DEFAULT AND ACCELERATION definition

DEFAULT AND ACCELERATION. My Liabilities shall become immediately due and payable notwithstanding any inconsistent provision in any other document upon the happening of any of the following:
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DEFAULT AND ACCELERATION. The Borrower shall be in Default upon the occurrence of any one or more of any of the following events:
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DEFAULT AND ACCELERATION. Upon the occurrence of an Event of Default, Lender may, at its option, declare the entire unpaid balance of principal of and interest on this Note, as well as the unpaid principal of and interest on any other indebtedness or liability of Borrowers to Lender, immediately due and payable without notice or demand. In addition to Lender's right of set-off as provided above, Lender shall have, upon the occurrence of any Event of Default, and at any time thereafter, the remedies provided for in the Credit Agreement and any other document, agreement or instrument evidencing or otherwise relating to this Note.
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Examples of DEFAULT AND ACCELERATION in a sentence

  • DEFAULT AND ACCELERATION Time is of the essence in the payments agreed to be paid Vendor, and the performance of the agreements made for the protection of the Vendor's security, and should Vendee fail to make such payment or tender such performance when due, such failure shall constitute a default.

  • ALL SUMS OUTSTANDING UNDER THIS CONSIGNMENT FACILITY WILL BE DUE AND PAYABLE UPON THE EARLIER OF (I) THE OCCURRENCE OF AN EVENT OF DEFAULT AND ACCELERATION OF THE OBLIGATIONS BY THE CONSIGNOR, OR (II) FORTY-FIVE (45) DAYS AFTER RECEIPT OF WRITTEN NOTICE FROM THE CONSIGNOR HEREUNDER.

  • ALL CONSIGNED PRECIOUS METAL AND SUMS OUTSTANDING UNDER THE CONSIGNMENT FACILITY SHALL BE DUE AND PAYABLE UPON THE EARLIER OF (I) THE OCCURRENCE OF AN EVENT OF DEFAULT AND ACCELERATION OF THE OBLIGATIONS BY HSBC, OF (B) THIRTY (30) DAYS AFTER DEMAND BY HSBC HEREUNDER.

  • ALL CONSIGNED PRECIOUS METAL AND SUMS OUTSTANDING UNDER THE CONSIGNMENT FACILITY SHALL BE DUE AND PAYABLE UPON THE EARLIER OF (I) THE OCCURRENCE OF AN EVENT OF DEFAULT AND ACCELERATION OF THE OBLIGATIONS BY SENSATA, OF (B) TWENTY (20) DAYS AFTER DEMAND BY SENSATA HEREUNDER.

  • ALL CONSIGNED PRECIOUS METAL AND SUMS OUTSTANDING UNDER THE CONSIGNMENT FACILITY SHALL BE DUE AND PAYABLE UPON THE EARLIER OF (I) THE OCCURRENCE OF AN EVENT OF DEFAULT AND ACCELERATION OF THE OBLIGATIONS BY HSBC, OR (II) DEMAND BY HSBC HEREUNDER.

  • ALL SUMS OUTSTANDING UNDER SAID REVOLVING LOAN WILL BE DUE AND PAYABLE UPON THE EARLIER OF (1) THE OCCURRENCE OF AN EVENT OF DEFAULT AND ACCELERATION OF THE OBLIGATIONS BY THE LENDER, OR (II) THE MATURITY DATE.

  • DEFAULT AND ACCELERATION OF TIME FOR PAYMENT See Addendum "A", consisting of two (2) pages, attached hereto and incorporated herein.

  • ALL SUMS OUTSTANDING UNDER THIS CONSIGNMENT FACILITY WILL BE DUE AND PAYABLE UPON THE EARLIER OF (I) THE OCCURRENCE OF AN EVENT OF DEFAULT AND ACCELERATION OF THE OBLIGATIONS BY FPM, OR (II) SIXTY (60) DAYS AFTER RECEIPT OF WRITTEN NOTICE FROM FPM HEREUNDER.

  • Consolidated Net Worth ................................................................................................81 ARTICLE X EVENTS OF DEFAULT AND ACCELERATION 10.1. Events of Default ...........................................................................................................81 10.2.

  • ALL SUMS OUTSTANDING UNDER SAID CONSIGNMENT FACILITY WILL BE DUE AND PAYABLE UPON THE EARLIER OF (I) THE OCCURRENCE OF AN EVENT OF DEFAULT AND ACCELERATION OF THE OBLIGATIONS BY FPM, OR (II) THE MATURITY DATE.


