Common use of Rights and Remedies Upon an Event of Default Clause in Contracts

Rights and Remedies Upon an Event of Default. If an Event of Default shall occur under this Agreement, in addition to any other rights and remedies which may be available to Bank and without limiting any other rights and remedies granted to Bank in this Agreement, the other Loan Documents and at law and in equity, including, without limitation, the rights and remedies provided to Bank under the Code, which rights and remedies are fully exercisable by Bank as and when provided herein and therein, Bank shall have the rights and remedies set forth below in this Section 9.1, any and all of which it may exercise at its election, without notice of its election and without demand.

Appears in 9 contracts

Samples: Loan and Security Agreement (Adam Inc), Loan and Security Agreement (Unilens Vision Inc), Loan and Security Agreement (Computer Software Innovations Inc)

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Rights and Remedies Upon an Event of Default. If an Event of Default shall occur under this Agreement, in addition to any other rights and or remedies which may be available to Bank and without limiting any other rights and or remedies granted to Bank in this Agreement, the other Loan Documents and and/or at law and in equity, including, without limitation, the rights and remedies provided to Bank under the Code, which rights and remedies are fully exercisable by Bank as and when provided herein and therein, Bank shall have the rights and remedies set forth below in this Section 9.1, any and all of which it may exercise at its election, without notice of its election and without demand.

Appears in 1 contract

Samples: Loan and Security Agreement (Salix Pharmaceuticals LTD)

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Rights and Remedies Upon an Event of Default. If an Event of Default shall occur under this Agreement, in addition to any other rights and remedies which may be available to Bank and without limiting any other rights and remedies granted to Bank in this Agreement, the other Loan Documents and at law and in equity, including, without limitation, the rights and remedies provided to Bank under the Code, which rights and remedies are fully exercisable by Bank as and when provided herein and therein, Bank shall have the rights and remedies set forth below in this Section 9.1, any and all of which it may exercise at its election, without notice of its election and without demand, except as otherwise expressly provided below.

Appears in 1 contract

Samples: Loan Agreement (Verilink Corp)

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