Common use of Acceleration of the Liabilities Clause in Contracts

Acceleration of the Liabilities. Upon and after the occurrence of a Default, all of the monies due and payable under the Loan may, at the option of Lender and without demand, notice of legal process of any kind (including, without limitation, notice of acceleration, notice of intent to acceleration, notice of intent to accelerate or notice of intent to demand), be declared, and immediately shall become due and payable; provided, however, that upon the occurrence of a Default under Sections 7.1 hereof, all of the monies due any payable under the Loan shall automatically and immediately become due and payable without demand, notice or legal process of any kind.

Acceleration of the Liabilities. Upon and after the occurrence of a Default, all of the monies due and any payable under the Loan may, at the option of Lender and without demand, notice notice, of legal process of any kind kind, (including, including without limitation, limitation notice of acceleration, notice of intent to acceleration, notice of intent to accelerate or notice of intent to demand), be declared, and immediately shall become due and payable; provided, ; however, that upon the occurrence of a Default under Sections 7.1 hereof, all of the monies due any payable under the Loan shall automatically and immediately become due and payable without demand, notice or legal process of any kind.