Common use of Exim Direction Clause in Contracts

Exim Direction. Upon the occurrence of an Event of Default, Exim Bank -------------- shall have a right to: (i) direct Bank to exercise the remedies specified in Section 9.1 and (ii) request that Bank accelerate the maturity of any other loans to Borrower as to which Bank has a right to accelerate.

Appears in 4 contracts

Sources: Export Import Bank Loan and Security Agreement, Loan and Security Agreement (LTX Corp), Loan and Security Agreement (Seachange International Inc)

Exim Direction. Upon the occurrence of an Event of Default, Exim Bank -------------- shall have a right to: to (i) direct Bank to exercise the remedies specified in Section 9.1 and (ii) request that Bank accelerate the maturity of any other loans to Borrower as to which Bank has a right to accelerateBorrower.

Appears in 3 contracts

Sources: Loan and Security Agreement (Pharsight Corp), Loan and Security Agreement (Matrixone Inc), Export Import Bank Loan and Security Agreement (Invision Technologies Inc)

Exim Direction. Upon the occurrence and during the continuance of an Event of Default, Exim Bank -------------- shall have a right to: (i) direct Bank to exercise the remedies specified in Section section 9.1 and (ii) request that Bank accelerate the maturity of any other loans to Borrower as to which Bank has a right to accelerate.

Appears in 1 contract

Sources: Loan and Security Agreement (Iridex Corp)

Exim Direction. Upon the occurrence of an Event of Default, Exim Bank -------------- shall have a right to: to (i) direct Bank Lender to exercise the remedies specified in Section 9.1 7.2 and (ii) request that Bank Lender accelerate the maturity of any other loans to Borrower as to which Bank has a right to accelerateBorrower.

Appears in 1 contract

Sources: Loan and Security Agreement (Biolase, Inc)

Exim Direction. Upon the occurrence of an Event of Default, Exim Bank -------------- shall have a right to: (i) direct Bank to exercise the remedies specified in Section section 9.1 and (ii) request that Bank accelerate the maturity of any other loans to Borrower as to which Bank has a right to accelerate.

Appears in 1 contract

Sources: Loan and Security Agreement (Quicklogic Corporation)

Exim Direction. Upon the occurrence of an Event of Default, -------------- Exim Bank -------------- shall have a right to: (i) direct Bank to exercise the remedies specified in Section 9.1 and (ii) request that Bank accelerate the maturity of any other loans to Borrower as to which Bank has a right to accelerate.

Appears in 1 contract

Sources: Loan and Security Agreement (Open Market Inc)