Acceleration of Obligations Sample Clauses

Acceleration of Obligations. Declare all Obligations, whether evidenced by this Agreement, by any of the other Loan Documents, or otherwise, including (i) any accrued and unpaid interest, (ii) the amounts which would have otherwise come due under Section 2.3(b)(ii) if the Loans had been voluntarily prepaid, (iii) the unpaid principal balance of the Loans and (iv) all other sums, if any, that shall have become due and payable hereunder, immediately due and payable (provided that upon the occurrence of an Event of Default described in Section 8.12 or 8.13 all Obligations shall become immediately due and payable without any action by Lender);

Acceleration of Obligations. Upon the Maturity Date or the occurrence of any of the events identified in Sections 4.1(a) through 4.1(e) and 4.1(g), and the passage of any applicable cure periods, the Bank may at any time thereafter, by written notice to the Borrower, declare the unpaid principal balance of any Obligations, together with the interest accrued thereon and other amounts accrued hereunder and under the other Loan Documents, to be immediately due and payable; and the unpaid balance will thereupon be due and payable, all without presentation, demand, protest or further notice of any kind, all of which are hereby waived, and notwithstanding anything to the contrary contained herein or in any of the other Loan Documents. Upon the occurrence of any event under Section 4.1(f), the unpaid principal balance of any Obligations, together with all interest accrued thereon and other amounts accrued hereunder and under the other Loan Documents, will thereupon be immediately due and payable, all without presentation, demand, protest or notice of any kind, all of which are hereby waived, and notwithstanding anything to the contrary contained herein or in any of the other Loan Documents. NOTHING CONTAINED IN SECTION 4.1, SECTION 4.2 OR THIS SECTION WILL LIMIT THE BANK'S RIGHT TO SETOFF AS PROVIDED IN SECTION 3.3 OR OTHERWISE IN THIS AGREEMENT.

Acceleration of Obligations. Upon the occurrence of any Event of Default: (a) As to any Event of Default (other than an Event of Default under section 4.1(c)) and at any time thereafter during which such Event of Default is continuing, and in each case, the Lender may, by written notice to the Company, immediately declare the unpaid principal balance of the Note, together with all interest accrued thereon, to be immediately due and payable; and the unpaid principal balance of and accrued interest on such Note shall thereupon be due and payable without further notice of any kind, all of which are hereby waived, and notwithstanding anything to the contrary herein or in the Note contained; (b) As to any Event of Default under section 4.1(c), the unpaid principal balance of the Note, together with all interest accrued thereon, shall immediately and forthwith be due and payable, all without presentment, demand, protest, or further notice of any kind, all of which are hereby waived, notwithstanding anything to the contrary herein or in the Note contained; and (c) As to each Event of Default, the Lender shall have all the remedies for default provided by applicable law.

Acceleration of Obligations. Declare any and all Obligations to be immediately due and payable, and the same shall thereupon become immediately due and payable without further notice or demand.

Acceleration of Obligations. Bank may, at its option, accelerate and declare immediately due and payable the Obligations, as well as any of and all of the other indebtedness and obligations owing under this Agreement and the other Loan Documents that are not already due hereunder and that are not already due thereunder. If there is more than one Obligation, Bank may accelerate and declare immediately due and payable all of the Obligations, or Bank may from time to time and at any number of times after the occurrence of an Event of Default, accelerate and declare immediately due and payable any one or more of the Obligations as Bank in its discretion elects to accelerate (provided that upon the occurrence of an Event of Default described in Section 8 under the heading “Insolvency”, all Obligations shall become immediately due and payable without any action by Bank).

