Common use of Consequences of Event of Default Clause in Contracts

Consequences of Event of Default. (a) If an Event of Default specified under clauses (a) through (g) of Section 9.01 shall occur and be continuing, Lender may (i) declare the Loan, together with interest thereon, plus premium and all other liabilities of Borrower hereunder and under the Note to be immediately due and payable, without presentment, demand, protest or further notice of any kind, all of which are hereby expressly waived, and (ii) terminate its commitment to make the Loan and terminate any commitment to advance money or extend credit to or for the benefit of Borrower pursuant to any other agreement or commitment extended by Lender to Borrower. (b) If an Event of Default specified under clause (h) or (i) of Section 9.01 shall occur, then immediately and without notice (i) the Loan, together with interest thereon, plus premium, and all other liabilities of Borrower hereunder and under the other Operative Documents shall automatically become due and payable, without presentment, demand, protest or notice of any kind, all of which are hereby expressly waived, and (ii) Lender's commitment hereunder to make the Loan and any other commitment of Lender to Borrower to advance money or extend credit pursuant to any other agreement or commitment shall be terminated.

Appears in 2 contracts

Samples: Loan and Security Agreement (Signal Pharmaceuticals Inc), Loan and Security Agreement (Signal Pharmaceuticals Inc)

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Consequences of Event of Default. (a) If an Event of Default specified under any of clauses (a) through (g) or (j) of Section 9.01 shall occur and be continuing, Lender may (i) declare the Loan, together with interest thereon, plus premium and all other liabilities of Borrower hereunder and under the Note other Operative Documents to be immediately due and payable, without presentment, demand, protest or further notice of any kind, all of which are hereby expressly waived, and (ii) terminate its commitment to make the Loan and terminate any commitment to advance money or extend credit to or for the benefit of Borrower pursuant to any other agreement or commitment extended by Lender to Borrower. (b) If an Event of Default specified under clause (h) or (i) of Section 9.01 shall occur, then immediately and without notice (i) the Loan, together with interest thereon, plus premium, and all other liabilities of Borrower hereunder and under the other Operative Documents shall automatically become due and payable, without presentment, demand, protest or notice of any kind, all of which are hereby expressly waived, and (ii) Lender's commitment hereunder to make the Loan and any other commitment of Lender to Borrower to advance money or extend credit pursuant to any other agreement or commitment shall be terminated.

Appears in 2 contracts

Samples: Loan and Security Agreement (Pharsight Corp), Loan and Security Agreement (Pharsight Corp)

Consequences of Event of Default. (a) If an Event of Default specified under and of clauses (a) through (gf) of Section 9.01 shall occur and be continuing, Lender Bank may (i) declare the LoanLoans, together with interest thereon, plus premium and all other liabilities of Borrower the Borrowers hereunder and under the Note other Operative Documents to be immediately due and payablepayable 180 days after the Event of Default, without presentment, demand, protest or further notice of any kind, all of which are hereby expressly waived, and (ii) terminate its commitment to make the Loan Loans and terminate any commitment to advance money or extend credit to or for the benefit of Borrower the Borrowers pursuant to any other agreement or commitment extended by Lender Bank to BorrowerBorrowers. (b) If an Event of Default specified under clause (hg) or (ih) of Section 9.01 shall occur, then immediately and without notice (i) the LoanLoans, together with interest thereon, plus premium, and all other liabilities of Borrower the Borrowers hereunder and under the other Operative Documents shall automatically become due and payable, without presentment, demand, protest or notice of any kind, all of which are hereby expressly waived, and (ii) LenderBank's commitment hereunder to make the Loan and any other commitment of Lender Bank to Borrower the Borrowers to advance money or extend credit pursuant to any other agreement or commitment shall be terminated.

