Common use of Cross-Default Clause in Contracts

Cross-Default. A default by the Borrower of a material term, covenant, warranty or undertaking of any other agreement to which the Borrower and Holder are parties, or the occurrence of a material event of default under any such other agreement which is not cured after any required notice and/or cure period.

Appears in 78 contracts

Samples: Acquisition Agreement, Convertible Note (Royale Energy Holdings, Inc.), Convertible Note (Royale Energy Holdings, Inc.)

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Cross-Default. A default by the Borrower of a material term, covenant, warranty or undertaking of any other agreement to which the Borrower and Holder are parties, or the occurrence of a material event of default under any such other agreement which is not cured after any required notice and/or cure period.

Appears in 60 contracts

Samples: Convertible Debenture (Caro Holdings Inc.), Convertible Debenture (Caro Holdings Inc.), Convertible Debenture (Caro Holdings Inc.)

Cross-Default. A default by the Borrower of a material term, covenant, warranty or undertaking of any Transaction Document or other agreement to which the Borrower and Holder are parties, or the occurrence of a material event of default under any such other agreement which is not cured after any required notice and/or cure period.

Appears in 56 contracts

Samples: Assignment and Escrow Agreement (Attitude Drinks Inc.), Note and Warrant Agreement (Attitude Drinks Inc.), Subscription Agreement (NextMart Inc.)

Cross-Default. A default by the Borrower of a material term, covenant, warranty or undertaking of any other agreement to which the Borrower and Holder are parties, or the occurrence of a material event of default under any such other agreement to which Borrower and Holder are parties which is not cured after any required notice and/or cure period.

Appears in 13 contracts

Samples: Subscription Agreement (Attitude Drinks Inc.), Subscription Agreement (Attitude Drinks Inc.), Assignment and Escrow Agreement (Attitude Drinks Inc.)

Cross-Default. A default by the Borrower of a material term, covenant, warranty or undertaking of any other agreement to which the Borrower and Holder are parties, or the occurrence of a material an event of default under any such other agreement to which Borrower and Holder are parties which is not cured after any required notice and/or cure period.

Appears in 7 contracts

Samples: Subscription Agreement (ADVANCED MEDICAL ISOTOPE Corp), Subscription Agreement (ADVANCED MEDICAL ISOTOPE Corp), Subscription Agreement (Attitude Drinks Inc.)

Cross-Default. A default by the Borrower of a material term, covenant, warranty or undertaking of any other agreement to which the Borrower and Holder are parties, or the occurrence of a material event of default under any such other agreement which is not cured after any required notice and/or cure periodperiod which such default has a Material Adverse Effect, except for late payments to telecommunication providers.

Appears in 6 contracts

Samples: Subscription Agreement (Options Media Group Holdings, Inc.), Secured Note (Wizzard Software Corp /Co), Secured Note (Options Media Group Holdings, Inc.)

Cross-Default. A default by the Borrower of under a material term, covenant, warranty or undertaking of any other agreement to which the Borrower and Holder are parties, or the occurrence of a material event of default under any such other agreement which that is not cured after any required notice and/or cure period.

Appears in 4 contracts

Samples: Secured Convertible Note (Savoy Resources Corp), Secured Convertible Note (Savoy Resources Corp), Secured Convertible Note (Savoy Resources Corp)

Cross-Default. A default by the Borrower of a material term, covenant, ------------- warranty or undertaking of any other agreement to which the Borrower and Holder are parties, or the occurrence of a material event of default under any such other agreement agreement, in each case, which is not cured after any required notice and/or cure period.

Appears in 4 contracts

Samples: Convertible Note (Imaging Technologies Corp/Ca), Convertible Note (Imaging Technologies Corp/Ca), Convertible Note (Imaging Technologies Corp/Ca)

Cross-Default. A default by the Borrower of a material term, covenant, warranty or undertaking of any other agreement to which the Borrower and Holder are partiesparties as of the date hereof, or the occurrence of a material event of default under any such other agreement which is not cured after any required notice and/or cure periodagreement.

Appears in 4 contracts

Samples: Secured Convertible Note (NCT Group Inc), Convertible Note (NCT Group Inc), Secured Convertible Note (NCT Group Inc)

Cross-Default. A default by the Borrower of a material term, covenant, warranty or undertaking of any other agreement to which the Borrower and Holder are parties, or the occurrence of a material event of default under any such other agreement which which, if capable of cure, is not cured within three (3) business days after any required written notice and/or cure periodto the Borrower from the Holder.

Appears in 2 contracts

Samples: Note (Attitude Drinks Inc.), Secured Note (Force Protection Inc)

Cross-Default. A default by the Borrower of a material term, covenant, warranty or undertaking of any other material agreement to which the Borrower and Holder are parties, or the occurrence of a material an event of default under any such other agreement to which Borrower and Holder are parties which is not cured after any required notice and/or cure period.

