Common use of RIGHTS AND REMEDIES ON DEFAULT Clause in Contracts

RIGHTS AND REMEDIES ON DEFAULT. If an Event of Default occurs under this Agreement, at any time thereafter, Lender shall have all the rights of a secured party under the Washington Uniform Commercial Code. In addition and without limitation, Lender may exercise any one or more of the following rights and remedies: Accelerate Indebtedness. Lender may declare the entire Indebtedness, including any prepayment penalty which Grantor would be required to pay, immediately due and payable, without notice.

Appears in 6 contracts

Sources: Business Loan Agreement (Web Press Corp), Business Loan Agreement (Web Press Corp), Business Loan Agreement (Web Press Corp)

RIGHTS AND REMEDIES ON DEFAULT. If an Event of Default occurs under this Agreement, at any time thereafter, Lender shall have all the rights of a secured party under the Washington Uniform Commercial Code. In addition and without limitation, Lender may exercise any one or more of the following rights and remedies: Accelerate IndebtednessACCELERATE INDEBTEDNESS. Lender may declare the entire Indebtedness, including any prepayment penalty which Grantor would be required to pay, immediately due and payable, without notice.

Appears in 5 contracts

Sources: Commercial Security Agreement (New West Eyeworks Inc), Commercial Security Agreement (New West Eyeworks Inc), Business Loan Agreement (F5 Networks Inc)

RIGHTS AND REMEDIES ON DEFAULT. If an Event of Default occurs under this Agreement, at any time thereafter, Lender shall have all the rights of a secured party under the Washington Uniform Commercial Code. In addition and without limitation, Lender may exercise any one or more of the following rights and remedies: Accelerate Indebtedness. Lender may declare the entire Indebtedness, including any prepayment penalty which Grantor would be required to pay, immediately due and payable, without notice.

Appears in 4 contracts

Sources: Loan Agreement (Carrier Access Corp), Loan Agreement (Gentner Communications Corp), Loan Agreement (Carrier Access Corp)

RIGHTS AND REMEDIES ON DEFAULT. If an Event of Default occurs under this Agreement, at any time thereafter, Lender shall have all the rights of a secured party under the Washington Uniform Commercial Code. In addition and without limitation, Lender may exercise any one or more of the following rights and remedies: Accelerate Indebtedness. Lender may declare the entire Indebtedness, including any prepayment penalty which Grantor Borrower would be required to pay, immediately due and payable, without notice.

Appears in 3 contracts

Sources: Commercial Security Agreement (Pacific Aerospace & Electronics Inc), Commercial Security Agreement (Pacific Aerospace & Electronics Inc), Commercial Security Agreement (Pacific Aerospace & Electronics Inc)

RIGHTS AND REMEDIES ON DEFAULT. If an Event of Default occurs under this Agreement, at any time thereafter, Lender shall have all the rights of a secured party under the Washington Uniform Commercial Code. In addition and without limitation, Lender may exercise any one or more of the following rights and remedies: Accelerate IndebtednessACCELERATE INDEBTEDNESS. Lender ▇▇▇▇▇▇ may declare the entire Indebtedness, including any prepayment penalty which Grantor would be required to pay, immediately due and payable, without notice.

Appears in 2 contracts

Sources: Commercial Security Agreement (Physio Control International Corp \De\), Commercial Security Agreement (Physio Control International Corp \De\)

RIGHTS AND REMEDIES ON DEFAULT. If an Event of Default occurs under this Agreement, at any time thereafter, Lender shall have all the rights of a secured party under the Washington Uniform Commercial Code. In addition and without limitation, Lender may exercise any one or more of the following rights and remedies: Accelerate Indebtedness. Lender may declare the entire Indebtedness, including any prepayment penalty which Grantor would be required to pay, immediately due and payable, without noticenotice of any kind to Grantor.

Appears in 2 contracts

Sources: Commercial Security Agreement (Paneltech International Holdings, Inc.), Business Loan Agreement (Coeur D Alenes Co /Ia/)

RIGHTS AND REMEDIES ON DEFAULT. If an Event of Default occurs under this Agreement, at any time thereafter, Lender shall have all the rights of a secured party under the Washington Uniform Commercial Code. In addition and without limitation, Lender may exercise any one or more of the following rights and remedies: Accelerate IndebtednessACCELERATE INDEBTEDNESS. Lender may declare the entire Indebtednessindebtedness, including any prepayment penalty which Grantor Borrower would be required to pay, immediately due and payable, without noticenotice of any kind to Borrower or Grantor.

