Common use of An Event of Default Clause in Contracts

An Event of Default. If any Event of Default shall occur, except where otherwise provided in this Agreement or the Related Documents, all commitments and obligations of Lender under this Agreement or the Related Documents or any other agreement immediately will terminate (including any obligation to make further Loan Advances or disbursements), and, at Lender’s option, all indebtedness immediately will become due and payable, all without notice of any kind to Borrower, except that in the case of an Event of Default of the type described in the “Insolvency” subsection above, such acceleration shall be automatic and not optional. In addition, Lender shall have all the rights and remedies provided in the Related Documents or available at law, in equity, or otherwise. Except as may be prohibited by applicable law, all of Lender’s rights and remedies shall be cumulative and may be exercised singularly or concurrently. Election by ▇▇▇▇▇▇ to pursue any remedy shall not exclude pursuit of any other remedy, and an election to make expenditures or to take action to perform an obligation of Borrower or of any Grantor shall not effect ▇▇▇▇▇▇’s right to declare a default and to exercise its rights and remedies.

An Event of Default. If II any Event of Default shall occur, . except where otherwise provided in this Agreement or the Related Documents, all commitments and obligations of Lender under this Agreement or the Related Documents or any other agreement immediately will terminate (including any obligation to make further Loan Advances or disbursements), and, at Lender’s option, all indebtedness Indebtedness immediately will become due and payable, all without notice of any kind to Borrower, . except that in the case of an Event of Default of the type described in the “‘Insolvency” ’ subsection above, . such acceleration shall be automatic and not optional. In addition, Lender Borrower shall have all the rights and remedies provided in the Related Documents or available at law, in equity, or otherwise. Except as may be prohibited by applicable law, all of Lender’s rights and remedies shall be cumulative and may be exercised singularly or concurrently. Election by ▇▇▇▇▇▇ to pursue any remedy shall not exclude pursuit of any other remedy, and an election to make expenditures or to take action to perform an obligation of Borrower or of any Grantor shall not effect affect ▇▇▇▇▇▇’s right to declare a default and to exercise its rights and remedies.

An Event of Default. If any Event of Default shall occur, except where otherwise provided in this Agreement or the Related Documents, Documents all commitments and obligations of Lender under this Agreement or the Related Documents or any other agreement immediately will terminate terminated (including any obligation to make further Loan Advances or disbursements), and, at Lender’s Lenders option, all indebtedness Indebtedness immediately will become due and payable, all without notice of any kind to Borrower, except that in the case of an Event of Default of the type described in the “"Insolvency” " subsection above, such acceleration shall be automatic and not optional. In addition, Lender shall have all the rights and remedies provided in the Related Documents or available at law, in equity, or otherwise. Except as may be prohibited by applicable law, all of Lender’s Lenders rights and remedies shall be cumulative and may be exercised singularly or concurrently. Election by ▇▇▇▇▇▇ Lender to pursue any remedy shall not exclude pursuit of any other remedy, and an election to make expenditures or to take action to perform an obligation of Borrower or of any Grantor shall not effect ▇▇▇▇▇▇’s affect Lenders right to declare a default and to exercise its rights and arid remedies.