Cross-Defaults. The Borrower fails to pay when due any of its Debt (other than Debt arising under this Note) or any interest or premium thereon when due (whether by scheduled maturity, acceleration, demand or otherwise) and such failure continues after the applicable grace period, if any, specified in the agreement or instrument relating to such Debt.
Appears in 3 contracts
Sources: Asset Purchase Agreement (Pioneer Power Solutions, Inc.), Secured Promissory Note (Advanced Cannabis Solutions, Inc.), Promissory Note (PLC Systems Inc)
Cross-Defaults. The Borrower fails to pay when due any of its Debt indebtedness (other than Debt trade payables arising under this Notein the ordinary course of business) or any interest or premium thereon when due (whether by scheduled maturity, acceleration, demand or otherwise) ), or breaches in any material respect the Membership Interest Purchase Agreement of even date herewith between the Borrower and the original Noteholder and such failure continues after the applicable grace period, if any, specified in the agreement or instrument relating to such DebtDebt or Membership Interest Purchase Agreement.
Appears in 2 contracts
Sources: Promissory Note (Armada Water Assets Inc), Promissory Note (Armada Water Assets Inc)
Cross-Defaults. The Borrower fails to pay when due any of its Debt debt (other than Debt debt arising under this Note) in excess of $100,000 or any interest or premium thereon when due (whether by scheduled maturity, acceleration, demand or otherwise) and such failure continues after the applicable grace period, if any, specified in the agreement or instrument relating to such Debtdebt; provided that Investors have funded their obligations under the Purchase Agreement as of the applicable date.
Appears in 2 contracts
Sources: Securities Purchase Agreement, Securities Purchase Agreement
Cross-Defaults. The Borrower fails to pay when due any of its Debt indebtedness (other than Debt indebtedness arising under this Note) ), or any interest or premium thereon thereon, when due (whether by scheduled maturity, acceleration, demand demand, or otherwise) and such failure continues after the applicable grace period, if any, specified in the agreement or instrument relating to such Debtindebtedness.
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Cross-Defaults. The Borrower fails to pay when due any of its Debt indebtedness (other than Debt trade payables arising under this Notein the ordinary course of business) or any interest or premium thereon when due (whether by scheduled maturity, acceleration, demand or otherwise) ), or breaches in any material respect the Exchange Agreement of even date herewith between the Borrower and the Noteholder and such failure continues after the applicable grace period, if any, specified in the agreement or instrument relating to such DebtDebt or Exchange Agreement.
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Cross-Defaults. The Borrower fails to pay when due any of its Debt (other than Debt arising under this Note) ), or any interest or premium thereon thereon, when due (whether by scheduled maturity, acceleration, demand or otherwise) and such failure continues after the applicable grace period or waiver period, if any, specified in the agreement or instrument relating to such Debt.
Appears in 1 contract
Sources: Promissory Note (iCoreConnect Inc.)
Cross-Defaults. The A Borrower fails to pay when due any of its Debt (other than Debt arising under this Note) ), or any interest or premium thereon thereon, when due (whether by scheduled maturity, acceleration, demand or otherwise) and such failure continues after the applicable grace period, if any, specified in the agreement or instrument relating to such Debt.
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Cross-Defaults. The Borrower (a) fails to pay when due any of its Debt (other than Debt arising under this Note) or any interest or premium thereon when due (whether by scheduled maturity, acceleration, demand demand, or otherwise) and such failure continues after the applicable grace period, if any, specified in the agreement or instrument relating to such DebtDebt or (b) takes, or fails to take, any action that could constitute a breach of the Consulting Agreement from and after the Effective Date.
Appears in 1 contract
Sources: Demand Promissory Note (Global Digital Solutions Inc)
Cross-Defaults. The Borrower fails to pay when due any of its Debt indebtedness (other than Debt arising indebtedness under this Note) Agreement), or any interest or premium thereon thereon, when due (whether by scheduled maturity, acceleration, demand or otherwise) and such failure continues after the applicable grace period, if any, specified in the agreement or instrument relating to such Debtindebtedness.
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