Common use of Absolute Obligation Clause in Contracts

Absolute Obligation. Except as expressly provided herein, no provision of this Note shall alter or impair the obligation of Borrower, which is absolute and unconditional, to pay the principal of, liquidated damages and accrued interest, as applicable, on this Note at the time, place, and rate, and in the coin or currency, herein prescribed. This Note is a direct debt obligation of Borrower.

Appears in 21 contracts

Samples: Convertible Security Agreement (AgEagle Aerial Systems Inc.), Convertible Security Agreement (Nevada Canyon Gold Corp.), Convertible Security Agreement (PishPosh, Inc.)

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Absolute Obligation. Except as expressly provided herein, no provision of this Note shall alter or impair the obligation of Borrower, which is absolute and unconditional, to pay the principal of, liquidated damages and accrued interest, as applicable, on this Note at the time, place, and rate, and in the coin or currency, herein prescribed. This Note is a direct debt obligation of Borrower. This Note ranks pari passu with all Other Notes now or hereafter issued under the terms set forth herein.

Appears in 16 contracts

Samples: Convertible Security Agreement (Wearable Health Solutions, Inc.), Convertible Security Agreement (Pacific Software, Inc.), Convertible Security Agreement (Pacific Software, Inc.)

Absolute Obligation. Except as expressly provided herein, no provision of this Note shall alter or impair the obligation obligations of Borrowerthe Borrowers, which is are absolute and unconditional, to pay the principal of, liquidated damages and accrued interest, as applicable, on this Note Obligations at the time, place, and rate, and in the coin or currency, herein prescribed. This Note is a direct debt obligation of Borrowerthe Borrowers.

Appears in 8 contracts

Samples: Convertible Note (Hightimes Holding Corp.), Convertible Note (Hightimes Holding Corp.), Convertible Note (Hightimes Holding Corp.)

Absolute Obligation. Except as expressly provided herein, no provision of this Note Debenture shall alter or impair the obligation of Borrower, which is absolute and unconditional, to pay the principal Principal Amount of, interest and liquidated damages and accrued interest(if any) on, as applicable, on this Note Debenture at the time, place, and rate, and in the coin or currency, herein prescribed. This Note Debenture is a direct debt obligation of Borrower.

Appears in 7 contracts

Samples: Convertible Debenture (Tauriga Sciences, Inc.), Convertible Security Agreement (Tauriga Sciences, Inc.), Convertible Debenture (Tauriga Sciences, Inc.)

Absolute Obligation. Except as expressly provided herein, no provision of this Note shall alter or impair the obligation of Borrower, which is absolute and unconditional, to pay the principal of, liquidated damages and accrued interest, as applicable, on this Note at the time, place, and rate, and in the coin or currency, herein prescribed. This Note is a direct debt obligation of Borrower. This Note ranks pari passu with all other Notes now or hereafter issued under the terms set forth herein pursuant to the Purchase Agreement.

Appears in 6 contracts

Samples: Convertible Security Agreement (Reign Sapphire Corp), Convertible Security Agreement (Gratitude Health, Inc.), Convertible Security Agreement (MaxQ AI Ltd.)

Absolute Obligation. Except as expressly provided herein, no provision of this Note shall alter or impair the obligation of Borrower, which is absolute and unconditional, to pay the principal of, liquidated damages of and accrued interest, as applicable, on this Note at the time, place, and rate, and in the coin or currency, herein prescribed. This Note is a direct debt obligation of Borrower. This Note ranks pari passu with all Other Notes now or hereafter issued under the terms set forth herein.

Appears in 5 contracts

Samples: 10.0% Note (Stronghold Digital Mining, Inc.), 10.0% Note (Stronghold Digital Mining, Inc.), 10% Note (Stronghold Digital Mining, Inc.)

Absolute Obligation. Except as expressly provided herein, no provision of this Note shall alter or impair the obligation of Borrower, which is absolute and unconditional, to pay the principal Principal Amount of, interest and liquidated damages and accrued interest(if any) on, as applicable, on this Note at the time, place, and rate, and in the coin or currency, herein prescribed. This Note is a direct debt obligation of Borrower.

