Common use of Proceedings and Actions Clause in Contracts

Proceedings and Actions. During the continuation of any one or more Events of Default, the Holder may institute such actions or proceedings in law or equity as it shall deem expedient for the protection of its rights and may prosecute and enforce its claims, plus reasonable expenses of collection, including attorneys' fees.

Appears in 1 contract

Sources: Convertible Promissory Note (Discas Inc)

Proceedings and Actions. During the continuation of any one or more Events of Default, the Holder may institute such actions or proceedings in law or equity as it shall deem expedient for the protection of its rights rights, and may prosecute and enforce its claimsclaims against all assets of the Company, and shall be entitled to receive therefrom payment on such claims up to an amount not exceeding the principal amount of this Note then outstanding plus accrued interest to the date of payment plus reasonable expenses of collection, including including, without limitation, attorneys' feesfees and expenses.

Appears in 1 contract

Sources: Subordinated Note (Equifin Inc)