Specified Default. In the absence of an exercise of the Investor’s Election, the Company may be in default under Sections 8(i) and 8(x) of the Investor Note(s) for failure to pay the outstanding amounts due under the Investor Note(s) (the “Specified Default”).
Appears in 2 contracts
Sources: Forbearance Agreement (SQL Technologies Corp.), Forbearance Agreement (Safety Quick Lighting & Fans Corp.)
Specified Default. In the absence of an exercise of the Investor’s Election, the Company may be in default under Sections 8(i) and 8(x) of the Investor Note(s) Note for failure to pay the outstanding amounts due under the Investor Note(s) Note (the “Specified Default”).
Appears in 1 contract
Sources: Forbearance Agreement (Safety Quick Lighting & Fans Corp.)