RIGHT OF ACCELERATION Clause Samples
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RIGHT OF ACCELERATION. Upon the occurrence of any Event of Default and at any time thereafter, in addition to any other rights and remedies available to Allegro hereunder, Allegro may declare the entire principal amount of the Loan and all accrued and unpaid interest to be immediately due and payable, whereupon the same shall become forthwith due and payable, without presentment, demand, protest or notice of any kind.
RIGHT OF ACCELERATION. The Notes may be accelerated only in the case of an Event of Default as described above. The Indenture does not provide for any right of acceleration of the payment of the principal of the Notes upon a default in the payment of principal of or premium, if any, or interest on the Notes, or a default in the performance of any covenant or agreement in the Notes or in the Indenture. In the event of a default in the payment of principal, premium, if any, or interest, the holder of a Note (or the Trustee on behalf of the Holders of all of the Notes affected) may, subject to certain limitations and conditions, seek to enforce payment of such principal, premium or interest.
RIGHT OF ACCELERATION. If an Event of Default shall occur and be continuing, then the Holder may elect to accelerate payment of the Note. If any payment due hereunder, including those due upon acceleration, is not paid within fifteen (15) days after its due date, the entire balance of the Principal Amount and any and all accrued interest on the Principal Amount shall bear interest from the date of default until such payment (including all accrued interest on the Principal Amount through the date of payment) is paid, at the per annum rate of interest equal to twelve percent (12%); provided, however, that in no event shall such interest rate exceed the maximum rate permitted by law.
RIGHT OF ACCELERATION. If an Event of Default shall occur and be continuing pursuant to items 2(a) above, then the Holder, acting alone, may accelerate payment of this Note.
RIGHT OF ACCELERATION. The 2004 Notes may be accelerated only in the case of an Event of Default as described above. The Indenture does not provide for any right of acceleration of the payment of the principal of the 2004 Notes upon a default in the payment of principal of or premium, if any, or interest on the 2004 Notes, or a default in the performance of any covenant or agreement in the 2004 Notes or in the Indenture. In the event of a default in the payment of principal, premium, if any, or interest, the holder of a 2004 Note (or the Trustee on behalf of the Holders of all of the 2004 Notes affected) may, subject to certain limitations and conditions, seek to enforce payment of such principal, premium or interest.
RIGHT OF ACCELERATION. Upon Borrower's failure to make any payment under this Note when due or the occurrence of any other Event of Default under the Loan Agreement, Lender may, at its election and without notice to Borrower, declare the entire balance hereof immediately due and payable in full.
RIGHT OF ACCELERATION. The 2007 Notes may be accelerated only in the case of an Event of Default as described above. The Indenture does not provide for any right of acceleration of the payment of the principal of the 2007 Notes upon a default in the payment of principal of or premium, if any, or interest on the 2007 Notes, or a default in the performance of any covenant or agreement in the 2007 Notes or in the Indenture. In the event of a default in the payment of principal, premium, if any, or interest, the holder of a 2007 Note (or the Trustee on behalf of the Holders of all of the 2007 Notes affected) may, subject to certain limitations and conditions, seek to enforce payment of such principal, premium or interest.
RIGHT OF ACCELERATION. The Corporation may prepay (or accelerate payment of) the Promissory Note in whole or in part.