Commencement Notice

Example Definitions of "Commencement Notice"
Commencement Notice. Means a written notice, given by any Secured Party to the other Secured Parties in accordance with the notice provisions set forth in the Securities Purchase Agreement, pursuant to which such Secured Party notifies the other Secured Parties of the existence of one or more Events of Default and of such Secured Party's intent to commence the exercise of one or more of the remedies provided for under this Agreement with respect to all or any portion of the Collateral as a consequence thereof,... which notice shall incorporate a reasonably detailed description of each Event of Default then existing and of the remedial action proposed to be taken View More
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