Common use of Rights of Agent upon Default Clause in Contracts

Rights of Agent upon Default. Upon the occurrence and during the existence of any Event of Default (other than an Event of Default referred to in Section 9.01(f) and Section 9.01(g)) and at any time thereafter during the continuance of such Event of Default, Agent and the Lenders may, by written notice to Borrower, declare all outstanding Obligations, including, without limitation, the obligation to make each payment to be made under each subsection of Section 2.02, payable by Borrower hereunder to be immediately due and payable without presentment, demand, protest or any other notice of any kind, all of which are hereby expressly waived, anything contained herein or in the Notes to the contrary notwithstanding. Upon the occurrence or existence of any Event of Default described in Section 9.01(f) and Section 9.01(g), immediately and without notice, all outstanding Obligations, including, without limitation, the noncancelable obligation to make each payment to be made under each subsection of Section 2.02, payable by Borrower hereunder shall automatically become immediately due and payable, without presentment, demand, protest or any other notice of any kind, all of which are hereby expressly waived, anything contained herein or in the Notes to the contrary notwithstanding.

Appears in 3 contracts

Samples: Loan and Security Agreement, Loan and Security Agreement (Adaptive Insights Inc), Loan and Security Agreement (Adaptive Insights Inc)

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Rights of Agent upon Default. Upon the occurrence and during the existence of any Event of Default (other than an Event of Default referred to in Section 9.01(fSections 7.01(f) and Section 9.01(g7.01(g)) and at any time thereafter during the continuance of such Event of Default, Agent and the Lenders may, by written notice to Borrower, declare all outstanding Obligations, including, without limitation, the non-cancelable obligation to make each payment scheduled to be made under each subsection of Section 2.02Sections 1.02(b), 1.02(c) and 1.02(d), payable by Borrower hereunder to be immediately due and payable without presentment, demand, protest or any other notice of any kind, all of which are hereby expressly waived, anything contained herein or in the Notes to the contrary notwithstanding. Upon the occurrence or existence of any Event of Default described in Section 9.01(fSections 7.01(f) and Section 9.01(g7.01(g), immediately and without notice, all outstanding Obligations, including, without limitation, the noncancelable non-cancelable obligation to make each payment scheduled to be made under each subsection of Section 2.02Sections 1.02(b), 1.02(c) and 1.02(d), payable by Borrower hereunder shall automatically become immediately due and payable, without presentment, demand, protest or any other notice of any kind, all of which are hereby expressly waived, anything contained herein or in the Notes to the contrary notwithstanding.

Appears in 3 contracts

Samples: Loan and Security Agreement (Acelrx Pharmaceuticals Inc), Loan and Security Agreement (Phenomix CORP), Loan and Security Agreement (Glu Mobile Inc)

Rights of Agent upon Default. Upon the occurrence and during the existence of any Event of Default (other than an Event of Default referred to in Section 9.01(fSections 7.01(f) and Section 9.01(g7.01(g)) and at any time thereafter during the continuance of such Event of Default, Agent and the Lenders may, by written notice to BorrowerBorrowers, declare all outstanding Obligations, including, without limitation, the non-cancelable obligation to make each payment scheduled to be made under each subsection of Section 2.02, Sections 1.02 payable by Borrower Borrowers hereunder to be immediately due and payable without presentment, demand, protest or any other notice of any kind, all of which are hereby expressly waived, anything contained herein or in the Notes to the contrary notwithstanding. Upon the occurrence or existence of any Event of Default described in Section 9.01(fSections 7.01(f) and Section 9.01(g7.01(g), immediately and without notice, all outstanding Obligations, including, without limitation, the noncancelable non-cancelable obligation to make each payment scheduled to be made under each subsection of Section 2.02Sections 1.02, payable by Borrower Borrowers hereunder shall automatically become immediately due and payable, without presentment, demand, protest or any other notice of any kind, all of which are hereby expressly waived, anything contained herein or in the Notes to the contrary notwithstanding.

Appears in 2 contracts

Samples: Loan and Security Agreement (Mascoma Corp), Loan and Security Agreement (Mascoma Corp)

Rights of Agent upon Default. Upon the occurrence and during the existence of any Event of Default (other than an Event of Default referred to in Section Sections 9.01(f) and Section 9.01(g)) and at any time thereafter during the continuance of such Event of Default, Agent and the Lenders may, by written notice to Borrower, declare all outstanding Obligations, including, without limitation, the obligation to make each payment scheduled to be made under each subsection of Section 2.02, payable by Borrower hereunder to be immediately due and payable without presentment, demand, protest or any other notice of any kind, all of which are hereby expressly waived, anything contained herein or in the Notes to the contrary notwithstanding. Upon the occurrence or existence of any Event of Default described in Section Sections 9.01(f) and Section 9.01(g), immediately and without notice, all outstanding Obligations, including, without limitation, the noncancelable obligation to make each payment scheduled to be made under each subsection of Section 2.02, payable by Borrower hereunder shall automatically become immediately due and payable, without presentment, demand, protest or any other notice of any kind, all of which are hereby expressly waived, anything contained herein or in the Notes to the contrary notwithstanding.

