Acceleration of Debt. If there is an Event of Default under the Note or the Loan Agreement or if an event occurs which pursuant to the Note or the Loan Agreement entitles Lender to accelerate the Loan, then, at the option of Lender, the entire indebtedness hereby secured shall become immediately due and payable without further notice.
Appears in 2 contracts
Sources: Acquisition and Construction Loan Agreement (Praecis Pharmaceuticals Inc), Mortgage Deed and Security Agreement (Emeritus Corp\wa\)