- 1.
If the customer falls under any one of the following items, an acceleration shall occur for all of the obligations under this Agreement even if there is no notice or request from the Bank, in which case, the customer shall immediately repay the entire amount of such obligations:
- (1)any scheduled repayment is delayed and the customer fails to repay the entire amount by no later than the 15th day from the Scheduled Repayment Date of the month which is two months after the relevant month;
- (2)there occurs a suspension of payment or a petition is filed for bankruptcy, compulsory execution, special arbitration or commencement of civil rehabilitation proceedings, or a voluntary winding up is commenced;
- (3)a disposition for suspension of transactions is imposed by a bill clearinghouse or an electronic monetary claim recording institution;
- (4)a notice of an order for provisional attachment, preservative attachment or attachment is issued with respect to any deposit made with, or other claims owned against, the Bank;
- (5)the guarantee company designated by the Bank requests a cancellation or termination of any guarantee securing any of the obligations under this Agreement;
- (6)there occurs an acceleration for any of his/her obligations to the Bank, including, without limitation, the obligations under this Agreement; or
- (7)a notice from the Bank does not reach the customer’s registered address and the customer’s whereabouts become unclear, due to any reason attributable to the customer, such as the customer’s failure to notify the Bank of a change of address.
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- 1.
If the customer falls under any one of the following items, an acceleration shall occur for all of the obligations under this Agreement even if there is no notice or request from the Bank, in which case, the customer shall immediately repay the entire amount of such obligations:
- (1)the scheduled repayment for the current month is delayed and the customer fails to pay the scheduled repayment for the relevant month that is in arrears by no later than the 15th day from the Scheduled Repayment Date of the month which is two months after the relevant month;
- (2)there occurs a suspension of payment or a petition is filed for bankruptcy, compulsory execution, special arbitration or commencement of civil rehabilitation proceedings, or a voluntary winding up is commenced;
- (3)a disposition for suspension of transactions is imposed by a bill clearinghouse or an electronic monetary claim recording institution;
- (4)a notice of an order for provisional attachment, preservative attachment or attachment is issued with respect to any deposit made with, or other claims owned against, the Bank;
- (5)the guarantee company designated by the Bank requests a cancellation or termination of any guarantee securing any of the obligations under this Agreement;
- (6)there occurs an acceleration for any of his/her obligations to the Bank, including, without limitation, the obligations under this Agreement; or
- (7)a notice from the Bank does not reach the customer’s registered address and the customer’s whereabouts become unclear, due to any reason attributable to the customer, such as the customer’s failure to notify the Bank of a change of address.
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