Acceleration and Termination of Rights. If any Event of Default occurs, the Lender may give notice to the Borrower declaring the Obligations or any of them to be forthwith due and payable, whereupon they shall become and be forthwith due and payable without presentment, demand, protest or further notice of any kind, all of which are hereby expressly waived by the Borrower.
Appears in 3 contracts
Sources: Loan Agreement (Maverick Minerals Corp), Loan Agreement (Senergy Partners LLC), Loan Agreement (Maverick Minerals Corp)