Common use of Occurrence of a Default Clause in Contracts

Occurrence of a Default. If a Default occurs, Agent or Secured Party shall have the right to exercise any rights and remedies provided under the Uniform Commercial Code of Texas or any other applicable law with respect to the Shares.

Appears in 3 contracts

Sources: Pledge Agreement (Integrated Security Systems Inc), Stock Pledge Agreement (Integrated Security Systems Inc), Stock Pledge Agreement (Integrated Security Systems Inc)