Common use of Default Under Senior Secured Note Clause in Contracts

Default Under Senior Secured Note. this Agreement or ---------------------------------------------------- Forbearance Agreements ---------------------- No event shall have occurred and continue to exist which with or without notice or the passage of time or both would constitute a default or has been declared a default under the Amended Loan Agreement, Senior Secured Note or this Agreement which has not been unconditionally waived in writing by the Landmark Parties. There shall have been no default (or event which with or without the notice or the passage of time or both would constitute a default) or Forbearance Termination Event (as such term is defined in the applicable Forbearance Agreement) that has occurred under any of the Forbearance Agreements which has not been cured by the Company itself or unconditionally waived by the forbearing party.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Golden Steven M), Securities Purchase Agreement (Coolsavings Com Inc)

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Default Under Senior Secured Note. this Agreement or ---------------------------------------------------- Forbearance Agreements ---------------------- ---------------------------------------------------------------- No event shall have occurred and continue to exist which with or without notice or the passage of time or both would constitute a default or has been declared a default under the Amended Loan Agreement, Senior Secured Note or this Agreement which has not been unconditionally waived in writing by the Landmark Parties. There shall have been no default (or event which with or without the notice or the passage of time or both would constitute a default) or Forbearance Termination Event (as such term is defined in the applicable Forbearance Agreement) that has occurred under any of the Forbearance Agreements which has not been cured by the Company itself or unconditionally waived by the forbearing party.

Appears in 1 contract

Samples: Securities Purchase Agreement (Coolsavings Com Inc)

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Default Under Senior Secured Note. this Agreement or ---------------------------------------------------- Forbearance Agreements ---------------------- ---------------------------------------------------------------- No event shall have occurred and continue to exist which with or without notice or the passage of time or both would constitute a default or has been declared a default under the Amended Loan Agreement, the Senior Secured Note or this Agreement which has not been unconditionally waived in writing by the Landmark Parties. There shall have been no default (or event which with or without the notice or the passage of time or both would constitute a default) or and no Forbearance Termination Event (as such term is defined in the applicable Forbearance Agreement) that has occurred under any of the Forbearance Agreements which has not been cured by the Company itself or unconditionally waived by the forbearing party. The Landmark Parties shall have received certification from the Company that each of the Forbearance Agreements is in full force and effect, has not been amended without LCI's consent and no event has occurred which with or without notice or the passage of time or both would constitute a Forbearance Termination Event which has not been unconditionally waived by the forbearing party.

Appears in 1 contract

Samples: Securities Purchase Agreement (Coolsavings Com Inc)

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