Common use of Protections Against Default Clause in Contracts

Protections Against Default. The following Protections 1 through 6 may be invoked by CEDAR, immediately and without notice to any Merchant if any Event of Default listed in Section 30 has occurred.

Appears in 8 contracts

Samples: Advance Agreement (La Rosa Holdings Corp.), Advance Agreement (Edible Garden AG Inc), Advance Agreement (Safe & Green Holdings Corp.)

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Protections Against Default. The following Protections 1 through 6 may be invoked by CEDAR, immediately and without notice to any Merchant if any Event of Default listed in Section 30 has occurred. Protection 1: The full uncollected Receivables Purchased Amount plus all fees due under this Agreement may become due and payable in full immediately.

Appears in 3 contracts

Samples: Advance Agreement (Edible Garden AG Inc), Advance Agreement (Alpine 4 Holdings, Inc.), Advance Agreement (La Rosa Holdings Corp.)

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Protections Against Default. The following Protections 1 through 6 7 may be invoked by CEDAR, immediately and without notice to any Merchant if any Event of Default listed in Section 30 has occurred.the event:

Appears in 2 contracts

Samples: Advance Agreement (Connexa Sports Technologies Inc.), Advance Agreement (Connexa Sports Technologies Inc.)

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