Events of Default; Acceleration. Upon the occurrence and during the continuation of any Event of Default, the obligation of Lender to make any additional Loan shall be suspended. The occurrence and continuation of any of the following (each, an “Event of Default”) shall at the option of Lender (1) make all sums of Basic Interest and principal, as well as any other Obligations and amounts owing under any Loan Documents, immediately due and payable without notice of default, presentment or demand for payment, protest or notice of nonpayment or dishonor or any other notices or demands, and (2) give Lender the right to exercise any other right or remedy provided by contract or applicable law:
Appears in 7 contracts
Samples: Loan and Security Agreement (Impel Neuropharma Inc), Loan and Security Agreement (Viveon Health Acquisition Corp.), Loan and Security Agreement (Cytocom, Inc.)
Events of Default; Acceleration. Upon the occurrence and during the continuation of any Event of Default, the obligation of Lender to make any additional Loan shall be suspended. The occurrence and continuation of any of the following (each, an “Event of Default”) shall terminate any obligation of Lender to make any additional Loan; and shall, at the option of Lender (1) make all sums of Basic Interest and principal, as well as all Terminal Payments, and any other Obligations and other amounts owing under any Loan Documents, Documents immediately due and payable without notice of default, presentment or demand for payment, protest or notice of nonpayment or dishonor or any other notices or demands, and (2) give Lender the right to exercise any other right or remedy provided by contract or applicable law:
Appears in 7 contracts
Samples: Loan and Security Agreement (Oculus Innovative Sciences, Inc.), Loan and Security Agreement (EnteroMedics Inc), Loan and Security Agreement (Neutral Tandem Inc)
Events of Default; Acceleration. Upon the occurrence and during the continuation of any Event of Default, the obligation of Lender to make any additional Loan shall be suspended. The occurrence and continuation of any of the following (each, an “Event of Default”) shall terminate any obligation of Lender to make any additional Loan; and shall, at the option of Lender (1) make all sums of Basic Interest and principal, as well as any other Obligations and amounts owing under any Loan Documents, immediately due and payable without notice of default, presentment or demand for payment, protest or notice of nonpayment or dishonor or any other notices or demands, and (2) give Lender the right to exercise any other right or remedy provided by contract or applicable law:
Appears in 5 contracts
Samples: Loan and Security Agreement (Stable Road Acquisition Corp.), Loan and Security Agreement (Identiv, Inc.), Loan and Security Agreement (Arrowroot Acquisition Corp.)
Events of Default; Acceleration. Upon the occurrence and during the continuation of any Event of Default, the obligation of Lender to make any additional Loan shall be suspended. The occurrence and continuation of any of the following (each, an “"Event of Default”") shall terminate any obligation of Lender to make any additional Loan; and shall, at the option of Lender (1) make all sums of Basic Interest and principal, as well as all Terminal Payments, and any other Obligations and other amounts owing under any Loan Documents, Documents immediately due and payable without notice of default, presentment or demand for payment, protest or notice of nonpayment or dishonor or any other notices or demands, and (2) give Lender the right to exercise any other right or remedy provided by contract or applicable law:
Appears in 4 contracts
Samples: Loan and Security Agreement (Ramp Networks Inc), Loan and Security Agreement (Cancervax Corp), Loan and Security Agreement (Cosine Communications Inc)
Events of Default; Acceleration. Upon the occurrence and during the continuation of any Event of Default, the obligation of Lender to make any additional Loan shall be suspended. The occurrence and continuation of any of the following (each, an “Event of Default”) shall terminate any obligation of Lender to make any additional Loan; and shall, at the option of Lender (1) make all sums of Basic Interest and principal, as well as all Final Payments, and any other Obligations and other amounts owing under any Loan Documents, Documents immediately due and payable without notice of default, presentment or demand for payment, protest or notice of nonpayment or dishonor or any other notices or demands, and (2) give Lender the right to exercise any other right or remedy provided by contract or applicable law:
Appears in 4 contracts
