Common use of Acceleration and Other Remedies Clause in Contracts

Acceleration and Other Remedies. When any Event of Default has occurred and is continuing, then the CDCI Senior Subordinated Securities, including both principal and interest, and all fees, charges and other obligations payable hereunder and under the Transaction Documents, shall immediately become due and payable without presentment, demand, protest or notice of any kind. In addition, the Holders may exercise any and all remedies available to it under the Transaction Documents or applicable law.