Common use of Rights and Remedies Upon Default Clause in Contracts

Rights and Remedies Upon Default. (a) After the occurrence and during the continuance of any Event of Default, the Collateral Agent shall have the right to exercise all of the remedies conferred hereunder and under the Notes, and the Collateral Agent shall have all the rights and remedies of a secured party under the UCC. Without limitation, the Collateral Agent, for the benefit of the Secured Parties, shall have the following rights and powers:

Appears in 27 contracts

Samples: Security Agreement (Accelerated Pharma, Inc.), Security Agreement (Vuzix Corp), Security Agreement (GT Biopharma, Inc.)

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Rights and Remedies Upon Default. (a) After Upon the occurrence and during the continuance of any Event of Default, the Secured Parties, acting through the Collateral Agent Agent, shall have the right to exercise all of the remedies conferred hereunder and under the NotesDebentures, and the Collateral Agent shall have all the rights and remedies of a secured party under the UCC. Without limitation, the Collateral Agent, for the benefit of the Secured Parties, shall have the following rights and powerspowers during the existence of an Event of Default:

Appears in 2 contracts

Samples: Security Agreement (Vaccinex, Inc.), Security Agreement (Vaccinex, Inc.)

Rights and Remedies Upon Default. (a) After Upon the occurrence and during the continuance of any Event of DefaultDefault and at any time thereafter, the Collateral Agent shall have the right to exercise all of the remedies conferred hereunder and under the Notes, and the Collateral Agent shall have all the rights and remedies of a secured party under the UCC. Without limitation, the Collateral Agent, for the benefit of the Secured Parties, Agent shall have the following rights and powers:

Appears in 1 contract

Samples: Security Agreement (Techniscan)

Rights and Remedies Upon Default. (a) After the occurrence and during the continuance of any Event of Default, the Collateral Agent shall have the right right, but is not obligated, to exercise all of the remedies conferred hereunder and under the Notes, and the Collateral Agent shall have all the rights and remedies of a secured party under the UCC. Without limitation, the Collateral Agent, for the benefit of the Secured Parties, shall have the following rights and powers:

Appears in 1 contract

Samples: Security Agreement (Echo Therapeutics, Inc.)

Rights and Remedies Upon Default. (a) After the occurrence and during the continuance of any Event of Default, the Collateral Agent may (and shall have at the right to request of the Majority in Interest) exercise all of the remedies conferred hereunder and under the Notes, and the Collateral Agent shall have all the rights and remedies of a secured party under the UCC. Without limitation, the Collateral Agent, for the benefit of the Secured Parties, shall have the following rights and powers:

Appears in 1 contract

Samples: Security Agreement (Cambridge Heart Inc)

Rights and Remedies Upon Default. (a) After the occurrence Upon and during the continuance of any Event of Default, the Collateral Agent shall have the right to exercise exercise, upon the written direction of the Required Vendors, all of the remedies conferred hereunder and under the NotesSettlement Agreement, and the Collateral Agent shall have all the rights and remedies of a secured party under the UCC. Without limitation, the Collateral Agent, for the benefit of the Secured Parties, shall have the following rights and powers:.

Appears in 1 contract

Samples: Security Agreement (Precipio, Inc.)

Rights and Remedies Upon Default. (a) After the Upon occurrence and during the continuance of any Event of DefaultDefault and at any and all times thereafter, the Collateral Agent shall have the right to exercise all of the remedies conferred to the Secured Party hereunder and under the NotesNote, and the Collateral Agent shall have all the rights and remedies of a secured party under the UCCUCC and/or any other applicable law (including the Uniform Commercial Code of any jurisdiction in which any Collateral is then subject). Without limitation, the Collateral Agent, for the benefit of the Secured Parties, Agent shall have the following rights and powers:

Appears in 1 contract

Samples: Security Agreement (True Drinks Holdings, Inc.)

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Rights and Remedies Upon Default. (a) After Upon the occurrence and during the continuance continuation of any Event of Default, the Collateral Agent Agent, for the benefit of the Secured Parties, shall have the right to exercise all of the remedies conferred hereunder and under the Notes, and the Collateral Agent shall have all the rights and remedies of a secured party under the UCC. Without limitation, the Collateral Agent, for the benefit of the Secured Parties, shall have the following rights and powers:

Appears in 1 contract

Samples: Security Agreement (Genius Group LTD)

Rights and Remedies Upon Default. (a) After Upon the occurrence and during the continuance of any Event of DefaultDefault and at any time thereafter, the Collateral Agent Agent, for the benefit of the Secured Parties, acting through any agent it appoints for such purpose, shall have the right to exercise all of the remedies conferred hereunder and under the Notes, and the Collateral Agent Agent, for the benefit of the Secured Parties, shall have all the rights and remedies of a secured party under the UCC. Without limitation, the Collateral Agent, for the benefit of the Secured Parties, Agent shall have the following rights and powers:

Appears in 1 contract

Samples: Security Agreement (Pipeline Data Inc)

Rights and Remedies Upon Default. (a) After the occurrence and during the continuance of any Event of Default, and subject to the R&R Security Interest, the Collateral Agent shall have the right to exercise all of the remedies conferred hereunder and under the Notes, and the Collateral Agent shall have all the rights and remedies of a secured party under the UCC. Without limitation, the Collateral Agent, for the benefit of the Secured Parties, shall have the following rights and powers:

Appears in 1 contract

Samples: Security Agreement (Dataram Corp)

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