Samples: Loan and Security Agreement (Oculus Innovative Sciences, Inc.), Loan and Security Agreement (Nanosphere Inc), Loan and Security Agreement (Nanosphere Inc)
Events of Default; Acceleration. Upon the occurrence and during the continuation of any Event of Default, the obligation of Lender to make any additional Loan shall be suspended. The occurrence and continuation of any of the following (eachshall terminate any obligation of Lender to make any additional Loan; and shall, an “Event of Default”) shall at the option of Lender (1) make all sums of Basic Interest and principal, as well as any all Terminal Payments, and other Obligations and amounts owing under any Loan Documents, Documents immediately due and payable without notice of default, presentment or demand for payment, protest or notice of nonpayment or dishonor or any other notices or demands, and (2) give Lender the right to exercise any other right or remedy provided by contract or applicable law:
Appears in 4 contracts
Samples: Loan and Security Agreement (Adforce Inc), Loan and Security Agreement (Adforce Inc), Loan and Security Agreement (Adforce Inc)
Events of Default; Acceleration. Upon the occurrence and during the continuation of any Event of Default, the obligation of each Lender to make any additional Loan shall be suspended. The occurrence and continuation of any of the following (each, an “Event of Default”) shall at the option of Lender Agent, at the direction of the Required Lenders (1) make all sums of Basic Interest and principal, as well as any other Obligations and amounts owing under any Loan Documents, immediately due and payable without notice of default, presentment or demand for payment, protest or notice of nonpayment or dishonor or any other notices or demands, and (2) give Lender Agent the right to exercise any other right or remedy provided by contract or applicable law:
Appears in 4 contracts
Samples: Loan and Security Agreement (LifeMD, Inc.), Loan and Security Agreement (Rani Therapeutics Holdings, Inc.), Loan and Security Agreement (Abeona Therapeutics Inc.)
Events of Default; Acceleration. Upon the occurrence and during the continuation of any Event of Default, the obligation of Lender to make any additional Loan shall be suspended. The occurrence and continuation of any of the following (each, an “Event of Default”) shall terminate any obligation of Lender to make any additional Loan; and shall, at the option of Lender (1) make all sums of Basic Interest interest and principal, as well as any other Obligations and amounts owing under any Loan Documents, Documents immediately due and payable without notice of default, presentment or demand for payment, protest or notice of nonpayment or dishonor or any other notices or demands, demands and (2) give Lender the right to exercise any other right or remedy provided by contract or applicable law:
Appears in 2 contracts
Samples: Security Agreement (Tauriga Sciences, Inc.), Security Agreement (Tauriga Sciences, Inc.)
Events of Default; Acceleration. Upon the occurrence and during the continuation of any Event of Default, the obligation of each Lender to make any additional Loan shall be suspended. The occurrence and continuation of any of the following (each, an “Event of Default”) shall terminate any obligation of Lenders to make any additional Loan; and shall, at the option of Lender Majority Lenders (1) make all sums of Basic Interest and principal, as well as all Terminal Payments, and any other Obligations and other amounts owing under any Loan Documents, Documents immediately due and payable without notice of default, presentment or demand for payment, protest or notice of nonpayment or dishonor or any other notices or demands, and (2) give Lender Agent and Lenders the right to exercise any other right or remedy provided by contract or applicable law:
Appears in 2 contracts
Samples: Loan and Security Agreement (BTHC VI Inc), Loan and Security Agreement (Athersys, Inc / New)
Events of Default; Acceleration. Upon the occurrence and during the continuation of any Event of Default, the obligation of each Lender to make any additional Loan shall be suspended. The occurrence and continuation of any of the following (each, an “Event of Default”) shall at the option of Lender Agent, at the direction of Lenders (1) make all sums of Basic Interest and principal, as well as any other Obligations and amounts owing under any Loan Documents, immediately due and payable without notice of default, presentment or demand for payment, protest or notice of nonpayment or dishonor or any other notices or demands, and (2) give Lender Agent the right to exercise any other right or remedy provided by contract or applicable law:
Appears in 2 contracts
Samples: Loan and Security Agreement (Beyond Air, Inc.), Loan and Security Agreement (Benson Hill, Inc.)
