Default and Remedies. (a) If an Event of Default described in Section 2.2(c)(i) and (ii) occurs, then in each such case the Secured Party may declare the Obligations to be due and payable immediately, by a notice in writing to the Company, and upon any such declaration, the Obligations shall become immediately due and payable. If an Event of Default described in Sections 2.2(c)(iii) or (iv) occurs and is continuing for the period set forth therein, then the Obligations shall automatically become immediately due and payable without declaration or other act on the part of the Secured Party.
Appears in 134 contracts
Samples: Security Agreement (SpeechSwitch, Inc.), Security Agreement (Cmark International Inc), Security Agreement (Ivoice, Inc /Nj)
Default and Remedies. (a) If an Event of Default described in Section 2.2(c)(i) and or (ii) occurs, then in each such case the Secured Party may declare the Obligations to be due and payable immediately, by a notice in writing to the Company, and upon any such declaration, the Obligations shall become immediately due and payable. If an Event of Default described in Sections 2.2(c)(iii) or (iv) occurs and is continuing for the period set forth therein, then the Obligations shall automatically become immediately due and payable without declaration or other act on the part of the Secured Party.
Appears in 15 contracts
Samples: Security Agreement (Cargo Connection Logistics Holding, Inc.), Securities Purchase Agreement (MobiVentures Inc.), Security Agreement (Feel Golf Co Inc)
Default and Remedies. (a) If an Event of Default described in Section 2.2(c)(i) and (ii) occurs, then in each such case the Secured Party may declare the Obligations to be due and payable immediately, by a notice in writing to the Company, and upon any such declaration, the Obligations shall become immediately due and payable. If an Event of Default described in Sections 2.2(c)(iii) or through (ivvi) occurs and is continuing for the period set forth therein, then the Obligations shall automatically become immediately due and payable without declaration or other act on the part of the Secured Party.
Appears in 3 contracts
Samples: Security Agreement (Nanoscience Technologies Inc), Security Agreement (Oxford Ventures Inc), Guarantor Security Agreement (Oxford Ventures Inc)
Default and Remedies. (a) If an Event of Default as defined in Section 2.2(c) and described in Section 2.2(c)(i) and (ii) occurs, then in each such case the Secured Party may declare the Obligations to be due and payable immediately, by a notice in writing to the Company, and upon any such declaration, the Obligations shall become immediately due and payable. If an Event of Default as defined in Sectin 2.2(c) and described in Sections 2.2(c)(iii) or (iv) occurs and is continuing for the period set forth therein, then the Obligations shall automatically become immediately due and payable without declaration or other act on the part of the Secured Party.
Appears in 3 contracts
Samples: Subsidiary Security Agreement (Aerotelesis Inc), Subsidiary Security Agreement (Aerotelesis Inc), Subsidiary Security Agreement (Aerotelesis Inc)
Default and Remedies. (a) If an Event of Default described in Section 2.2(c)(i) and (ii) occurs, then in each such case the Secured Party may declare the Obligations to be due and payable immediately, by a notice in writing to the CompanyDebtors, and upon any such declaration, the Obligations shall become immediately due and payable. If an Event of Default described in Sections 2.2(c)(iii) or through (ivvi) occurs and is continuing for the period set forth therein, then the Obligations shall automatically become immediately due and payable without declaration or other act on the part of the Secured Party.
Appears in 2 contracts
Samples: Securities Purchase Agreement (Charys Holding Co Inc), Securities Purchase Agreement (Charys Holding Co Inc)
Default and Remedies. (a) If an Event of Default described in Section 2.2(c)(i2(a)(i) and (ii) of the Convertible Debentures occurs, then in each such case the Secured Party may declare the Obligations to be due and payable immediately, by a notice in writing to the Company, and upon any such declaration, the Obligations shall become immediately due and payable. If an Event of Default described in Sections 2.2(c)(iii2(a)(iii) or (iv) of the Convertible Debentures occurs and is continuing for the period set forth therein, then the Obligations shall automatically become immediately due and payable without declaration or other act on the part of the Secured Party.
