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Common use of Defaults Clause in Contracts

Defaults. The following events shall be "Events of Default": (a) The occurrence of an Event of Default (as defined in the Notes) under the Notes; (b) Any representation or warranty of the Company in this Agreement or in the Intellectual Property Security Agreement shall prove to have been incorrect in any material respect when made; (c) The failure by the Company to observe or perform any of its obligations hereunder or in the Intellectual Property Security Agreement for ten (10) days after receipt by the Company of notice of such failure from the Secured Party; and (d) Any breach of, or default under, the Warrants.

Appears in 72 contracts

Samples: Security Agreement (Itronics Inc), Security Agreement (Furia Organization Inc /De/), Security Agreement (Banyan Corp /Or/)

Defaults. The following events shall be "Events of Default": (a) The occurrence of an Event of Default (as defined in the Notes) under the Notes; (b) Any representation or warranty of the Company in this Agreement or in the Intellectual Property Security Agreement shall prove to have been incorrect in any material respect when made; (c) The failure by the Company to observe or perform any of its obligations hereunder or in the Intellectual Property Security Agreement for ten (10) days after receipt by the Company of notice of such failure from the Secured Party; and (d) Any breach of, or default under, the Warrants.

Appears in 67 contracts

Samples: Intellectual Property Security Agreement (Modern Technology Corp), Intellectual Property Security Agreement (Modern Technology Corp), Intellectual Property Security Agreement (Itronics Inc)

Defaults. The following events shall be "Events of Default": (a) The occurrence of an Event of Default (as defined in the Notes) under the Notes; (b) Any representation or warranty of the Company in this Agreement or in the Intellectual Property Security Agreement shall prove to have been incorrect in any material respect when made; (c) The failure by the Company to observe or perform any of its obligations hereunder or in the Intellectual Property Security Agreement for ten (10) days after receipt by the Company of notice of such failure from the Secured Party; and (d) Any breach of, or default under, the Warrants.

Appears in 44 contracts

Samples: Security Agreement (Investview, Inc.), Security Agreement (Investview, Inc.), Security Agreement (Global Investor Services, Inc.)

Defaults. The following events shall be "Events of Default": (a) The occurrence of an Event of Default (as defined in the Notes) under the Notes; (b) Any representation or warranty of the Company in this Agreement or in the Intellectual Property Security Agreement shall prove to have been incorrect in any material respect when made; (c) The failure by the Company to observe or perform any of its obligations hereunder or in the Intellectual Property Security Agreement for ten (10) days after receipt by the Company of notice of such failure from the Secured Party; and (d) Any breach of, or default under, the Warrants.

Appears in 33 contracts

Samples: Intellectual Property Security Agreement (Cyber Defense Systems Inc), Intellectual Property Security Agreement (Juniper Group Inc), Intellectual Property Security Agreement (Camelot Entertainment Group, Inc.)

Defaults. The following events shall be "Events of DefaultEVENTS OF DEFAULT": (a) The occurrence of an Event of Default (as defined in the Notes) under the Notes; (b) Any representation or warranty of the Company in this Agreement or in the Intellectual Property Security Agreement shall prove to have been incorrect in any material respect when made; (c) The failure by the Company to observe or perform any of its obligations hereunder or in the Intellectual Property Security Agreement for ten (10) days after receipt by the Company of notice of such failure from the Secured Party; and (d) Any breach of, or default under, the Warrants.

Appears in 23 contracts

Samples: Security Agreement (Midnight Holdings Group Inc), Security Agreement (Midnight Holdings Group Inc), Security Agreement (Fem One Inc)

Defaults. The following events shall be "Events of Default": (a) The occurrence of an Event of Default (as defined in the NotesDebentures) under the NotesDebentures; (b) Any representation or warranty of the Company in this Agreement or in the Intellectual Property Security Agreement shall prove to have been incorrect in any material respect when made; (c) The failure by the Company to observe or perform any of its obligations hereunder or in the Intellectual Property Security Agreement for ten (10) days after receipt by the Company of notice of such failure from the Secured Party; and (d) Any breach of, or default under, the Warrants.

Appears in 22 contracts

Samples: Security Agreement (Seaview Video Technology Inc), Security Agreement (Idial Networks Inc), Security Agreement (E Resources Inc)

Defaults. The following events shall be "Events of Default": (a) The occurrence of an Event of Default (as defined in the NotesDebentures) under the NotesDebentures; (b) Any representation or warranty of the Company in this Agreement or in the Intellectual Property Security Agreement shall prove to have been incorrect in any material respect when made; (c) The failure by the Company to observe or perform any of its obligations hereunder or in the Intellectual Property Security Agreement for ten (10) days after receipt by the Company of notice of such failure from the Secured Party; and (d) Any breach of, or default under, the Warrants.

