Acceleration of Advances Clause Samples

The Acceleration of Advances clause allows a lender to demand immediate repayment of outstanding loan amounts before their scheduled due date under certain conditions, such as a borrower's default or breach of agreement. In practice, this means that if the borrower fails to meet specific obligations—like missing payments or violating covenants—the lender can require all remaining principal and interest to be paid at once, rather than over the originally agreed timeline. This clause serves to protect the lender by providing a mechanism to mitigate risk and recover funds quickly if the borrower's financial situation deteriorates.
Acceleration of Advances. Declare the unpaid amount of all Advances and all other amounts payable by the Borrower hereunder to be due whereupon the same shall be immediately due and payable without presentment, demand, protest or other notice of any kind, all of which are hereby waived by the Borrower.
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Acceleration of Advances. If the Lender considers that its best interests and the best interests of Completion of the Improvements lies in accelerating the amounts to be advanced pursuant to paragraph (a) of Section 2.05 hereof, it shall be entitled to do so and no Person dealing with the Borrower or the Contractor or any other Person shall have standing to demand any different performance from the Lender. The Lender may also disburse proceeds of the Loan, at its option, directly to the Contractor and/or subcontractors.
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Acceleration of Advances. Notwithstanding anything in Section 8.2(a) of the Revolving Credit Agreement or the Term Credit Agreement to the contrary, Revolving Advances and Term Loan Advances and all other amounts owed under the Revolving Loan Documents and Term Loan Documents may not be declared due and payable without the prior consent of the Required Lenders.
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Acceleration of Advances. Upon acceleration of any Advance, Borrower shall pay to Lender: (a) the entire unpaid principal balance of the Advances; (b) all Accrued Interest (calculated through the last day of the month in which the acceleration occurs); (c) the Prepayment Premium; and (d) all other Indebtedness.
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Acceleration of Advances. If following the occurrence of an Event of Default continuing uncured beyond any grace or notice period the Lender considers that its best interests and the best interests of Completion of the Improvements lies in accelerating the amounts to be advanced pursuant to paragraph (a) of Section 2.05 hereof, it shall be entitled to do so and no Person dealing with the Borrower or the Contractor or any other Person shall have standing to demand any different performance from the Lender. The Lender may also, while such Event of Default continues uncured, disburse Construction Advances, at its option, directly to the Contractor and/or subcontractors.
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Related to Acceleration of Advances

  • Repayment of Advances If the identity of the Servicer shall change, the predecessor Servicer shall be entitled to receive reimbursement for outstanding and unreimbursed Simple Interest Advances made pursuant to Section 4.4 by the predecessor Servicer.

  • CESSATION OF ADVANCES If Lender has made any commitment to make any Loan to Borrower, whether under this Agreement or under any other agreement, Lender shall have no obligation to make Loan Advances or to disburse Loan proceeds if: (A) Borrower or any Guarantor is in default under the terms of this Agreement or any of the Related Documents or any other agreement that Borrower or any Guarantor has with Lender; (B) Borrower or any Guarantor dies, becomes incompetent or becomes insolvent, files a petition in bankruptcy or similar proceedings, or is adjudged a bankrupt; (C) there occurs a material adverse change in Borrower’s financial condition, in the financial condition of any Guarantor, or in the value of any Collateral securing any Loan; or (D) any Guarantor seeks, claims or otherwise attempts to limit, modify or revoke such Guarantor’s guaranty of the Loan or any other loan with Lender; or (E) Lender in good ▇▇▇▇▇ ▇▇▇▇▇ itself insecure, even though no Event of Default shall have occurred.

  • Acceleration of Loans Declare the unpaid principal of and any accrued interest in respect of all Loans and any and all other Borrower Obligations of any and every kind owing by the Borrower to the Administrative Agent or the Lenders under the Loan Documents to be due, whereupon the same shall be immediately due and payable without presentment, demand, protest or other notice of any kind, all of which are hereby waived by the Borrower.

  • Prepayment of Advances No Borrower shall have the right to prepay any principal amount of any Advances other than as provided in this Section 2.07.

  • Acceleration of Loan On the service of a notice under paragraph (a)(ii) of Clause 19.2, the Loan, all accrued interest and all other amounts accrued or owing from the Borrower or any Security Party under this Agreement and every other Finance Document shall become immediately due and payable or, as the case may be, payable on demand.