Common use of Unsecured Note Clause in Contracts

Unsecured Note. The amounts due and owing under this Note shall be unsecured obligations of the Debtor. If the Debtor does not repay the principal and all accrued interest to Holder on the Maturity Date, Holder may pursue any contractual, legal or equitable remedies that are available to it.

Appears in 2 contracts

Sources: Securities Purchase and Investor Rights Agreement (Adept Technology Inc), Supply, Development and License Agreement (Adept Technology Inc)