Remedies Clause Example with 4 Variations from Business Contracts

This page contains Remedies clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Remedies. Upon the occurrence and during the continuance of an Event of Default, the Noteholder may, at its option, by written notice to the Borrower declare the outstanding principal amount of the Loan, accrued and unpaid interest thereon, and all other amounts payable hereunder immediately due and payable; provided, however, if an Event of Default described in Sections 5(c)(i), 5(c)(iii), or 5(c)(iv) shall occur, the outstanding principal amount, accrued and unpaid interest, and all other amounts payabl...e hereunder shall become immediately due and payable without notice, declaration, or other act on the part of the Noteholder. View More

Variations of a "Remedies" Clause from Business Contracts

Remedies. Upon the occurrence and during the continuance of an Event of Default, the Noteholder may, at its option, by written notice to the Borrower declare the outstanding principal amount of the Loan, accrued and unpaid interest thereon, and all other amounts payable hereunder immediately due and payable; provided, however, if an Event of Default described in Sections 5(c)(i), 5(c)(iii), 6(c)(i),6(c)(iii), or 5(c)(iv) 6(c)(iv) shall occur, the outstanding principal amount, accrued and unpaid interest, ...and all other amounts payable hereunder shall become immediately due and payable without notice, declaration, or other act on the part of the Noteholder. 3 9. Expenses. The Borrower shall reimburse the Noteholder on demand for all reasonable and documented out-of-pocket costs, expenses, and fees, including the reasonable fees and expenses of counsel, incurred by the Noteholder in connection with the negotiation, documentation, and execution of this Note and the enforcement of the Noteholder's rights hereunder. View More
Remedies. Upon the occurrence and during the continuance of an Event of Default, the Noteholder may, at its option, by written notice to the Borrower declare the outstanding principal amount of the Loan, accrued and unpaid interest thereon, and all other amounts payable hereunder Loan immediately due and payable; provided, however, if an Event of Default described in Sections 5(c)(i), 5(c)(iii), (iii), or 5(c)(iv) (iv) shall occur, the outstanding principal amount, accrued and unpaid interest, and all oth...er amounts payable hereunder amount shall become immediately due and payable without notice, declaration, or other act on the part of the Noteholder. View More
Remedies. Upon the occurrence and during the continuance of an Event of Default, the Noteholder Lender may, at its option, by written notice to the Borrower declare the outstanding principal amount of the Loan, accrued and unpaid interest thereon, and all other amounts payable hereunder immediately due and payable; provided, however, if an Event of Default described in Sections 5(c)(i), 5(c)(iii), 8(c)(i), 8(c)(iii), or 5(c)(iv) 8(c)(iv) shall occur, the outstanding principal amount, accrued and unpaid in...terest, and all other amounts payable hereunder shall become immediately due and payable without notice, declaration, or other act on the part of the Noteholder. Lender. View More
Remedies. Upon the occurrence and during the continuance of an Event of Default, the Noteholder may, at its option, by written notice to the Borrower declare the outstanding principal amount of the Loan, accrued and unpaid interest thereon, and all other amounts payable hereunder immediately due and payable; provided, however, if an Event of Default described in Sections 5(c)(i), 5(c)(iii), or 5(c)(iv) shall occur, the outstanding principal amount, accrued and unpaid interest, and all other amounts payabl...e hereunder shall become immediately due and payable without notice, declaration, or other act on the part of the Noteholder. View More