Common use of Notice of an Event of Default Clause in Contracts

Notice of an Event of Default. Upon the occurrence of an Event of Default with respect to this Note or any Other Note then outstanding, the Company shall within five (5) Business Days deliver written notice thereof via facsimile or email and overnight courier (with next day delivery specified) (an “Event of Default Notice”) to the Holder. At any time after the occurrence of an Event of Default, the Holder may, by notice to the Company, declare all of the Other Notes to be forthwith due and payable, whereupon the principal and all accrued and unpaid interest thereon, plus all costs of enforcement and collection (including court costs and reasonable attorney’s fees), shall immediately become and be forthwith due and payable, without presentment, demand, protest or further notice of any kind, all of which are hereby expressly waived by the Company

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Canfield Medical Supply, Inc.), Canfield Medical Supply, Inc.

AutoNDA by SimpleDocs

Notice of an Event of Default. Upon the occurrence of an Event of Default with respect to this Note or any Other Note then outstandingNote, the Company shall within five three (53) Business Days deliver written notice thereof via facsimile or email and overnight courier (with next day delivery specified) (an “Event of Default Notice”) to the Holder. At any time after the occurrence earlier of the Holder’s receipt of an Event of Default Notice and the Holder becoming aware of an Event of Default, the Holder may, by notice to the Company, declare all of the Other Notes this Note to be forthwith due and payable, whereupon the principal Principal and all accrued and unpaid interest Interest thereon, plus all reasonable costs of enforcement and collection (including court costs and reasonable attorney’s fees), shall immediately become and be forthwith due and payable, without presentment, demand, protest or further notice of any kind, all of which are hereby expressly waived by the Company.

Appears in 1 contract

Samples: Security Agreement (Resonant Inc)

AutoNDA by SimpleDocs

Notice of an Event of Default. Upon the occurrence of an Event of Default with respect to this Note or any Other Note then outstandingNote, the Company shall within five (5) Business Days deliver written notice thereof via facsimile or email and overnight courier (with next day delivery specified) (an “Event of Default Notice”) to the Holder. At any time after the occurrence of an Event of Default, the Holder Required Holders may, by notice to the Company, declare all of the Other Notes to be forthwith due and payable, whereupon the principal Principal and all accrued and unpaid interest Interest thereon, plus all costs of enforcement and collection (including court costs and reasonable attorney’s fees), shall immediately become and be forthwith due and payable, without presentment, demand, protest or further notice of any kind, all of which are hereby expressly waived by the Company.

Appears in 1 contract

Samples: Securities Purchase Agreement (Atomera Inc)

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