Common use of Event of Default Clause in Contracts

Event of Default. The occurrence of any of the following events of default ("Event of Default") shall, at the option of the Holder hereof, make all sums of principal and interest then remaining unpaid hereon and all other amounts payable hereunder immediately due and payable, upon demand, without presentment, or grace period, all of which hereby are expressly waived, except as set forth below:

Appears in 137 contracts

Samples: Subscription Agreement (Attitude Drinks Inc.), Subscription Agreement (Attitude Drinks Inc.), Subscription Agreement (Attitude Drinks Inc.)

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Event of Default. The occurrence of any of the following events of default ("Event of Default") shall, at the option of the Holder hereof, make all sums of principal and interest then remaining unpaid hereon and all other amounts payable hereunder immediately due and payable, upon all without demand, without presentmentpresentment or notice, or grace period, all of which hereby are expressly waived, except as set forth below:

Appears in 131 contracts

Samples: Note and Security Agreement (Osage Exploration & Development Inc), Metropolitan Health Networks Inc, Metropolitan Health Networks Inc

Event of Default. The occurrence of any of the following events of default ("Event of Default") shall, at the option of the Holder hereof, make all sums of principal and interest then remaining unpaid hereon and all other amounts payable hereunder immediately due and payable, upon demand, without presentment, or grace period, all of which hereby are expressly waived, except as set forth below:

Appears in 41 contracts

Samples: First Consolidated Amendment Agreement (Cellteck Inc.), Loan Agreement and Secured Promissory Note (Cellteck Inc.), Escrow Agreement (Swissinso Holding Inc.)

Event of Default. The occurrence of any of the following events of default ("Event of Default") shall, at the option of the Holder hereof, make all sums of principal Principal, interest and interest Premium then remaining unpaid hereon and all other amounts payable hereunder immediately due and payable, upon demand, without presentment, or grace period, all of which hereby are expressly waived, except as set forth below:

Appears in 16 contracts

Samples: Bravo Foods International Corp, Wizzard Software Corp /Co, Bravo Foods International Corp

Event of Default. The occurrence of any of the following events of default ("Event of Default") shall, at the option of the Holder hereof, make all sums of principal and interest (to the extent accrued) then remaining unpaid hereon and all other amounts payable hereunder immediately due and payable, upon demand, without presentment, or grace period, all of which hereby are expressly waived, except as set forth below:

Appears in 11 contracts

Samples: Acquisition of Assets (Smart-Tek Solutions Inc), Acquisition of Solvis Medical Group (Smart-Tek Solutions Inc), Dalrada Financial Corp

Event of Default. The occurrence of any of the following events of default ("Event of DefaultEVENT OF DEFAULT") shall, at the option of the Holder hereof, make all sums of principal and interest then remaining unpaid hereon and all other amounts payable hereunder immediately due and payable, upon all without demand, without presentmentpresentment or notice, or grace period, all of which hereby are expressly waived, except as set forth below:

Appears in 10 contracts

Samples: Consolidated Note and Security Agreement (National Healthcare Technology Inc), Securities Purchase Agreement (Gosun Communications LTD Inc), Consolidated Note and Security Agreement (National Healthcare Technology Inc)

Event of Default. The occurrence of any of the following events of default ("Event of Default") shall, at the option of the Holder hereof, make all sums of principal and accrued interest then remaining unpaid hereon and all other amounts payable hereunder immediately due and payable, upon demand, without presentment, presentment or grace period, all of which hereby are expressly waived, except as set forth below:

Appears in 7 contracts

Samples: Security Agreement (Options Media Group Holdings, Inc.), Convertible Note (BigString CORP), Options Media Group Holdings, Inc.

Event of Default. The occurrence of any of the following events of default ("Event of Default") shall, at the option of the Holder hereof, make all sums of principal and interest then remaining unpaid hereon and all other amounts payable hereunder immediately due and payable, upon demand, without presentment, or grace period, all of which hereby are expressly waived, except as set forth below:

Appears in 5 contracts

Samples: One Voice Technologies Inc, One Voice Technologies Inc, One Voice Technologies Inc

Event of Default. The occurrence of any of the following events of default ("Event of Default") shall, at the option of the Holder hereof, make all sums of principal and accrued interest then remaining unpaid hereon and all other amounts payable hereunder immediately due and payable, upon demand, without presentment, presentment or grace period, all of which hereby are expressly waived, except as set forth below:

