Common use of Remedies Upon an Event of Default Clause in Contracts

Remedies Upon an Event of Default. (a) Upon the occurrence and during the continuance of an Event of Default described in subsection 15(g) hereof, all of the Liabilities shall immediately and automatically become due and payable, without notice of any kind. Upon the occurrence of any other Event of Default, all Liabilities may, at the option of Lender, and without demand, notice or legal process of any kind, be declared, and immediately shall become, due and payable.

Appears in 9 contracts

Samples: Loan and Security Agreement (Sri Surgical Express Inc), Loan and Security Agreement (Obsidian Enterprises Inc), Loan and Security Agreement (Coast Distribution System Inc)

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Remedies Upon an Event of Default. (a) Upon the occurrence and during the continuance of an Event of Default described in subsection 15(g) hereof, all of the Liabilities shall immediately and automatically become due and payable, without notice of any kind. Upon the occurrence of any other Event of Default, all Liabilities may, at the option of LenderRequisite Lenders, and without demand, notice or legal process of any kind, be declared, and immediately shall become, due and payable.

Appears in 8 contracts

Samples: Loan and Security Agreement (Amcon Distributing Co), Loan and Security Agreement (Cobra Electronics Corp), Loan and Security Agreement (Omni Energy Services Corp)

Remedies Upon an Event of Default. (a) Upon the occurrence and during the continuance of an Event of Default described in subsection 15(g) hereof, all of the Liabilities shall immediately and automatically become due and payable, without notice of any kind. Upon the occurrence of any other Event of Default, all Liabilities may, at the option of Lender, and without demand, notice or legal process of any kind, be declared, and immediately shall become, due and payable.

Appears in 7 contracts

Samples: Loan and Security Agreement (Wells Gardner Electronics Corp), Loan and Security Agreement (Hartville Group Inc), Loan and Security Agreement (Oilgear Co)

Remedies Upon an Event of Default. (a) Upon the occurrence and during the continuance of an Event of Default described in subsection 15(gparagraph 16(e) hereof, all of the Liabilities shall immediately and automatically become due and payable, without notice of any kind. Upon the occurrence of any other Event of Default, all of the Liabilities may, at the option of LenderLaSalle, and without demand, notice or legal process of any kind, be declared, and immediately shall become, due and payable.

Appears in 6 contracts

Samples: Loan and Security Agreement (Hei Inc), Loan and Security Agreement (Morrow Snowboards Inc), Loan and Security Agreement (Nematron Corp)

Remedies Upon an Event of Default. (a) Upon the occurrence and during the continuance of an Event of Default described in subsection Subsection 15(g) hereof, all of the Liabilities Obligations shall immediately and automatically become due and payable, without notice of any kind. Upon the occurrence of any other Default or Event of Default, all Liabilities Obligations may, at the option of Lender, and without demand, notice or legal process of any kind, be declared, and immediately shall become, due and payable.

Appears in 4 contracts

Samples: Loan and Security Agreement (Crdentia Corp), Loan and Security Agreement (Crdentia Corp), Loan and Security Agreement (Crdentia Corp)

Remedies Upon an Event of Default. (a) Upon the occurrence and during the continuance of an Event of Default described in subsection 15(g) hereof, all of the Liabilities shall immediately and automatically become due and payable, without notice of any kind. Upon the occurrence and during the continuance of any other Event of Default, all Liabilities may, at the option of LenderRequisite Lenders, and without demand, notice or legal process of any kind, be declared, and immediately shall become, due and payable.

Appears in 4 contracts

Samples: Loan and Security Agreement (Apac Customer Service Inc), Loan and Security Agreement (Apac Customer Service Inc), Loan and Security Agreement (Apac Customer Service Inc)

Remedies Upon an Event of Default. (a) Upon the occurrence and during the continuance of an Event of Default described in subsection 15(gsubparagraph 12(g) hereof, all of the Borrower's Liabilities shall immediately and automatically become due and payable, without notice of any kind. Upon the occurrence of any other Event of Default, all Liabilities may, at the option of LenderBank, and upon demand but without demand, notice or legal process of any kind, be declared, and immediately shall become, due and payable.