Appears in 2 contracts
Samples: Security Agreement (Poseidis Inc), Security Agreement (Poseidis Inc)
Default and Remedies. (a) If an Event of Default described in Section 2.2(c)(i) and (ii) occurs, then in each such case the Secured Party may declare the Obligations to be due and payable immediately, by a notice in writing to the Company, and upon any such declaration, the Obligations shall become immediately due and payable. If an Event of Default described in Sections 2.2(c)(iii) or (iv) occurs and is continuing for the period set forth therein, then the Obligations shall automatically become immediately due and payable subject to the terms of the Subordination Agreement with regard to cash payments, without declaration or other act on the part of the Secured Party.
Appears in 2 contracts
Samples: Security Agreement (Carbiz Inc), Security Agreement (Carbiz Inc)
Default and Remedies. (a) If an Event of Default as defined in Section 2.2(c) and described in Section 2.2(c)(i) and (ii) occurs, then in each such case the Secured Party may declare the Obligations to be due and payable immediately, by a notice in writing to the Company, and upon any such declaration, the Obligations shall become immediately due and payable. If an Event of Default as defined in Section 2.2(c) and described in Sections 2.2(c)(iii) or (iv) occurs and is continuing for the period set forth therein, then the Obligations shall automatically become immediately due and payable without declaration or other act on the part of the Secured Party.
Appears in 2 contracts
Samples: Security Agreement (Aerotelesis Inc), Security Agreement (Aerotelesis Inc)
Default and Remedies. (a) If an Event of Default described in Section 2.2(c)(i) and (ii) occurs, then in each such case the Secured Party may declare the Obligations to be due and payable immediately, by a notice in writing to the CompanySubsidiary, and upon any such declaration, the Obligations shall become immediately due and payable. If an Event of Default described in Sections 2.2(c)(iii) or (iv) occurs and is continuing for the period set forth therein, then the Obligations shall automatically become immediately due and payable without declaration or other act on the part of the Secured Party.
Appears in 2 contracts
Samples: Subsidiary Security Agreement (Ns8 Corp), Subsidiary Security Agreement (Ns8 Corp)
Default and Remedies. (a) If an Event of Default described in Section 2.2(c)(i) and ), (ii), (iii) or (iv) hereof occurs, then in each such case the Secured Party may declare the Obligations to be due and payable immediately, by a notice in writing to the CompanyPledgor, and upon any such declaration, the Obligations shall become immediately due and payable. If an Event of Default described in Sections 2.2(c)(iii2.2(c)(v) or (ivvi) occurs and is continuing for the period set forth therein, then the Obligations shall automatically become immediately due and payable without declaration or other act on the part of the Secured Party.
Appears in 2 contracts
Samples: Security Agreement (Novo Energies Corp), Security Agreement (New Media Lottery Services Inc)
Default and Remedies. (1) (a) If an Event of Default described in Section 2.2(c)(i) and or (ii) occurs, then in each such case the Secured Party may declare the Obligations to be due and payable immediately, by a notice in writing to the Company, and upon any such declaration, the Obligations shall become immediately due and payable. If an Event of Default described in Sections 2.2(c)(iii) or (iv) occurs and is continuing for the period set forth therein, then the Obligations shall automatically become immediately due and payable without declaration or other act on the part of the Secured Party.
Appears in 1 contract
Samples: Securities Purchase Agreement (Planetlink Communications Inc)
Default and Remedies. (a) a. If an Event of Default described in Section 2.2(c)(i) and (ii) occurs, then in each such case the Secured Party may declare the Obligations to be due and payable immediately, by a notice in writing to the Company, and upon any such declaration, the Obligations shall become immediately due and payable. If an Event of Default described in Sections 2.2(c)(iii) or (iv) occurs and is continuing for the period set forth therein, then the Obligations shall automatically become immediately due and payable without declaration or other act on the part of the Secured Party.
Appears in 1 contract
Default and Remedies. (a) If an Event of Default described in Section 2.2(c)(i) and (ii) occursof the Security Agreement between the Secured Party and the Parent (the "Security Agreement"), then in each such case the Secured Party may declare the Obligations to be due and payable immediately, by a notice in writing to the Company, and upon any such declaration, the Obligations shall become immediately due and payable. If an Event of Default described in Sections 2.2(c)(iii) or (iv) of the Security Agreement occurs and is continuing for the period set forth therein, then the Obligations shall automatically become immediately due and payable without declaration or other act on the part of the Secured Party.
