Common use of Cessation of Operations Clause in Contracts

Cessation of Operations. Any cessation of operations by Borrower or Borrower admits it is otherwise generally unable to pay its debts as such debts become due, provided, however, that any disclosure of the Borrower’s ability to continue as a “going concern” shall not be an admission that the Borrower cannot pay its debts as they become due.

Appears in 76 contracts

Samples: Securities Purchase Agreement (Clean Energy Technologies, Inc.), Asset Purchase Agreement (Gelstat Corp), Securities Purchase Agreement (SinglePoint Inc.)

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Cessation of Operations. Any cessation of operations by Borrower or Borrower admits it is otherwise generally unable to pay its debts as such debts become due, provided, however, that any disclosure of the Borrower’s ability to continue as a “going concern” shall not be an admission that the Borrower cannot pay its debts as they become due.

Appears in 14 contracts

Samples: First Consolidated Amendment Agreement (Cellteck Inc.), Third Consolidated Amendment Agreement (Cellteck Inc.), Second Consolidated Agreement (Cellteck Inc.)

Cessation of Operations. Any cessation of operations by Borrower or Borrower admits in writing it is otherwise generally unable to pay its debts as such debts become due, provided, however, that any disclosure of the Borrower’s ability to continue as a “going concern” shall not be an admission that the Borrower cannot pay its debts as they become due.

Appears in 6 contracts

Samples: Securities Purchase Agreement (NKGen Biotech, Inc.), Registration Rights Agreement (NKGen Biotech, Inc.), Registration Rights Agreement (NKGen Biotech, Inc.)

Cessation of Operations. Any cessation of operations by Borrower or Borrower admits it is otherwise generally unable to pay its debts as such debts become due, provided, however, that any disclosure of the Borrower’s 's ability to continue as a "going concern" shall not be an admission that the Borrower cannot pay its debts as they become due.

Appears in 5 contracts

Samples: Securities Purchase Agreement (Vet Online Supply Inc), Securities Purchase Agreement (Vet Online Supply Inc), Securities Purchase Agreement (Vet Online Supply Inc)

Cessation of Operations. Any cessation of The Borrower materially ceases operations by Borrower or Borrower admits it is otherwise generally unable to pay its debts as such debts become due, provided, however, that any disclosure of the Borrower’s ability to continue as a “going concern” shall not be an admission that the Borrower cannot pay its debts as they become due.

Appears in 5 contracts

Samples: Securities Purchase Agreement (Digital Brands Group, Inc.), Securities Purchase Agreement (Digital Brands Group, Inc.), Securities Purchase Agreement (Digital Brands Group, Inc.)

Cessation of Operations. Any cessation of operations by Borrower or Borrower admits it is otherwise generally unable to pay its debts as such debts become due, provided, however, that any disclosure of the Borrower’s 's ability to continue as a "going concern" shall not be an admission that the Borrower cannot pay its debts as they become due, or any disposition or conveyance of any material asset of the Company.

Appears in 3 contracts

Samples: Securities Purchase Agreement (Vet Online Supply Inc), Securities Purchase Agreement (Vet Online Supply Inc), Securities Purchase Agreement (Vet Online Supply Inc)

Cessation of Operations. Any cessation of operations by Borrower or Borrower admits it is otherwise generally unable to pay of substantially all of its debts as such debts become dueoperations, provided, however, that any disclosure of the Borrower’s ability to continue as a “going concern” shall not be an admission that the Borrower cannot pay its debts as they become duedue or of a cessation of operations.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Cybergy Holdings, Inc.), Securities Purchase Agreement (Mount Knowledge Holdings, Inc.)

Cessation of Operations. Any cessation of operations by Borrower or Borrower admits it is otherwise generally unable to pay its debts as such debts become due, provided, however, that any disclosure of the Borrower’s ability to continue as a “going concern” shall not be an admission that the Borrower cannot pay its debts as they become due, or any disposition or conveyance of any material asset of the Company.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Chron Organization, Inc.), Securities Purchase Agreement (Vet Online Supply Inc)

Cessation of Operations. Any cessation of operations by Borrower or Borrower admits it is otherwise generally unable to pay its debts as such debts become due, provided, however, that any disclosure of the BorrowerCompany’s ability to continue as a “going concern” shall not be an admission that the Borrower Company cannot pay its debts as they become due.

Appears in 2 contracts

Samples: SANUWAVE Health, Inc., SANUWAVE Health, Inc.

