Prepayment at Secured Party's Option. If any Event of Default, other than one described in Sections 2.01 (xii) or (xiii), shall occur and be continuing, then Secured Party may declare the Termination Value to be due. Upon such declaration in writing to Debtor, the entire Termination Value shall be due, without presentment, demand, protest or other notice of any kind (all of which Debtor hereby waives).
Appears in 2 contracts
Sources: Aircraft Security Agreement (Worldwide Data Inc), Aircraft Security Agreement (Worldwide Data Inc)