Common use of Rights of Holder upon Default Clause in Contracts

Rights of Holder upon Default. If an Event of Default occurs, the Company shall provide written notice thereof to Holder within ten (10) Business Days. Upon the occurrence or existence of any Event of Default 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 under this Note 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 to the contrary notwithstanding. In addition to (but not instead of) the foregoing remedies, upon the occurrence or existence of any Event of Default, Holder may exercise any other right, power or remedy granted to him by this Note or otherwise permitted to him by law, either by suit in equity or by action at law, or both.

Rights of Holder upon Default. If an Event of Default occurs, the Company shall provide written notice thereof to Holder within ten (10) Business Days. Upon the occurrence or existence of any Event of Default 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 under this Note 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 to the contrary notwithstanding. In addition to (but not instead of) the foregoing remedies, upon the occurrence or existence of any Event of Default, Holder may exercise any other right, power or remedy granted to him her by this Note or otherwise permitted to him by law, either by suit in equity or by action at law, or both.