Common use of Default; Acceleration Clause in Contracts

Default; Acceleration. In the event that: (i) the Buyer shall fail to pay any principal hereunder for a period of five (5) days after such payment is due; or (ii) the Buyer shall fail to observe or perform any of the covenants of the Buyer contained herein

Appears in 6 contracts

Sources: Asset Purchase Agreement (Master Glaziers Karate International Inc), Asset Purchase Agreement (Master Glaziers Karate International Inc), Asset Purchase Agreement (Master Glaziers Karate International Inc)