Common use of RIGHTS AND REMEDIES ON DEFAULT Clause in Contracts

RIGHTS AND REMEDIES ON DEFAULT. If an Event of Default occurs under this Agreement, at any time thereafter, Lender shall have all the rights of a secured party under the Texas Uniform Commercial Code. In addition and without limitation, Lender may exercise any one or more of the following rights and remedies: Accelerate Indebtedness. Lender may declare the entire Indebtedness immediately due and payable, without notice.

Appears in 8 contracts

Samples: Security Agreement (Globalscape Inc), Security Agreement (Globalscape Inc), Security Agreement (Globalscape Inc)

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RIGHTS AND REMEDIES ON DEFAULT. If an Event of Default occurs under this Agreement, at any time thereafter, Lender shall have all the rights of a secured party under the Texas Uniform Commercial Code. In addition and without limitation, Lender may exercise any one or more of the following rights and remedies: Accelerate Indebtedness. Lender may declare the entire Indebtedness immediately due and payable, without noticenotice of any kind to Grantor.

Appears in 5 contracts

Samples: Commercial Security Agreement (Vista Proppants & Logistics Inc.), Business Loan Agreement (NYTEX Energy Holdings, Inc.), Commercial Security Agreement (Dougherty's Pharmacy, Inc.)

RIGHTS AND REMEDIES ON DEFAULT. If an Event of Default occurs under this Agreement, at any time thereafter, Lender shall have all the rights of a secured party under the Texas Uniform Commercial Code. In addition and without limitation, Lender may exercise any one or more of the following rights and remedies: Accelerate Indebtedness. Lender may declare the entire Indebtedness indebtedness immediately due and payable, without notice.

Appears in 3 contracts

Samples: Commercial Security Agreement (Globalscape Inc), Commercial Security Agreement (Globalscape Inc), Commercial Security Agreement (Globalscape Inc)

RIGHTS AND REMEDIES ON DEFAULT. If an Event of Default occurs under this Agreement, at any time thereafter, Lender shall have all the rights of a secured party under the Texas Uniform Commercial Code. In addition and without limitation, Lender may exercise any one or more of the following rights and remedies: Accelerate IndebtednessACCELERATE INDEBTEDNESS. Lender may declare the entire Indebtedness immediately due and payable, without notice.

Appears in 3 contracts

Samples: Commercial Security Agreement (Si Diamond Technology Inc), Loan Agreement (Global Election Systems Inc), Mitcham Industries Inc

RIGHTS AND REMEDIES ON DEFAULT. If an Event of Default occurs under this Agreement, at any time thereafter, Lender shall have all the rights of a secured party under the Texas Uniform Commercial Code. In addition and without limitation, Lender may exercise any one or more of the following rights and remedies: Accelerate Indebtedness. ACCELERATE INDEBTEDNESS. Lender may declare the entire Indebtedness immediately due and payable, without notice.

Appears in 2 contracts

Samples: Surrey Inc, Surrey Inc

RIGHTS AND REMEDIES ON DEFAULT. If an Event of Default occurs under this Agreement, at any time thereafter, Lender shall have all the rights of a secured party under the Texas Uniform Commercial Code. In addition and without limitation, Lender may exercise any one or more of the following rights and remedies: Accelerate IndebtednessACCELERATE INDEBTEDNESS. Lender may declare the entire Indebtedness immediately due and payable, without noticenotice of any kind to Grantor.

Appears in 1 contract

Samples: Security Agreement (Collegiate Pacific Inc)

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RIGHTS AND REMEDIES ON DEFAULT. If an Event of Default occurs under this Agreement, at any time thereafter, Lender shall have all the rights of a secured party under the Texas Uniform Commercial Code. In addition and without limitation, Lender may exercise any one or more of the following rights and remediesremedies only after Grantor has exhausted all remedies under the Cure Provisions section as referenced above: Accelerate Indebtedness. Lender may declare the entire Indebtedness immediately due and payable, without noticenotice of any kind to Grantor.

Appears in 1 contract

Samples: Security Agreement (Applied Optoelectronics, Inc.)

RIGHTS AND REMEDIES ON DEFAULT. If an Event of Default occurs under this Agreement, at any time thereafter, Lender shall have all the rights of a secured party under the Texas Uniform Commercial Code. In addition and without limitation, Lender may exercise any one or more of the following rights and remedies: Accelerate Indebtedness. Lender Lxxxxx may declare the entire Indebtedness immediately due and payable, without noticenotice of any kind to Granter.

Appears in 1 contract

Samples: Business Loan Agreement (Clearday, Inc.)

RIGHTS AND REMEDIES ON DEFAULT. If an Event of Default occurs under this Agreement, at any time thereafter, Lender shall have all the rights of a secured party under the Texas Uniform Commercial Code. In addition and without limitation, Lender may exercise any one or more of the following rights and remedies: Accelerate IndebtednessACCELERATE INDEBTEDNESS. Lender may declare the entire Indebtedness immediately due and payable, without noticenotice of any kind to Borrower or Grantor.

Appears in 1 contract

Samples: Security Agreement (Collegiate Pacific Inc)

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