Common use of Event of Default Clause in Contracts

Event of Default. The occurrence of any of the following events of default ("Event of Default") shall, at the option of the Holder hereof, make all sums of principal and interest then remaining unpaid hereon and all other amounts payable hereunder immediately due and payable, upon demand, without presentment, or grace period, all of which hereby are expressly waived, except as set forth below:

Appears in 137 contracts

Samples: Subscription Agreement (Attitude Drinks Inc.), Subscription Agreement (Attitude Drinks Inc.), Asset Purchase Agreement (Appyea, Inc)

AutoNDA by SimpleDocs

Event of Default. The occurrence of any of the following events of default ("Event of Default") shall, at the option of the Holder hereof, make all sums of principal and interest then remaining unpaid hereon and all other amounts payable hereunder immediately due and payable, upon all without demand, without presentmentpresentment or notice, or grace period, all of which hereby are expressly waived, except as set forth below:

Appears in 129 contracts

Samples: Note and Security Agreement (Osage Exploration & Development Inc), Subscription Agreement (Advanced Aerodynamics & Structures Inc/), Subscription Agreement (Advanced Aerodynamics & Structures Inc/)

Event of Default. The occurrence of any of the following events of default ("Event of Default") shall, at the option of the Holder hereof, make all sums of principal and interest then remaining unpaid hereon and all other amounts payable hereunder immediately due and payable, upon demand, without presentment, or grace period, all of which hereby are expressly waived, except as set forth below:

Appears in 34 contracts

Samples: Loan Agreement (Eos Petro, Inc.), Series B Convertible Preferred Stock Purchase Agreement (Cellteck Inc.), Lowcal Agreements (Cellteck Inc.)

Event of Default. The occurrence of any of the following events of default ("Event of Default") shall, at the option of the Holder hereof, make all sums of principal Principal, interest and interest Premium then remaining unpaid hereon and all other amounts payable hereunder immediately due and payable, upon demand, without presentment, or grace period, all of which hereby are expressly waived, except as set forth below:

Appears in 16 contracts

Samples: Convertible Note (Bravo Foods International Corp), Convertible Note (Bravo Foods International Corp), Convertible Note (Wizzard Software Corp /Co)

Event of Default. The occurrence of any of the following events of default ("Event of Default") shall, at the option of the Holder hereof, make all sums of principal and interest (to the extent accrued) then remaining unpaid hereon and all other amounts payable hereunder immediately due and payable, upon demand, without presentment, or grace period, all of which hereby are expressly waived, except as set forth below:

Appears in 12 contracts

Samples: Acquisition Agreement, Asset Purchase Agreement (Smart-Tek Solutions Inc), Acquisition Agreement (Smart-Tek Solutions Inc)

Event of Default. The occurrence of any of the following events of default ("Event of DefaultEVENT OF DEFAULT") shall, at the option of the Holder hereof, make all sums of principal and interest then remaining unpaid hereon and all other amounts payable hereunder immediately due and payable, upon all without demand, without presentmentpresentment or notice, or grace period, all of which hereby are expressly waived, except as set forth below:

Appears in 10 contracts

Samples: Convertible Note (Arrin CORP), Convertible Note (Arrin CORP), Convertible Note (Ilive Inc/Nv)

Event of Default. The occurrence of any of the following events of default ("Event of Default") shall, at the option of the Holder hereof, make all sums of principal and accrued interest then remaining unpaid hereon and all other amounts payable hereunder immediately due and payable, upon demand, without presentment, presentment or grace period, all of which hereby are expressly waived, except as set forth below:

Appears in 7 contracts

Samples: Subscription Agreement (Options Media Group Holdings, Inc.), Secured Note (Wizzard Software Corp /Co), Secured Note (Stem Cell Innovations, Inc.)

