Cessation of Operations. Any cessation of operations by the Company or the Company admits it is otherwise generally unable to pay its debts as such debts become due; provided, however, that any disclosure of the Company’s ability to continue as a “going concern” shall not be an admission that the Company cannot pay its debts as they become due.
Appears in 10 contracts
Sources: Subordination Agreement (SANUWAVE Health, Inc.), Subordination Agreement (SANUWAVE Health, Inc.), Subordination Agreement (SANUWAVE Health, Inc.)
Cessation of Operations. Any cessation of operations by the Company or the Company admits it is otherwise generally unable to pay its debts as such debts become due; , provided, however, that any disclosure of the Company’s ability to continue as a “going concern” shall not be an admission that the Company cannot pay its debts as they become due.
Appears in 4 contracts
Sources: Exchange Agreement (Arkados Group, Inc.), Exchange Agreement (Arkados Group, Inc.), Series B Preferred Stock Purchase Agreement (12 Retech Corp)
Cessation of Operations. Any cessation of operations by the Company Company, or the Company admits it is otherwise generally unable to pay its debts as such debts become due; provided, however, that any disclosure of the Company’s ability to continue as a “going concern” shall not be an admission that the Company cannot pay its debts as they become due.
Appears in 2 contracts
Sources: Secured Convertible Promissory Note (Bond) Addendum (Ocean Thermal Energy Corp), Secured Convertible Promissory Note (Bond) (Ocean Thermal Energy Corp)
Cessation of Operations. Any cessation of operations by the Company Corporation or the Company Corporation admits it is otherwise generally unable to pay its debts as such debts become due; , provided, however, that any disclosure of the CompanyCorporation’s ability to continue as a “going concern” shall not be an admission that the Company Corporation cannot pay its debts as they become due.
Appears in 2 contracts
Sources: Exchange Agreement (Auto Parts 4Less Group, Inc.), Exchange Agreement (Clean Energy Technologies, Inc.)
Cessation of Operations. Any cessation of operations by the Company or the Company admits it is otherwise generally unable to pay its debts as such debts become due; , provided, however, that any disclosure of the Company’s ability to continue as a “going concern” shall not be an admission that the Company cannot pay its debts as they become due.;
Appears in 2 contracts
Sources: Convertible Note Agreement (Taoping Inc.), Convertible Note Agreement (Taoping Inc.)
Cessation of Operations. Any cessation of operations by the Company or the Company admits it is otherwise generally unable to pay its debts as such debts become due; provided, however, that any disclosure of the Company’s ability to continue as a “going concern” shall not be an admission that the Company cannot pay its debts as they become due.
Appears in 1 contract
Sources: Collaboration Agreement (Star Alliance International Corp.)
Cessation of Operations. Any cessation of operations by the Company or the Company admits it is otherwise generally unable to pay its debts as such debts become due; , provided, however, that any disclosure of the Company’s ability to continue as a “going concern” shall not be an admission that the Company cannot pay its debts as they become due.
Appears in 1 contract
Sources: Convertible Security Agreement (ProPhase Labs, Inc.)