Cessation of Operations. Any cessation of operations by the Company or the Company admits it is otherwise generally unable to pay its debts as such debts become due; provided, however, that any disclosure of the Company’s ability to continue as a “going concern” shall not be an admission that the Company cannot pay its debts as they become due.
Appears in 9 contracts
Samples: Convertible Promissory Note (Puramed Bioscience Inc.), Securities Purchase Agreement (Brazil Minerals, Inc.), Secured Convertible Promissory Note (Cord Blood America, Inc.)
Cessation of Operations. Any cessation of operations by the Company or the Company admits it is otherwise generally unable to pay its debts as such debts become due; , provided, however, that any disclosure of the Company’s ability to continue as a “going concern” shall not be an admission that the Company cannot pay its debts as they become due.
Appears in 4 contracts
Samples: Exchange Agreement (Arkados Group, Inc.), Exchange Agreement (Arkados Group, Inc.), 12 Retech Corp
Cessation of Operations. Any cessation of operations by the Company or the Company admits it is otherwise generally unable to pay its debts as such debts become due; , provided, however, that any disclosure of the Company’s ability to continue as a “going concern” shall not be an admission that the Company cannot pay its debts as they become due.;
Appears in 2 contracts
Samples: Taoping Inc., Taoping Inc.
Cessation of Operations. Any cessation of operations by the Company Company, or the Company admits it is otherwise generally unable to pay its debts as such debts become due; provided, however, that any disclosure of the Company’s ability to continue as a “going concern” shall not be an admission that the Company cannot pay its debts as they become due.
Appears in 2 contracts
Samples: Security Agreement (Ocean Thermal Energy Corp), Security Agreement (Ocean Thermal Energy Corp)
Cessation of Operations. Any cessation of operations by the Company Corporation or the Company Corporation admits it is otherwise generally unable to pay its debts as such debts become due; , provided, however, that any disclosure of the CompanyCorporation’s ability to continue as a “going concern” shall not be an admission that the Company Corporation cannot pay its debts as they become due.
Appears in 2 contracts
Samples: Exchange Agreement (Auto Parts 4Less Group, Inc.), Exchange Agreement (Clean Energy Technologies, Inc.)
Cessation of Operations. Any cessation of operations by the Company or the Company admits it is otherwise generally unable to pay its debts as such debts become due; provided, however, that any disclosure of the Company’s ability to continue as a “going concern” shall not be an admission that the Company cannot pay its debts as they become due.
Appears in 1 contract
