Additional Default. In accordance with Section 9.01(b) of the Original Indenture, Section 6.01 is amended solely with respect to the Notes by deleting paragraph (h) and inserting in lieu thereof:
Additional Default. Borrower and Parent hereby acknowledge, confirm and agree that the failure of Borrower or Parent to comply with the terms and conditions of this Amendment shall constitute an additional Event of Default under the Loan Agreement and the other Financing Agreements.
Additional Default. In accordance with Article Eleven of the Original Indenture, Section 5.01 is amended solely with respect to the Notes by adding the following subsection:
Additional Default. Section 3.01(i) of the Guaranty is hereby deleted and the following is inserted in lieu thereof:
Additional Default. I default under the terms of a debt I have to someone other than you so that the other creditor has the right to accelerate the maturity of my other debt.
Additional Default. It shall also be considered an act of default if, in AAEDC's judgment, the greater percentage of HEC's business operation or employees has moved from Algona, Iowa, or been outsourced during the ten (10) year period of this loan.
Additional Default. Section 12.1 is amended by adding the following Section 12.1.11 in proper numerical sequence: 12.1.11
Additional Default. THE OCCURRENCE OF ANY DEFAULT OF THE BORROWER(S) IN PAYMENT OF THIS PROMISSORY NOTE SHALL ALSO CONSTITUTE AN EVENT OF DEFAULT WITH RESPECT TO THE INDEBTEDNESS OF THE BORROWER(S) EVIDENCED BY THAT CERTAIN PROMISSORY NOTE NUMBER 103428-02 DATED MARCH 22, 2011, EXECUTED BY CTD HOLDINGS, INC., IN THE ORIGINAL PRINCIPAL AMOUNT OF $100,000.00, TOGETHER WITH ANY AND ALL EXTENSIONS, RENEWALS, MODIFICATIONS, SUBSTITUTIONS, REPLACEMENTS, AND CHANGES IN FORM THEREOF, WHICH MAY FROM TIME TO TIME AND FOR ANY TERM OR TERMS ARE EFFECTED BY AN AGREEMENT BETWEEN BORROWER(S) AND THE LENDER.
Additional Default. The occurrence of any one or more of the following events without the prior consent of any Facility Mortgagee(s), to be granted or withheld in its/their sole discretion, shall also be an “Event of Default” under this Lease:
Additional Default. The passage of thirty (30) days after Landlord's receipt of a "Termination Request Notice" from the "Assignee" without Landlord having received a "Revocation Notice" (as such terms are defined in the Consent), and without Landlord having become subject to a court order or other compulsion of law staying Landlord from terminating the Lease, shall henceforth constitute an Event of Default under Section 9.1 of the Lease, supplementing the Events of Default described in clauses (a) and (b) thereof.
