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.

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.

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 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.

Appears in 1 contract

Samples: Subordination Agreement (Packeteer 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.

Appears in 1 contract

Samples: Loan and Security Agreement (Shaman Pharmaceuticals Inc)

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Consequences of Event of Default. (a) If an Event of Default specified under clauses CLAUSES (a) through THROUGH (gk) of Section 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.by

Appears in 1 contract

Samples: Equipment Loan and Security Agreement (Mitokor)

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.

Appears in 1 contract

Samples: Subordinated Credit Agreement (Chadmoore Wireless Group Inc)

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