Default Under Related Agreement Clause Samples
The "Default Under Related Agreement" clause establishes that a default or breach under one agreement between the parties can trigger a default under another, related agreement. In practice, this means that if a party fails to meet its obligations in a separate but connected contract—such as a loan agreement or a supply contract—that failure may be treated as a default under the current agreement as well. This clause is commonly used to ensure that parties cannot selectively default on one contract without facing consequences across their broader contractual relationship, thereby protecting the non-defaulting party from increased risk and encouraging overall compliance.
Default Under Related Agreement. The occurrence of an Event of Default under and as defined in the Security Agreement.
Default Under Related Agreement. An Event of Default occurs under and as defined in the Purchase Agreement dated as of the date hereof between Borrower and Holder, as such agreement may be amended, modified and supplemented from time to time.
Default Under Related Agreement. An Event of Default occurs under and as defined in the Security Agreement dated as of the date hereof between Borrower and Holder, as such agreement may be amended, modified and supplemented from time to time.
Default Under Related Agreement. An Event of Default occurs under and as defined in the Security Agreement. ARTICLE V
Default Under Related Agreement. A default by the Related Seller or the Related Purchaser under the Related Sale Agreement shall constitute a default by Seller or Purchaser, respectively, hereunder.
Default Under Related Agreement. An Event of Default occurs under and as defined in any one or more of the following agreements which is not cured during any applicable cure or grace period: the Accounts Receivable Purchase Agreement dated as of the date hereof between Borrower, Holder and certain of the Borrower's Subsidiaries, as such agreement maybe amended, modified and supplemented from time to time.
Default Under Related Agreement. The occurrence and continuance of any material Event of Default under and as defined in the Security Agreement and/or the Ancillary Agreements, and such Event of Default shall not be cured within three (3) business days.
Default Under Related Agreement. An Event of Default (as defined therein) shall occur and be continuing pursuant to that certain note of Borrower in favor of Holder dated April 30, 2003 in the aggregate principal amount of $266,667."
7. There are no other modifications to the Note and each of the parties hereto hereby affirms and agrees that all other provisions of the Note remain in full force and that no Event of Default has occurred and is continuing. DIGITAL FUSION, INC. By:__/s/ ▇▇▇▇▇▇▇▇ Loglisci____________ Name/Title: ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇, Chairman of BOD Dated: __April 30, 2003________________ ---------------- AGREED AND ACCEPTED LAURUS MASTER FUND, LTD. By:_/s/ ▇▇▇▇▇ Grin________________ Name: ▇▇▇▇▇ Grin Title: Partner EXHIBIT 4.6(10.6) ALLONGE TO WARRANT DATED JULY 26, 2002 Reference is hereby made to the Common Stock Purchase Warrant dated July 26, 2002 (the "Warrant") granting Laurus Master Fund, Ltd. ("Laurus") the right to purchase of 75,000 shares of common stock of Digital Fusion, Inc., a Delaware corporation (the "Company"), with principal offices located at ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇. The Company and Laurus hereby agree to amend the Warrant in accordance with the following terms:
1. The Purchase Price, as defined in the Warrant, shall be $.4375;
2. There are no other modifications to the Warrant.
Default Under Related Agreement. An Event of Default or similar term occurs under and as defined (i) the Purchase Agreement or any Related Agreement, (ii) that certain Convertible Term Note issued by the Company to the Holder dated November 25, 2003 (as amended, modified or supplemented from time to time, the "2003 Convertible Term Note"), (iii) the Securities Purchase Agreement entered into by the Company and the Holder in connection with the 2003 Convertible Term Note (as amended, modified or supplemented from time to time, the "2003 Purchase Agreement"), (iv) any Related Agreement (as defined in the 2003 Purchase Agreement), as each are amended, modified or supplemented from time to time, (v) that certain Purchase Order Finance and Security Agreement, dated as of the date hereof, among the Holder, the Borrower and certain subsidiaries of the Borrower (as amended, modified or supplemented from time to time, the "Purchase Order Agreement") or (vi) any Loan Document (as defined in the Purchase Order Agreement).
Default Under Related Agreement. The occurrence of an Event of Default under and as defined in the Security Agreement and/or the Ancillary Agreements .