Acceleration of Obligations. Declare all Obligations, whether evidenced by this Agreement, by any of the other Loan Documents, or otherwise, including (i) any accrued and unpaid interest, (ii) the unpaid principal balance of the Loans and (iii) all other sums, if any, that shall have become due and payable hereunder, immediately due and payable (provided that upon the occurrence of an Event of Default described in Section 8.10 or 8.11 all Obligations shall become immediately due and payable without any action by Agent or any of the Lenders);

Acceleration of Obligations. If at any time there shall have occurred an Event of Default with respect to any Debt Securities constituting a part of any Units that has resulted in the principal of any Debt Securities being declared due and payable immediately pursuant to Section 5.1 of the Indenture, then the Holders of not less than 25% of all Unsettled Purchase Contracts constituting a part of any Units comprising Debt Securities subject to such declaration may on behalf of all Holders of such Unsettled Purchase Contracts by notice in writing to the Corporation and Agent declare the obligations of such Holders to purchase or sell, as the case may be, and of the Corporation to sell or purchase, as the case may be, the quantity of Purchase Contract Property specified pursuant to Section 3.02 under each such Unsettled Purchase Contract to be accelerated to the date of such declaration and, upon any such declaration, such obligations shall be so accelerated. The foregoing provision is subject to the condition that if, at any time prior to settlement of such Purchase Contracts, the declaration with respect to Debt Securities referred to in the immediately preceding sentence and its consequences are rescinded and annulled in accordance with Section 5.1 of the Indenture, the acceleration of the obligations with respect to Unsettled Purchase Contracts referred to in the immediately preceding sentence and its consequences may be annulled and rescinded by vote of the Holders of not less than 25% of all affected Unsettled Purchase Contracts Outstanding.

Acceleration of Obligations. (a) If (i) a Promissory Note is issued to either Stockholder pursuant to SECTION 2.7 above and is not paid in full (including accrued interest) within twelve (12) months of the original date of issuance, (ii) WMT fails to timely deliver a Promissory Note to either Stockholder as required by SECTION 2.7 above, -5- CONFIDENTIAL TREATMENT (iii) WMT materially breaches the covenants set forth in SECTION 7.9 hereof, (iv) WMT does not timely pay the Adjustment Amount as set forth in SECTION 2.55, (v) WMT fails to timely pay accrued interest, when due, on any Promissory Note issued pursuant to SECTION 2.7, or (vi) in the event any insolvency or bankruptcy case or proceeding, or any receivership, liquidation or other similar case or proceeding in connection therewith, is filed by WMT or with respect to WMT by its creditors. and, after compliance with the procedures and providing the opportunity to cure as set forth in SECTIONS 2.8(B), (C) and (D) and (E) below, such act or omission has not been, or cannot be, cured or corrected, each affected Stockholder may, in his sole discretion, declare all unpaid Installment Payments, Earn-out Payments and Promissory Notes in default and demand payment pursuant to this SECTION 2.8(A) by providing WMT with a notice of its intent to so accelerate such obligations (the "Acceleration Notice"). WMT shall, within thirty (30) days of the receipt of the Acceleration Notice, pay, in a lump sum, (A) to Stockholder 1 (if there shall be a default in the obligations to Stockholder 1), the aggregate amount of $4,550,000 plus accrued interest, if any, on outstanding Promissory Notes originally issued to Stockholder 1 minus any Installment Payments or Earn-out Payments or principal payments on Promissory Notes received by Stockholder 1 or any assignee thereof prior to such date, and to Stockholder 2 (if there shall be a default in the obligations to Stockholder 2), an aggregate amount equal to $7,800,000 plus accrued interest, if any, on outstanding Promissory Notes originally issued to Stockholder 2 minus any Installment Payments or Earn-out Pay Payments or principal payments on Promissory Notes received by Stockholder 2 or any assignee thereof prior to such date. Upon such payment, the Installment Payment and the Earn-out Payment, and any related outstanding Promissory Note, shall be deemed satisfied in full. Such payments under this SECTION 2.8(A) are in lieu of any further Installment Payments, Earn-out Payments, payments under the Promi...

Acceleration of Obligations. Upon the occurrence of an event of default as provided in Section 5(a) above and the passage of any applicable cure periods, the Secured Party may at any time thereafter, by written notice to Pledgor, declare the unpaid principal balance of any Obligations, together with the interest accrued thereon and other amounts accrued hereunder, to be immediately due and payable; and the unpaid balance will thereupon be due and payable, all without presentation, demand, protest or further notice of any kind, all of which are hereby waived, and notwithstanding anything to the contrary contained herein or in any of the other Loan Documents. Notwithstanding the above, to the extent any of the Obligations referred to herein are payable upon demand, nothing herein will restrict nor negate the demand nature of such Obligations.