5.6 Acceleration
On and at any time after the occurrence of an Event of Default which is continuing, the Lender may by notice in writing to the Borrower:
(a) declare that all or part of the Loan and all other amounts outstanding under this Agreement be immediately due and payable, whereupon they shall become immediately due and payable; and/or
(b) declare that all or part of the Loan be payable on demand, whereupon they shall immediately become payable on demand.