Full Recourse Note. THIS IS A FULL RECOURSE PROMISSORY NOTE. Accordingly, notwithstanding that Borrower’s obligations under this Note are secured by the Collateral, in the event of a material default hereunder, Lender shall have full recourse to all the other assets of Borrower. Moreover, Lender shall not be required to proceed against or exhaust any Collateral, or to pursue any Collateral in any particular order, before Lender pursues any other remedies against Borrower or against any of Borrower’s assets.
Appears in 12 contracts
Samples: Preferred Stock Purchase Agreement (Entech Solar, Inc.), Securities Purchase Agreement (ZBB Energy Corp), Securities Purchase Agreement (ZBB Energy Corp)
Full Recourse Note. THIS IS A FULL RECOURSE PROMISSORY NOTEThis is a full recourse promissory note. Accordingly, notwithstanding that Borrower’s obligations under this Note are secured by the Collateral, in the event of a material default Default hereunder, Lender shall will have full recourse to the Collateral and all the other assets of Borrower. Moreover, Lender shall will not be required to proceed against or exhaust any Collateral, or to pursue any Collateral in any particular order, before Lender pursues any other remedies against Borrower or against any of Borrower’s assets.
Appears in 5 contracts
Samples: Stock Purchase Agreement (Camber Energy, Inc.), Securities Purchase Agreement (Beyond Commerce, Inc.), Securities Purchase Agreement (Immune Pharmaceuticals Inc)
Full Recourse Note. THIS IS A FULL RECOURSE PROMISSORY NOTEThis is a full recourse promissory note. Accordingly, notwithstanding that Borrower’s obligations under this Note are secured by the Collateral, in the event of a material default hereunder, Lender shall will have full recourse to all the other assets of Borrower. Moreover, Lender shall will not be required to proceed against or exhaust any Collateral, or to pursue any Collateral in any particular order, before Lender pursues any other remedies against Borrower or against any of Borrower’s assets.
Appears in 4 contracts
Samples: Common Stock Purchase Agreement (Uluru Inc.), Common Stock Purchase Agreement (Uluru Inc.), Stock Purchase Agreement (POSITIVEID Corp)
Full Recourse Note. THIS IS A FULL RECOURSE PROMISSORY NOTEThis is a full recourse promissory note. Accordingly, notwithstanding that Borrower’s 's obligations under this Note are secured by the Collateral, in the event of a material default Default hereunder, Lender shall will have full recourse to all the other assets of Borrower. Moreover, Lender shall will not be required to proceed against or exhaust any Collateral, or to pursue any Collateral in any particular order, before Lender pursues any other remedies against Borrower or against any of Borrower’s 's assets.
Appears in 1 contract
Samples: Stock Purchase Agreement (East Coast Diversified Corp)
Full Recourse Note. THIS IS A FULL RECOURSE PROMISSORY NOTE. Accordingly, notwithstanding that Borrower’s obligations under this Note are secured by the Collateral, in the event of a material default hereunder, Lender shall have full recourse to all the other assets of Borrower. Moreover, Lender shall not be required to proceed against or exhaust any Collateral, or to pursue any Collateral in any particular order, before Lender pursues any other remedies against Borrower or against any of Borrower’s assets.
Appears in 1 contract
Samples: Preferred Stock Purchase Agreement (International Stem Cell CORP)
Full Recourse Note. THIS IS A FULL RECOURSE PROMISSORY NOTEThis is a full recourse promissory note. Accordingly, notwithstanding that Borrower’s obligations under this Note are secured by the Collateral, in the event of a material default Default hereunder, Lender shall will have full recourse to all the other assets of Borrower. Moreover, Lender shall will not be required to proceed against or exhaust any Collateral, or to pursue any Collateral in any particular order, before Lender pursues any other remedies against Borrower or against any of Borrower’s assets.
Appears in 1 contract
Samples: Share Subscription Agreement (NewLead Holdings Ltd.)
Full Recourse Note. THIS IS A FULL RECOURSE PROMISSORY NOTE. Accordingly, notwithstanding that Borrower’s obligations under this Note are secured by the Collateral, in the event of either (i) a payment default, or (ii) a material non-monetary default hereunder, Lender shall have full recourse to all the other assets of Borrower. Moreover, Lender shall not be required to proceed against or exhaust any Collateral, or to pursue any Collateral in any particular order, before Lender pursues any other remedies against Borrower or against any of Borrower’s assets.
Appears in 1 contract
Samples: Preferred Stock Purchase Agreement (International Stem Cell CORP)
