Common use of General Default Clause in Contracts

General Default. Debtor shall fail to observe or perform any covenant, obligation, term or condition contained in the Securities Purchase Agreement, the Note, or this Agreement.

Appears in 5 contracts

Sources: Security Agreement (Donini Inc), Security Agreement (Smartserv Online Inc), Security Agreement (Galaxy Minerals Inc)

General Default. Debtor shall fail to observe or perform any covenant, obligation, term or condition contained in the Securities Purchase Agreement, the Note, Note or this Agreement.

Appears in 1 contract

Sources: Security Agreement (Emissions Testing Inc)

General Default. Debtor shall fail to observe or perform any covenant, obligation, term or condition contained in the Securities Purchase Agreement, the Note, Debenture or this Agreement.

Appears in 1 contract

Sources: Security Agreement (PCS Research Technology Inc)