RIGHTS AND REMEDIES ON EVENT OF DEFAULT. During the continuance of an Event of Default, Lender shall have the right (i) to accelerate the payment of the principal, interest and charges owing hereunder and (ii) to enforce this Note by exercise of the rights and remedies granted to it by applicable law or under the Transaction Documents.
Appears in 2 contracts
Sources: Convertible Secured Note, Option and Warrant Purchase Agreement (Supergen Inc), Convertible Secured Promissory Note (Tako Ventures LLC)