Appears in 3 contracts

Samples: Loan and Security Agreement (Empire of Carolina Inc), Loan and Security Agreement (Empire of Carolina Inc), Loan and Security Agreement (Empire of Carolina Inc)

Remedies Upon an Event of Default. (a) Upon the occurrence and during the continuance of an Event of Default described in subsection SUBSECTION 15(g) or 15(h) hereof, all of the Liabilities shall immediately and automatically become due and payable, without notice of any kind. Upon the occurrence of any other Event of Default, all Liabilities may, at the option of LenderAgent, and without demand, notice or legal process of any kind, be declared, and immediately shall become, due and payable.

Appears in 2 contracts

Samples: Loan and Security Agreement, Loan and Security Agreement (Sl Industries Inc)

Remedies Upon an Event of Default. (a) Upon the occurrence and during the continuance of an Event of Default described in subsection 15(gsubparagraph 12(h) or (i) hereof, all of the Borrower's Liabilities shall immediately and automatically become due and payable, without notice of any kind. Upon the occurrence of any other Event of Default, all Liabilities may, at the option of LenderBank, and without demand, notice or legal process of any kind, be declared, and immediately shall become, due and payable.

Appears in 2 contracts

Samples: Loan and Security Agreement (Amcon Distributing Co), Loan and Security Agreement (Amcon Distributing Co)

Remedies Upon an Event of Default. (a) Upon the occurrence and during the continuance of an Event of Default described in subsection Subsections 15(g) or (h) hereof, all of the Liabilities shall immediately and automatically become due and payable, without notice of any kindand this Agreement shall terminate. Upon the occurrence of any other Event of Default, all Liabilities may, at the option of Lender, and without demand, notice or legal process of any kind, be declared, and immediately shall become, due and payable.

Appears in 2 contracts

Samples: Loan and Security Agreement (Seven Arts Pictures PLC), Loan and Security Agreement (Seven Arts Pictures PLC)

Remedies Upon an Event of Default. (a) Upon Without limiting Lender's right to demand payment of the Liabilities at any time, upon the Termination Date or the occurrence and during the continuance of an Event of Default described in subsection 15(gSECTION 13(f) hereof, all of the Liabilities shall immediately and automatically become due and payable, without notice of any kind. Upon kind and upon the occurrence of any other Event of Default, all Liabilities may, at the option of Lender, and without demand, notice or legal process of any kind, be declared, and immediately shall become, due and payable.

Appears in 1 contract

Samples: Loan and Security Agreement (Triumph Fuels Corp)

Remedies Upon an Event of Default. (a) Upon the occurrence and during the continuance of an Event of Default described in subsection Section 15(g) or 15(h) hereof, all of the Liabilities shall immediately and automatically become due and payable, without notice of any kind. Upon the occurrence of any other Event of Default, all Liabilities may, at the option of LenderAgent, and without demand, notice or legal process of any kind, be declared, and immediately shall become, due and payable.

Appears in 1 contract

Samples: Loan and Security Agreement (Medical Technology Systems Inc /De/)

Remedies Upon an Event of Default. (a) Upon the occurrence and during the continuance of an Event of Default described in subsection 15(gparagraphs 16(e) or 16(f) hereof, all of the Liabilities shall immediately and automatically become due and payable, without notice or demand of any kind. Upon the occurrence of any other Event of Default, all of the Liabilities may, at the option of LenderLaSalle, and without demand, notice or legal process of any kind, be declared, and immediately shall become, due and payable.

