance of the loans, all accrued interest thereon, and all other amounts payable under this Agreement, each Promissory Note, and all other Loan Documents to be immediately due and payable. Upon such a declaration, the unpaid principal balance of the loans and all such other amounts will become immediately due and payable, without protest, presentment, demand, or further notice of any kind, all of which are hereby expressly waived by the Borrower.

Appears in 1 contract

Samples: Credit Agreement (Lincolnway Energy, LLC)

Termination and Acceleration. Terminate any commitment and declare the entire unpaid principal balance of the loansLoans, all accrued interest thereon, and all other amounts payable under this Agreement, each Promissory Noteall Notes and Supplements, and all the other Loan Documents to be immediately due and payable. Upon such a declaration, the unpaid principal balance of the loans Loans and all such other amounts will shall become immediately due and payable, without protest, presentment, demand, or further notice of any kind, all of which are hereby expressly waived by the Borrower.

Appears in 1 contract

Samples: Master Loan Agreement (Ct Communications Inc /Nc)

Termination and Acceleration. Terminate any commitment and declare the entire unpaid principal balance of the loansLoans, all accrued interest thereon, and all other amounts payable under this Agreement, each Promissory Noteall Supplements, and all the other Loan Documents to be immediately due and payable. Upon such a declaration, the unpaid principal balance of the loans Loans and all such other amounts will shall become immediately due and payable, without protest, presentment, demand, or further notice of any kind, all of which are hereby expressly waived by the Borrower.

Appears in 1 contract

Samples: Master Loan Agreement (Warwick Valley Telephone Co)

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