Common use of Acceleration of Debt Clause in Contracts

Acceleration of Debt. If any payment obligation under this Note is not paid when due, the remaining unpaid principal balance and any accrued interest shall become due immediately at the option of the Lender.

Appears in 36 contracts

Sources: Promissory Note (Luxurban Hotels Inc.), Bridge Loan Agreement (Anutra Corp), Bridge Loan Agreement (Anutra Corp)

Acceleration of Debt. If any payment obligation under this Note is not paid when due, the remaining unpaid principal balance and any accrued interest shall become due immediately at the option of the Lender.

Appears in 2 contracts

Sources: Operating Agreement (Safe & Green Development Corp), Forced Sale Agreement (Safe & Green Development Corp)

Acceleration of Debt. If any payment obligation under this Note agreement is not paid when due, the remaining remainder unpaid principal balance and any accrued interest shall become due immediately at the option of the Lender.

Appears in 2 contracts

Sources: International Baccalaureate Exam Payment Agreement, International Baccalaureate Exam Payment Agreement

Acceleration of Debt. If any payment obligation under this Note is not paid when due, the remaining unpaid principal balance and any accrued interest shall become due immediately at the option of the Lender.. ·

Appears in 2 contracts

Sources: Loan Agreement (Bright Mountain Holdings, Inc./Fl), Loan Agreement (Bright Mountain Holdings, Inc./Fl)

Acceleration of Debt. If any payment obligation under this Note is not paid when due, the remaining unpaid principal balance and any accrued interest shall become due immediately at the option of the Lender.

Appears in 2 contracts

Sources: Loan Agreement, Promissory Note

Acceleration of Debt. If any payment obligation under this Note Agreement is not paid when due, the remaining unpaid principal balance and any accrued interest shall become due immediately at the option of the Lender.

Appears in 1 contract

Sources: Payment Agreement

Acceleration of Debt. If any payment obligation under this Note is not paid when due, the remaining unpaid principal balance and any accrued interest shall premium become due immediately at the option of the Lender.

Appears in 1 contract

Sources: Promissory Note (NextTrip, Inc.)