More Definitions of DEFAULT AND ACCELERATION

DEFAULT AND ACCELERATION. No cross-default or cross-acceleration rights to the Agreement. 157 ATTACHMENT III TO CREDIT AGREEMENT TERMS OF NEW NOTES CAPITALIZED TERMS USED HEREIN WITHOUT DEFINITION SHALL HAVE THE MEANINGS GIVEN TO SUCH TERMS IN THE CREDIT AGREEMENT TO WHICH THIS ATTACHMENT III IS ATTACHED (THE "AGREEMENT").
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DEFAULT AND ACCELERATION. No cross-default or cross-acceleration rights to the Agreement. 120 Attachment II to Credit Agreement ---------------- TERMS OF CURE NOTES ------------------- Capitalized terms used herein without definition shall have the meanings given to such terms in the Credit Agreement to which this Attachment II is attached (the "Agreement"). --------- Issuer: The Borrower. Holders: Non-Debtor parties to executory contracts that are to be, or have been, assumed pursuant to the Confirmed Plan for the purpose of paying "cure amounts" as required by Section 365 of the Bankruptcy Code. Maximum Aggregate Principal Amount: $3,500,000.00. Maximum Interest Rate: 9% per annum. Minimum Term: Three years. Principal Repayment: Principal to be repaid in 12 equal quarterly installments commencing 3 months after the Plan Effective Date. Interest Payments: Accrued interest to be paid on each principal payment date. Collateral: None. Default and Acceleration: No cross-default or cross-acceleration rights to the Agreement. 121 Attachment III to Credit Agreement ---------------- TERMS OF NEW NOTES ------------------ Capitalized terms used herein without definition shall have the meanings given to such terms in the Credit Agreement to which this Attachment III is attached (the "Agreement"). ---------
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DEFAULT AND ACCELERATION. Borrower will be in default under this Note if:
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DEFAULT AND ACCELERATION. At the option of Applied Research of Maryland, Inc. the unpaid balance of this Note shall become immediately due and payable after ten (10) days written notice and failure to cure (a) if any payment required by this Note is not made when due; or (b) upon the occurrence of a default or noncompliance of any of the terms or conditions contained in the Intercompany Settlement Agreement and Security Agreement of even date herewith by and between ARInternet, Inc. and ARSoftware, Inc. and Applied Research of Maryland, Inc. WAIVER OF NOTICE AND PRESENTMENT: The Maker and any guarantors or endorsers hereof, jointly and severally, waive presentment, notice of dishonor and protest, and assent to any extension of time with respect to any payment due under this Note, to any substitution or release of collateral and to the addition or release of any party. Any waiver of any payment or any right under this Note shall not operate as a waiver of any other payment or right.
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DEFAULT AND ACCELERATION. No cross-default or cross-acceleration rights to the Agreement. 159 ATTACHMENT IV TO CREDIT AGREEMENT TERMS OF TRADE LIEN CAPITALIZED TERMS USED HEREIN WITHOUT DEFINITION SHALL HAVE THE MEANINGS GIVEN TO SUCH TERMS IN THE CREDIT AGREEMENT TO WHICH THIS ATTACHMENT IV IS ATTACHED (THE "AGREEMENT").
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DEFAULT AND ACCELERATION. Unless otherwise specified in the Election Sheet, (i) any payment default under any Specified Indebtedness with an aggregate outstanding principal balance equal to three percent (3%) of the Tangible Net Worth of such (aa) Party’s, or (bb) such Party’s Credit Support Provider (if such Party has a Credit Support Provider) or (cc) such Party’s Controlling Party (if such Party does not have a Credit Support Provider but has a Controlling Party), as the case may be, as of the date of the default, or (ii) the failure of a Party or its Credit Support Provider or Controlling Party to make one or more payments in an aggregate amount (individually or collectively) of not less than the Threshold Amount specified in the Election Sheet for that Party under such agreements or instruments entered into between such Parties or their Affiliates (after giving effect to any applicable notice requirement or grace period).
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Related to DEFAULT AND ACCELERATION

  • Acceleration Event of Default means an Event of Default under Section 5.1(a), (d), (e) or (f), whatever the reason for such Acceleration Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body.

  • Acceleration Event means the occurrence of an Event of Default (a) in respect of which Agent has declared all or any portion of the Obligations to be immediately due and payable pursuant to Section 10.2, (b) pursuant to Section 10.1(a), and in respect of which Agent has suspended or terminated the Revolving Loan Commitment pursuant to Section 10.2, and/or (c) pursuant to either Section 10.1(e) and/or Section 10.1(f).

  • Liquidity Event of Default means the occurrence of either (a) the Acceleration of all of the Equipment Notes or (b) an American Bankruptcy Event.

  • O & M Default means any default on the part of the Power Producer for a continuous period of ninety (90) days to (i) operate and/or (ii) maintain (in accordance with Prudent Utility Practices), the Project at all times.

  • Loan Event of Default An “Event of Default” as defined in the Loan Agreement.