Common use of Cross-Default Provision Clause in Contracts

Cross-Default Provision. A default in this Agreement, shall constitute a default in the other agreements described in this Agreement to be delivered by the parties at Closing, and a default in any one or more of such agreements shall constitute a default in this Agreement.

Appears in 3 contracts

Samples: Sale of Assets Agreement (Global Aircraft Solutions, Inc.), Sale of Assets Agreement (Renegade Venture Nev Corp), Sale of Assets Agreement (Global Aircraft Solutions, Inc.)

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Cross-Default Provision. A default in this Agreement, shall Agreement will constitute a default in the other agreements Related Agreements described in this Agreement to be delivered by the parties at Closing, Section 7 and a default in any one or more of such agreements shall the Related Agreements described in Section 7 will constitute a default in this Agreement.

Appears in 1 contract

Samples: Agreement for Sale and Purchase (Probe Manufacturing Inc)

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Cross-Default Provision. A default in this Agreement, shall Agreement will constitute a default in the other agreements Related Agreements described in this Agreement to be delivered by the parties at ClosingSection 7, and a default in any one or more of such agreements shall the Related Agreements described in Section 7 will constitute a default in this Agreement.

Appears in 1 contract

Samples: Agreement for Sale and Purchase (Pro Dex Inc)

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