Appears in 4 contracts

Samples: Ever-Glory International Group, Inc., Family Room Entertainment Corp, BigString CORP

Event of Default. The occurrence of any of the following events of default ("Event of Default") occurring after Closing and not otherwise disclosed on the Subscription Agreement and schedules thereto, shall, at the option of the Holder hereof, make all sums of principal and interest then remaining unpaid hereon and all other amounts payable hereunder immediately due and payable, upon demand, without presentment, presentment or grace period, all of which hereby are expressly waived, except as set forth below:

Appears in 4 contracts

Samples: Lockup Agreement (Attitude Drinks Inc.), Subscription Agreement (Attitude Drinks Inc.), Subscription Agreement (Attitude Drinks Inc.)

Event of Default. The occurrence of any of the following events of default ("Event of Default") shall, at the option of the Holder hereof, make all sums of principal and interest Principal then remaining unpaid hereon and all other amounts payable hereunder immediately due and payable, upon demand, without presentment, or grace period, all of which hereby are expressly waived, except as set forth below:

Appears in 3 contracts

Samples: Securities Purchase Agreement (Long-E International, Inc.), A Note Purchase Agreement (China for-Gen Corp.), Long-E International, Inc.

Event of Default. The occurrence of any of the following events of default ("Event of Default") shall, at the option of the Holder hereof, make all sums of principal principal, interest and interest other fees then remaining unpaid hereon and all other amounts payable hereunder immediately due and payable, upon all without demand, without presentmentpresentment or notice, or grace period, all of which hereby are expressly waived, except as set forth below:

Appears in 3 contracts

Samples: Securities Purchase Agreement (Path 1 Network Technologies Inc), Path 1 Network Technologies Inc, Associated Automotive Group Inc

Event of Default. The occurrence of any of the following events of default ("Event of Default") shall, at the option of the Holder hereof, make all sums of principal and interest then remaining unpaid hereon and all other amounts payable hereunder immediately due and payable, upon all without demand, without presentmentpresentment or notice, or grace period, all of which hereby are expressly waived, except as set forth below:

Appears in 2 contracts

Samples: Convertible Note Purchase Agreement (American Water Star Inc), Convertible Note Purchase Agreement (American Water Star Inc)

Event of Default. The occurrence of any of the following events of default ("Event of Default") occurring after Closing and not otherwise disclosed in the Subscription Agreement and schedules thereto, shall, at the option of the Holder hereof, make all sums of principal the Principal Amount and accrued but unpaid interest then remaining unpaid hereon and all other amounts payable hereunder immediately due and payable, upon demand, without presentment, presentment or grace period, all of which hereby are expressly waived, except as set forth below:

Appears in 2 contracts

Samples: Subscription Agreement (Wizard World, Inc.), Subscription Agreement (Wizard World, Inc.)

Event of Default. The occurrence of any of the following events of default ("Event of Default") shall, at the option of the Holder hereof, make all sums of principal and interest and other fees then remaining unpaid hereon and all other amounts payable hereunder immediately due and payable, upon all without demand, without presentmentpresentment or notice, or grace period, all of which hereby are expressly waived, except as set forth below:

Appears in 2 contracts

Samples: Securities Purchase Agreement (Infinite Group Inc), Securities Purchase Agreement (Infinite Group Inc)

Event of Default. The occurrence of any of the following events of default ("Event of Default") shall, at the option of the Holder hereof, make all sums of principal and interest Principal then remaining unpaid hereon and all other amounts payable hereunder immediately due and payable, upon demand, without presentment, or grace period, all of which hereby are expressly waived, except as set forth below:

Appears in 2 contracts

Samples: Note Purchase Agreement (Sun New Media Inc.), Note Purchase Agreement (Sun New Media Inc.)

Event of Default. The occurrence of any of the following events of default ("Event of Default") shall, at the option of the Holder hereof, make all sums of principal and interest Principal then remaining unpaid hereon and all other amounts payable hereunder immediately due and payable, upon demand, without presentment, or grace period, all of which hereby are expressly waived, except as set forth below:

Appears in 2 contracts

Samples: Villageedocs Inc, Note Purchase Agreement (PCS Edventures Com Inc)

Event of Default. The occurrence of any of the following events of default ("Event of Default") shall, at the option of the Holder hereof, make all sums of principal and interest then remaining unpaid hereon and all other amounts payable hereunder immediately due and payable, upon demand, without presentment, presentment or grace period, all of which hereby are expressly waived, except as set forth below:

Appears in 2 contracts

Samples: Subscription Agreement (Megawest Energy Corp.), Securities Purchase Agreement (InspireMD, Inc.)

