Common use of Remedies on Default Clause in Contracts

Remedies on Default. (a) Upon each and every such Event of Default and at any time thereafter during the continuance of such Event of Default: (i) any and all indebtedness of Maker to Holder under this Note or otherwise shall immediately become due and payable, both as to principal and interest (including any deferred interest and any accrued and unpaid interest and any Default Interest); and (ii) Holder may exercise all the rights of a creditor under applicable state and/or federal law.

Appears in 31 contracts

Samples: Recapitalization Agreement (Northwest Biotherapeutics Inc), Consent and Agreement (Northwest Biotherapeutics Inc), Loan Agreement (Northwest Biotherapeutics Inc)

AutoNDA by SimpleDocs

Remedies on Default. (a) Upon each and every such Event of Default and at any time thereafter during the continuance of such Event of Default: (i) any and all indebtedness of and related amounts (including, without limitation, Default Payments) due from Maker to Holder under this Note or otherwise shall immediately become due and payable, both as to principal and interest (including any deferred interest and any accrued and unpaid interest and any Default Interest); and (ii) Holder may exercise all the rights of a creditor under applicable state and/or federal law.

Appears in 6 contracts

Samples: Northwest Biotherapeutics Inc, Northwest Biotherapeutics Inc, Northwest Biotherapeutics Inc

Remedies on Default. (a) Upon each and every such Event of Default and at any time thereafter during the continuance of such Event of Default: (i) any and all indebtedness of indebtedness, and related amounts due from the. Maker to the Holder under this Note or otherwise shall will immediately become due and payable, both as to principal and interest (including any deferred interest and any accrued and unpaid interest and any Default Interest); and (ii) Default Interest will accrue and be payable until all of the foregoing amounts have been paid in full and (iii) the Holder may exercise all the rights of a creditor under applicable state and/or federal law.

Appears in 1 contract

Samples: Loan Agreement (Northwest Biotherapeutics Inc)

Remedies on Default. (a) Upon each and every such Event of Default and at any time thereafter during the continuance of such Event of Default: (i) any and all indebtedness of . and related amounts due from the. Maker to the Holder under this Note or otherwise shall will immediately become due and payable, both as to principal and interest (including any deferred interest and any accrued and unpaid interest and any Default Interest); and (ii) Default Interest will accrue and be payable until all of the foregoing amounts have been paid in full and (iii) the Holder may exercise all the rights of a creditor under applicable state and/or federal law.

Appears in 1 contract

Samples: Loan Agreement (Northwest Biotherapeutics Inc)

Remedies on Default. (a) Upon each and every such Event of Default and at any time thereafter during the continuance of such Event of Default: (i) any and all indebtedness of and related amounts (including, without limitation, Default Payments) due from the Maker to the Holder under this Note or otherwise shall will immediately become due and payable, both as to principal and interest (including any deferred interest and any accrued and unpaid interest and any Default Interest); and (ii) the Holder may exercise all the rights of a creditor under applicable state and/or federal law.

Appears in 1 contract

Samples: Northwest Biotherapeutics Inc

AutoNDA by SimpleDocs

Remedies on Default. (a) Upon each and every such Event of Default and at any time thereafter during the continuance of such Event of Default: (i) any and all indebtedness of Maker to Holder under this Note or otherwise shall immediately become due and payable, both as to principal and interest (including any deferred interest and any accrued and unpaid interest and any Default Interest); and (ii) Holder may exercise all the rights of a creditor under applicable state and/or federal law.Default

Appears in 1 contract

Samples: Northwest Biotherapeutics Inc

Remedies on Default. (a) Upon each and every such Event of Default and at any time thereafter during the continuance of such Event of Default: (i) any and all indebtedness of and related amounts (including, without limitation, Default Payments) due from Maker to Holder under this Note or otherwise shall will immediately become due and payable, both as to principal and interest (including any deferred interest and any accrued and unpaid interest and any Default Interest); and (ii) Holder may exercise all the rights of a creditor under applicable state and/or federal law.

Appears in 1 contract

Samples: Northwest Biotherapeutics Inc

Time is Money Join Law Insider Premium to draft better contracts faster.