Appears in 1 contract

Samples: Loan and Security Agreement (Omni Rail Products Inc)

Remedies Upon an Event of Default. (a) Upon the occurrence and during the continuance of an Event of Default described in subsection Subsection 15(g) hereof, all of the Liabilities Obligations shall immediately and automatically become due and payable, without notice of any kind. Upon the occurrence of any other Event of Default, all Liabilities Obligations may, at the option of Lender, and without demand, notice or legal process of any kind, be declared, and immediately shall become, due and payable.

Appears in 1 contract

Samples: Loan and Security Agreement (Cti Industries Corp)

Remedies Upon an Event of Default. (a) Upon a)Upon the occurrence and during the continuance of an Event of Default described in subsection 15(g) hereof, all of the Liabilities shall immediately and automatically become due and payable, without notice of any kind. Upon the occurrence of any other Event of Default, all Liabilities may, at the option of LenderRequisite Lenders, and without demand, notice or legal process of any kind, be declared, and immediately shall become, due and payable.

Appears in 1 contract

Samples: Loan and Security Agreement (Amcon Distributing Co)

Remedies Upon an Event of Default. (a) Upon the occurrence and during the continuance of an Event of Default described in subsection 15(g) or 15(h) hereof, all of the Liabilities shall immediately and automatically become due and payable, without notice of any kind. Upon the occurrence of any other Event of Default, all Liabilities may, at the option of Lender, and without demand, notice or legal process of any kind, be declared, and immediately shall become, due and payable.

Appears in 1 contract

Samples: Loan and Security Agreement (Lucille Farms Inc)

Remedies Upon an Event of Default. (a) Upon the occurrence and during the continuance of an Event of Default described in subsection 15(g) hereof, all of the Liabilities shall immediately and automatically become due and payable, without notice of any kind. Upon the occurrence and at any time during the continuance of any other Event of Default, all Liabilities may, at the option of LenderRequisite Lenders, and without demand, notice or legal process of any kind, be declared, and immediately shall become, due and payable.

Appears in 1 contract

Samples: Loan and Security Agreement (Coachmen Industries Inc)

Remedies Upon an Event of Default. (a) Upon the occurrence and during the continuance of an Event of Default described in subsection 15(g) hereof, all of the Liabilities shall immediately and automatically become due and payable, without notice of any kind. Upon the occurrence of If any other Event of DefaultDefault shall have occurred and be continuing, all Liabilities may, at the option of LenderRequisite Lenders, and without demand, notice or legal process of any kind, be declared, and immediately shall become, due and payable.

Appears in 1 contract

Samples: Loan and Security Agreement (Poindexter J B & Co Inc)

Remedies Upon an Event of Default. (a) Upon the occurrence and during the continuance of an Event of Default described in subsection ---------- 15(g) hereof, all of the Liabilities shall immediately and automatically become ----- due and payable, without notice of any kind. Upon the occurrence of any other Event of Default, all Liabilities may, at the option of Lender, and without demand, notice or legal process of any kind, be declared, and immediately shall become, due and payable.

Appears in 1 contract

Samples: Loan and Security Agreement (Hartville Group Inc)

Remedies Upon an Event of Default. (a) Upon the occurrence and during the continuance of an Event of Default described in subsection SUBSECTION 15(g) hereof, all of the Liabilities shall immediately and automatically become due and payable, without notice of any kind. Upon the occurrence of any other Event of Default, all Liabilities may, at the option of Lender, and without demand, notice or legal process of any kind, be declared, and immediately shall become, due and payable.

Appears in 1 contract

Samples: Loan and Security Agreement (Cohen Phillip Ean)

Remedies Upon an Event of Default. (a) a. Upon the occurrence and during the continuance of an Event of Default described in subsection 15(g) hereof, all of the Liabilities shall immediately and automatically become due and payable, without notice of any kind. Upon the occurrence of any other Event of Default, all Liabilities may, at the option of Lender, and without demand, notice or legal process of any kind, be declared, and immediately shall become, due and payable.

