Effects of Default. If an Event of Default occurs and is continuing, then and in every such case the Holder may declare this Note to be due and payable immediately, by a notice in writing to the Company, and upon any such declaration, the Company shall pay to the Holder the outstanding principal amount of this Note plus all accrued and unpaid interest through the date the Note is paid in full.
Appears in 9 contracts
Samples: Bionik Laboratories Corp., Bionik Laboratories Corp., Brain Scientific Inc.
Effects of Default. If an Event of Default occurs and is continuing, then and in every such case the Holder may declare this Note to be due and payable immediately, by a notice in writing to the Company, and upon any such declaration, the Company shall pay to the Holder the outstanding principal amount of this Note plus all accrued and unpaid interest through the date the Note is paid in full. Holder shall further have the right to exercise any and all rights and remedies provided for herein, under the Uniform Commercial Code and at law or equity generally.
Appears in 3 contracts
Samples: Bionik Laboratories Corp., Bionik Laboratories Corp., Bionik Laboratories Corp.
Effects of Default. If an Event of Default occurs and is continuingcontinuing for 10 days, then and in every such case the Holder may declare this Note to be due and payable immediately, by a notice in writing to the Company, and upon any such declaration, the Company shall pay to the Holder the outstanding principal amount of this Note plus all accrued and unpaid interest through the date the Note is paid in fullNote.
Appears in 2 contracts
Samples: Biotricity Inc., Biotricity Inc.
Effects of Default. If an Event of Default occurs and is continuing, then and in every such case the Holder may declare this the Note to be due and payable immediately, by a notice in writing to the Company, and upon any such declaration, the Company shall pay to the Holder the outstanding principal amount of this the Note plus all accrued and unpaid interest through the date the Note is paid in full.
Appears in 2 contracts
Samples: Robotic Vision Systems Inc, Robotic Vision Systems Inc
Effects of Default. If an Event of Default occurs and is continuing, then and in every such case the Holder may declare this Note to be due and payable immediately, by a notice in writing to the Company, and upon any such declaration, the Company shall pay to the Holder the outstanding principal amount of this Note plus all accrued and unpaid interest through the date the Note is paid in full. Holder shall further have the right to exercise any and all rights and remedies provided for herein, under the Pledge Agreement, under the Uniform Commercial Code and at law or equity generally.
Appears in 1 contract
Samples: Bionik Laboratories Corp.