Appears in 16 contracts

Samples: Intellectual Property Security Agreement (Idial Networks Inc), Intellectual Property Security Agreement (Central Wireless Inc), Intellectual Property Security Agreement (Aquatic Cellulose International Corp)

Defaults. The following events shall be "Events of Default": (a) The occurrence of an Event of Default (as defined in the NotesDebentures) under the NotesDebentures; (b) Any representation or warranty of the Company in this Agreement or in the Intellectual Property Security Agreement shall prove to have been incorrect in any material respect when made;; and (c) The failure by the Company to observe or perform any of its obligations hereunder or in the Intellectual Property Security Agreement for ten (10) days after receipt by the Company of notice of such failure from the Secured Party; and (d) Any breach of, or default under, the Warrants.

Appears in 8 contracts

Samples: Security Agreement (IGIA, Inc.), Security Agreement (IGIA, Inc.), Security Agreement (Conectisys Corp)

Defaults. The following events shall be "Events of Default": (a) The occurrence of an Event of Default (as defined in the Notes) under the Notes; (b) Any representation or warranty of the Company in this Agreement or in the Intellectual Property Security Agreement shall prove to have been incorrect in any material respect when made;; and (c) The failure by the Company to observe or perform any of its obligations hereunder or in the Intellectual Property Security Agreement for ten (10) days after receipt by the Company of notice of such failure from the Secured Party; and (d) Any breach of, or default under, the Warrants.

Appears in 5 contracts

Samples: Security Agreement (Dibz International Inc), Security Agreement (Conectisys Corp), Security Agreement (Conectisys Corp)

Defaults. The following events shall be "Events of Default": (a) The occurrence of an Event of Default (as defined in the NotesDebentures) under the NotesDebentures; (b) Any representation or warranty of the Company in this Agreement or in the Intellectual Property Security Agreement shall prove to have been incorrect in any material respect when made; (c) The failure by the Company to observe or perform any of its obligations hereunder or in the Intellectual Property Security Agreement for ten (10) days after receipt by the Company of notice of such failure from the Secured Party; and (d) Any breach of, or default under, the Warrants.

Appears in 3 contracts

Samples: Security Agreement (ID Global Solutions Corp), Security Agreement (Clickable Enterprises Inc), Security Agreement (Lithium Technology Corp)

Defaults. The following events shall be "Events of Default":: -------- ----------------- (a) The occurrence of an Event of Default (as defined in the NotesDebentures) under the NotesDebentures; (b) Any representation or warranty of the Company in this Agreement or in the Intellectual Property Security Agreement shall prove to have been incorrect in any material respect when made; (c) The failure by the Company to observe or perform any of its obligations hereunder or in the Intellectual Property Security Agreement for ten (10) days after receipt by the Company of notice of such failure from the Secured Party; and (d) Any breach of, or default under, the Warrants.

Appears in 3 contracts

Samples: Security Agreement (Airtech International Group Inc), Security Agreement (Roanoke Technology Corp), Security Agreement (Amnis Systems Inc)

Defaults. The following events shall be "Events of Default": (a) The occurrence of an Event of Default (as defined in the NotesDebentures) under the NotesDebentures; (b) Any representation or warranty of the Company in this Agreement or in the Intellectual Property Security Agreement shall prove to have been incorrect in any material respect when made; (c) The failure by the Company to observe or perform any of its obligations hereunder or in the Intellectual Property Security Agreement for ten (10) days after receipt by the Company of notice of such failure from the Secured Party; and (d) Any breach of, or default under, under the Warrants.

Appears in 2 contracts

Samples: Security Agreement (Collectible Concepts Group Inc), Security Agreement (Sitestar Corp)

Defaults. The following events shall be "Events of Default": (a) The occurrence of an Event of Default (as defined in the Notes) under the Notes; (b) Any representation or warranty of the Company in this Agreement or in the Intellectual Property Security Agreement shall prove to have been incorrect in any material respect when made; (c) The material failure by the Company to observe or perform any of its obligations hereunder or in the Intellectual Property Security Agreement for ten (10) days after receipt by the Company of notice of such failure from the Secured Party; and (d) Any breach of, or default under, the Warrants.