Appears in 1 contract

Samples: Subordinated Credit Agreement (Chadmoore Wireless Group Inc)

Consequences of Event of Default. (a) If an Event of Default -------------------------------- specified under clauses (a) through (gf) of Section 9.01 shall occur and be ----------------------- ------------ continuing, Lender may (i) declare the Loan, together with interest thereon, plus premium the Make-Whole Premium and all other liabilities of Borrower hereunder and under the Note other Operative Documents to be immediately due and payable, without presentment, demand, protest or further notice of any kind, all of which are hereby expressly waived, and (ii) terminate its commitment to make the Loan and terminate any commitment to advance money or extend credit to or for the benefit of Borrower pursuant to any other agreement or commitment extended by Lender to Borrower. (b) If an Event of Default specified under clause (hg) or (ih) of Section ---------------------------- 9.01 shall occur, then immediately and without notice (i) the Loan, together ---- with interest thereon, plus premium, and all other liabilities of Borrower hereunder and under the other Operative Documents shall automatically become due and payable, without presentment, demand, protest or notice of any kind, all of which are hereby expressly waived, and (ii) Lender's commitment hereunder to make the Loan and any other commitment of Lender to Borrower to advance money or extend credit pursuant to any other agreement or commitment shall be terminated.

Appears in 1 contract

Samples: Loan and Security Agreement (Corsair Communications Inc)

Consequences of Event of Default. (a) If an Event of Default specified under clauses (a) through (gi) of Section 9.01 shall occur and be continuing, Lender may (i) declare the Loan, together with interest thereon, plus premium Loan Value of the Loan Amount of each Loan and all other liabilities of Borrower hereunder and under the Note other Operative Documents to be immediately due and payable, without presentment, demand, protest or further notice of any kind, all of which are hereby expressly waived, and (ii) terminate its commitment to make the Loan Loans hereunder and terminate any commitment to advance money or extend credit to or for the benefit of Borrower pursuant to any other agreement or commitment extended by Lender to Borrower. (b) If an Event of Default specified under clause (hj) or (ik) of Section 9.01 shall occur, then immediately and without notice (i) the Loan, together with interest thereon, plus premium, Loan Value of the Loan Amount of each Loan and all other liabilities of Borrower hereunder and under the other Operative Documents shall automatically become due and payable, without presentment, demand, protest or notice of any kind, all of which are hereby expressly waived, and (ii) Lender's ’s commitment hereunder to make the Loan Loans and any other commitment of Lender to Borrower to advance money or extend credit pursuant to any other agreement or commitment shall be terminated.

Appears in 1 contract

Samples: Equipment Loan and Security Agreement (Atheros Communications Inc)

Consequences of Event of Default. (a) If an Event of Default -------------------------------- specified under clauses (a) through (gf) of Section 9.01 shall occur and be ----------------------- ------------ continuing, Lender may (i) declare the Loan, together with interest thereon, plus premium the Make-Whole Premium and all other liabilities of Borrower hereunder and under the Note other Operative Documents to be immediately due and payable, without presentment, demand, protest or further notice of any kind, all of which are hereby expressly waived, and (ii) terminate its commitment to make the Loan and terminate any commitment to advance money or extend credit to or for the benefit of Borrower pursuant to any other agreement or commitment extended by Lender to Borrower. (b) If an Event of Default specified under clause (hg) or (ih) of Section -------------------- Section 9.01 shall occur, then immediately and without notice (i) the Loan, ------------ together with interest thereon, plus premium, and all other liabilities of Borrower hereunder and under the other Operative Documents shall automatically become due and payable, without presentment, demand, protest or notice of any kind, all of which are hereby expressly waived, and (ii) Lender's commitment hereunder to make the Loan and any other commitment of Lender to Borrower to advance money or extend credit pursuant to any other agreement or commitment shall be terminated.

Appears in 1 contract

Samples: Loan and Security Agreement (Corsair Communications Inc)

Consequences of Event of Default. (a) If an Event of Default specified under clauses (a) through (gf) of Section 9.01 shall occur and be continuing, Lender may (i) declare the Loan, together with interest thereon, plus premium Loan Value of the Loan Amount of each Loan and all other liabilities of Borrower hereunder and under the Note other Operative Documents to be immediately due and payable, without presentment, demand, protest or further notice of any kind, all of which are hereby expressly waived, and (ii) terminate its to commitment to make the Loan Loans here under and terminate any commitment to advance money or extend credit to or for the benefit of Borrower pursuant to any other agreement or commitment extended by Lender to Borrower. (b) If an Event of Default specified under clause (hg) or (ih) of Section 9.01 shall occur, then immediately and without notice nonce (i) the Loan, together with interest thereon, plus premium, Loan Value of the Loan Amount of each Loan and all other liabilities of Borrower hereunder and under the other Operative Documents shall automatically become due and payable, without presentment, demand, protest or notice of any kind, all of which are hereby expressly waived, and (ii) Lender's commitment hereunder to make the Loan Loans and any other commitment of Lender to Borrower to advance money or extend credit pursuant to any other agreement or commitment shall be terminated.

