Right to Accelerate. The Administrative Agent may by written notice to the Mortgagor declare immediately due and payable the Secured Obligations (whether fixed or matured or merely contingent), as well as all other amounts secured hereby, whereupon all such amounts shall become immediately due and payable without any further action or notice.
Appears in 3 contracts
Sources: Mortgage, Security Agreement, Assignment of Leases and Rents and Fixture Filing (Smith & Wesson Holding Corp), Mortgage, Security Agreement, Assignment of Leases and Rents and Fixture Filing (Smith & Wesson Holding Corp), Open End Mortgage Deed, Security Agreement, Assignment of Leases and Rents and Fixture Filing (Smith & Wesson Holding Corp)