Common use of Acceleration of Maturity; Remedies Clause in Contracts

Acceleration of Maturity; Remedies. (a) Upon the occurrence of any Event of Default described in subsection 6.1(d), the indebtedness evidenced by the Notes as well as any and all other indebtednesses of any Obligor to Lenders shall be immediately due and payable in full; and upon the occurrence of any other Event of Default described above, Agent, upon the direction or consent of the Majority Lenders, at any time thereafter may accelerate the maturity of the indebtednesses evidenced by the Notes as well as any and all other indebtedness of any Obligor to Lenders; all without notice of any kind. Upon the occurrence of any such Event of Default and the acceleration of the maturity of the indebtednesses evidenced by the Notes, and upon written direction of the Majority Lenders, Agent may pursue any or all of the following remedies, without any notice to any Obligor except as required below:

Appears in 2 contracts

Samples: Loan Agreement (Dynagen Inc), Loan Agreement (Sb Merger Corp)

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Acceleration of Maturity; Remedies. (a) Upon the occurrence of any Event of Default described in subsection 6.1(d7.1(d), the indebtedness evidenced by the Notes as well as any and all other indebtednesses of any Obligor Borrower to Lenders shall be immediately due and payable in full; and upon the occurrence of any other Event of Default described above, Agent, upon the direction or consent of the Majority Lenders, at any time thereafter may accelerate the maturity of the indebtednesses evidenced by the Notes as well as any and all other indebtedness of any Obligor Borrower to Lenders; all without notice of any kind. Upon the occurrence of any such Event of Default and the acceleration of the maturity of the indebtednesses evidenced by the Notes, and upon written direction of the Majority Lenders, Agent may pursue any or all of the following remedies, without any notice to any Obligor Borrower except as required below:

Appears in 1 contract

Samples: Stock Purchase Warrant (Act Teleconferencing Inc)

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Acceleration of Maturity; Remedies. (a) Upon the occurrence of any Event of Default described in subsection 6.1(d), the indebtedness evidenced by the Notes as well as any and all other indebtednesses indebtedness of any Obligor Borrowers to Lenders shall be immediately due and payable in full; and upon the occurrence of any other Event of Default described above, Agent, upon the direction or consent of the Majority Lenders, at any time thereafter may accelerate the maturity of the indebtednesses indebtedness evidenced by the Notes as well as any and all other indebtedness of any Obligor Borrowers to Lenders; all without notice of any kind. Upon the occurrence of any such Event of Default and the acceleration of the maturity of the indebtednesses indebtedness evidenced by the Notes, and upon written direction of the Majority Lenders, Agent may pursue any or all of the following remedies, without any notice to any Obligor Borrower except as required below:

Appears in 1 contract

Samples: Loan and Security Agreement (Ipayment Inc)

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