Common use of Remedies in the Event of Default Clause in Contracts

Remedies in the Event of Default. In the case of an event of default, as set forth above, the Company shall have the right to accelerate payment of the Note upon notice to Borrower, and shall thereafter be entitled to pursue any or all of its remedies under applicable law, including, without limitation, offsetting from Borrower's salary, bonuses, vacation pay or other cash payments due to Borrower from the Company, any amount due and payable by Borrower under the Note.

Remedies in the Event of Default. In the case of an event of default, as set forth above, the Company shall have the right to accelerate payment of the Note upon notice to Borrower, and shall thereafter be entitled to pursue any or all of its remedies under applicable law, including, without limitation, offsetting from Borrower's salary, bonuses, vacation pay or other cash payments amounts due to Borrower from the Company, any amount due and payable by Borrower under the Note.

Remedies in the Event of Default. In the case of an event of default, as set forth above, the Company shall have the right to accelerate payment of the Note upon notice to BorrowerBorrowers, and shall thereafter be entitled to pursue any or all of its remedies under applicable law, including, without limitation, (a) offsetting from Borrower's Borrowers' salary, bonuses, vacation pay or other cash payments amounts due to Borrower Borrowers from the Company, any amount due and payable by Borrower Borrowers under the Note, and/or (b) proceeding against the Principal Residence under the Second Deed of Trust.