Breach of Value Requirements. Secured Party is not obligated to permit an advance when value requirements are not met or if permitted would not be met. Failure to timely meet value requirements is an Event of Default and allows Secured Party, in its sole discretion, to accelerate the Indebtedness secured hereby and exercise its rights and remedies hereunder.
Appears in 2 contracts
Sources: Security Agreement (Arcturus Therapeutics Holdings Inc.), Security Agreement (Arcturus Therapeutics Holdings Inc.)