Common use of Cross-Default Clause in Contracts

Cross-Default. A default by the Borrower of a material term, covenant, warranty or undertaking of any other agreement to which the Borrower and Holder are parties, or the occurrence of a material event of default under any such other agreement which is not cured after any required notice and/or cure period.

Appears in 77 contracts

Samples: Subscription Agreement (Valcent Products Inc.), Subscription Agreement (Viryanet LTD), Acquisition of Solvis Medical Group (Smart-Tek Solutions Inc)

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Cross-Default. A default by the Borrower of a material term, covenant, warranty or undertaking of any other agreement to which the Borrower and Holder are parties, or the occurrence of a material event of default under any such other agreement which is not cured after any required notice and/or cure period.

Appears in 60 contracts

Samples: Consulting and Advisory Agreement (Elite Data Services, Inc.), Convertible Note (Alterrus Systems Inc.), Medical Care Technologies Inc.

Cross-Default. A default by the Borrower of a material term, covenant, warranty or undertaking of any Transaction Document or other agreement to which the Borrower and Holder are parties, or the occurrence of a material event of default under any such other agreement which is not cured after any required notice and/or cure period.

Appears in 56 contracts

Samples: Subscription Agreement (NextMart Inc.), Security Agreement (BioElectronics Corp), Assignment and Escrow Agreement (Attitude Drinks Inc.)

Cross-Default. A default by the Borrower of a material term, covenant, warranty or undertaking of any other agreement to which the Borrower and Holder are parties, or the occurrence of a material event of default under any such other agreement agreement, in each case, which is not cured after any required notice and/or cure period.

Appears in 44 contracts

Samples: Kaire Holdings Inc, Kaire Holdings Inc, Kaire Holdings Inc

Cross-Default. A default by the Borrower of a material term, covenant, warranty or undertaking of any other agreement to which the Borrower and Holder are parties, or the occurrence of a material an event of default under any such other agreement to which Borrower and Holder are parties which is not cured after any required notice and/or cure period.

Appears in 7 contracts

Samples: Subscription Agreement (Attitude Drinks Inc.), Lockup Agreement (Attitude Drinks Inc.), Subscription Agreement (Megawest Energy Corp.)

Cross-Default. A default by the Borrower of a material term, covenant, warranty or undertaking of any other agreement to which the Borrower and Holder are parties, or the occurrence of a material event of default under any such other agreement which is not cured after any required notice and/or cure periodperiod which such default has a Material Adverse Effect, except for late payments to telecommunication providers.

Appears in 6 contracts

Samples: Security Agreement (Options Media Group Holdings, Inc.), Wizzard Software Corp /Co, Wizzard Software Corp /Co

Cross-Default. A default by the Borrower of under a material term, covenant, warranty or undertaking of any other agreement to which the Borrower and Holder are parties, or the occurrence of a material event of default under any such other agreement which that is not cured after any required notice and/or cure period.

Appears in 4 contracts

Samples: Savoy Resources Corp, Savoy Resources Corp, Savoy Resources Corp

Cross-Default. A default by the Borrower of a material term, covenant, warranty or undertaking of any other agreement to which the Borrower and Holder are partiesparties as of the date hereof, or the occurrence of a material event of default under any such other agreement which is not cured after any required notice and/or cure periodagreement.

Appears in 4 contracts

Samples: NCT Group Inc, NCT Group Inc, NCT Group Inc

Cross-Default. A default by the Borrower of a material term, covenant, ------------- warranty or undertaking of any other agreement to which the Borrower and Holder are parties, or the occurrence of a material event of default under any such other agreement agreement, in each case, which is not cured after any required notice and/or cure period.

Appears in 4 contracts

Samples: Imaging Technologies Corp/Ca, Imaging Technologies Corp/Ca, Imaging Technologies Corp/Ca

Cross-Default. A default by the Borrower of a material term, covenant, warranty or undertaking of any other agreement to which the Borrower and Holder are parties, or the occurrence of a material event of default under any such other agreement which if capable of being cured is not cured for a period of ten (10) days after any required written notice and/or cure periodto the Borrower from the Holder.

Appears in 2 contracts

Samples: Cord Blood America, Inc., Cord Blood America, Inc.

Cross-Default. A default by the Borrower of a material term, covenant, warranty or undertaking of any other agreement to which the Borrower and Holder are parties, or the occurrence of a material event of default under any such other agreement which which, if capable of cure, is not cured within three (3) business days after any required written notice and/or cure periodto the Borrower from the Holder.