Event of Default. The occurrence of any of the following events of default ("Event of Default") shall, at the option of the Holder hereof, make all sums of principal Principal, interest and interest Premium then remaining unpaid hereon and all other amounts payable hereunder immediately due and payable, upon demand, without presentment, or grace period, all of which hereby are expressly waived, except as set forth below:

Appears in 1 contract

Samples: Blastgard International Inc

Event of Default. The occurrence of any of the following events of default ("Event of Default") shall, at the option of the Holder hereof, make all sums of principal and interest then the remaining unpaid hereon Principal Amount and all other amounts payable hereunder accrued but unpaid Interest immediately due and payable, upon demand, without presentment, presentment or grace period, all of which hereby are expressly waived, except as set forth below:

Appears in 1 contract

Samples: Biozone Pharmaceuticals, Inc.

Event of Default. The occurrence of any of the following events of default ("Event of Default") shall, at the option of the Holder hereof, make all sums of principal and interest then remaining unpaid hereon and all other amounts payable hereunder immediately due and payable, upon demand, without presentment, or grace period, all of which hereby are expressly waived, except as set forth belowsubject to Section 1.1 above:

Appears in 1 contract

Samples: Subscription Agreement (Trig Acquisition 1, Inc)

Event of Default. The occurrence of any of the following events of default ("Event of Default") shall, at the option of the Holder hereof, make all sums of principal and interest then remaining unpaid hereon and all other amounts payable hereunder immediately due and payable, upon demand, without presentment, presentment or grace period, all of which hereby are expressly waived, except as set forth below:

Appears in 1 contract

Samples: Leakout Agreement (China Yongxin Pharmaceuticals Inc.)

Event of Default. The occurrence of any of the following events of default ("Event of Default") shall, at the option of the Holder hereof, make all sums of principal and interest then remaining unpaid hereon and all other amounts payable hereunder immediately due and payablepayable in accordance with Article I, upon demand, without presentment, or grace period, all of which hereby are expressly waived, except as set forth below:

Appears in 1 contract

Samples: Environmental Solutions Worldwide Inc

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Event of Default. The occurrence of any of the following events of default after written notice thereof by Holder to the Borrower that any of the events in this Article have occurred ("Event of Default") shall, at the option of the Holder hereof, make all sums of principal and interest then remaining unpaid hereon and all other amounts payable hereunder immediately due and payable, upon demand, without presentment, or grace period, all of which hereby are expressly waived, except as set forth below:

Appears in 1 contract

Samples: Employment Agreement (VIASPACE Inc.)

Event of Default. The occurrence of any of the following events of default ("Event of Default") shall, at the option of the Holder hereof, make subject to Section 3.12 below, all sums of principal and interest then remaining unpaid hereon and all other amounts payable hereunder immediately due and payable, upon all without demand, without presentmentpresentment or notice, or grace period, all of which hereby are expressly waived, except as set forth below:

Appears in 1 contract

Samples: Osage Systems Group Inc

Event of Default. The occurrence of any of the following events of default ("Event of Default") shall, at the option of the Holder hereof, make all sums of principal and interest then remaining unpaid hereon and all other amounts payable hereunder immediately due and payable, upon all without demand, without presentmentpresentment or notice, or grace periodperiod (except as provided herein), all of which hereby are expressly waived, except as set forth below:

Appears in 1 contract

Samples: Cord Blood America, Inc.