Cessation of Operations. Any cessation of operations by Borrower Xxxxxxxx, or Borrower admits it is otherwise generally unable to pay its debts as such debts become due, provided, however, that any disclosure of the Borrower’s ability to continue as a “going concern” shall not be an admission that the Borrower cannot pay its debts as they become due.

Appears in 1 contract

Samples: Securities Purchase Agreement (Viking Energy Group, Inc.)

Cessation of Operations. Any cessation of operations by Borrower or Borrower admits it is otherwise generally unable to pay its debts as such debts become due, provided, however, that any disclosure of the Borrower’s ability to continue as a “going concern” shall not be an admission that the Borrower cannot pay its debts as they become due.. Form of Convertible Promissory Note

Appears in 1 contract

Samples: Securities Purchase Agreement (NovAccess Global Inc.)

Cessation of Operations. Any cessation of operations by Borrower or Borrower admits it is otherwise generally unable to pay its debts as such debts become due, provided, however, that any disclosure of the Borrower’s ability to continue as a “going concern” shall not be an admission that the Borrower cannot pay its debts as they become due.

Appears in 1 contract

Samples: Convertible Note Purchase Agreement (TechCare Corp.)

Cessation of Operations. Any cessation of operations by Borrower or Borrower admits it is otherwise generally unable to pay its debts as such debts become due, provided, however, that any Exhibit 10.8 disclosure of the Borrower’s ability to continue as a “going concern” shall not be an admission that the Borrower cannot pay its debts as they become due.

Appears in 1 contract

Samples: Debt Agreement

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Cessation of Operations. Any cessation of operations by Borrower or Borrower admits it is otherwise generally unable to pay its debts as such debts become due, provided, however, that any disclosure of the Borrower’s ability to continue as a “going concern” shall not be an admission that the Borrower cannot pay its debts as they become due.;

Appears in 1 contract

Samples: Inergetics Inc

Cessation of Operations. Any cessation of operations by Borrower or Borrower admits it is otherwise generally unable to pay its debts as such debts become due, provided, however, however that any disclosure of the Borrower’s 's ability to continue as a "going concern" shall not be an admission that the Borrower cannot pay its debts as they become come due.

Appears in 1 contract

Samples: Convertible Debenture Purchase Agreement (AirtimeDSL)

Cessation of Operations. Any cessation of operations by Borrower or Borrower admits it is otherwise generally unable to pay its debts as such debts become due, provided, however, that any disclosure of the Borrower’s Borrowers ability to continue as a going concern” concern shall not be an admission that the Borrower cannot pay its debts as they become due.

Appears in 1 contract

Samples: Stock Purchase Agreement (Lux Digital Pictures, Inc.)

Cessation of Operations. Any cessation of operations or dissolution by the Borrower or the Borrower admits it is otherwise generally unable to pay its debts as such debts become due, provided, however, that any disclosure of the Borrower’s ability to continue as a “going concern” shall not be an admission that the Borrower cannot pay its debts as they become due.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (SeqLL, Inc.)

Cessation of Operations. Any cessation of operations by Borrower or Borrower admits it is otherwise generally unable to pay its debts as such debts become due, provided, however, that any disclosure of the Borrower’s ability to continue as a “going concern” shall not be an admission that the Borrower cannot pay its debts as they become due, or any disposition or conveyance of any material asset of the Borrower.

Appears in 1 contract

Samples: Equity Purchase Agreement (Two Hands Corp)

Cessation of Operations. Any cessation of The Borrower ceases operations by Borrower or Borrower admits it is otherwise generally unable to pay its debts as such debts become due, provided, however, that any disclosure of the Borrower’s 's ability to continue as a "going concern" shall not be an admission that the Borrower cannot pay its debts as they become due.

Appears in 1 contract

Samples: Exchange Agreement (Sphere 3D Corp)

Cessation of Operations. Any A cessation of operations by of Borrower or Borrower admits it is otherwise generally unable to pay its debts as such debts become due, provided, however, however that any disclosure of the Borrower’s ability to continue as a “going concern” shall not be an admission that the Borrower cannot pay its debts as they become come due.

Appears in 1 contract

Samples: Stock Purchase Agreement

Cessation of Operations. Any cessation of operations by the Borrower or the Borrower admits it is otherwise generally unable to pay its debts as such debts become due, provided, however, that any disclosure of the Borrower’s ability to continue as a “going concern” shall not be an admission that the Borrower cannot pay its debts as they become due.

Appears in 1 contract

Samples: Debt Exchange Agreement (La Rosa Holdings Corp.)

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