Common use of Prepayment After Default Clause in Contracts

Prepayment After Default. If following the occurrence of any default under this mortgage and an exercise by Mortgagee of its option to declare the Debt immediately due, Mortgagor shall tender payment of an amount sufficient to satisfy the entire Debt at any time prior to a sale of the Mortgaged Property any such payment shall be accepted by Mortgagee only if such payment is permitted at such time under the provisions of the Credit Agreement.

Prepayment After Default. If following the occurrence of any default under this mortgage Mortgage and an exercise by Mortgagee of its option to declare the Debt immediately due, Mortgagor shall tender payment of an amount sufficient to satisfy the entire Debt at any time prior to a sale of the Mortgaged Property any such payment shall be accepted by Mortgagee only if such payment is permitted at such time under the provisions of the Credit Agreement.