Appears in 2 contracts

Samples: Security Agreement (Innofone Com Inc), Security Agreement (Innofone Com Inc)

Defaults. The following events shall be "Events of Default": (a) The occurrence of an Event of Default (as defined in the NotesDebentures) under the NotesDebentures; (b) Any representation or warranty of the Company in this Agreement or in the Intellectual Property Security Agreement shall prove to have been incorrect in any material respect when made; (c) The failure by the Company to observe or perform any of its obligations hereunder or in the Intellectual Property Security Agreement for ten (10) days after receipt by the Company of notice of such failure from the Secured Party; and (d) Any breach of, or default under, the Warrants.

Appears in 1 contract

Samples: Security Agreement (Green Envirotech Holdings Corp.)

Defaults. The following events shall be "Events of Default": (a) A. The occurrence of an Event of Default (as defined in the NotesDebentures) under the NotesDebentures; (b) B. Any representation or warranty of the Company in this Agreement or in the Intellectual Property Security Agreement shall prove to have been incorrect in any material respect when made; (c) C. The failure by the Company to observe or perform any of its obligations hereunder or in the Intellectual Property Security Agreement for ten (10) days after receipt by the Company of notice of such failure from the Secured Party; and (d) D. Any breach of, or default under, the Warrants.

Appears in 1 contract

Samples: Security Agreement (Central Wireless Inc)

Defaults. The following events shall be "Events of Default":: -------- ------------------- (a) The occurrence of an Event of Default (as defined in the NotesDebentures) under the Notes; Debentures; (b) Any representation or warranty of the Company in this Agreement or in the Intellectual Property Security Agreement shall prove to have been incorrect in any material respect when made; ; (c) The failure by the Company to observe or perform any of its obligations hereunder or in the Intellectual Property Security Agreement for ten (10) days after receipt by the Company of notice of such failure from the Secured Party; and and (d) Any breach of, or default under, the Warrants.

Appears in 1 contract

Samples: Security Agreement (Torbay Holdings Inc)

Defaults. The following events shall be "Events of Default":: -------- ----------------- (a) The occurrence of an Event of Default (as defined in the Notes) under the Notes; (b) Any representation or warranty of the Company in this Agreement or in the Intellectual Property Security Agreement shall prove to have been incorrect in any material respect when made; (c) The failure by the Company to observe or perform any of its obligations hereunder or in the Intellectual Property Security Agreement for ten (10) days after receipt by the Company of notice of such failure from the Secured Party; and (d) Any material breach of, or default under, the Warrants.

Appears in 1 contract

Samples: Intellectual Property Security Agreement (Pediatric Prosthetics Inc)

Defaults. The following events shall be "Events of -------- Default": (a) The occurrence of an Event of Default (as defined in the Notes) under the Notes; (b) Any representation or warranty of the Company in this Agreement or in the Intellectual Property Security Agreement shall prove to have been incorrect in any material respect when made; (c) The failure by the Company to observe or perform any of its obligations hereunder or in the Intellectual Property Security Agreement for ten (10) days after receipt by the Company of notice of such failure from the Secured Party; and (d) Any breach of, or default under, the Warrants.

Appears in 1 contract

Samples: Intellectual Property Security Agreement (Med Gen Inc)

Defaults. The following events shall be "Events of Default": (a) The occurrence of an Event of Default (as defined in the NotesDebentures) under the NotesDebentures; (b) Any representation or warranty of the Company in this Agreement or in the Intellectual Property Security Agreement shall prove to have been incorrect in any material respect when made; (c) The failure by the Company to observe or perform any of its obligations hereunder or in the Intellectual Property Security Agreement for ten (10) days after receipt by the Company of notice of such failure from the Secured Party; and and (d) Any breach of, or default under, the Warrants.

Appears in 1 contract

Samples: Security Agreement (Fullcircle Registry Inc)

Defaults. The following events shall be "Events of Default":: -------- ------------------- (a) The occurrence of an Event of Default (as defined in the Notes) under the Notes; (b) Any representation or warranty of the Company in this Agreement or in the Intellectual Property Security Agreement shall prove to have been incorrect in any material respect when made; (c) The failure by the Company to observe or perform any of its material obligations hereunder or in the Intellectual Property Security Agreement for ten (10) days after receipt by the Company of notice of such failure from the Secured Party; and (d) Any material breach of, or default under, the Warrants.

Appears in 1 contract

Samples: Security Agreement (Pediatric Prosthetics Inc)

Defaults. The following events shall be "Events of Default": (a) The occurrence of an Event of Default (as defined in the NotesDebentures) under the NotesDebentures; (b) Any representation or warranty of the Company in this Agreement or in the Intellectual Property Security Agreement Agreement, if any, shall prove to have been incorrect in any material respect when made; (c) The failure by the Company to observe or perform any of its obligations hereunder or in the Intellectual Property Security Agreement for ten (10) days after receipt by the Company of notice of such failure from the Secured Party; and (d) Any breach of, or default under, the Warrants.