Appears in 2 contracts

Samples: Loan and Security Agreement (Mavenir Systems Inc), Loan and Security Agreement (Mavenir Systems Inc)

Rights of Agent upon Default. Upon the occurrence and during the existence of any Event of Default (other than an Event of Default referred to in Section 9.01(fSections 7.01(g) and Section 9.01(g7.01(h)) and at any time thereafter during the continuance of such Event of Default, Agent and the Lenders may, by written notice to Borrower, declare all outstanding Obligations, including, without limitation, the noncancelable obligation to make each payment scheduled to be made under each subsection of Section 2.021.02 including any prepayment fee which would otherwise come due upon payment at such time under 1.02(e), payable by Borrower hereunder to be immediately due and payable without presentment, demand, protest or any other notice of any kind, all of which are hereby expressly waived, anything contained herein or in the Notes to the contrary notwithstanding. Upon the occurrence or existence of any Event of Default described in Section 9.01(fSections 7.01(g) and Section 9.01(g7.01(h), immediately and without notice, all outstanding Obligations, including, without limitation, the noncancelable obligation to make each payment scheduled to be made under each subsection of Section 2.02Sections 1.02 including any prepayment fee which would otherwise come due upon payment at such time under 1.02(e), payable by Borrower hereunder shall automatically become immediately due and payable, without presentment, demand, protest or any other notice of any kind, all of which are hereby expressly waived, anything contained herein or in the Notes to the contrary notwithstanding.

Appears in 2 contracts

Samples: Loan and Security Agreement (Aquantia Corp), Loan and Security Agreement (Aquantia Corp)

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Rights of Agent upon Default. Upon the occurrence and during the existence of any Event of Default (other than an Event of Default referred to in Section 9.01(fSections 7.01(f) and Section 9.01(g7.01(g)) and at any time thereafter during the continuance of such Event of Default, Agent and the Lenders may, by written notice to Borrower, declare all outstanding Obligations, including, without limitation, the non-cancelable obligation to make each payment scheduled to be made under each subsection of Section 2.02Sections 1.02(b) and 1.02(c), payable by Borrower hereunder to be immediately due and payable without presentment, demand, protest or any other notice of any kind, all of which are hereby expressly waived, anything contained herein or in the Notes to the contrary notwithstanding. Upon the occurrence or existence of any Event of Default described in Section 9.01(fSections 7.01(f) and Section 9.01(g7.01(g), immediately and without notice, all outstanding Obligations, including, without limitation, the noncancelable non-cancelable obligation to make each payment scheduled to be made under each subsection of Section 2.02Sections 1.02(b) and 1.02(c), payable by Borrower hereunder shall automatically become immediately due and payable, without presentment, demand, protest or any other notice of any kind, all of which are hereby expressly waived, anything contained herein or in the Notes to the contrary notwithstanding.

Appears in 1 contract

Samples: Loan and Security Agreement (Mascoma Corp)

Rights of Agent upon Default. Upon the occurrence and during the or existence of any Event of Default (other than an Event of Default referred to in Section 9.01(fSections 7.01(f) and Section 9.01(g7.01(g)) and at any time thereafter during the continuance of such Event of Default, Agent and the Lenders may, by written notice to Borrower, declare all outstanding Obligations, including, without limitation, the noncancelable obligation to make each payment scheduled to be made under each subsection of Section 2.02Sections 1.02(b), 1.02(c) and 1.02(d), payable by Borrower hereunder to be immediately due and payable without presentment, demand, protest or any other notice of any kind, all of which are hereby expressly waived, anything contained herein or in the Notes to the contrary notwithstanding. Upon the occurrence or existence of any Event of Default described in Section 9.01(fSections 7.01(f) and Section 9.01(g7.01(g), immediately and without notice, all outstanding Obligations, including, without limitation, the noncancelable obligation to make each payment scheduled to be made under each subsection of Section 2.02Sections 1.02(b), 1.02(c) and 1.02(d), payable by Borrower hereunder shall automatically become immediately due and payable, without presentment, demand, protest or any other notice of any kind, all of which are hereby expressly waived, anything contained herein or in the Notes to the contrary notwithstanding.

Appears in 1 contract

Samples: Loan and Security Agreement (Reliant Technologies Inc)

Rights of Agent upon Default. Upon the occurrence and during the existence of any Event of Default (other than an Event of Default referred to in Section 9.01(fSections 7.01 (f) and Section 9.01(g7.01 (g)) and at any time thereafter during the continuance of such Event of Default, Agent and the Lenders may, by written notice to Borrower, declare all outstanding Obligations, including, without limitation, the noncancelable obligation to make each payment scheduled to be made under each subsection of Section 2.02Sections 1.02(b) and 1.02(c), payable by Borrower hereunder to be immediately due and payable without presentment, demand, protest or any other notice of any kind, all of which are hereby expressly waived, anything contained herein or in the Notes to the contrary notwithstanding. Upon the occurrence or existence of any Event of Default described in Section 9.01(fSections 7.01 (f) and Section 9.01(g7.01 (g), immediately and without notice, all outstanding Obligations, including, without limitation, the noncancelable obligation to make each payment scheduled to be made under each subsection of Section 2.02Sections 1.02(b) and 1.02(c), payable by Borrower hereunder shall automatically become immediately due and payable, without presentment, demand, protest or any other notice of any kind, all of which are hereby expressly waived, anything contained herein or in the Notes to the contrary notwithstanding.

Appears in 1 contract

Samples: Equipment Loan and Security Agreement (Intermix Media, Inc.)

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