Common use of Accelerate Indebtedness Clause in Contracts

Accelerate Indebtedness. Lender shall have the right at its option without notice to Grantor to declare the entire Indebtedness immediately due and payable, including any prepayment penalty which Grantor would be required to pay.

Appears in 3 contracts

Sources: Deed of Trust (Rocky Mountain Chocolate Factory, Inc.), Deed of Trust, Deed of Trust

Accelerate Indebtedness. Lender shall have the right at its option without notice to Grantor to declare the entire Indebtedness immediately due and payable, including any prepayment penalty which fee that Grantor would be required to pay.

Appears in 1 contract

Sources: Commercial Security Agreement (NANOPHASE TECHNOLOGIES Corp)