Cross-Default; Cross-Collateralization. The Pledgors acknowledges and agrees that any default under the terms of this Agreement shall constitute a default by the Company under the Notes, and that any event of default (following expiration of any applicable cure period) under the Notes shall constitute a default under this Agreement.
Appears in 4 contracts
Sources: Pledge and Security Agreement (Ifan Financial, Inc.), Pledge and Security Agreement (Solar Wind Energy Tower, Inc.), Pledge and Security Agreement (Fearless International, Inc.)
Cross-Default; Cross-Collateralization. The Pledgors acknowledges and agrees that any default under the terms of this Agreement shall constitute a default by the Company under the NotesDebentures, and that any event of default (following expiration of any applicable cure period) under the Notes Debentures shall constitute a default under this Agreement.
Appears in 2 contracts
Sources: Pledge and Security Agreement (Red Giant Entertainment, Inc.), Pledge and Security Agreement (Beyond Commerce)
Cross-Default; Cross-Collateralization. The Pledgors acknowledges and agrees that any default under the terms of this Agreement shall constitute a default by the Company under the NotesNote, and that any event of default (following expiration of any applicable cure period) under the Notes Note shall constitute a default under this Agreement.
Appears in 1 contract