Event of Default. The occurrence of any of the following events of default ("Event of Default") shall, at the option of the Holder hereof, make all sums of principal and interest then remaining unpaid hereon and all other amounts payable hereunder immediately due and payable, upon demand, without presentment, or grace period, all of which hereby are expressly waived, except as set forth below:

Appears in 5 contracts

Samples: Convertible Note (One Voice Technologies Inc), Convertible Note (One Voice Technologies Inc), Convertible Note (One Voice Technologies Inc)

Event of Default. The occurrence of any of the following events of default ("Event of Default") occurring after Closing and not otherwise disclosed on the Subscription Agreement and schedules thereto, shall, at the option of the Holder hereof, make all sums of principal and interest then remaining unpaid hereon and all other amounts payable hereunder immediately due and payable, upon demand, without presentment, presentment or grace period, all of which hereby are expressly waived, except as set forth below:

Appears in 4 contracts

Samples: Subscription Agreement (Attitude Drinks Inc.), Subscription Agreement (Attitude Drinks Inc.), Subscription Agreement (Attitude Drinks Inc.)

Event of Default. The occurrence of any of the following events of default ("Event of Default") shall, at the option of the Holder hereof, make all sums of principal and accrued interest then remaining unpaid hereon and all other amounts payable hereunder immediately due and payable, upon demand, without presentment, presentment or grace period, all of which hereby are expressly waived, except as set forth below:

Appears in 4 contracts

Samples: Convertible Note (Family Room Entertainment Corp), Convertible Note (Ever-Glory International Group, Inc.), Convertible Note (BigString CORP)

Event of Default. The occurrence of any of the following events of default ("Event of Default") shall, at the option of the Holder hereof, make all sums of principal and interest Principal then remaining unpaid hereon and all other amounts payable hereunder immediately due and payable, upon demand, without presentment, or grace period, all of which hereby are expressly waived, except as set forth below:

Appears in 3 contracts

Samples: Convertible Note (China for-Gen Corp.), Convertible Note (Long-E International, Inc.), Convertible Note (Long-E International, Inc.)

Event of Default. The occurrence of any of the following events of default ("Event of Default") occurring after Closing and not otherwise disclosed in the Subscription Agreement and schedules thereto, shall, at the option of the Holder hereof, make all sums of principal the Principal Amount and accrued but unpaid interest then remaining unpaid hereon and all other amounts payable hereunder immediately due and payable, upon demand, without presentment, presentment or grace period, all of which hereby are expressly waived, except as set forth below:

Appears in 2 contracts

Samples: Subscription Agreement (Wizard World, Inc.), Subscription Agreement (Wizard World, Inc.)

Event of Default. The occurrence of any of the following events of default ("Event of Default") shall, at the option of the Holder hereof, make all sums of principal and interest Principal then remaining unpaid hereon and all other amounts payable hereunder immediately due and payable, upon demand, without presentment, or grace period, all of which hereby are expressly waived, except as set forth below:

Appears in 2 contracts

Samples: Note Purchase Agreement (Sun New Media Inc.), Note Purchase Agreement (Sun New Media Inc.)

Event of Default. The occurrence of any of the following events of default ("Event of Default") shall, at the option of the Holder hereof, make all sums of principal and interest then remaining unpaid hereon and all other amounts payable hereunder immediately due and payable, upon demand, without presentment, presentment or grace period, all of which hereby are expressly waived, except as set forth below:

Appears in 2 contracts

Samples: Securities Purchase Agreement (InspireMD, Inc.), Subscription Agreement (Megawest Energy Corp.)

Event of Default. The occurrence of any of the following events of default ("Event of Default") shall, at the option of the Holder hereof, make all sums of principal and interest Principal then remaining unpaid hereon and all other amounts payable hereunder immediately due and payable, upon demand, without presentment, or grace period, all of which hereby are expressly waived, except as set forth below:

Appears in 2 contracts

Samples: Note Purchase Agreement (PCS Edventures Com Inc), Convertible Note (Villageedocs Inc)

Event of Default. The occurrence of any of the following events of default ("Event of Default") shall, at the option of the Holder hereof, make all sums of principal and interest then remaining unpaid hereon and all other amounts payable hereunder immediately due and payable, upon all without demand, without presentmentpresentment or notice, or grace periodperiod (except as provided herein), all of which hereby are expressly waived, except as set forth below:

Appears in 1 contract

Samples: Promissory Note (Cord Blood America, Inc.)