Appears in 3 contracts

Samples: Promissory Note (KonaRed Corp), Promissory Note (KonaRed Corp), Funds Advance Term Sheet (KonaRed Corp)

Absolute Obligation. Except as expressly provided herein, no provision of this Note shall alter or impair the obligation of Borrower, which is absolute and unconditional, to pay the principal of, liquidated damages and accrued interest, as applicable, on this Note at the time, place, and rate, and in the coin or currency, herein prescribed. This Note is a direct debt obligation of Borrower. This Note ranks pari passu with all other Notes now existing (except as the Note may be expressly subordinated to such indebtedness pursuant to Section 11) or hereafter issued under the terms set forth herein.

Appears in 3 contracts

Samples: Convertible Security Agreement (XpresSpa Group, Inc.), Convertible Security Agreement (XpresSpa Group, Inc.), Convertible Security Agreement (XpresSpa Group, Inc.)

Absolute Obligation. Except as expressly provided herein, no provision of this Note shall alter or impair the obligation of Borrower, which is absolute and unconditional, to pay the principal of, of liquidated damages and accrued interest, as applicable, on this Note at the time, place, and rate, and in the coin or currency, herein prescribed. This Note is a direct debt obligation of Borrower. This Note ranks pan i passu with all other Notes now or hereafter issued under the terms set forth herein.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Accelerated Pharma, Inc.), Convertible Security Agreement (Accelerated Pharma, Inc.)

Absolute Obligation. Except as expressly provided herein, no provision of this Note shall alter or impair the obligation of Borrowerthe Debtors, which is absolute and unconditional, to pay the principal of, liquidated damages and accrued interest, as applicable, on this Note at the time, place, and rate, and in the coin or currency, herein prescribed. This Note is a direct debt obligation of Borrowerthe Debtors. This Note ranks pari passu with all other Notes now or hereafter issued under the terms set forth herein.

Appears in 2 contracts

Samples: Zero Coupon Secured Convertible Note (Pure Bioscience, Inc.), Zero Coupon Secured Subordinated Convertible Note (ZBB Energy Corp)

Absolute Obligation. Except as expressly provided herein, no provision of this Note shall alter or impair the obligation of Borrowerthe Borrowers, which is absolute and unconditional, to pay the principal of, liquidated damages and accrued interest, as applicable, on this Note at the time, place, and rate, and in the coin or currency, herein prescribed. This Note is a direct debt obligation of Borrowerthe Borrowers.

Appears in 2 contracts

Samples: Convertible Security Agreement (Intercloud Systems, Inc.), Convertible Security Agreement (Intercloud Systems, Inc.)

Absolute Obligation. Except as expressly provided herein, no provision of this Note shall alter or impair the obligation of Borrower, which is absolute and unconditional, to pay the principal of, liquidated damages and accrued interest, as applicable, on this Note at the time, place, and rate, and in the coin or currency, herein prescribed. This Note is a direct debt obligation of Borrower. This Note ranks paripassu with all other Notes now or hereafter issued under the terms set forth herein.

Appears in 2 contracts

Samples: Convertible Security Agreement (Emerald Medical Applications Corp.), Convertible Security Agreement (Emerald Medical Applications Corp.)

Absolute Obligation. Except as expressly provided herein, no provision of this Note shall alter or impair the obligation of Borrower, which is absolute and unconditional, to pay (A) the principal of, liquidated damages amount of this Note and accrued (B) interest, as applicableand other amounts owing to a Holder of this Note, on this Note at the time, place, and rate, and in the coin or currency, herein prescribed. This Note is a direct debt obligation of Borrower. This Note ranks pari passu with all other Notes now or hereafter issued under the terms set forth herein.

Appears in 2 contracts

Samples: Convertible Note (GT Biopharma, Inc.), Convertible Note (GT Biopharma, Inc.)

Absolute Obligation. Except as expressly provided herein, no provision of this Note shall alter or impair the obligation of Borrower, which is absolute and unconditional, to pay the principal of, liquidated damages and accrued interest, as applicable, on this Note at the time, place, and rate, and in the coin or currency, herein prescribed. This Note is a direct debt obligation of Borrower.

