Remedies Clause Example from Business Contracts

This example Remedies clause appears in 11 contracts from 11 companies

Remedies. (a) Upon the occurrence of an Event of Default specified in Section 5(a) hereof, 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 herein or in the documents evidencing the same to the contrary no...twithstanding. (b) Upon the occurrence of an Event of Default specified in Sections 5(b) or 5(c), 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 Payee. (c) Late payments shall accrue interest at a rate of 8% per annum, or such lesser rate as is permissible by law. View More
Found in Sandbridge Acquisition Corp contract
Sandbridge Acquisition Corp Contracts

Promissory Note issued in favor of Sandbridge Acquisition Holdings LLC, dated June 26, 2020 (Filed With SEC on August 24, 2020)

Climate Change Crisis Real Impact I Acquisition Corp Contracts

Promissory Note issued in favor of Climate Change Crisis Real Impact I Acquisition Holdings, LLC, dated August 10, 2020 (Filed With SEC on September 10, 2020)

Sports Entertainment Acquisition Corp. Contracts

Promissory Note, dated August 11, 2020 issued in favor of Sports Entertainment Acquisition Holdings LLC (Filed With SEC on September 14, 2020)

Lefteris Acquisition Corp. Contracts

Promissory Note issued in favor of Lefteris Holdings LLC, dated August 28, 2020 (Filed With SEC on October 2, 2020)

Hamilton Lane Alliance Holdings I, Inc. Contracts

Promissory Note issued in favor of HL Alliance Holdings Sponsor LLC, dated September 22, 2020 (Filed With SEC on December 17, 2020)

Climate Real Impact Solutions II Acquisition Corp Contracts

Promissory Note issued in favor of Climate Real Impact Solutions II Sponsor, LLC, dated December 11, 2020 (Filed With SEC on January 8, 2021)

Sustainable Development Acquisition I Corp. Contracts

Promissory Note issued in favor of Sustainable Development Sponsor, LLC, dated December 19, 2020 (Filed With SEC on January 15, 2021)

KKR Acquisition Holdings I Corp. Contracts

Promissory Note issued in favor of KKR Acquisition Sponsor LLC, dated January 25, 2021 (Filed With SEC on February 4, 2021)

Sandbridge X2 Corp Contracts

Promissory Note issued in favor of Sandbridge X2 Holdings LLC, dated January 25, 2021 (Filed With SEC on February 17, 2021)

TCG Growth Opportunities Corp. Contracts

Promissory Note issued in favor of the sponsor, dated February 1, 2021 (Filed With SEC on March 3, 2021)

Climate Real Impact Solutions III Acquisition Corp Contracts

Promissory Note issued in favor of Climate Real Impact Solutions III Sponsor, LLC, dated February 10, 2021 (Filed With SEC on March 5, 2021)