TIME IS OF THE ESSENCE WITH RESPECT TO ANY PAYMENT DUE HEREUNDER. The Company shall be in default hereunder if any payment is not made in a timely manner, without any right to cure unless such right to cure is granted by the Holder in each instance, which consent shall be in the sole discretion of the Holder and may be withheld for any reason or for no reason whatsoever.
Appears in 4 contracts
Sources: Bridge Loan Agreement (Infinium Labs Inc), Bridge Loan Agreement (World Health Alternatives Inc), Bridge Loan Agreement (Infinium Labs Inc)
TIME IS OF THE ESSENCE WITH RESPECT TO ANY PAYMENT DUE HEREUNDER. The Company shall be in default hereunder if any payment is not made in a timely manner, without any right to cure unless such right to cure is granted by the Holder in each instance; provided, which consent shall be however, that the grant of such right is in the sole discretion of the Holder and may be withheld for any reason or for no reason whatsoever.
Appears in 2 contracts
Sources: Purchase Agreement (Golden Aria Corp.), Bridge Loan Agreement (Neah Power Systems, Inc.)
TIME IS OF THE ESSENCE WITH RESPECT TO ANY PAYMENT DUE HEREUNDER. The Company shall be in default hereunder if any payment is not made in a timely manner, without any right to cure unless such right to cure is granted by the Holder or the terms of this Note in each instance; provided, which consent shall be however, that the grant of such right by the Holder is in the sole discretion of the Holder and may be withheld for any reason or for no reason whatsoever.
Appears in 1 contract
Sources: Secured Promissory Note (Marshall Holdings International, Inc.)