Event of Default. The occurrence of any of the following events of default ("Event of Default") shall, at the option of the Holder hereof, make subject to Section 3.12 below, all sums of principal and interest then remaining unpaid hereon and all other amounts payable hereunder immediately due and payable, upon all without demand, without presentmentpresentment or notice, or grace period, all of which hereby are expressly waived, except as set forth below:

Appears in 1 contract

Samples: Convertible Note (Osage Systems Group Inc)

Event of Default. The occurrence of any of the following events of default ("Event of Default") shall, at the option of the any Holder hereof, make all sums of principal and interest then remaining unpaid hereon and all other amounts payable hereunder immediately due and payable, upon demand, without presentment, or grace period, all of which hereby are expressly waived, except as set forth below:

Appears in 1 contract

Samples: Senior Secured Note (Advance Nanotech, Inc.)

Event of Default. The occurrence of any of the following events of default ("Event of Default") shall, at the option of the Holder hereof, make all sums of principal and interest then remaining unpaid hereon and all other amounts payable hereunder immediately due and payable, upon demand, without presentment, or grace period, all of which hereby are expressly waived, except as set forth belowsubject to Section 1.1 above:

Appears in 1 contract

Samples: Subscription Agreement (Trig Acquisition 1, Inc)

Event of Default. The occurrence of any of the following events of default after written notice thereof by Holder to the Borrower that any of the events in this Article have occurred ("Event of Default") shall, at the option of the Holder hereof, make all sums of principal and interest then remaining unpaid hereon and all other amounts payable hereunder immediately due and payable, upon demand, without presentment, or grace period, all of which hereby are expressly waived, except as set forth below:

Appears in 1 contract

Samples: Share Purchase Agreement (VIASPACE Inc.)

Event of Default. The occurrence of any of the following events of default ("Event of Default") shall, at the option of the Holder hereof, make all sums of principal and interest then remaining unpaid hereon and all other amounts payable hereunder immediately due and payablepayable in accordance with Article I, upon demand, without presentment, or grace period, all of which hereby are expressly waived, except as set forth below:

Appears in 1 contract

Samples: Credit Facility Agreement (Environmental Solutions Worldwide Inc)

Event of Default. The occurrence of any of the following events of default ("Event of Default") shall, at the option of the Holder hereof, make all sums of principal and interest then remaining unpaid hereon and all other amounts payable hereunder immediately due and payable, upon demand, without presentment, presentment or grace period, all of which hereby are expressly waived, except as set forth below:

Appears in 1 contract

Samples: Subscription Agreement (Vicor Technologies, Inc.)

AutoNDA by SimpleDocs

Event of Default. The occurrence of any of the following events of default ("Event of Default") shall, at the option of the Holder hereof, make all sums of principal and interest then remaining unpaid hereon and all other amounts payable hereunder immediately due and payable, upon all without demand, without presentmentpresentment or notice, or grace periodperiod (except as provided herein), all of which hereby are expressly waived, except as set forth below:: (note)

Appears in 1 contract

Samples: Promissory Note (Cord Blood America, Inc.)

Event of Default. The occurrence of any of the following events of default ("Event of Default") ”), unless timely cured as set forth herein, shall, at the option of the Holder Lender hereof, make all sums of principal and interest then remaining unpaid hereon and all other amounts payable hereunder immediately due and payable, upon demandwritten notice, however, without presentment, demand or grace period, protest all of which hereby are expressly waived, except as set forth below:

Appears in 1 contract

Samples: Promissory Note (Guardion Health Sciences, Inc.)

Event of Default. The occurrence of any of the following events of default ("Event of Default") shall, at the option of the Holder hereof, make all sums of principal and interest then the remaining unpaid hereon Principal Amount and all other amounts payable hereunder accrued but unpaid Interest immediately due and payable, upon demand, without presentment, presentment or grace period, all of which hereby are expressly waived, except as set forth below:

Appears in 1 contract

Samples: Promissory Note (Biozone Pharmaceuticals, Inc.)

