Common use of Rights of Lender Upon Default Clause in Contracts

Rights of Lender Upon Default. Upon the occurrence or existence of any Event of Default for which notice has been provided and no timely cure made, and at any time thereafter during the continuance of such Event of Default, Lender may, by written notice to Borrower, declare all outstanding Obligations 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 uncured Event of Default described in Section 8.1, immediately and without further notice, all outstanding Obligations 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 Assumption and Forbearance Agreement (Jackpot Enterprises Inc), Loan Assumption and Forbearance Agreement (Jackpot Enterprises Inc)

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Rights of Lender Upon Default. Upon the occurrence or and during the existence of any Event of Default for which notice has been provided (other than an Event of Default referred to in Sections 7.01(e) and no timely cure made, 7.01(f)) and at any time thereafter during the continuance of such Event of Default, Lender may, by written notice to Borrower, declare all outstanding Obligations 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 and during the continuance of any uncured Event of Default described in Section 8.1Sections 7.01(e) and 7.01(f), immediately and without further notice, all outstanding Obligations 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 (FaceBank Group, Inc.)

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Rights of Lender Upon Default. Upon the occurrence or existence of any Event of Default for which notice has been provided and no timely cure made, and at any time thereafter during the continuance of such Event of Default, Lender may, by written notice to BorrowerBorrower or Excalibur, as the case may be, declare all outstanding Obligations payable by Borrower or Excalibur, as the case may be, 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 other Operative Documents to the contrary notwithstanding. Upon the occurrence or existence of any uncured Event of Default described in Section 8.19.1, immediately and without further notice, all outstanding Obligations payable by Borrower or Excalibur, as the case may be, 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 other Operative Documents to the contrary notwithstanding.

Appears in 1 contract

Samples: Loan Assumption and Forbearance Agreement (J Net Enterprises Inc)

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