Common use of Automatic Acceleration Clause in Contracts

Automatic Acceleration. Upon the occurrence of an Event of Default described in Section 10.1(e) with respect to the Borrower, the Termination Date shall automatically occur and the Obligations shall be immediately due and payable.

Automatic Acceleration. Upon the occurrence of an Event of Default described in Section 10.1(e) with respect to the BorrowerSECTION 9.01(e), the Termination Date shall occur automatically occur and the Obligations unpaid principal amount of the Note and the Certificates shall be immediately automatically become due and payable, together with all accrued and unpaid interest thereon, without presentment, demand, protest or notice of any kind, all of which are hereby waived by Borrower.