Remedies Against Defaulting Investors Sample Clauses

Remedies Against Defaulting Investors. If the Non-Defaulting Investors do not make aggregate Capital Contributions equal to the Unmet Capital Call within five (5) Business Days following receipt of a Step-up Notice, the Defaulting Investor shall immediately and without any further action by the Partnership or any Partner (a) forfeit all PIK Units issued to such Defaulting Investor (and such PIK Units shall be cancelled and no longer deemed to be outstanding); (b) cease to be entitled to any further Class B Distributions in respect of any Class B Units held by such Defaulting Investor that become due and payable after the date such Investor is deemed a Defaulting Investor; (c) forfeit its right to participate in a vote, consent or objection on matters on which such Investor would otherwise be entitled to vote, consent or object under Section 6.2(d) (and the Class B Units held by such Investor shall not be deemed outstanding for purposes of determining the Class B Majority); (d) forfeit its rights to send an Observer pursuant to Section 7.4; and become subject to the Liquidation Priority Adjustment set forth in Section 4.6(d).
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Related to Remedies Against Defaulting Investors

  • Remedies; Obtaining the Collateral Upon Default Each Assignor agrees that, if any Event of Default shall have occurred and be continuing, then and in every such case, the Collateral Agent, in addition to any rights now or hereafter existing under applicable law and under the other provisions of this Agreement, shall have all rights as a secured creditor under any UCC, and such additional rights and remedies to which a secured creditor is entitled under the laws in effect in all relevant jurisdictions and may:

  • Lenders Rights and Remedies After Default 11.1. Rights and Remedies. 94 11.2. Agent’s Discretion 96 11.3. Setoff 97 11.4. Rights and Remedies not Exclusive 97 11.5. Allocation of Payments After Event of Default 97

  • Remedies on Default Etc 31 12.1. Acceleration......................................................31

  • Rights and Remedies Upon Default Upon occurrence of any Event of Default and at any time thereafter, the Secured Party shall have the right to exercise all of the remedies conferred hereunder and under the Notes, and the Secured Party shall have all the rights and remedies of a secured party under the UCC and/or any other applicable law (including the Uniform Commercial Code of any jurisdiction in which any Collateral is then located). Without limitation, the Secured Party shall have the following rights and powers:

  • RIGHTS AND REMEDIES ON DEFAULT If an Event of Default occurs under this Agreement, at any time thereafter, Lender may exercise any one or more of the following rights and remedies: Accelerate Indebtedness. Declare all Indebtedness, including any prepayment penalty which Grantor would be required to pay, immediately due and payable, without notice of any kind to Grantor.

  • Events of Default Rights and Remedies on Default 10.1 Events of Default 10.2 Acceleration of the Obligations

  • Remedies on Default Upon the occurrence of any Event of Default, the Bank may, at its sole and absolute election, without demand and only upon such notice as may be required by law:

  • Remedies of the Trustee and Securityholders on Event of Default SECTION 5.1 Event of Default Defined; Acceleration of Maturity; Waiver of Default. "

  • Events of Default Remedies on Default Events of Default . Each of the following shall be an "Event of Default" if it occurs for any reason whatsoever, whether voluntary or involuntary, by operation of law or otherwise:

  • Remedies Standstill (a) Each Junior Priority Agent, for and on behalf of itself and the Junior Priority Creditors represented thereby, agrees that, until the Discharge of Senior Priority Obligations, such Junior Priority Agent and such Junior Priority Creditors:

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