Appears in 1 contract

Samples: Loan and Security Agreement (Netscreen Technologies Inc)

Consequences of Event of Default. (a) If an Event of Default specified under clauses (a) through (gj) of Section 9.01 shall occur and be continuing, Lender may (i) declare the Loan, together with interest thereon, plus premium Loan Value of the Loan Amount of each Loan and all other liabilities of Borrower hereunder and under the Note other Operative Documents to be immediately due and payable, without presentment, demand, protest or further notice of any kind, all of which are hereby expressly waived, and (ii) terminate its commitment to make the Loan Loans hereunder and terminate any commitment to advance money or extend credit to or for the benefit of Borrower pursuant to any other agreement or commitment extended by Lender to Borrower. (b) If an Event of Default specified under clause (hk) or (il) of Section 9.01 shall occur, then immediately and without notice (i) the Loan, together with interest thereon, plus premium, Loan Value of the Loan Amount of each Loan and all other liabilities of Borrower hereunder and under the other Operative Documents shall automatically become due and payable, without presentment, demand, protest or notice of any kind, all of which are hereby expressly waived, and (ii) Lender's commitment hereunder to make the Loan Loans and any other commitment of Lender to Borrower to advance money or extend credit pursuant to any other agreement or commitment shall be terminated.

Appears in 1 contract

Samples: Equipment Loan and Security Agreement (Metabasis Therapeutics Inc)

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Consequences of Event of Default. (a) If an Event of Default specified under any of clauses (a) through (g) or (j) of Section 9.01 shall occur and be continuing, Lender may (i) declare the Loan, together with interest thereon, plus premium the Applicable Premium and all other liabilities of Borrower hereunder and under the Note other Operative Documents to be immediately due and payable, without presentment, demand, protest or further notice of any kind, all of which are hereby expressly waived, and (ii) terminate its commitment to make the Loan and terminate any commitment to advance money or extend credit to or for the benefit of Borrower pursuant to any other agreement or commitment extended by Lender to Borrower. (b) If an Event of Default specified under clause (h) or (i) of Section 9.01 shall occur, then immediately and without notice (i) the Loan, together with interest thereon, plus premiumthe Applicable Premium, and all other liabilities of Borrower hereunder and under the other Operative Documents shall automatically become due and payable, without presentment, demand, protest or notice of any kind, all of which are hereby expressly waived, and (ii) Lender's commitment hereunder to make the Loan and any other commitment of Lender to Borrower to advance money or extend credit pursuant to any other agreement or commitment shall be terminated.

Appears in 1 contract

Samples: Loan and Security Agreement (Packeteer Inc)

Consequences of Event of Default. (a) If an Event of Default specified under clauses (a) through (gf) of Section 9.01 shall occur and be continuing, Lender may (i) declare the Loan, together with interest thereon, plus premium Loan Value of the Loan Amount of each Loan and all other liabilities of Borrower hereunder and under the Note other Operative Documents to be immediately due and payable, without presentment, demand, protest or further notice of any kind, all of which are hereby expressly waived, and (ii) terminate its commitment to make Loans hereunder and under the Loan Note and terminate any commitment to advance money or extend credit to or for the benefit of Borrower pursuant to any other agreement or commitment extended by Lender to Borrower. (b) If an Event of Default specified under clause (hg) or (ih) of Section 9.01 shall occur, then immediately and without notice (i) the Loan, together with interest thereon, plus premium, Loan Value of the Loan Amount of each Loan and all other liabilities of Borrower hereunder and under the other Operative Documents shall automatically become due and payable, without presentment, demand, protest or notice of any kind, all of which are hereby expressly waived, and (ii) Lender's commitment hereunder to make the Loan Loans and any other commitment of Lender to Borrower to advance money or extend credit pursuant to any other agreement or commitment shall be terminated.

