Bank’s Remedies Sample Clauses

Bank’s Remedies. Upon the occurrence of an Event of Default and at any time thereafter whilst an Event of Default is continuing, without prejudice to any of the rights and remedies of the Agent and/or the Security Trustee and/or any Bank under any of the other Finance Documents or otherwise, the Agent may, and shall if so requested by the Majority Banks, take any one or more of the following actions:
Bank’s Remedies. In the event of (i) a default with respect to any portion --------------- of the Indebtedness or under any promissory note executed by Debtor, or (ii) a breach of any of the covenants or agreements of Guarantor contained herein, or (iii) a default or events of default under any loan agreement, credit agreement, pledge agreement, guaranty, mortgage or security agreement between or among the Debtor, the Guarantor and/or any Bank, or (iv) the sale, exchange or transfer of any of the interest of Guarantor in the Debtor, or (v) the business failure of Debtor or Guarantor or (vi) the appointment of a receiver, trustee, custodian or liquidator of any part of the property or assets of Debtor or Guarantor or (vii) the commencement of any proceedings under any bankruptcy or insolvency laws by or against Debtor or Guarantor if not dismissed within 90 days, and even if such event shall occur at a time when any of the Indebtedness may not be due and payable, Guarantor agrees to pay the Banks forthwith the full amount which would be payable hereunder by Guarantor if all of the Indebtedness were then due and payable.
Bank’s Remedies. Upon the occurrence of an Event of Default, and at any time thereafter, the Bank may, at the same or different times, take one or more of the following actions:
Bank’s Remedies. In case one or more Events of Default shall have occurred, the Bank may terminate the Commitment and declare the entire Outstanding Balance to be immediately due and payable, whereupon the maturity of the then Outstanding Balance shall be accelerated and all principal, interest accrued thereon and all other amounts due hereunder shall forthwith become due and payable, and the Bank shall have the following rights and remedies, all such rights and remedies and the actions contemplated by Sections 7.3 - 7.6 hereof being specifically subject to and modified by the Multi-Party Agreement:
Bank’s Remedies. Immediately upon or any time after the occurrence of any Event of Default hereunder, Lender may exercise any remedy available at law or in equity, including but not limited to those listed below and those listed in the other Loan Documents, in such sequence or combination as Lender may determine in Lender's sole discretion:
Bank’s Remedies. The remedies of Bank provided herein and in the Security Documents and the warrants of attorney herein or therein contained, shall be cumulative and concurrent, and may be pursued singly, successively and together at the sole discretion of Bank, and may be exercised as often as occasion therefor shall occur; and the failure to exercise any such right or remedy shall in no event be construed as a waiver or release of the same.
AutoNDA by SimpleDocs
Bank’s Remedies. In the event that any payment hereunder is not made when due or demanded, Bank may, immediately or any time thereafter, exercise any or all of its rights hereunder or under any agreement or otherwise under applicable law against Borrower, against any person liable, either absolutely or contingently, for payment of any indebtedness evidenced hereby, and in any collateral, and such rights may be exercised in any order and shall not be prejudiced by any delay in Bank's exercise thereof. At any time after such non-payment, Bank may, at its option and upon five days written notice to Borrower, begin accruing interest on this Note at a rate not to exceed five percent (5%) per annum in excess of the rate of interest provided for above on the unpaid principal balance hereof; provided, however, that no such interest shall accrue hereunder in excess of the maximum rate permitted by law. All such additional interest shall be payable upon demand. NOTICE TO BORROWER - Any notice required to be given by Bank under the provisions of this Note shall be effective as to each Borrower when addressed to Borrower and deposited in the mail, postage prepaid, for delivery by first class mail at Borrower's mailing address as it appears on Bank's records.
Bank’s Remedies. Upon the occurrence of an Event of Default and at any time thereafter whilst it is continuing, without prejudice to any of the rights and remedies of the Bank under any of the other Finance Documents or otherwise, the Bank may take any one or more of the following actions:
Bank’s Remedies. In case an Event of Default shall have occurred under Subsection 9.01(d), (i) the entire Outstanding Balance, (ii) the undrawn face amount of all Letters of Credit, (iii) all Reimbursement Obligations, all interest accrued on each of the foregoing and all other amounts due hereunder shall forthwith automatically be immediately due and payable and the Bank shall have all the rights and remedies set forth below in Subsections 9.02(b) and 9.02(c). In case any other Event of Default shall have occurred the Bank shall have the following rights and remedies:
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!