Common use of Termination and Acceleration Clause in Contracts

Termination and Acceleration. Upon the occurrence of an Event of Default, all obligations of Lender under this Agreement, and under the other Loan Documents at the election of Lender, shall cease and terminate and Lender may declare all amounts outstanding under the Note and other Loan Documents immediately due and payable in accordance with the Intercreditor Agreement and may foreclose the Loan Documents.

Termination and Acceleration. Upon the occurrence of an Event of Default, all obligations of Lender under this Agreement, and under the other Loan Documents at the election of Lender, shall cease and terminate and Lender may declare all amounts outstanding under the Note and other Loan Documents immediately due and payable in accordance with the Intercreditor Agreement and may foreclose on the Loan DocumentsLoan(s).