Events of Default; Acceleration. Upon the occurrence and during the continuation of any Event of Default, the obligation of Lender to make any additional Loan shall be suspended. The occurrence and continuation of any of the following (each, an “Event of Default”) shall terminate any obligation of Lender to make any additional Loan; and shall, at the option of Lender (1) make all sums of Basic Interest and principal, as well as and any other Obligations and other amounts owing under any Loan Documents, Documents immediately due and payable without notice of defaultdefault (except as set forth in Section 7.1A), presentment or demand for payment, protest or notice of nonpayment or dishonor or any other notices (except as set forth in Section 7.1A) or demands, and (2) give Lender the right to exercise any other right or remedy provided by contract or applicable law:
Appears in 2 contracts
Samples: Loan and Security Agreement (Emphasys Medical, Inc.), Loan and Security Agreement (Emphasys Medical, Inc.)
Events of Default; Acceleration. Upon the occurrence and during the continuation of any Event of Default, the obligation of each Lender to make any additional Loan shall be suspended. The Upon the occurrence and continuation of any of the following (each, an “Event of Default”) shall at the option of Lender ), (1) the Agent shall, at the direction of the Required Lenders make all sums of Basic Interest and principal, as well as any other Obligations and amounts owing under any Loan Documents, immediately due and payable without notice of default, presentment or demand for payment, protest or notice of nonpayment or dishonor or any other notices or demands, and (2) give Lender Agent, at the direction of the Required Lenders, shall have the right to exercise any other right or remedy provided by contract or applicable law:
Appears in 1 contract
Samples: Loan and Security Agreement (Health Sciences Acquisitions Corp 2)
Events of Default; Acceleration. Upon the occurrence and during the continuation of any Event of Default, the obligation of Lender to make any additional Loan shall be suspended. The occurrence and continuation of any of the following (each, an “Event of Default”) shall terminate any obligation of Lender to make any additional Loan; and shall, at the option of Lender (1) make all sums of Basic Interest Interest, principal and principal, as well as any other Obligations and other amounts owing under any Loan Documents, Documents immediately due and payable without notice of default, presentment or demand for payment, protest or notice of nonpayment or dishonor or any other notices or demands, and (2) give Lender the right to exercise any other right or remedy provided by contract or applicable law:
Appears in 1 contract
Events of Default; Acceleration. Upon the occurrence and during the continuation of any Event of Default, the obligation of each Lender to make any additional Loan shall be suspended. The occurrence and continuation of any of the following (each, an “Event of Default”) shall at the option of Lender Agent, at the direction of Required Lenders (1) make all sums of Basic Interest and principal, as well as any other Obligations and amounts owing under any Loan Documents, immediately due and payable without notice of default, presentment or demand for payment, protest or notice of nonpayment or dishonor or any other notices or demands, and (2) give Lender Agent the right to exercise any other right or remedy provided by contract or applicable law:
Appears in 1 contract
Events of Default; Acceleration. Upon the occurrence and during the continuation of any Event of Default, the obligation of Lender to make any additional Loan shall be suspended. The occurrence and continuation of any of the following (each, an “Event of Default”) shall at Lender’s option, terminate any obligation of Lender to make any additional Loan; and shall, at the option of Lender (1) make all sums of Basic Interest and principal, as well as all Terminal Payments, and any other Obligations and other amounts owing under any Loan Documents, Documents immediately due and payable without notice of default, presentment or demand for payment, protest or notice of nonpayment or dishonor or any other notices or demands, and (2) give Lender the right to exercise any other right or remedy provided by contract or applicable law:
Appears in 1 contract