Appears in 2 contracts

Sources: Commercial Security Agreement (Eacceleration Corp), Commercial Security Agreement (Eacceleration Corp)

RIGHTS AND REMEDIES ON DEFAULT. If an Event of Default occurs under this Agreement, at any time thereafter, Lender shall have all the rights of a secured party under the Washington Uniform Commercial Code. In addition and without limitation, Lender may exercise any one or more of the following rights and remedies: Accelerate IndebtednessACCELERATE INDEBTEDNESS. Lender may declare the entire Indebtednessindebtedness, including any prepayment penalty which Grantor would be required to pay, immediately due and payable, without notice.

Appears in 1 contract

Sources: Commercial Security Agreement (Seamed Corp)

RIGHTS AND REMEDIES ON DEFAULT. If an Event of Default occurs under this Agreement, at any time thereafter, Lender shall have all the rights of a secured party under the Washington Uniform Commercial Code. In addition and without limitation, Lender may exercise any one or more of the following rights and remedies: Accelerate Indebtedness. Lender may declare the entire Indebtednessindebtedness, including any prepayment penalty which Grantor Borrower would be required to pay, immediately due and payable, without notice.

Appears in 1 contract

Sources: Commercial Security Agreement (Briazz Inc)

RIGHTS AND REMEDIES ON DEFAULT. If an Event of Default occurs under this Agreement, at any time thereafter, Lender shall have all the rights of a secured party under the Washington Uniform Commercial Code. In addition and without limitation, Lender may exercise any one or more of the following rights and remedies: Accelerate IndebtednessACCELERATE INDEBTEDNESS. Lender may declare the entire Indebtedness, including any prepayment penalty which Grantor would be required to pay, immediately due and payable, without noticenotice of any kind to Grantor.

Appears in 1 contract

Sources: Commercial Security Agreement (Pyramid Breweries Inc)

RIGHTS AND REMEDIES ON DEFAULT. If an Event of Default occurs under this Agreement, at any time thereafter, Lender shall have all the rights of a secured party under the Washington Uniform Commercial Code. In addition and without limitation, Lender may exercise any one or more of the following rights and remedies: Accelerate IndebtednessACCELERATE INDEBTEDNESS. Lender may declare the entire Indebtedness, including any prepayment penalty which Grantor would be required to pay, immediately due and payable, without notice.

Appears in 1 contract

Sources: Commercial Security Agreement (Lindal Cedar Homes Inc /De/)

RIGHTS AND REMEDIES ON DEFAULT. If an Event of Default occurs under this Agreement, at any time thereafter, Lender shall have all the rights of a secured party under the Washington Uniform Commercial Code. In addition and without limitation, Lender may exercise any one or more of the following rights and remedies: Accelerate IndebtednessACCELERATE INDEBTEDNESS. Lender may Lend▇▇ ▇▇▇ declare the entire Indebtednessindebtedness, including any prepayment penalty which Grantor would be required to pay, immediately due and payable, without notice.

Appears in 1 contract

Sources: Promissory Note (Trizetto Group Inc)

RIGHTS AND REMEDIES ON DEFAULT. If an Event of Default occurs under this Agreement, at any time thereafter, Lender shall have all the rights of a secured party under the Washington Uniform Commercial Code. In addition and without limitation, Lender may exercise any one or more of the following rights and remedies: Accelerate IndebtednessACCELERATE INDEBTEDNESS. Lender may declare the entire Indebtedness, including any prepayment penalty which Grantor would be required to pay, immediately due and payable, without notice.

Appears in 1 contract

Sources: Commercial Security Agreement (World Wide Stone Corp)

RIGHTS AND REMEDIES ON DEFAULT. If an Event of Default occurs under this Agreement, at any time thereafter, Lender shall have all the rights of a secured party under the Washington Uniform Commercial Code. In addition and without limitation, Lender may exercise any one or more of the following rights and remedies: Accelerate IndebtednessACCELERATE INDEBTEDNESS. Lender may declare the entire Indebtednessindebtedness, including any prepayment penalty which Grantor would be required to pay, immediately due and payable, without noticenotice of any kind to Grantor.

Appears in 1 contract

Sources: Commercial Security Agreement (Eacceleration Corp)