Appears in 1 contract

Samples: Security Agreement (Vital Living Products Inc)

Defaults. The following events shall be "Events of -------- Default": (a) The occurrence of an Event of Default (as defined in the Notes) under the Notes; (b) Any representation or warranty of the Company in this Agreement or in the Intellectual Property Security Agreement shall prove to have been incorrect in any material respect when made; (c) The failure by the Company to observe or perform any of its obligations hereunder or in the Intellectual Property Security Agreement for ten (10) days after receipt by the Company of notice of such failure from the Secured Party; and (d) Any breach of, or default under, the Warrants.

Appears in 1 contract

Samples: Security Agreement (Med Gen Inc)

Defaults. The following following, events shall be "Events of Default": (a) The occurrence of an Event of Default (as defined in the Notes) under the Notes; (b) Any representation or warranty of the Company in this Agreement or in the Intellectual Property Security Agreement shall prove to have been incorrect in any material respect when made; (c) The failure by the Company to observe or perform any of its obligations hereunder or in the Intellectual Property Security Agreement for ten (10) days after receipt by the Company of notice of such failure from the Secured Party; and (d) Any breach of, or default under, the Warrantsdefault.

Appears in 1 contract

Samples: Security Agreement (Camelot Entertainment Group, Inc.)

Defaults. The following events shall be "Events of Default": (a) The occurrence of an Event of Default (as defined in the Notes) under the Notes; (b) Any representation or warranty of the Company in this Agreement or in the Intellectual Property Security Agreement shall prove to have been incorrect in any material respect when made; (c) The failure by the Company to observe or perform any of its obligations hereunder or in the Intellectual Property Security Agreement for ten (10) days after receipt by the Company of notice of such failure from the Secured Party; and (d) Any breach of, or default under, the Warrantsdefault.

Appears in 1 contract

Samples: Intellectual Property Security Agreement (Wellstar International, Inc.)

Defaults. The following events shall be "Events of Default": (a) The occurrence of an Event of Default (as defined in the NotesDebentures) under the NotesDebentures; (b) Any representation or warranty of the Company in this Agreement or in the Intellectual Property Security Agreement shall prove to have been incorrect in any material respect when made; (c) The failure by the Company to observe or perform any of its obligations hereunder or in the Intellectual Property Security Agreement for ten (10) days after receipt by the Company of notice of such failure from the Secured Party; and (d) Any breach of, or default under, the Warrants.

Appears in 1 contract

Samples: Security Agreement (Clickable Enterprises Inc)

Defaults. The following events shall be "Events of Default"Default : (a) The occurrence of an Event of Default (as defined in the Notes) under the Notes; ; (b) Any representation or warranty of the Company in this Agreement or in the Intellectual Property Security Agreement shall prove to have been incorrect in any material respect when made; ; (c) The failure by the Company to observe or perform any of its obligations hereunder or in the Intellectual Property Security Agreement for ten (10) days after receipt by the Company of notice of such failure from the Secured Party; and and (d) Any breach of, or default under, the Warrants.

Appears in 1 contract

Samples: Intellectual Property Security Agreement (Palomar Enterprises Inc)

Defaults. The following events shall be "Events of Default":: -------- ----------------- (a) The occurrence of an Event of Default (as defined in the Notes) under the Notes; (b) Any representation or warranty of the Company in this Agreement or in the Intellectual Property Security Agreement shall prove to have been incorrect in any material respect when made; (c) The failure by the Company to observe or perform any of its obligations hereunder or in the Intellectual Property Security Agreement for ten (10) days after receipt by the Company of notice of such failure from the Secured Party; and (d) Any breach of, or default under, the Warrants.

Appears in 1 contract

Samples: Intellectual Property Security Agreement (Mt Ultimate Healthcare Corp)

Defaults. The following events shall be "Events of Default": (a) The occurrence of an Event of Default (as defined in the Notes) under the Notes; (b) Any representation or warranty of the Company in this Agreement or in the Intellectual Property Security Agreement shall prove to have been incorrect in any material respect when made; (c) The failure by the Company to observe or perform any of its obligations hereunder or in the Intellectual Property Security Agreement for ten (10) days after receipt by the Company of notice of such failure from the Secured Party; and (d) Any breach of, or default under, the Warrantsdefault.

Appears in 1 contract

Samples: Security Agreement (Wellstar International, Inc.)

