Common use of Remedies Upon Events of Default Clause in Contracts

Remedies Upon Events of Default. For so long as any Convertible Note remains outstanding, upon the occurrence of an Event of Default as herein defined, and so long as such Event of Default continues unremedied, then, each holder of any Convertible Notes will be entitled by notice to declare the principal of and any accrued interest on the Convertible Notes, to be immediately due and payable, and thereupon the Convertible Notes, including both outstanding principal and accrued but unpaid interest will become immediately due and payable; provided, however, that when any Event of Default described in Section 7.01(e) hereof has occurred, the Convertible Notes will immediately become due and payable without presentment, demand or notice of any kind.

Remedies Upon Events of Default. For so long as any Convertible Note remains outstanding, upon the occurrence of an Event of Default as herein defined, and so long as such Event of Default continues unremedied, then, each holder the holders of any at least 50% of the principal amount of the Convertible Notes will shall be entitled by notice to declare the principal of and any accrued interest on the Convertible Notes, to be immediately due and payable, and thereupon the Convertible Notes, including both outstanding principal and accrued but unpaid interest will shall become immediately due and payable; provided, however, that when any Event of Default described in Section 7.01(e8.1(k) hereof has occurred, the Convertible Notes will shall immediately become due and payable without presentment, demand or notice of any kind.. 8.3

Remedies Upon Events of Default. For so long as any Convertible Note remains outstanding, upon the occurrence of an Event of Default as herein defined, and so long as such Event of Default continues unremedied, then, each holder of any Convertible Notes will Securities shall be entitled by notice to declare the principal of and any accrued interest PIK Interest on the Convertible Notes, to be immediately due and payable, and thereupon the Convertible Notes, including both outstanding principal and accrued but unpaid interest will PIK Interest shall become immediately due and payable; provided, however, that when any Event of Default described in Section 7.01(e8.1(i) hereof has occurred, the Convertible Notes will shall immediately become due and payable without presentment, demand or notice of any kind.