Common use of Rights of Purchaser upon Default Clause in Contracts

Rights of Purchaser upon Default. Upon the occurrence of any Event of Default (other than an Event of Default described in Sections 2(d) or 2(e)) and at any time thereafter during the continuance of such Event of Default, Purchaser may, by written notice to the Company, declare all outstanding 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 of any Event of Default described in Sections 2(d) or 2(e), immediately and without notice, all outstanding 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 Security Agreement to the contrary notwithstanding. In addition to the foregoing remedies, upon the occurrence and during the continuance of any Event of Default, Purchaser may exercise any other right, power or remedy granted to it by the Security Agreement or otherwise permitted to it by law, either by suit in equity or by action at law, or both.

Appears in 2 contracts

Samples: Share Purchase Agreement (Red Cat Holdings, Inc.), Secured Promissory Note (Red Cat Holdings, Inc.)

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Rights of Purchaser upon Default. Upon the occurrence or existence of any Event of Default and following the expiry of any applicable grace periods (other than an Event of Default described referred to in Sections 2(d2(f) or 2(e)2(g) hereof) and at any time thereafter during the continuance of such Event of Default, the Purchaser 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 the occurrence or existence of any Event of Default described in Sections 2(d2(f) or 2(e)2(g) hereof, immediately and without notice, all outstanding Obligations amounts 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 Security Agreement to the contrary notwithstanding. In addition to the foregoing remedies, upon the occurrence and during the continuance or existence of any Event of Default, the Purchaser may exercise any other right, power or remedy granted to it by the Security Agreement or otherwise permitted to it by law, either by suit in equity or by action at law, or both.

Appears in 2 contracts

Samples: Convertible Note (Bulldog Technologies Inc), Private Placement Subscription Agreement (Counterpath Solutions, Inc.)

Rights of Purchaser upon Default. Upon the occurrence or existence of any Event of Default and following the expiry of any applicable grace periods (other than an Event of Default described referred to in Sections 2(d) or 2(e)) Section 2.4 and at any time thereafter during the continuance of such Event of Default, the Purchaser 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 the occurrence or existence of any Event of Default described in Sections 2(d) or 2(e)Section 2.4, immediately and without notice, all outstanding Obligations amounts 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 Security Agreement to the contrary notwithstanding. In addition to the foregoing remedies, upon the occurrence and during the continuance or existence of any Event of Default, the Purchaser may exercise any other right, power or remedy granted to it by the 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: Private Placement Subscription Agreement (Urex Energy Corp.)

Rights of Purchaser upon Default. Upon the occurrence or existence of any Event of Default and following the expiry of any applicable grace periods (other than an Event of Default described referred to in Sections 2(dSection 2(e) or 2(e)hereof) and at any time thereafter during the continuance of such Event of Default, the Purchaser 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 the occurrence or existence of any Event of Default described in Sections 2(dSection 2(e) or 2(e)hereof, immediately and without notice, all outstanding Obligations amounts 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 Security Agreement to the contrary notwithstanding. In addition to the foregoing remedies, upon the occurrence and during the continuance or existence of any Event of Default, the Purchaser may exercise any other right, power or remedy granted to it by the 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: Private Placement Subscription Agreement (Southern Star Energy Inc.)

Rights of Purchaser upon Default. Upon the occurrence or existence of any Event of Default and following the expiry of any applicable grace periods (other than an Event of Default described referred to in Sections 2(d2(f) or 2(e)2(g) hereof) and at any time thereafter during the continuance of such Event of Default, the Purchaser 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 the occurrence or existence of any Event of Default described in Sections 2(d2(f) or 2(e)2(g) hereof, immediately and without notice, all outstanding Obligations amounts 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 Security Agreement to the contrary notwithstanding. In addition to the foregoing remedies, upon the occurrence and during the continuance or existence of any Event of Default, the Purchaser may exercise any other right, power or remedy granted to it by the Security Agreement or otherwise permitted to it by law, either by suit in equity or by action at law, or both.. CW941191.2

Appears in 1 contract

Samples: Convertible Note Agreement (Counterpath Solutions, Inc.)

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Rights of Purchaser upon Default. Upon the occurrence of any Event of Default (other than an Event of Default described in Sections 2(d2(b) or 2(e2(c)) and at any time thereafter during the continuance of such Event of Default, Purchaser may, with the written consent of a Super Majority in Interest of Purchasers, by written notice to the Company, declare all outstanding 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 of any Event of Default described in Sections 2(d2(b) or 2(e2(c), immediately and without notice, all outstanding 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 Security Agreement other Transaction Documents to the contrary notwithstanding. In addition to the foregoing remedies, upon the occurrence and during the continuance of any Event of Default, Purchaser may may, with the written consent of a Super Majority in Interest of Purchasers, exercise any other right, right power or remedy granted to it by the Security Agreement 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: Convertible Note (Fluent, Inc.)

Rights of Purchaser upon Default. Upon the occurrence of any Event of Default (other than an Event of Default described in Sections 2(d2(b) or 2(e2(c)) and at any time thereafter during the continuance of such Event of Default, Purchaser may, with the written consent of a Majority in Interest of Purchasers, by written notice to the Company, declare all outstanding 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 of any Event of Default described in Sections 2(d2(b) or 2(e2(c), immediately and without notice, all outstanding 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 Security Agreement other Transaction Documents to the contrary notwithstanding. In addition to the foregoing remedies, upon the occurrence and during the continuance of any Event of Default, Purchaser may may, with the written consent of a Majority in Interest of Purchasers, exercise any other right, right power or remedy granted to it by the Security Agreement 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: Convertible Subordinated Promissory Note (VerifyMe, Inc.)

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