This example Remedies clause appears in
3 contracts
from
2 companies
Remedies. (a) Upon the occurrence of an Event of Default, specified in Section 5(a), and such default continues for three (3) business days, hereof, each Payee may, by written notice to Maker, declare this Note to be due immediately and payable, whereupon the unpaid principal amount of this Note, and all other amounts payable thereunder, shall become immediately due and payable without presentment, demand, protest or other notice of any kind, all of which are hereby expressly waived, anything contained he...rein or in the documents evidencing the same to the contrary notwithstanding. (b) Upon the occurrence of an Event of Default, specified in Sections 5(b) or 5(c), and such default continues for ten (10) business days, the unpaid principal balance of this Note, and all other sums payable with regard to this Note, shall automatically and immediately become due and payable, in all cases without any action on the part of each Payee.View More
