Common use of Acceleration and Sale Clause in Contracts

Acceleration and Sale. Secured Party may, at its option, declare all or any part of the Note immediately due and payable. Secured Party may, without further notice or demand and without legal process, negotiate for the sale of the Collateral.

Appears in 2 contracts

Sources: Warrant Purchase Agreement (Morellis Nona Ii Inc), Warrant Purchase Agreement (Morellis Nona Ii Inc)