Common use of Bankruptcy or Deferral of Interest Defaults Clause in Contracts

Bankruptcy or Deferral of Interest Defaults. When any Event of Default described in Subsection 4.1(f) has occurred and is continuing, then the Senior Notes, 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.

Appears in 15 contracts

Samples: Securities Purchase Agreement, Securities Purchase Agreement, Securities Purchase Agreement

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