Appears in 1 contract

Samples: Loan and Security Agreement (Horizon Medical Products Inc)

Remedies Upon an Event of Default. (a) Upon the occurrence and during the continuance of an Event of Default described in subsection 15(gparagraph 16(e) or paragraph 16 (f) hereof, all of the Liabilities shall immediately and automatically become due and payable, without notice of any kind. Upon the occurrence of any other Event of Default, all of the Liabilities may, at the option of LenderAgent at the direction of Required Lenders, and without demand, notice or legal process of any kind, be declared, and immediately shall become, due and payable.

Appears in 1 contract

Samples: Loan and Security Agreement (Impco Technologies Inc)

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Remedies Upon an Event of Default. (a) Upon the occurrence and during the continuance of an Event of Default described in subsection 15(gparagraph 17(e) hereof, all of the Liabilities shall immediately and automatically become due and payable, without notice of any kind. Upon the occurrence of any other Event of Default, all of the Liabilities may, at the option of LenderAgent at the direction of Required Lenders, and without demand, notice or legal process of any kind, be declared, and immediately shall become, due and payable.

Appears in 1 contract

Samples: Loan and Security Agreement (Transact Technologies Inc)

Remedies Upon an Event of Default. (a) Upon the occurrence and during the continuance of an Event of Default described in subsection 15(gsubparagraph 12(h) or 12(i) hereof, all of the Liabilities shall immediately and automatically become due and payable, without notice of any kind. Upon the occurrence of any other Event of Default, all Liabilities may, at the option of LenderAgent or the Requisite Lenders, and without demand, notice or legal process of any kind, be declared, and immediately shall become, due and payable.

Appears in 1 contract

Samples: Loan and Security Agreement (Amcon Distributing Co)

Remedies Upon an Event of Default. (a) Upon the occurrence and during the continuance of an Event of Default described in subsection 15(gparagraph 16(e) hereof, all of the Liabilities shall immediately and automatically become due and payable, without notice of any kind. Upon the occurrence and during the continuance of any other Event of Default, all of the Liabilities may, at the option of LenderLaSalle, and without demand, notice or legal process of any kind, be declared, and immediately shall become, due and payable.

Appears in 1 contract

Samples: Loan and Security Agreement (American Materials & Technologies Corp)

Remedies Upon an Event of Default. (a) Upon the occurrence and during the continuance of an Event of Default described in subsection 15(g15(f) hereof, all of the Liabilities shall immediately and automatically become due and payable, without notice of any kind. Upon the occurrence of any other Event of Default, all Liabilities may, at the option of Lender, and without demand, notice or legal process of any kind, be declared, and immediately shall become, due and payable.

Appears in 1 contract

Samples: Loan and Security Agreement (DHB Capital Group Inc /De/)

Remedies Upon an Event of Default. (a) Upon the occurrence and during the continuance of an Event of Default described in subsection 15(gSUBSECTION 15(G) hereof, all of the Liabilities Obligations shall immediately and automatically become due and payable, without notice of any kind. Upon the occurrence of any other Default or Event of Default, all Liabilities Obligations may, at the option of Lender, and without demand, notice or legal process of any kind, be declared, and immediately shall become, due and payable.

Appears in 1 contract

Samples: Loan and Security Agreement (Crdentia Corp)

Remedies Upon an Event of Default. (a) Upon the occurrence and during the continuance of an Event of Default described in subsection ---------- 15(g) hereof, all of the Liabilities shall immediately and automatically become ----- due and payable, without notice of any kind. Upon the occurrence of any other Event of Default, all Liabilities may, at the option of LenderRequisite Lenders, and without demand, notice or legal process of any kind, be declared, and immediately shall become, due and payable.

Appears in 1 contract

Samples: Loan and Security Agreement (Cobra Electronics Corp)

Remedies Upon an Event of Default. (a) Upon the occurrence and during the continuance of an Event of Default described in subsection 15(gparagraph 17(e) hereof, all of the Liabilities shall immediately and automatically become due and payable, without notice of any kind. Upon the occurrence of any other Event of Default, all of the Liabilities may, at the option of Lender, and without demand, notice or legal process of any kind, be declared, and immediately shall become, due and payable.