Event of Default. The occurrence of any of the following events of default ("Event of Default") including a Material Adverse Event, as defined in Section 3.7, shall, at the option of the Holder hereof, make all sums of or principal and interest then remaining unpaid hereon and all other amounts payable hereunder immediately due and payable, upon all without demand, without presentmentpresentment or notice, or grace period, all of which hereby are expressly waived, except as set forth below:

Appears in 1 contract

Samples: Convertible Note (Sims Communications Inc)

Event of Default. The occurrence of any of the following events of default ("Event of Default") shall, at the option of the Holder hereof, make all sums of or principal and interest then remaining unpaid hereon and all other amounts payable hereunder immediately due and payable, upon all without demand, without presentmentpresentment or notice, or grace period, all of which hereby are expressly waived, except as set forth below:

Appears in 1 contract

Samples: Subscription Agreement (Multi Media Tutorial Services Inc)

Event of Default. The occurrence of any of the following events of default ("Event of Default") ”), unless timely cured as set forth herein, shall, at the option of the Holder Lender hereof, make all sums of principal and interest then remaining unpaid hereon and all other amounts payable hereunder immediately due and payable, upon demandwritten notice, however, without presentment, demand or grace period, protest all of which hereby are expressly waived, except as set forth below:

Appears in 1 contract

Samples: Guardion Health Sciences, Inc.

Event of Default. The occurrence of any of the following events of default ("Event of Default") shall, at the option of the Holder hereof, make all sums of principal and interest then remaining unpaid hereon and all other amounts payable hereunder immediately due and payable, upon demand, without presentment, presentment or grace period, all of which hereby are expressly waived, except as set forth below:

Appears in 1 contract

Samples: Escrow Agreement (Vicor Technologies, Inc.)

Event of Default. The occurrence of any of the following events of default ("Event of Default") shall, at the option of the any Holder hereof, make all sums of principal and interest then remaining unpaid hereon and all other amounts payable hereunder immediately due and payable, upon demand, without presentment, or grace period, all of which hereby are expressly waived, except as set forth below:

Appears in 1 contract

Samples: Senior Secured Note (Advance Nanotech, Inc.)

Event of Default. The occurrence of any of the following events of default ("Event of Default") after the date hereof shall, at the option of the Holder hereof, make all sums of principal and interest then remaining unpaid hereon and all other amounts payable hereunder immediately due and payable, upon demand, without presentment, or grace period, all of which hereby are expressly waived, except as set forth below:

Appears in 1 contract

Samples: Airtrax Inc

Event of Default. The occurrence of any of the following events of default ("Event of Default") shall, at the option of the Holder hereof, make all sums of principal and interest then remaining unpaid hereon and all other amounts payable hereunder immediately due and payable, upon all without demand, without presentmentpresentment or notice, or grace periodperiod (except as provided herein), all of which hereby are expressly waived, except as set forth below:: (note)

Appears in 1 contract

Samples: Cord Blood America, Inc.

Event of Default. The occurrence of any of the following events of default ("Event of Default") shall, at the option of the Holder hereof, make all sums of principal and interest then remaining unpaid hereon and all other amounts payable hereunder immediately due and payable, upon all without demand, without presentmentpresentment or notice, or grace period, all of which hereby are expressly waived, except as set forth below:;

Appears in 1 contract

Samples: Globetel Communications Corp

Event of Default. The occurrence of any of the following events of default ("Event of Default") shall, at the option of the Holder hereofMajority in Interest (as defined in the Collateral Agent Agreement discussed below), make all sums of principal and interest then remaining unpaid hereon and all other amounts payable hereunder immediately due and payable, upon all without demand, without presentmentpresentment or notice, or grace period, all of which hereby are expressly waived, except as set forth below:

Appears in 1 contract

Samples: Genius Products Inc

Event of Default. The occurrence of any of the following events of default ("Event of Default") after the date hereof shall, at the option of the Holder hereof, make all sums of principal and interest then remaining unpaid hereon and all other amounts payable hereunder immediately due and payable, upon demand, without presentment, or grace period, all of which hereby are expressly waived, except as set forth below:

Appears in 1 contract

Samples: Voip Inc

Event of Default. The occurrence of any of the following events of default ("Event of Default") shall, at the option of the Holder hereof, make all sums of principal and interest then remaining unpaid hereon and all other amounts payable hereunder immediately due and payable, upon all without demand, without presentmentpresentment or notice, or grace period, all of which hereby are expressly waived, except as set forth below:

Appears in 1 contract

Samples: Eroom System Technologies Inc

Event of Default. The occurrence of any of the following events of default ("Event of Default") shall, at the option of the Holder hereof, make all sums of principal and interest then remaining unpaid hereon and all other amounts payable hereunder under all the Notes immediately due and payable, upon demand, without presentment, or grace period, all of which hereby are expressly waived, except as set forth below:

Appears in 1 contract

Samples: Subscription Agreement (Nugen Holdings, Inc.)

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