Common use of Action in Bankruptcy Clause in Contracts

Action in Bankruptcy. If any Event of Default described in Section 7.1(a) shall occur, the outstanding principal amount of the Note, and all accrued and unpaid interest thereon, shall automatically become immediately due and payable, without notice, demand or presentment.

Appears in 6 contracts

Samples: Note Purchase Agreement, Convertible Note Purchase Agreement (Marrone Bio Innovations Inc), Convertible Note Purchase Agreement (Marrone Bio Innovations Inc)

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Action in Bankruptcy. If any Event of Default described in Section 7.1(a) shall occur, the outstanding principal amount of the NoteNotes, and all accrued and unpaid interest thereon, shall automatically become immediately due and payable, without notice, demand or presentment.

Appears in 2 contracts

Samples: Credit Facility Agreement (Marrone Bio Innovations Inc), Credit Facility Agreement (Marrone Bio Innovations Inc)

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Action in Bankruptcy. If any Event of Default described in Section 7.1(aSECTION 9.1(A) shall occur, the aggregate outstanding principal amount of the Noteall outstanding Loans, and all accrued and unpaid interest thereon, shall automatically become immediately due and payable, without notice, demand or presentment.

Appears in 1 contract

Samples: Loan Agreement (Ivivi Technologies, Inc.)

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