Appears in 2 contracts

Samples: Force Protection Inc, Attitude Drinks Inc.

Cross-Default. A default by the Borrower of a material term, covenant, warranty or undertaking of any other agreement to which the Borrower and Holder are parties, or the occurrence of a material event of default under any such other third party agreement which is not cured after any required notice and/or cure period.

Appears in 2 contracts

Samples: Advance Nanotech, Inc., Advance Nanotech, Inc.

Cross-Default. A default by the Borrower of a material term, covenant, warranty or undertaking of any other material agreement to which the Borrower and Holder are parties, or the occurrence of a material an event of default under any such other agreement to which Borrower and Holder are parties which is not cured after any required notice and/or cure period.

Appears in 2 contracts

Samples: Subscription Agreement (Wizard World, Inc.), Subscription Agreement (Wizard World, Inc.)

Cross-Default. A default by the Borrower of a material term, covenant, warranty or undertaking of any other agreement to which the Borrower and Holder Subscriber are parties, or the occurrence of a material event of default under any such other agreement which is not cured after any required notice and/or cure periodagreement.

Appears in 2 contracts

Samples: NCT Group Inc, NCT Group Inc

Cross-Default. A default by the Borrower of a material term, -------------- covenant, warranty or undertaking of any Transaction Document or other agreement to which the Borrower and Holder are parties, or the occurrence of a material event of default under any such other agreement which is not cured after any required notice and/or cure period.

Appears in 1 contract

Samples: FTS Group, Inc.

Cross-Default. A default by the Borrower of a material term, covenant, warranty or undertaking of any other agreement to which the Borrower and the Holder of this Note are parties, or the occurrence of a material event of default under any such other agreement to which the Borrower and the Holder of this Note are parties, which is not cured after any required notice and/or cure period.

Appears in 1 contract

Samples: Satellite Security Corp

Cross-Default. A default by the Borrower of a material term, covenant, warranty or undertaking of any other agreement to which the Borrower and Holder are parties, or the occurrence of a material event of default under any such other agreement agreement, in each case, which is not cured after any required notice and/or cure period.

Appears in 1 contract

Samples: Environmental Solutions Worldwide Inc

Cross-Default. A default by the Borrower of a material term, covenant, warranty or undertaking of any other agreement to which the Borrower and Holder are parties, or the occurrence of a material event of default under any such other agreement to which Borrower and Holder are parties which is not cured after any required notice and/or cure period.

Appears in 1 contract

Samples: Leakout Agreement (China Yongxin Pharmaceuticals Inc.)

Cross-Default. A default by the Borrower of a material term, covenant, warranty or undertaking of any other agreement to which both the Borrower and Holder are parties, or the occurrence of a material event of default under any such other agreement which is not cured after any required notice and/or cure period.

Appears in 1 contract

Samples: SVC Financial Services Inc

Cross-Default. A default by the Borrower of a material term, covenant, warranty or undertaking of any Transaction Document or other agreement to which the Borrower and Holder are parties, or the occurrence of a material event of default under any such other agreement to which Borrower and Holder are parties, which is not cured after any required notice and/or cure period.

Appears in 1 contract

Samples: Subscription Agreement (Aethlon Medical Inc)

Cross-Default. A default by the Borrower of a material ------------- term, covenant, warranty or undertaking of any other agreement to which the Borrower and Holder are parties, or the occurrence of a material event of default under any such other agreement agreement, in each case, which is not cured after any required notice and/or cure period.

Appears in 1 contract

Samples: Family Room Entertainment Corp

Cross-Default. A default by the Borrower of a material term, covenant, warranty or undertaking of any other agreement to which the Borrower and Holder are parties, or the occurrence of a material event of default under any such other agreement which is not cured after any required notice and/or cure periodagreement.

Appears in 1 contract

Samples: NCT Group Inc

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Cross-Default. A default by the Borrower of a material term, covenant, warranty or undertaking of any other agreement to which the Borrower and Holder are parties, or the occurrence of a material an event of default under any such other agreement which is not cured after any required notice and/or cure periodagreement.

Appears in 1 contract

Samples: Vianet Technologies Inc

Cross-Default. A default by the Borrower of a material term, covenant, warranty or undertaking of any other agreement to which the Borrower and any Holder are parties, or the occurrence of a material event of default under any such other third party agreement which is not cured after any required notice and/or cure period.

