Common use of Liability Upon Default Clause in Contracts

Liability Upon Default. The liability of the Payor upon default shall be unconditional and shall not be in any manner affected by any indulgence whatsoever granted or consented to by the Payee including, but not limited to, any extension of time, renewal, waiver or other modification.

Appears in 19 contracts

Sources: Subscription Agreement (Quantum Materials Corp.), Convertible Note (Nostalgia Family Brands, Inc.), Convertible Note (IPOWorld)