Common use of Violation of Section 4 Clause in Contracts

Violation of Section 4. 1.7 of the Loan Agreement for failure to file the Borrower's Form 10-KSB with the Securities and Exchange Commission within 90 days after the end of the fiscal year ended June 30, 2001;

Violation of Section 4. 1.7 1.6.2 of the Loan Agreement for failure to file furnish to Lender the Borrower's Form annual 10-KSB with the Securities and Exchange Commission report within 90 days after the end of the fiscal year ended June 30, 2001;