Appears in 1 contract

Samples: Loan and Security Agreement (Virologic Inc)

Consequences of Event of Default. (a) If an Event of Default specified under clauses (a) through (g) of Section 9.01 shall occur and be continuing, Lender may (i) declare the Loan, together with interest thereon, plus premium and all other liabilities of Borrower hereunder and under the Note other Operative Documents to be immediately due and payable, without presentment, demand, protest or further notice of any kind, all of which are hereby expressly waived, and (ii) terminate its commitment to make the Loan and terminate any commitment to advance money or extend credit to or for the benefit of Borrower pursuant to any other agreement or commitment extended by Lender to Borrower. (b) If an Event of Default specified under clause (h) or (i) of Section 9.01 shall occur, then immediately and without notice (i) the Loan, together with interest thereon, plus premium, and all other liabilities of Borrower hereunder and under the other Operative Documents shall automatically become due and payable, without presentment, demand, protest or notice of any kind, all of which are hereby expressly waived, and (ii) Lender's commitment hereunder to make the Loan and any other commitment of Lender to Borrower to advance money or extend credit pursuant to any other agreement or commitment shall be terminated.

Appears in 1 contract

Samples: Loan and Security Agreement (Shaman Pharmaceuticals Inc)

Consequences of Event of Default. (a) If an Event of Default specified under any of clauses (a) through (g) or (j) through (l) of Section 9.01 shall occur and be continuing, Lender may (i) declare all of the LoanLoans, together with interest thereon, plus premium and all other liabilities of Borrower and Guarantor hereunder and under the Note other Operative Documents to be immediately due and payable, payable without presentment, demand, protest or further notice of any kind, all of which are hereby expressly waived, and (ii) terminate its any commitment to make the Loan and terminate any commitment to advance money or extend credit to or for the benefit of Borrower Borrowers pursuant to any other agreement or commitment extended by Lender to BorrowerBorrowers. (b) If an Event of Default specified under clause (h) or (i) of Section 9.01 shall occur, then immediately and without notice (i) all of the Loan, together with interest thereon, plus premiumLoans, and all other liabilities of Borrower and Guarantor hereunder and under the other Operative Documents shall automatically become to be immediately due and payable, payable without presentment, demand, protest or notice of any kind, all of which are hereby expressly waived, and (ii) Lender's commitment commitments hereunder to make the any Loan and any other commitment of Lender to Borrower Borrowers to advance money or extend credit pursuant to any other agreement or commitment shall be terminated.

Appears in 1 contract

Samples: Venture Loan and Security Agreement (Acusphere Inc)

Consequences of Event of Default. (a) If an Event of Default specified under any of clauses (a) through (g) ----------------------- or (j) of Section 9.01 shall occur and be continuing, Lender Lenders may (i) declare ------ ------------ the Loan, together with interest thereon, plus any premium and all other liabilities of Borrower hereunder and under the Note other Operative Documents to be immediately due and payable, without presentment, demand, protest or further notice of any kind, all of which are hereby expressly waived, and (ii) terminate its commitment to make the Loan and terminate any commitment to advance money or extend credit to or for the benefit of Borrower pursuant to any other agreement or commitment extended by Lender Lenders to Borrower. (b) If an Event of Default specified under clause (h) or (i) of Section ---------------------------- 9.01 shall occur, then immediately and without notice (i) the Loan, together ---- with interest thereon, plus premium, if any, and all other liabilities of Borrower hereunder and under the other Operative Documents shall automatically become due and payable, without presentment, demand, protest or notice of any kind, all of which are hereby expressly waived, and (ii) Lender's Lenders' commitment hereunder to make the Loan and any other commitment of Lender Lenders to Borrower to advance money or extend credit pursuant to any other agreement or commitment shall be terminated.

Appears in 1 contract

Samples: Loan and Security Agreement (Exodus Communications Inc)

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