Appears in 1 contract

Samples: Note (Generex Biotechnology Corp)

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Absolute Obligation. Except as expressly provided herein, no provision of this Note shall alter or impair the obligation of Borrower, which is absolute and unconditional, to pay the principal of, of liquidated damages and accrued interest, as applicable, on this Note at the time, place, and rate, and in the coin or currency, herein prescribed. This Note is a direct debt obligation of Borrower. This Note ranks pari passu with all other Notes now or hereafter issued under the terms set forth herein.

Appears in 1 contract

Samples: Convertible Security Agreement (Accelerated Pharma, Inc.)

Absolute Obligation. Except as expressly provided herein, no provision of this Note shall alter or impair the obligation of the Borrower, which is absolute and unconditional, to pay the principal of, liquidated damages and accrued interestinterest on, as applicable, on this Note at the time, place, and rate, and in the coin or currency, herein prescribed. This Note is a direct debt obligation of the Borrower.

Appears in 1 contract

Samples: Secured Promissory Note (America West Resources, Inc.)

Absolute Obligation. Except as expressly provided herein, no provision of this Note shall alter or impair the obligation of Borrower, which is absolute and unconditional, to pay the principal of, liquidated damages and accrued interest, as applicable, on this Note at the time, place, and rate, and in the coin or currency, herein prescribed. This Note is a direct debt obligation of Borrower.

Appears in 1 contract

Samples: Security Agreement (Creative Medical Technology Holdings, Inc.)

Absolute Obligation. Except as expressly provided herein, no provision of this Note shall alter or impair the obligation of Borrower, which is absolute and unconditional, to pay the principal of, liquidated damages and accrued interest, as applicable, on this Note at the time, place, and rate, and in the coin or currency, herein prescribed. This Note is a direct debt obligation of Borrower. This Note ranks pari passu with all Other Notes.

Appears in 1 contract

Samples: Convertible Security Agreement (General Employment Enterprises Inc)

Absolute Obligation. Except as expressly provided herein, no provision of this Note shall alter or impair the obligation of Borrowerthe Borrowers, which is absolute and unconditional, to pay the principal of, liquidated damages of and accrued interest, as applicable, on this Note at the time, place, and rate, and in the coin or currency, herein prescribed. This Note is a direct debt obligation of Borrowerthe Borrowers.

Appears in 1 contract

Samples: Security Agreement (Intercloud Systems, Inc.)

Absolute Obligation. Except as expressly provided herein, no provision of this Note shall alter or impair the obligation of Borrowerthe Borrowers, which is absolute and unconditional, to pay the principal of, liquidated damages and accrued interest, as applicable, on of this Note and other amounts due and payable hereunder at the time, place, and rate, and in the coin or currency, herein prescribed. This Note is a direct debt obligation of Borrowerthe Borrowers. All payments hereunder shall be made without deduction, offset, counterclaim or defenses of any nature whatsoever.

Appears in 1 contract

Samples: Convertible Security Agreement (Marimed Inc.)

Absolute Obligation. Except as expressly provided herein, no No provision of this Note shall alter or impair the obligation of the Borrower, which is absolute and unconditional, to pay the principal of, liquidated damages and accrued interest, as applicable, on this Note at the time, place, and rate, and in the coin or currency, herein prescribed. This Note is a direct debt obligation of the Borrower.

Appears in 1 contract

Samples: Secured Promissory Note (Esports Entertainment Group, Inc.)

Absolute Obligation. Except as expressly provided herein, no provision of this Note shall alter or impair the obligation of Borrower, which is absolute and unconditional, to pay (A) the principal of, liquidated damages and accrued interest, as applicable, on this Note at the time, place, and rate, and in the coin or currency, herein prescribed. This Note is a direct debt obligation of Borrower. This Note ranks pari passu with all other Notes now or hereafter issued under the terms set forth herein.

Appears in 1 contract

Samples: Settlement Note (GT Biopharma, Inc.)

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