Common use of Acceleration Upon Event of Default Clause in Contracts

Acceleration Upon Event of Default. If any Event of Default shall have occurred and be continuing, for any reason whatsoever (and whether such occurrence shall be voluntary or involuntary or come about or be effected by operation of law or otherwise), the unpaid principal amount of, and the accrued interest on, the Notes shall automatically become immediately due and payable, without presentment, demand, protest or other requirements of any kind, all of which are hereby expressly waived by the Company.

Appears in 10 contracts

Samples: Note (Ceco Environmental Corp), Second Amended and Restated Replacement Promissory Note (Ceco Environmental Corp), Third Amended and Restated Replacement Promissory Note (Ceco Environmental Corp)

AutoNDA by SimpleDocs

Acceleration Upon Event of Default. If any Event of Default shall have occurred and be continuing, for any reason whatsoever (and whether such occurrence shall be voluntary or involuntary or come about or be effected by operation of law or otherwise), the unpaid principal amount of, and the accrued interest on, the Notes this Note shall automatically become immediately due and payable, without presentment, demand, protest or other requirements of any kind, all of which are hereby expressly waived by the Company.

Appears in 5 contracts

Samples: Note Purchase Agreement (API Technologies Corp.), Replacement Promissory Note (Ceco Environmental Corp), Note (Ceco Environmental Corp)

AutoNDA by SimpleDocs

Acceleration Upon Event of Default. If any Event of Default shall ---------------------------------- have occurred and be continuing, for any reason whatsoever (and whether such occurrence shall be voluntary or involuntary or come about or be effected by operation of law or otherwise), the unpaid principal amount of, and the accrued interest on, the Notes shall automatically become immediately due and payable, without presentment, demand, protest or other requirements of any kind, all of which are hereby expressly waived by the Company.

Appears in 3 contracts

Samples: Note (Ceco Environmental Corp), Note (Ceco Environmental Corp), Note (Ceco Environmental Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!