Common use of Rights and Remedies of the Lender Clause in Contracts

Rights and Remedies of the Lender. Upon the occurrence of an Event of Default, the Lender may exercise in any jurisdiction in which enforcement hereof is sought, the following rights and remedies, in addition to all rights and remedies available to the Lender under applicable law, all such rights and remedies being cumulative and enforceable alternatively, successively or concurrently: (i) Declare all unpaid principal outstanding on the Note, all accrued and unpaid interest thereon, and all other Obligations to be immediately due and payable and the same shall thereupon become immediately due and payable without presentment, demand, protest or notice of any kind, all of which are hereby expressly waived. (ii) Institute any proceeding or proceedings to enforce the Obligations owed to, or any Liens in favor of, the Lender. (iii) Pursue all rights and remedies available to the Lender that are contemplated by the Loan Documents in the manner, upon the conditions, and with the effect provided in the Loan Documents, including but not limited to a suit for specific performance, injunctive relief or damages. (iv) Pursue any other rights and remedies available to the Lender at law or in equity.

Appears in 1 contract

Sources: Loan Agreement (ATN International, Inc.)

Rights and Remedies of the Lender. Upon the occurrence of an Event of Default, the Lender may may, subject to compliance, if required, with the rules and regulations of any Government Authority having jurisdiction, exercise in any jurisdiction in which enforcement hereof is sought, the following rights and remedies, in addition to all rights and remedies available to the Lender under applicable law, all such rights and remedies being cumulative and enforceable alternatively, successively or concurrently: (ia) Declare all unpaid principal outstanding on the Note, all accrued and unpaid interest thereon, and all other Obligations to be immediately due and payable and the same shall thereupon become immediately due and payable without presentment, demand, protest or notice of any kind, all of which are hereby expressly waivedwaived by the Borrower. (iib) Institute any proceeding or proceedings to enforce the Obligations owed to, or any Liens in favor of, of the Lender. (iii) Pursue all rights and remedies available to the Lender that are contemplated by the Loan Documents in the manner, upon the conditions, and with the effect provided in the Loan Documents, including but not limited to a suit for specific performance, injunctive relief or damages. (ivc) Pursue any other rights and remedies available to the Lender at law or in equity.

Appears in 1 contract

Sources: Loan Agreement (Citizens Communications Co)