Common use of Default Prior to Original Maturity Date Clause in Contracts

Default Prior to Original Maturity Date. During the time that any portion of this Note is outstanding, if any Event of Default occurs prior to the original Maturity Date, the full unpaid Principal amount of this Note, together with interest and other amounts owing in respect thereof, to the date of acceleration shall become, at the Holder's election, immediately due and payable in cash.

Appears in 4 contracts

Samples: Settlement Agreement (Cannabis Global, Inc.), Compensation Note (Cannabis Global, Inc.), Sellers Acquisition Note (McTc Holdings, Inc.)

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Default Prior to Original Maturity Date. During the time that any portion of this Note is outstanding, if any Event of Default occurs prior to the original Maturity Date, the full unpaid Principal amount of this Note, together with interest and other amounts owing in respect thereof, to the date of acceleration shall become, at the Holder's ’ election, immediately due and payable in cash.

Appears in 1 contract

Samples: Settlement Agreement (Cannabis Global, Inc.)

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Default Prior to Original Maturity Date. During the time that any portion of this Note is outstanding, if any Event of Default occurs prior to the original Maturity Date, the full unpaid Principal amount of this Note, together with interest and other amounts owing in respect thereof, to the date of acceleration shall become, at the Holder's ’s election, immediately due and payable in cash.

Appears in 1 contract

Samples: Acquisition Agreement (Cannabis Global, Inc.)

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