Common use of Cross-Default Provision Clause in Contracts

Cross-Default Provision. A default in this Agreement, including a default in payment of the Royalty Agreement, will constitute a default in the Related Agreements described in Section 6, and a default in any one or more of the Related Agreements described in Section 6 will constitute a default in this Agreement.

Appears in 1 contract

Samples: Asset Purchase Agreement (Schmitt Industries Inc)

AutoNDA by SimpleDocs

Cross-Default Provision. A default in this Agreement, including a default in payment of the Royalty AgreementNote, will constitute a default in the Related Agreements described in Section 6Sections 5 and 7, and a default in any one or more of the Related Agreements described in Section 6 Sections 5 and 7 will constitute a default in this Agreement.

Appears in 1 contract

Samples: Agreement for Sale and Purchase of Business Assets (Signal Bay, Inc.)

AutoNDA by SimpleDocs

Cross-Default Provision. A default in this Agreement, including a default in payment of the Royalty Agreement, Agreement will constitute a default in the Related Agreements described in Section 67, and a default in any one or more of the Related Agreements described in Section 6 7 will constitute a default in this Agreement.

Appears in 1 contract

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

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!