Rights of Holder upon Default. Upon the occurrence or existence of any Event of Default (other than an Event of Default referred to in Section 6(e) or 6(f)) and at any time thereafter during the continuance of such Event of Default, the Holder may, by written notice to the Company, declare all outstanding Obligations 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 other Transaction Documents to the contrary notwithstanding. Upon the occurrence or existence of any Event of Default described in Section 6(e) or 6(f), immediately and without notice, all outstanding Obligations 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 other Transaction Documents to the contrary notwithstanding. In addition to the foregoing remedies, upon the occurrence or existence of any Event of Default, the Holder may exercise any other right, power or remedy granted to it by any of the Transaction Documents or otherwise permitted to it by law, either by suit in equity or by action at law, or both.
Appears in 5 contracts
Samples: Assignment and Assumption Agreement (Unigene Laboratories Inc), Secured Promissory Note (Unigene Laboratories Inc), Secured Promissory Note (Unigene Laboratories Inc)
Rights of Holder upon Default. Upon the occurrence or existence of any Event of Default (other than an Event of Default referred to in Section 6(e) or 6(funder Sections 5.3 and 5.4)) , and at any time thereafter during the continuance of such Event of Default, the Holder may, may by written notice to the Company, declare all outstanding Obligations amounts payable by the Company 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 other Transaction Documents to the contrary notwithstanding. Upon In addition to foregoing, upon the occurrence or existence of any Event of Default described in Section 6(e) or 6(f)under Sections 5.3 and 5.4, immediately and without notice, all outstanding Obligations amounts payable by Company 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 other Transaction Documents to the contrary notwithstanding. In addition to the foregoing remediesFurther, upon the occurrence or existence of any Event of Default, the Holder may exercise any other right, power or remedy granted to it by any of the Transaction Documents Note or otherwise permitted to it by law, either by suit in equity or by action at law, or both.
Appears in 5 contracts
Samples: Subordinated Promissory Note (Thomas Group Inc), Subordinated Promissory Note (Thomas Group Inc), Subordinated Promissory Note (Thomas Group Inc)
Rights of Holder upon Default. Upon the occurrence or existence of any Event of Default (other than an Event of Default referred to in Section 6(e) or 6(f)Sections 4.2 and 4.3 of this Convertible Note) and at any time thereafter during the continuance of such Event of Default, the Holder may, by written notice to the Company, declare all outstanding Obligations obligations payable by the Company 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 other Transaction Documents to the contrary notwithstanding. Upon the occurrence or existence of any Event of Default described in Section 6(e) or 6(f)Sections 4.2 and 4.3 of this Convertible Note, immediately and without notice, all outstanding Obligations obligations payable by the Company 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 other Transaction Documents to the contrary notwithstanding. In addition to the foregoing remedies, upon the occurrence or existence of any Event of Default, the Holder may exercise any other right, power or remedy granted to it by any of the Transaction Documents or otherwise permitted to it by law, either by suit in equity or by action at law, or both.
Appears in 1 contract
Samples: Lease Agreement, Stock Option Plan, Security Agreement, Employment Agreement (Cimetrix Inc)
Rights of Holder upon Default. Upon the occurrence or existence of any Event of Default (other than an Event of Default referred to described in Section 6(eSections 3(c) or 6(f3(d)) and at any time thereafter during the continuance of such Event of Default, the Holder may, by written notice to the Company, declare all outstanding Obligations obligations payable by the Company 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 other Transaction Documents Security Agreement to the contrary notwithstanding. Upon the occurrence or existence of any Event of Default described in Section 6(eSections 3(c) or 6(fand 3(d), immediately and without notice, all outstanding Obligations obligations payable by the Company 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 other Transaction Documents Security Agreement to the contrary notwithstanding. In addition to the foregoing remedies, upon the occurrence or existence of any Event of Default, the Holder may exercise any other right, right power or remedy granted to it by any of the Transaction Documents Security Agreement or otherwise permitted to it by law, either by suit in equity or by action at law, or both.
Appears in 1 contract
Samples: Membership Interest Purchase Agreement (Sub-Urban Brands, Inc.)