Consequences of Event of Default- Remedies Conferred upon Holder. Upon the occurrence and during the continuation of any Event of Default, the greater of (i) the entire unpaid Principal Amount of this Note and (ii) the Prepayment Amount, together with any other Obligations hereunder may be declared by the Holder to be immediately due and payable, without presentment, demand, protest or other notice of any kind, all of which are hereby waived by the Issuer; and in the case of any event described in Section 5(a)(iv) and 5(a)(v), the greater of (i) the entire unpaid Principal Amount of this Note and (ii) the Prepayment Amount, together with any other Obligations, shall automatically become due and payable, without presentment, demand, protest or other notice of any kind, all of which are hereby waived by the Issuer.
Appears in 15 contracts
Samples: Collateral Agreement (Capital Trust Inc), Pledge and Security Agreement (Capital Trust Inc), Pledge and Security Agreement (Capital Trust Inc)
Consequences of Event of Default- Remedies Conferred upon Holder. Upon the occurrence and during the continuation of any Event of Default, the greater of (i) the entire unpaid Principal Amount of this Note and (ii) the Prepayment AmountAmount in each case, together with any other all Obligations hereunder may be declared by the Holder to be immediately due and payable, without presentment, demand, protest or other notice of any kind, all of which are hereby waived by the Issuer; and in the case of any event described in Section 5(a)(iv) and 5(a)(v), the greater of (i) the entire unpaid Principal Amount of this Note and (ii) the Prepayment AmountAmount in each case, together with any other all Obligations, shall automatically become due and payable, without presentment, demand, protest or other notice of any kind, all of which are hereby waived by the Issuer. The rights and remedies hereunder and under the other Operative Documents are cumulative and not exclusive of any rights or remedies the Holder would otherwise have.
Appears in 8 contracts
Samples: Exchange Agreement (Capital Trust Inc), Limited Liability Company Agreement (Capital Trust Inc), Capital Trust Inc