Appears in 1 contract

Samples: Loan and Security Agreement (Security Capital Corp/De/)

Remedies Upon an Event of Default. (a) Upon the occurrence and during the continuance of an Event of Default described in subsection 15(gSUBSECTION 15(F) hereof, all of the Liabilities shall immediately and automatically become due and payable, without notice of any kind. Upon the occurrence of any other Event of Default, all Liabilities may, at the option of LenderRequisite Lenders, and without demand, notice or legal process of any kind, be declared, and immediately shall become, due and payable.

Appears in 1 contract

Samples: Loan and Security Agreement (DHB Industries Inc)

Remedies Upon an Event of Default. (a) Upon the occurrence and during the continuance of an Event of Default described in subsection 15(gParagraph 12(g) hereof, all of the Liabilities shall immediately and automatically become due and payable, without notice of any kind. Upon the occurrence of any other Event of Default, all Liabilities may, at the option of LenderRequisite Lenders, and without demand, notice or legal process of any kind, be declared, and immediately shall become, due and payable.

Appears in 1 contract

Samples: Loan and Security Agreement (Smith C D Drug Co)

Remedies Upon an Event of Default. (a) Upon the occurrence and during the continuance of an Event of Default described in subsection 15(g) hereof, all of the Liabilities shall immediately and automatically become due and payable, without notice of any kind. Upon the occurrence of any other Event of Default, all Liabilities may, at the option of LenderRequisite Lenders, and without demand, notice or legal process of any kind, be declared, and immediately shall become, due and payable.

Appears in 1 contract

Samples: Loan and Security Agreement (Perry-Judds Inc)

Remedies Upon an Event of Default. (a) Upon the occurrence and during the continuance of an Event of Default described in subsection 15(gsubparagraph 13(g) hereof, all of the Borrowers' Liabilities shall immediately and automatically become due and payable, without notice of any kind. Upon the occurrence of any other Event of Default, all Liabilities may, at the option of Lenderthe Requisite Lenders, and without upon demand, notice or but without legal process of any kind, be declared, and immediately shall become, due and payable.

Appears in 1 contract

Samples: And Consolidated Loan and Security Agreement (Empire of Carolina Inc)

Remedies Upon an Event of Default. (a) Upon the occurrence and during the continuance of an Event of Default described in subsection 15(gsubparagraph 12(g) hereof, all of the Liabilities shall immediately and automatically become due and payable, without notice of any kind. Upon the occurrence of any other Event of Default, all Liabilities may, at the option of Lender, and without demand, notice or legal process of any kind, be declared, and immediately shall would become, due and payable.

Appears in 1 contract

Samples: Loan and Security Agreement (Singing Machine Co Inc)

Remedies Upon an Event of Default. (a) Upon the occurrence and during the continuance of an Event of Default described in subsection 15(g) hereof, all of the Liabilities shall immediately and ---------------- automatically become due and payable, without notice of any kind. Upon the occurrence of any other Event of Default, all Liabilities may, at the option of Lender, and without demand, notice or legal process of any kind, be declared, and immediately shall become, due and payable.

Appears in 1 contract

Samples: Loan and Security Agreement (Gibraltar Packaging Group Inc)

Remedies Upon an Event of Default. (a) Upon the occurrence and during the continuance of an Event of Default described in subsection 15(g) 0 hereof, all of the Liabilities shall immediately and automatically become due and payable, without notice of any kind. Upon the occurrence and during the continuance of any other Event of Default, all Liabilities may, at the option of Lender, and without demand, notice or legal process of any kind, be declared, and immediately shall become, due and payable.

Appears in 1 contract

Samples: Loan and Security Agreement (Emcore Corp)

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