Remedies Clause Example from Business Contracts

Remedies. Upon the occurrence of an Event of Default specified in Section 4(a) hereof, the unpaid principal amount of this Note 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. Upon the occurrence of an Event of Default specified in Sections 4(b) and 4(c), the unpaid principal balance of this Note shall automa...tically and immediately become due and payable, in all cases without any action on the part of the Payee. View More