Common use of Acceleration of Advances Clause in Contracts

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.

Appears in 2 contracts

Sources: Master Credit Facility Agreement (Steadfast Apartment REIT, Inc.), Master Credit Facility Agreement (Brookdale Senior Living Inc.)