Acceleration clause full text

5.7. Acceleration

Upon the occurrence of any of the following events, the Lender shall have the right to declare the entire outstanding principal amount, together with accrued interest and any other amounts owed under this Agreement, immediately due and payable:

If the Borrower fails to make any payment when due under this Agreement.

If the Borrower breaches any material covenant, representation, or warranty contained in this Agreement.

If the Borrower becomes insolvent or files for bankruptcy.

If there is a change of control in the ownership or management of the Borrower.