EVENTS OF ACCELERATION. The occurrence of any of the following shall constitute an "Event of Acceleration" by the Lender under this Agreement: ▇▇▇▇▇▇▇▇’s failure to pay any part of the principal or interest as and when due under this Agreement; or ▇▇▇▇▇▇▇▇’s becoming insolvent or not paying its debts as they become due.
Appears in 3 contracts
Sources: Personal Loan Agreement, Family Loan Agreement, Business Loan Agreement
EVENTS OF ACCELERATION. The occurrence of any of the following shall constitute an "Event of Acceleration" by the Lender under this Agreement: ▇▇▇▇▇▇▇▇Borrower’s failure to pay any part of the principal or interest as and when due under this Agreement; or ▇▇▇▇▇▇▇▇Borrower’s becoming insolvent or not paying its debts as they become due.
Appears in 2 contracts
EVENTS OF ACCELERATION. The occurrence of any of the following shall constitute an "Event of Acceleration" by the Lender under this Agreement: :
a) ▇▇▇▇▇▇▇▇’s failure to pay any part of the principal or interest as and when due under this Agreement; or or
b) ▇▇▇▇▇▇▇▇’s becoming insolvent or not paying its debts as they become due.
Appears in 2 contracts
EVENTS OF ACCELERATION. The occurrence of any of the following shall constitute an "Event of Acceleration" by the Lender under this Agreement: :
a.) ▇▇▇▇▇▇▇▇’s failure to pay any part of the principal or interest as and when due under this Agreement; or or
b.) ▇▇▇▇▇▇▇▇’s becoming insolvent or not paying its debts as they become due.
Appears in 1 contract
Sources: Loan Agreement
EVENTS OF ACCELERATION. The occurrence of any of the following shall constitute an "Event of Acceleration" by the Lender under this Agreement: :
(a) ▇▇▇▇▇▇▇▇’s failure to pay any part of the principal or interest as and when due under this Agreement; or or
(b) ▇▇▇▇▇▇▇▇’s becoming insolvent or not paying its debts as they become due.
Appears in 1 contract
Sources: Loan Agreement