Common use of Breach of Covenant Clause in Contracts

Breach of Covenant. The Company or any of its Subsidiaries breaches any covenant or any other term or condition of this Note in any material respect and such breach, if subject to cure, continues for a period of fifteen (15) days after the occurrence thereof.

Appears in 37 contracts

Samples: Secured Term Note (Datalogic International Inc), Micro Component Technology Inc, Petrol Oil & Gas Inc

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Breach of Covenant. The Company or any of its Subsidiaries breaches any covenant or any other term or condition of this Note in any material respect and such breach, if subject to cure, continues for a period of fifteen (15) days after the occurrence thereof.

Appears in 7 contracts

Samples: Secured Term Note (Digital Recorders Inc), Participating Term Note (Thomas Equipment, Inc.), Amended And (Digital Recorders Inc)

Breach of Covenant. The Company or any of its Subsidiaries -------------------- breaches any covenant or any other term or condition of this Note in any material respect and such breach, if subject to cure, continues for a period of fifteen (15) days after the occurrence thereof.

Appears in 6 contracts

Samples: Secured Term (Texhoma Energy Inc), New Century Energy Corp., New Century Energy Corp.

Breach of Covenant. The Company or any of its Subsidiaries breaches any covenant or any other term or condition of this Note in any material respect and such breach, if subject to cure, continues for a period of fifteen (15) days after the occurrence thereof.;

Appears in 6 contracts

Samples: Secured Term Note (GreenHunter Resources, Inc.), Secured Term Note (New Century Energy Corp.), Secured Term Note (New Century Energy Corp.)

Breach of Covenant. The Company or any of its Subsidiaries breaches any covenant or any other term or condition of this Note in any material respect and such breach, if subject to cure, continues for a period of fifteen twenty (1520) days after the occurrence thereof.

Appears in 4 contracts

Samples: Securities Purchase Agreement (Modtech Holdings Inc), Waiver Agreement (Xfone Inc), Earthfirst Technologies Inc

Breach of Covenant. The Any Company or any of its Subsidiaries breaches any covenant or any other term or condition of this Note in any material respect and such breach, if subject to cure, continues for a period of fifteen (15) days after the occurrence thereof.

Appears in 4 contracts

Samples: Secured Term Note (True North Energy CORP), Secured Term Note (True North Energy CORP), Secured Term Note (True North Energy CORP)

Breach of Covenant. The Company or any of its Subsidiaries breaches any covenant or any other term or condition of this Note Note, the Purchase Agreement or any Related Agreement in any material respect and respect, and, in any such case, such breach, if subject to cure, continues for a period of fifteen thirty (1530) days after the occurrence thereof.

Appears in 3 contracts

Samples: Securities Purchase Agreement (It&e International Group), Omnibus Amendment (It&e International Group), It&e International Group

Breach of Covenant. The Company or any of its Subsidiaries breaches any covenant or any other term or condition of this Note in any material respect and such breach, if subject to cure, continues for a period of fifteen thirty (1530) days after the occurrence thereof.

Appears in 3 contracts

Samples: Windswept Environmental Group Inc, Windswept Environmental Group Inc, Windswept Environmental Group Inc

Breach of Covenant. The Company or any of its Subsidiaries breaches any covenant or any other term or condition of this Note in any material respect and such breach, if subject to cure, continues for a period of fifteen thirty (1530) days after the occurrence thereof.;

Appears in 3 contracts

Samples: Secured Term Note (Windswept Environmental Group Inc), Secured Term Note (Windswept Environmental Group Inc), Windswept Environmental Group Inc

Breach of Covenant. The Company or any of its Subsidiaries breaches any covenant or any other term or condition of this Note contained in the Purchase Agreement in any material respect and such breach, if subject to cure, continues for a period of fifteen (15) days after the occurrence thereof.

Appears in 2 contracts

Samples: Implant Sciences Corp, Implant Sciences Corp

Breach of Covenant. The Any Company or any of its Subsidiaries breaches any covenant or any other term or condition of this Note in any material respect and such breach, if subject to cure, continues for a period of fifteen (15) days after the occurrence thereof.

Appears in 2 contracts

Samples: Secured Term Note (Thomas Equipment, Inc.), Secured Term Note (Thomas Equipment, Inc.)

Breach of Covenant. The Company or any of its Subsidiaries subsidiaries breaches any covenant or any other term or condition of this Note in any material respect and such breach, if subject to cure, continues for a period of fifteen (15) days after the occurrence thereof.

Appears in 2 contracts

Samples: Solar Thin Films, Inc., Solar Thin Films, Inc.

Breach of Covenant. The Company or any of its Subsidiaries breaches any covenant or any other term or condition of this Note in any material respect and such breach, if subject to cure, continues for a period of fifteen (15) days after the occurrence thereof.;

Appears in 1 contract

Samples: China Aoxing Pharmaceutical Company, Inc.