Appears in 2 contracts

Samples: Subscription Agreement (Wizard World, Inc.), Subscription Agreement (Wizard World, Inc.)

Cross-Default. A default by the Borrower of a material term, covenant, warranty or undertaking of any other agreement to which the Borrower and Holder are parties, or the occurrence of a material event of default under any such other agreement which if capable of being cured is not cured for a period of ten (10) days after any required written notice and/or cure periodto the Borrower from the Holder.

Appears in 2 contracts

Samples: Promissory Note (Cord Blood America, Inc.), Promissory Note (Cord Blood America, Inc.)

Cross-Default. A default by the Borrower of a material term, covenant, warranty or undertaking of any other agreement to which the Borrower and Holder are parties, or the occurrence of a material event of default under any such other third party agreement which is not cured after any required notice and/or cure period.

Appears in 2 contracts

Samples: Senior Secured Convertible Note (Advance Nanotech, Inc.), Senior Secured Convertible Note (Advance Nanotech, Inc.)

Cross-Default. A default by the Borrower of a material term, covenant, warranty or undertaking of any other agreement to which the Borrower and Holder Subscriber are parties, or the occurrence of a material event of default under any such other agreement which is not cured after any required notice and/or cure periodagreement.

Appears in 2 contracts

Samples: Convertible Note (NCT Group Inc), Convertible Note (NCT Group Inc)

Cross-Default. A default by the Borrower of a material term, covenant, warranty or undertaking of any other agreement to which both the Borrower and Holder are parties, or the occurrence of a material event of default under any such other agreement which is not cured after any required notice and/or cure period.

Appears in 1 contract

Samples: Secured Convertible Note (SVC Financial Services Inc)

Cross-Default. A default by the Borrower of a material term, covenant, warranty or undertaking of any other agreement to which the Borrower and Holder are parties, or the occurrence of a material event of default under any such other agreement which is not cured after any required notice and/or cure periodagreement.

Appears in 1 contract

Samples: Secured Convertible Note (NCT Group Inc)

Cross-Default. A default by the Borrower of a material term, ------------- covenant, warranty or undertaking of any other agreement to which the Borrower and Holder are parties, or the occurrence of a material event of default under any such other agreement which is not cured after any required notice and/or cure period.

Appears in 1 contract

Samples: Convertible Note (BigString CORP)

Cross-Default. A default by the Borrower of a material ------------- term, covenant, warranty or undertaking of any other agreement to which the Borrower and Holder are parties, or the occurrence of a material event of default under any such other agreement agreement, in each case, which is not cured after any required notice and/or cure period.

Appears in 1 contract

Samples: Convertible Note (Family Room Entertainment Corp)

Cross-Default. A default by the Borrower of a material term, covenant, warranty or undertaking of any other agreement to which the Borrower and Holder are parties, if any, or the occurrence of a material event of default under any such other agreement which is not cured after any required notice and/or cure period.

Appears in 1 contract

Samples: Convertible Note (Omnimmune Holdings, Inc.)

Cross-Default. A default by the Borrower of a material term, covenant, warranty or undertaking of any other agreement to which the Borrower and Holder are parties, or the occurrence of a material event of default under any such other agreement to which Borrower and Holder are parties which is not cured after any required notice and/or cure period.

Appears in 1 contract

Samples: Leakout Agreement (China Yongxin Pharmaceuticals Inc.)

Cross-Default. A default by the Borrower of a material term, covenant, warranty or undertaking of any other agreement to which the Borrower and Holder are parties, or the occurrence of a material event of default under any such other agreement agreement, in each case, which is not cured after any required notice and/or cure period.

Appears in 1 contract

Samples: Credit Facility Agreement (Environmental Solutions Worldwide Inc)

Cross-Default. A default by the Borrower of a material term, covenant, warranty or undertaking of any other agreement relating to the issuance of debt or equity of the Borrower to which the Borrower and Holder are parties, or the occurrence of a material event of default under any such other agreement which is not cured after any required notice and/or cure period.

Appears in 1 contract

Samples: Convertible Note (Mobile Reach International Inc)

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Cross-Default. A default by the Borrower of a material term, covenant, warranty or undertaking of any Transaction Document or other agreement to which the Borrower and Holder are parties, or the occurrence of a material event of default under any such other agreement to which Borrower and Holder are parties, which is not cured after any required notice and/or cure period.

Appears in 1 contract

Samples: Subscription Agreement (Aethlon Medical Inc)

Cross-Default. A default by the Borrower of a material term, covenant, warranty or undertaking of any other agreement to which the Borrower and the Holder are parties, or the occurrence of a material event of default under any such other agreement which is not cured after any required notice and/or cure period.

