Remedies Clause Example from Business Contracts

This example Remedies clause appears in 5 contracts from 3 companies

Remedies. (a) Upon the occurrence of an Event of Default specified in Section 4(a) hereof, Payee may, by written notice to Maker, declare this Note to be due immediately and payable, whereupon the unpaid outstanding 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 notwithstanding. (b) Upon the occurrence of an Event of Default specified in Sections 4(b) or 4(c), the unpaid outstanding 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 CHP Merger Corp. contract
CHP Merger Corp. Contracts

Promissory Note dated March 15, 2022 made by and between CHP Merger Corp. and CHP Acquisition Holdings, LLC (Filed With SEC on March 21, 2022)

Altimeter Growth Corp. 2 Contracts

Promissory Note dated June 10, 2022 made by and between Altimeter Growth Corp. 2 and Altimeter Growth Holdings 2 (Filed With SEC on June 13, 2022)

Amended and Restated Promissory Note dated August 11, 2022 made by and between Altimeter Growth Corp. 2 and Altimeter Growth Holdings 2 (Filed With SEC on August 11, 2022)

Sustainable Development Acquisition I Corp. Contracts

Promissory Note dated August 23, 2022 made by and between Sustainable Development Acquisition I Corp. and Sustainable Development Sponsor, LLC (Filed With SEC on August 25, 2022)

Promissory Note dated December 21, 2022 made by and between Sustainable Development Acquisition I Corp. and Sustainable Development Sponsor, LLC (Filed With SEC on December 21, 2022)