Satisfaction of Obligations. For all purposes of this Agreement, the payment in full of the Obligations shall be conclusively deemed to have occurred when either the Obligations have been indefeasibly paid in cash or all outstanding Convertible Notes have been converted to common stock pursuant to the terms of the Convertible Notes and the Subscription Agreements.
Appears in 5 contracts
Samples: Guaranty Agreement (Quest Oil Corp), Guaranty Agreement (Diametrics Medical Inc), Transaction Documents Agreement (GTC Telecom Corp)
Satisfaction of Obligations. For all purposes of this AgreementAgreement including Section 4.4, the payment in full of the Obligations shall be conclusively deemed to have occurred when either the Obligations have been indefeasibly paid in cash or all outstanding Convertible Notes have been converted to common stock pursuant to the terms of the Convertible Notes and the Subscription Agreements.
Appears in 2 contracts
Samples: Guaranty Agreement (Blastgard International Inc), Guaranty Agreement (Perfisans Holdings Inc)
Satisfaction of Obligations. For all purposes of this Agreement, the ----------------------------- payment in full of the Obligations shall be conclusively deemed to have occurred when either the Obligations have been indefeasibly paid in cash or all outstanding Convertible Notes have been converted to common stock pursuant to the terms of the Convertible Notes and the Subscription Agreements.
Appears in 1 contract
Samples: Guaranty Agreement (FTS Group, Inc.)
Satisfaction of Obligations. For all purposes of this Agreement, the payment in full of the Obligations shall be conclusively deemed to have occurred when either the Obligations have been indefeasibly paid in cash or all outstanding Convertible Notes have been converted to common stock Common Stock pursuant to the terms of the Convertible Notes and the Subscription AgreementsAgreement.
Appears in 1 contract