Appears in 1 contract

Samples: Secured Convertible Note (Millennium Biotechnologies Group Inc)

Cross-Default. A default by the Borrower of a material term, covenant, warranty or undertaking of any other agreement to which the Borrower and Holder are parties, or the occurrence of a material an event of default under any such other agreement which is not cured after any required notice and/or cure periodagreement.

Appears in 1 contract

Samples: Secured Convertible Note (Vianet Technologies Inc)

Cross-Default. A default by the Borrower of a material term, covenant, warranty or undertaking of any Transaction Document or other material agreement to which the Borrower and Holder are parties, or the occurrence of a material an event of default under any such other agreement which is not cured after any required notice and/or cure period.

Appears in 1 contract

Samples: Secured Convertible Note (Airtrax Inc)

Cross-Default. A default by the Borrower of a material term, covenant, warranty or undertaking of any other agreement to which the Borrower and any Holder are parties, or the occurrence of a material event of default under any such other third party agreement which is not cured after any required notice and/or cure period.

Appears in 1 contract

Samples: Senior Secured Note (Advance Nanotech, Inc.)

Cross-Default. A default by the Borrower of a material term, covenant, warranty or undertaking of any other agreement to which the Borrower and Holder the Lender are parties, or agreement made by Borrower in favor of holder, or the occurrence of a material event of any default under any such other agreement which is not cured after any required notice and/or cure periodperiod and which default may materially adversely affect such Borrower’s ability to pay this Note or satisfy its liability under any other obligation to the Lender or the occurrence of an “Event of Default” under any such other agreement.

Appears in 1 contract

Samples: Promissory Note (Guardion Health Sciences, Inc.)

Cross-Default. A default by the Borrower of a material term, -------------- covenant, warranty or undertaking of any Transaction Document or other agreement to which the Borrower and Holder are parties, or the occurrence of a material event of default under any such other agreement which is not cured after any required notice and/or cure period.

Appears in 1 contract

Samples: Secured Convertible Promissory Note (FTS Group, Inc.)

Cross-Default. A default by the Borrower of a material term, covenant, warranty or undertaking of any Transaction Document including but not limited to the Transaction Documents of the Initial Investment or other agreement to which the Borrower and Holder are parties, or the occurrence of a material event of default under any such other agreement which is not cured after any required notice and/or cure period.

Appears in 1 contract

Samples: Secured Convertible Promissory Note (IDO Security Inc.)

Cross-Default. A default by the Borrower of a material term, covenant, warranty or undertaking of any other agreement to which the Borrower and Holder are parties, or the occurrence of a material event of default under any such other agreement which is not cured after any required notice and/or cure period.

Appears in 1 contract

Samples: Secured Convertible Note (Aegis Assessments Inc)

Cross-Default. A default by the Borrower of a material term, covenant, warranty or undertaking of any other agreement to which the Borrower and the Holder of this Note are parties, or the occurrence of a material event of default under any such other agreement to which the Borrower and the Holder of this Note are parties, which is not cured after any required notice and/or cure period.

Appears in 1 contract

Samples: Secured Convertible Note (Satellite Security Corp)

Cross-Default. A default by the Borrower of a material term, ------------- covenant, warranty or undertaking of any other agreement to which the Borrower and Holder are parties, or the occurrence of a material event of default under any such other agreement agreement, in each case, which is not cured after any required notice and/or cure period.

Appears in 1 contract

Samples: Convertible Note (Amnis Systems Inc)

Cross-Default. A default by the Borrower of a material term, covenant, warranty or undertaking of any other agreement to which the Borrower and Holder are parties, including the Amendment and Transaction Documents, or the occurrence of a material event of default under any such other agreement which is not cured after any required notice and/or cure period.

Appears in 1 contract

Samples: Note (Conspiracy Entertainment Holdings Inc)

Cross-Default. A default by the Borrower of a material term, covenant, warranty or undertaking of any Transaction Document or other agreement to which the Borrower and Holder are parties, or the occurrence of a material event of default under any such other agreement or the occurrence of an Event of Default in connection with the Prior Offering which is not cured after any required notice and/or cure period.

Appears in 1 contract

Samples: Secured Convertible Promissory Note (Inrob Tech Ltd.)

Cross-Default. A default by the Borrower to the Holder of a material term, covenant, warranty or undertaking of any other agreement to which the Borrower and Holder are parties, or the occurrence of a material event of default under any such other agreement agreement, which is not cured after any required notice and/or cure period; provided the Holder has exercised its right to declare a default or has accelerated the related obligations under the appropriate agreement.

Appears in 1 contract

Samples: Secured Note (General Components, Inc.)

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