Common use of Events of Clause in Contracts

Events of. Default: The occurrence of any of the following shall be deemed an Event of Default hereunder, shall relieve Lender of any further obligation to make Advances hereunder and shall permit Lender, at its option, to declare the Line of Credit to be forthwith due and payable together with all accrued and unpaid interest thereon, without presentation, demand, protest or other notice of any kind, all of which are expressly waived by Borrower:

Appears in 1 contract

Sources: Revolving Line of Credit Facility Agreement (PetroShare Corp.)