Common use of Optional Acceleration Clause in Contracts

Optional Acceleration. Upon the occurrence of an Event of Default (other than an Event of Default described in Section 8.01(m)), the Lender may by written notice to the Borrower, terminate the Facility and declare all Loans and all other Obligations to be immediately due and payable.

Appears in 6 contracts

Sources: Loan and Security Agreement (Mr. Cooper Group Inc.), Loan and Security Agreement (Mr. Cooper Group Inc.), Loan and Security Agreement (Mr. Cooper Group Inc.)

Optional Acceleration. Upon the occurrence of an Event of Default (other than an Event of Default described in Section 8.01(l) or Section 8.01(m)), the Lender may by written notice to the Borrower, terminate the Facility and declare all Loans and all other Obligations to be immediately due and payable.

Appears in 5 contracts

Sources: Loan and Security Agreement (Mr. Cooper Group Inc.), Loan and Security Agreement (Mr. Cooper Group Inc.), Loan and Security Agreement (Mr. Cooper Group Inc.)

Optional Acceleration. Upon the occurrence of an Event of Default (other than an Event of Default described in Section 8.01(m8.01(n)), the Lender may by written notice to the BorrowerBorrowers, terminate the Facility and declare all Loans and all other Obligations to be immediately due and payable.

Appears in 4 contracts

Sources: Loan and Security Agreement, Loan and Security Agreement (PennyMac Mortgage Investment Trust), Loan and Security Agreement (PennyMac Mortgage Investment Trust)

Optional Acceleration. Upon the occurrence of an Event of Default (other than an Event of Default described in Section Sections 8.01(m)) or 8.01(n), the Lender may by written notice to the BorrowerBorrowers, terminate the Facility and declare all Loans and all other Obligations to be immediately due and payable.

Appears in 2 contracts

Sources: Loan and Security Agreement (PennyMac Mortgage Investment Trust), Loan and Security Agreement (PennyMac Mortgage Investment Trust)

Optional Acceleration. Upon the occurrence of an Event of Default (other than an Event of Default described in Section 8.01(m)8.01(n), the Lender may by written notice to the Borrower, terminate the Facility and declare all Loans and all other Obligations to be immediately due and payable.

Appears in 2 contracts

Sources: Loan and Security Agreement (Pennymac Financial Services, Inc.), Loan and Security Agreement (PennyMac Mortgage Investment Trust)

Optional Acceleration. Upon the occurrence of an Event of Default (other than an Event of Default described in Section 8.01(m10.01(h)), the Lender may may, by written notice to the Borrower, terminate the Facility and the Commitment (including, without limitation, any obligation to make or fund any Loan) and declare all Loans and all other Obligations to be immediately due and payable.

Appears in 2 contracts

Sources: Loan and Security Agreement (Caliber Home Loans, Inc.), Loan and Security Agreement (Rocket Companies, Inc.)

Optional Acceleration. Upon the occurrence of an Event of Default (other than an Event of Default described in Section 8.01(m8.01(d)), the Lender may by written notice to the BorrowerBorrowers, terminate the Facility and declare all Loans and all other Obligations to be immediately due and payable.

Appears in 1 contract

Sources: Loan and Security Agreement (Residential Capital, LLC)

Optional Acceleration. Upon the occurrence of an Event of Default (other than an Event of Default described in Section Sections 8.01(m)) or 8.01(n), the Lender may by written notice to the Borrower, terminate the Facility and declare all Loans and all other Obligations to be immediately due and payable.

Appears in 1 contract

Sources: Loan Agreement (PennyMac Mortgage Investment Trust)

Optional Acceleration. Upon the occurrence of an Event of Default (other than an Event of Default described in Section 8.01(m8.01(n)), the Lender may by written notice to the Borrower, terminate the Facility and declare all Loans and all other Obligations to be immediately due and payable.

Appears in 1 contract

Sources: Loan and Security Agreement (Pennymac Financial Services, Inc.)