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. 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. Section 3.01 (i) of the Guaranty is hereby deleted and the following is inserted in lieu thereof:
(i) any Guarantor shall sell its assets in violation of Section 2.05 or shall consummate a Corporate Transaction other than in accordance with Section 2.05;
(ii) intentionally omitted; or
(iii) any Guarantor shall breach the Covenant described in Paragraph 2 of Exhibit “A”; or
(iv) any Guarantor shall be liquidated or dissolved or shall begin proceedings towards its liquidation or dissolution, except that such liquidation, dissolution or beginning of proceedings shall not constitute an Event of Default Guarantor if it occurs following the consummation of a Corporate Transaction in which such Guarantor is not the Surviving Entity; or
Additional Default. Companies are in default of the following provision of the Forbearance Agreement (the “Existing Default”):
Additional Default. As used in this Agreement, “Additional Default” means any of the following (but not including the Specified Defaults): (i) any default, Default or Event of Default under the Loan Agreement or any other Loan Document (including, without limitation, any breach of any term or provision of this Agreement, and any default or Event of Default which has occurred as of this date other than the Specified Defaults), or (ii) any breach of any representation or warranty in this Agreement or any other Loan Document. Without limiting any other provision of this Agreement, PFG may, in its sole and absolute discretion, waive an Additional Default, but only in a specific written waiver signed by PFG, and no such waiver shall imply or constitute an agreement on the part of PFG to any other Additional Defaults, whether or not similar to the Additional Default waived. Borrower agrees to give PFG immediate written notice of any Additional Default. The occurrence of an Additional Default shall constitute an Event of Default under the Loan Agreement, without the necessity of any notice or the passage of any time period.
Additional Default. In addition to all other defaults described in the Loan Documents, it shall be a material default under the Note and other Loan Documents if there is a change in ownership of twenty-five percent (25%) or more of the total ownership interests in Greenkraft, Inc., a Nevada corporation or any successors or assigns.
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.
Additional Default. 'Additional Default' as used herein means (i) an Event of Default under a Loan Document, other than the Existing Event of Default, or (ii) a breach of any of Borrower's obligations under this Agreement.
