Consequences of Events of Default. (i) If an Event of Default occurs, all indebtedness under this Note shall become immediately due and payable without any action on the part of Holder. The Company agrees to pay Holder all reasonable out-of-pocket costs and expenses incurred by Holder in any effort to collect indebtedness under this Note, including reasonable attorney fees, and to pay interest at the highest rate permitted by applicable law on such costs and expenses to the extent not paid when demanded.
Appears in 4 contracts
Samples: Note and Warrant Purchase Agreement (Duska Therapeutics, Inc.), Note and Warrant Purchase Agreement (Duska Therapeutics, Inc.), Notes and Warrant Purchase Agreement (Hydrodynex, Inc.)
Consequences of Events of Default. (i) If an any Event of Default occursshall occur for any reason, all whether voluntary or involuntary, and be continuing, Holder may, upon notice or demand, declare the outstanding indebtedness under this Note to be due and payable, whereupon the outstanding indebtedness under this Note shall be and become immediately due and payable without any action on payable, and the part of Holder. The Company agrees shall immediately pay to pay Holder all reasonable out-of-pocket costs and expenses incurred by Holder in any effort to collect indebtedness under this Note, including reasonable attorney fees, and to pay interest at the highest rate permitted by applicable law on such costs and expenses to the extent not paid when demandedindebtedness.
Appears in 3 contracts
Samples: Asset Purchase Agreement (Generation NEXT Franchise Brands, Inc.), Warrant Purchase Agreement (Catcher Holdings, Inc), Restricted Stock Purchase Agreement (Catcher Holdings, Inc)
