Common use of Default Under Clause in Contracts

Default Under. This Debenture. Should the Company (i) default in the payment of any Installment Payment when due or within five (5) days of grace thereafter, (ii) default in the payment of any other payment due under this Debenture (including any prepayment required to be made under this Debenture) as and when due or (iii) default in the performance of any other covenant, condition or agreement contained in this Debenture and such default shall remain unremedied fifteen (15) days after the occurrence thereof.

Default Under. This Debenture. Should the Company (i) default in the payment of any Installment Payment when due installment of principal or interest as and within five (5) days of grace thereafterwhen due, (ii) default in the payment of any other payment amount due under this Debenture (including any prepayment required to be made under this Debenture) as and when due or (iii) default in the performance of any other covenant, condition or agreement (including a Holder’s conversion option) contained in this Debenture or the Warrant Agreements and such default shall remain unremedied fifteen (15) days after the occurrence thereof.