Common use of Confession Clause in Contracts

Confession. The Investor agrees it will not file the Confession (defined below) unless and until an Event of Default under the Note has occurred; provided, however, that upon such an Event of Default, the Investor shall be entitled to immediately file such Confession in ex parte fashion.

Appears in 2 contracts

Sources: Note Purchase Agreement (Helix Wind, Corp.), Note and Warrant Purchase Agreement (Helix Wind, Corp.)