Appears in 1 contract

Samples: Senior Secured Note (Advance Nanotech, Inc.)

Cross-Default. A default by the Borrower to the Holder of a material term, covenant, warranty or undertaking of any other agreement to which the Borrower and Holder are parties, or the occurrence of a material event of default under any such other agreement agreement, which is not cured after any required notice and/or cure period; provided the Holder has exercised its right to declare a default or has accelerated the related obligations under the appropriate agreement.

Appears in 1 contract

Samples: General Components, Inc.

Cross-Default. A default by the Borrower of a material term, covenant, warranty or undertaking of any Transaction Document or other material agreement to which the Borrower and Holder are parties, or the occurrence of a material an event of default under any such other agreement which is not cured after any required notice and/or cure period.

Appears in 1 contract

Samples: Airtrax Inc

Cross-Default. A default by the Borrower of a material term, ------------- covenant, warranty or undertaking of any other agreement to which the Borrower and Holder are parties, or the occurrence of a material event of default under any such other agreement agreement, in each case, which is not cured after any required notice and/or cure period.

Appears in 1 contract

Samples: Amnis Systems Inc

Cross-Default. A default by the Borrower of a material term, ------------- covenant, warranty or undertaking of any other agreement to which the Borrower and Holder are parties, or the occurrence of a material event of default under any such other agreement which is not cured after any required notice and/or cure period.

Appears in 1 contract

Samples: BigString CORP

Cross-Default. A default by the Borrower of a material term, covenant, warranty or undertaking of any other agreement to which the Borrower and Holder are parties, including the Amendment and Transaction Documents, or the occurrence of a material event of default under any such other agreement which is not cured after any required notice and/or cure period.

Appears in 1 contract

Samples: Conspiracy Entertainment Holdings Inc

Cross-Default. A default by the Borrower of a material term, covenant, warranty or undertaking of any Transaction Document or other agreement to which the Borrower and Holder are parties, or the occurrence of a material event of default under any such other agreement or the occurrence of an Event of Default in connection with the Prior Offering which is not cured after any required notice and/or cure period.

Appears in 1 contract

Samples: Inrob Tech Ltd.

Cross-Default. A default by the Borrower of a material term, covenant, warranty or undertaking of any other agreement to which the Borrower and Holder are parties, if any, or the occurrence of a material event of default under any such other agreement which is not cured after any required notice and/or cure period.

Appears in 1 contract

Samples: Convertible Note (Omnimmune Holdings, Inc.)

Cross-Default. A default by the Borrower of a material term, covenant, warranty or undertaking of any Transaction Document including but not limited to the Transaction Documents of the Initial Investment or other agreement to which the Borrower and Holder are parties, or the occurrence of a material event of default under any such other agreement which is not cured after any required notice and/or cure period.

Appears in 1 contract

Samples: IDO Security Inc.

Cross-Default. A default by the Borrower of a material term, covenant, warranty or undertaking of any other agreement to which the Borrower and Holder are parties, or the occurrence of a material event of default under any such other agreement which is not cured after any required notice and/or cure period.

Appears in 1 contract

Samples: Aegis Assessments Inc

Cross-Default. A default by the Borrower of a material term, covenant, warranty or undertaking of any other agreement to which the Borrower and Holder the Lender are parties, or agreement made by Borrower in favor of holder, or the occurrence of a material event of any default under any such other agreement which is not cured after any required notice and/or cure periodperiod and which default may materially adversely affect such Borrower’s ability to pay this Note or satisfy its liability under any other obligation to the Lender or the occurrence of an “Event of Default” under any such other agreement.

Appears in 1 contract

Samples: Guardion Health Sciences, Inc.

Cross-Default. A default by the Borrower of a material term, covenant, warranty or undertaking of any other agreement relating to the issuance of debt or equity of the Borrower to which the Borrower and Holder are parties, or the occurrence of a material event of default under any such other agreement which is not cured after any required notice and/or cure period.

Appears in 1 contract

Samples: Mobile Reach International Inc

Cross-Default. A default by the Borrower of a material term, covenant, warranty or undertaking of any other agreement to which the Borrower and the Holder are parties, or the occurrence of a material event of default under any such other agreement which is not cured after any required notice and/or cure period.

Appears in 1 contract

Samples: Millennium Biotechnologies Group Inc

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