Breach of Covenant. The Company or any of its -------------------- Subsidiaries breaches any covenant or any other term or condition of this Note in any material respect and such breach, if subject to cure, continues for a period of fifteen (15) days after the occurrence thereof.

Appears in 1 contract

Samples: Secured Term (Elec Communications Corp)

Breach of Covenant. The Company or any of its Subsidiaries breaches any covenant or any other term or condition of this Note (except as described in Section 4.1(a) above), the Purchase Agreement or any other Related Agreement in any material respect and such breach, if subject to cure, continues for a period of fifteen thirty (1530) days after the occurrence thereof.

Appears in 1 contract

Samples: Securities Purchase Agreement (Standard Management Corp)

Breach of Covenant. The Patients, the Company or any of its their respective Subsidiaries breaches any covenant or any other term or condition of this Note in any material respect and such breach, if subject to cure, continues for a period of fifteen (15) days after the occurrence thereof.

Appears in 1 contract

Samples: Patients & Physicians, Inc.

Breach of Covenant. The Company or any of its Subsidiaries Sub- sidiaries breaches any covenant or any other term or condition of this Note in any material respect and such breach, if subject to cure, continues for a period of fifteen thirty (1530) days after the occurrence thereof.

Appears in 1 contract

Samples: Windswept Environmental Group Inc

Breach of Covenant. The Company or any of its Subsidiaries ------------------- breaches any covenant or any other term or condition of this Note in any material respect and such breach, if subject to cure, continues for a period of fifteen (15) days after the occurrence thereof.

Appears in 1 contract

Samples: New Century Energy Corp.

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Breach of Covenant. The Company Borrower or any of its Subsidiaries Material Subsidiary breaches any material covenant or any other term or condition of this Note the Transaction Documents in any material respect and such breach, if subject to cure, continues for a period of fifteen (15) days after the occurrence thereofdays.

Appears in 1 contract

Samples: Securities Purchase Agreement (InspireMD, Inc.)

Breach of Covenant. The Any Company or any Subsidiary of its Subsidiaries any Company breaches any covenant or any other term or condition of this Note in any material respect and such breach, if subject to cure, continues for a period of fifteen (15) days after the occurrence thereof.

Appears in 1 contract

Samples: Secured Term (Pacific Energy Resources LTD)

Breach of Covenant. The Company or any of its Subsidiaries breaches any ------------------ covenant or any other term or condition of this Note in any material respect and such breach, if subject to cure, continues for a period of fifteen thirty (1530) days after the occurrence thereof.

Appears in 1 contract

Samples: Windswept Environmental Group Inc

Breach of Covenant. The Company or any of its Subsidiaries --------------------- breaches any covenant or any other term or condition of this Note in any material respect and such breach, if subject to cure, continues for a period of fifteen (15) days after the occurrence thereof.

Appears in 1 contract

Samples: New Century Energy Corp.

Breach of Covenant. The Company or any of its Subsidiaries breaches any covenant or any other term or condition of this Note in any material respect and such breach, if subject to cure, continues for a period of fifteen (15) days after written notice from Holder of the occurrence thereof.

Appears in 1 contract

Samples: Ams Health Sciences Inc

Breach of Covenant. The Company or any of its Subsidiaries breaches any material covenant or any other term or condition of this Note Note, the Purchase Agreement or any other Related Agreement in any material respect and such breach, if subject to cure, continues for a period of fifteen thirty (1530) days after the occurrence thereof.

Appears in 1 contract

Samples: Numerex Corp /Pa/

Breach of Covenant. The Company or any of its Subsidiaries breaches any material covenant or any other term or condition of this Note, the Purchase Agreement or any Secured Convertible Note 7 other Related Agreement in any material respect and such breach, if subject to cure, continues for a period of fifteen thirty (1530) days after the occurrence thereof.

Appears in 1 contract

Samples: Numerex Corp /Pa/

Breach of Covenant. The Company or any of its Subsidiaries breaches any covenant or any other term or condition of this Note in any material respect and respect, and, in any such case, such breach, if subject to cure, continues for a period of fifteen (15) days after the occurrence thereof.

Appears in 1 contract

Samples: Armada Water Assets Inc

Breach of Covenant. The Company or any of its Subsidiaries breaches any covenant covenant, obligation or any other term or condition of this Note in any material respect and respect, and, in any such case, such breach, if subject to cure, continues for a period of fifteen (15) days after the occurrence thereof.

Appears in 1 contract

Samples: Globeimmune Inc

Breach of Covenant. The Company or any of its Subsidiaries breaches any covenant or any other term or condition of this Note Agreement in any material respect and such breach, if subject to cure, continues for a period of fifteen (15) days after the occurrence thereof.

Appears in 1 contract

Samples: Security Agreement (Riviera Tool Co)

Breach of Covenant. The Company or any of its Subsidiaries ------------------ breaches any covenant or any other term or condition of this Note in any material respect and such breach, if subject to cure, continues for a period of fifteen (15) days after the occurrence thereof.

Appears in 1 contract

Samples: New Century Energy Corp.

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