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. 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 10 contracts

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

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