Common use of Rights of Holder upon Default Clause in Contracts

Rights of Holder upon Default. Upon the occurrence or existence of any Event of Default (other than an Event of Default under Sections II.I.3 or II.I.4) and at any time thereafter during the continuance of such Event of Default, the Lender may, by written notice to the Borrower, declare all outstanding amounts payable by the Borrower under this Agreement to Convertible Loan Agreement – EETIL (2014) 4 be immediately due and payable without presentment, demand, protest, notice of intent to accelerate, or any other notice of any kind, all of which are hereby expressly waived. Upon the occurrence or existence of any Event of Default described in Sections II.I.3 or II.I.4 hereof, immediately and without notice, all outstanding amounts payable by the Borrower under this Agreement and the Note shall automatically become immediately due and payable, without presentment, demand, protest, notice of intent to accelerate, or any other notice of any kind, all of which are hereby expressly waived, anything contained herein to the contrary notwithstanding. In addition to the foregoing remedies, upon the occurrence or existence of any Event of Default, the Lender may exercise any other right, power or remedy permitted to it by the UCC, or otherwise available at law or in equity or both.

Rights of Holder upon Default. Upon the occurrence or existence of any Event of Default (other than an Event of Default under Sections II.I.3 or II.I.4) and at any time thereafter during the continuance of such Event of Default, the Lender may, by written notice to the Borrower, declare all outstanding amounts payable by the Borrower under this Agreement to Convertible Loan Agreement – EETIL (2014) 4 be immediately due and payable without presentment, demand, protest, notice of intent to accelerate, or any other notice of any kind, all of which are hereby expressly waived. Upon the Convertible Loan Agreement – BP (2014) 4 occurrence or existence of any Event of Default described in Sections II.I.3 or II.I.4 hereof, immediately and without notice, all outstanding amounts payable by the Borrower under this Agreement and the Note shall automatically become immediately due and payable, without presentment, demand, protest, notice of intent to accelerate, or any other notice of any kind, all of which are hereby expressly waived, anything contained herein to the contrary notwithstanding. In addition to the foregoing remedies, upon the occurrence or existence of any Event of Default, the Lender may exercise any other right, power or remedy permitted to it by the UCC, or otherwise available at law or in equity or both.

Rights of Holder upon Default. Upon the occurrence or existence of any Event of Default (other than an Event of Default under Sections II.I.3 described in Section 4(c) or II.I.4Section 4(d) ) hereof and at any time thereafter during the continuance of such Event of Default, Holder may, with the Lender maywritten consent of the Required Holders, by written notice to the BorrowerCompany, declare all outstanding amounts obligations payable by the Borrower under this Agreement Company hereunder to Convertible Loan Agreement – EETIL (2014) 4 be immediately due and payable payable, and take possession of and exercise control over, to the fullest extent permitted by law, any Collateral, without presentment, demand, protest, notice of intent to accelerate, protest or any other notice of any kind, all of which are hereby expressly waived. Upon the occurrence or existence of any Event of Default described in Sections II.I.3 or II.I.4 Section 4(c) and Section 4(d) hereof, immediately and without notice, all outstanding amounts payable by the Borrower under this Agreement principal and the Note accrued and unpaid interest hereunder shall automatically become immediately due and payable, and the Holder may take possession of and exercise control over, to the fullest extent permitted by law, any Collateral, without presentment, demand, protest, notice of intent to accelerate, 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 the foregoing remedies, upon the occurrence or existence and during the continuance of any Event of Default, the Lender Holder may exercise any other right, right power or remedy permitted to it by the UCClaw, or otherwise available at law or either by suit in equity or by action at law, or both.

Rights of Holder upon Default. Upon the occurrence or existence of any Event of Default (other than an Event of Default under Sections II.I.3 described in Section 4(c) or II.I.4Section 4(d) ) hereof and at any time thereafter during the continuance of such Event of Default, Holder may, with the Lender maywritten consent of the Required Holders, by written notice to the BorrowerCompany, declare all outstanding amounts obligations payable by the Borrower under this Agreement Company hereunder to Convertible Loan Agreement – EETIL (2014) 4 be immediately due and payable payable, and take possession of and exercise control over, to the fullest extent permitted by law, any Shares, without presentment, demand, protest, notice of intent to accelerate, protest or any other notice of any kind, all of which are hereby expressly waived. Upon the occurrence or existence of any Event of Default described in Sections II.I.3 or II.I.4 Section 4(c) and Section 4(d) hereof, immediately and without notice, all outstanding amounts payable by the Borrower under this Agreement principal and the Note accrued and unpaid interest hereunder shall automatically become immediately due and payable, and the Holder may take possession of and exercise control over, to the fullest extent permitted by law, any Shares, without presentment, demand, protest, notice of intent to accelerate, 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 the foregoing remedies, upon the occurrence or existence and during the continuance of any Event of Default, the Lender Holder may exercise any other right, right power or remedy permitted to it by the UCClaw, or otherwise available at law or either by suit in equity or by action at law, or both.

Rights of Holder upon Default. Upon the occurrence or existence of any Event of Default (other than an Event of Default under Sections II.I.3 described in Section 5(c) or II.I.4Section 5(d)) hereof and at any time thereafter during the continuance of such Event of Default, Holder may, with the Lender maywritten consent of the Required Holders, by written notice to the BorrowerCompany, declare all outstanding amounts obligations payable by the Borrower under this Agreement Company hereunder to Convertible Loan Agreement – EETIL (2014) 4 be immediately due and payable payable, and take possession of and exercise control over, to the fullest extent permitted by law, any Collateral, without presentment, demand, protest, notice of intent to accelerate, protest or any other notice of any kind, all of which are hereby expressly waived. Upon the occurrence or existence of any Event of Default described in Sections II.I.3 or II.I.4 Section 5(c) and Section 5(d) hereof, immediately and without notice, all outstanding amounts payable by the Borrower under this Agreement principal and the Note accrued and unpaid interest hereunder shall automatically become immediately due and payable, and the Holder may take possession of and exercise control over, to the fullest extent permitted by law, any Collateral, without presentment, demand, protest, notice of intent to accelerate, 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 the foregoing remedies, upon the occurrence or existence and during the continuance of any Event of Default, the Lender Holder may exercise any other right, right power or remedy permitted to it by the UCClaw, or otherwise available at law or either by suit in equity or by action at law, or both.

Rights of Holder upon Default. Upon the occurrence or existence of any Event of Default (other than an Event of Default under described in Sections II.I.3 or II.I.44(d)) and at any time thereafter during the continuance of such Event of Default, Holder may, with the Lender mayconsent of holders of Seventy-five Percent (75%) Majority in Interest, by written notice to the BorrowerAllDigital, declare all outstanding amounts Obligations payable by the Borrower under this Agreement AllDigital hereunder to Convertible Loan Agreement – EETIL (2014) 4 be immediately due and payable without presentment, demand, protest, notice of intent to accelerate, or any other notice of any kind, all of which are hereby expressly waived. Upon the occurrence or existence of any Event of Default described in Sections II.I.3 or II.I.4 hereof, immediately and without notice, all outstanding amounts payable by the Borrower under this Agreement and the Note shall automatically become immediately due and payable, without presentment, demand, protest, notice of intent to accelerate, 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 Sections 4(d), immediately and without notice, all outstanding Obligations payable by AllDigital 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 Lender Holder may exercise any other right, power or remedy granted to it by the Transaction Documents or otherwise permitted to it by the UCClaw, or otherwise available at law or either by suit in equity or by action at law, or both.