Event of Default. The occurrence of any of the following events of default ("Event of Default") shall, at the option of the Holder hereof, make all sums of principal and interest then remaining unpaid hereon and all other amounts payable hereunder immediately due and payable, upon all without demand, without presentmentpresentment or notice, or grace period, all of which hereby are expressly waived, except as set forth below:;

Appears in 1 contract

Samples: Convertible Note (Globetel Communications Corp)

Event of Default. The occurrence of any of the following events of default ("Event of Default") shall, at the option of the Holder hereofMajority in Interest (as defined in the Collateral Agent Agreement discussed below), make all sums of principal and interest then remaining unpaid hereon and all other amounts payable hereunder immediately due and payable, upon all without demand, without presentmentpresentment or notice, or grace period, all of which hereby are expressly waived, except as set forth below:

Appears in 1 contract

Samples: Secured Promissory Note (Genius Products Inc)

Event of Default. The occurrence of any of the following events of default ("Event of Default") after the date hereof shall, at the option of the Holder hereof, make all sums of principal and interest then remaining unpaid hereon and all other amounts payable hereunder immediately due and payable, upon demand, without presentment, or grace period, all of which hereby are expressly waived, except as set forth below:

Appears in 1 contract

Samples: Secured Convertible Note (Voip Inc)

Event of Default. The occurrence of any of the following events of default ("Event of Default") shall, at the option of the Holder hereof, make all sums of principal and interest then remaining unpaid hereon and all other amounts payable hereunder immediately due and payable, upon all without demand, without presentmentpresentment or notice, or grace period, all of which hereby are expressly waived, except as set forth below:

Appears in 1 contract

Samples: Securities Transfer Agreement (Eroom System Technologies Inc)

Event of Default. The occurrence of any of the following events of default ("Event of Default") shall, at the option of the Holder hereof, make all sums of principal Principal, interest and interest Premium then remaining unpaid hereon and all other amounts payable hereunder immediately due and payable, upon demand, without presentment, or grace period, all of which hereby are expressly waived, except as set forth below:

Appears in 1 contract

Samples: Secured Convertible Note (Blastgard International Inc)

Event of Default. The occurrence of any of the following events of default ("Event of Default") shall, at the option of the Holder hereof, make all sums of or principal and interest then remaining unpaid hereon and all other amounts payable hereunder immediately due and payable, upon all without demand, without presentmentpresentment or notice, or grace period, all of which hereby are expressly waived, except as set forth below:

Appears in 1 contract

Samples: Subscription Agreement (Multi Media Tutorial Services Inc)

Event of Default. The occurrence of any of the following events of default ("Event of Default") shall, at the option of the Holder hereof, make all sums of principal and interest then remaining unpaid hereon and all other amounts payable hereunder under all the Notes immediately due and payable, upon demand, without presentment, or grace period, all of which hereby are expressly waived, except as set forth below:

Appears in 1 contract

Samples: Subscription Agreement (Nugen Holdings, Inc.)

Event of Default. The occurrence of any of the following events of default ("Event of Default") after the date hereof shall, at the option of the Holder hereof, make all sums of principal and interest then remaining unpaid hereon and all other amounts payable hereunder immediately due and payable, upon demand, without presentment, or grace period, all of which hereby are expressly waived, except as set forth below:

Appears in 1 contract

Samples: Secured Convertible Note (Airtrax Inc)

Event of Default. The occurrence of any of the following events of default ("Event of Default") including a Material Adverse Event, as defined in Section 3.7, shall, at the option of the Holder hereof, make all sums of or principal and interest then remaining unpaid hereon and all other amounts payable hereunder immediately due and payable, upon all without demand, without presentmentpresentment or notice, or grace period, all of which hereby are expressly waived, except as set forth below:

Appears in 1 contract

Samples: Convertible Note (Sims Communications Inc)

Event of Default. The occurrence of any of the following events of default ("Event of Default") shall, at the option of the Holder hereof, make all sums of principal and interest then remaining unpaid hereon and all other amounts payable hereunder immediately due and payable, upon demand, without presentment, presentment or grace period, all of which hereby are expressly waived, except as set forth below:

Appears in 1 contract

Samples: Leakout Agreement (China Yongxin Pharmaceuticals Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!