Appears in 1 contract
Default and Remedies. (a) 30 If an Event of Default described in Section 2.2(c)(i) and or (ii) occurs, then in each such case the Secured Party may declare the Obligations to be due and payable immediately, by a notice in writing to the Company, and upon any such declaration, the Obligations shall become immediately due and payable. If an Event of Default described in Sections 2.2(c)(iii) or (iv) occurs and is continuing for the period set forth therein, then the Obligations shall automatically become immediately due and payable without declaration or other act on the part of the Secured Party.
Appears in 1 contract
Default and Remedies. (a) If an Event of Default described in Section 2.2(c)(i) and (ii) occurs, then in each such case the Secured Party Parties may declare the Obligations to be due and payable immediately, by a notice in writing to the Company, and upon any such declaration, the Obligations shall become immediately due and payable. If an Event of Default described in Sections 2.2(c)(iii) or (iv) occurs and is continuing for the period set forth therein, then the Obligations shall automatically become immediately due and payable without declaration or other act on the part of the Secured PartyParties.
Appears in 1 contract
Samples: Security Agreement (Inferx Corp)
Default and Remedies. (a) If an Event of Default described in Section 2.2(c)(i) and 2.2(c)(i)or (ii) occurs, then in each such case the Secured Party may declare the Obligations to be due and payable immediately, by a notice in writing to the Company, and upon any such declaration, the Obligations shall become immediately due and payable. If an Event of Default described in Sections 2.2(c)(iii) or (iv) occurs and is continuing for the period set forth therein, then the Obligations shall automatically become immediately due and payable without declaration or other act on the part of the Secured Party.
Appears in 1 contract
Samples: Security Agreement (Options Media Group Holdings, Inc.)
Default and Remedies. (a) 30 If an Event of Default described in Section 2.2(c)(i) and (ii) occurs, then in each such case the Secured Party may declare the Obligations to be due and payable immediately, by a notice in writing to the Company, and upon any such declaration, the Obligations shall become immediately due and payable. If an Event of Default described in Sections 2.2(c)(iii) or (iv) occurs and is continuing for the period set forth therein, then the Obligations shall automatically become immediately due and payable without declaration or other act on the part of the Secured Party.
Appears in 1 contract
Default and Remedies. (a) If an Event of Default described in Section 2.2(c)(i) and (ii) occurs, then in each such case the Secured Party Parties may declare the Obligations to be due and payable immediately, by a notice in writing to the Company, and upon any such declaration, the Obligations shall become immediately due and payable. If an Event of Default described in Sections 2.2(c)(iii2.2(c)(ii) or (iviii) occurs and is continuing for the period set forth therein, then the Obligations shall automatically become immediately due and payable without declaration or other act on the part of the Secured PartyParties.
Appears in 1 contract
Samples: Security Agreement (Inferx Corp)
Default and Remedies. (a) If an Event of Default described in Section 2.2(c)(i) and (ii)) occurs, then in each such case the Secured Party may declare the Obligations to be due and payable immediately, by a notice in writing to the Company, and upon any such declaration, the Obligations shall become immediately due and payable. If an Event of Default described in Sections 2.2(c)(iii2.2(c)(ii), (iii) or (iv) occurs and is continuing for the period set forth therein, then the Obligations shall automatically become immediately due and payable without declaration or other act on the part of the Secured Party.
Appears in 1 contract
Samples: Security Agreement (TurkPower Corp)
Default and Remedies. (a) If an Event of Default described in Section 2.2(c)(i) and or (ii) occurs, then in each such case the Secured Party may declare the Obligations to be due and payable immediately, by a notice in writing to the Company, and upon any such declaration, the Obligations shall become immediately due and payable. If an Event of Default described in Sections 2.2(c)(iii) or (iv) occurs and is continuing for the period set forth therein, then the Obligations shall automatically become immediately due and payable without declaration or other act on the part of the Secured Party.
Appears in 1 contract
Samples: Security Agreement (Advanced Communications Technologies Inc)