Common use of ACCELERATION OF THE INDEBTEDNESS Clause in Contracts

ACCELERATION OF THE INDEBTEDNESS. Upon and after an Event of Default, Lender may (a) terminate the Commitment, (b) declare the outstanding principal balance together with all accrued but unpaid interest on the Indebtedness and all other sums due and payable by Borrower to Lender to be immediately due and payable, (c) charge the Default Rate of Interest, and (d) cease financing under this Agreement; provided, however, that upon the occurrence of an Event of Default listed in Sections 7.1(f) and 7.1(h) hereof the Commitment hereunder shall automatically terminate and all Indebtedness shall become due and payable, without any action, declaration, notice or demand by ▇▇▇▇▇▇.

ACCELERATION OF THE INDEBTEDNESS. Upon and after an Event of DefaultDefault and during the continuation thereof, the Lender may (a) terminate the Commitment, (b) declare the outstanding principal balance together with all accrued but unpaid interest on the Indebtedness and all other sums due and payable by Borrower to Lender to be immediately due and payable, (cb) charge the Default Rate of Interest, and (dc) cease financing under this Agreement; provided, however, that upon the occurrence of an Event of Default listed in Sections 7.1(f) and Section 7.1(h) hereof the Commitment financing hereunder shall automatically terminate and all Indebtedness shall become due and payable, without any action, declaration, notice or demand by ▇▇▇▇▇▇the Agent.