Defaults. The following events shall be "Events of Default": (a) The occurrence of an Event of Default (as defined in the NotesDebentures) under the NotesDebentures; (b) Any representation or warranty of the Company in this Agreement or in the Intellectual Property Security Purchase Agreement shall prove to have been incorrect in any material respect when made; (c) The failure by the Company to observe or perform any of its obligations hereunder or in the Intellectual Property Security Purchase Agreement for ten (10) days after receipt by the Company of notice of such failure from the Secured Party; and (d) Any breach of, or default under, the Warrants.

Appears in 1 contract

Samples: Security Agreement (ID Global Solutions Corp)

Defaults. The following events shall be "Events of Default": (a) The occurrence of an Event of Default (as defined in the Secured Notes) under the Secured Notes; (b) Any representation or warranty of the Company in this Agreement or in the Intellectual Property Security Purchase Agreement shall prove to have been incorrect in any material respect when made; (c) The failure by the Company to observe or perform any of its obligations hereunder or in the Intellectual Property Security Purchase Agreement for ten (10) days after receipt by the Company of notice of such failure from the Secured Party; and (d) Any breach of, or default under, the Warrants.

Appears in 1 contract

Samples: Security Agreement (ID Global Solutions Corp)

Defaults. The following events shall be "Events of Default":: -------- ----------------- (a) The occurrence of an Event of Default (as defined in the Notes) under the Notes; (b) Any representation or warranty of the Company in this Agreement or in the Intellectual Property Security Agreement shall prove to have been incorrect in any material respect when made; (c) The failure by the Company to observe or perform any of its obligations hereunder or in the Intellectual Property Security Agreement for ten (10) days after receipt by the Company of notice of such failure from the Secured Party; and (d) Any breach of, or default under, the Warrants.

Appears in 1 contract

Samples: Security Agreement (Mt Ultimate Healthcare Corp)

Defaults. The following events shall be "Events of Default": (a) The occurrence of an Event of Default (as defined in the Notes) under the Notes; (b) Any representation or warranty of the Company in this Agreement or in the Intellectual Property Security Agreement shall prove to have been incorrect in any material respect when made; (c) The failure by the Company to observe or perform any of its obligations hereunder or in the Intellectual Property Security Agreement for ten (10) days after receipt by the Company of notice of such failure from the Secured Party; and (d) Any breach of, or default under, the Warrants, if any.

Appears in 1 contract

Samples: Intellectual Property Security Agreement (Camelot Entertainment Group, Inc.)

Defaults. The following events shall be "Events of Default": (a) The occurrence of an Event of Default (as defined in the Notes) under the Notes; (b) Any representation or warranty of the Company in this Agreement or in the Intellectual Property Security Agreement shall prove to have been incorrect in any material respect when made; (c) The failure by the Company to observe or perform any of its obligations hereunder or in the Intellectual Property Security Agreement for ten (10) days after receipt by the Company of notice of such failure from the Secured Party; and (d) Any material breach of, or default under, the Warrants.

Appears in 1 contract

Samples: Intellectual Property Security Agreement (Pediatric Prosthetics Inc)

Defaults. The following events shall be "Events of Default":: -------- ------------------- (a) The occurrence of an Event of Default (as defined in the NotesDebentures) under the NotesDebentures; (b) Any representation or warranty of the Company in this Agreement or in the Intellectual Property Security Agreement shall prove to have been incorrect in any material respect when made; (c) The failure by the Company to observe or perform any of its obligations hereunder or in the Intellectual Property Security Agreement for ten (10) days after receipt by the Company of notice of such failure from the Secured Party; and (d) Any breach of, or default under, the Warrants.

Appears in 1 contract

Samples: Security Agreement (Marketcentral Net Corp)

Defaults. The following events shall be "Events of Default": (a) The occurrence of an Event of Default (as defined in the Notes) under the Notes; (b) Any representation or warranty of the Company in this Agreement or in the Intellectual Property Security Agreement shall prove to have been incorrect in any material respect when made; (c) The failure by the Company to observe or perform any of its obligations hereunder or in the Intellectual Property Security Agreement for ten (10) days after receipt by the Company of notice of such failure from the Secured Party; and and (d) Any breach of, or default under, the Warrants.

Appears in 1 contract

Samples: Security Agreement (Nayna Networks, Inc.)

Defaults. The following events shall be "Events of Default":: -------- ----------------- (a) The occurrence of an Event of Default (as defined in the NotesDebentures) under the Notes; Debentures; (b) Any representation or warranty of the Company in this Agreement or in the Intellectual Property Security Agreement shall prove to have been incorrect in any material respect when made; (c) The failure by the Company to observe or perform any of its obligations hereunder or in the Intellectual Property Security Agreement for ten (10) days after receipt by the Company of notice of such failure from the Secured Party; and (d) Any breach of, or default under, under the WarrantsWarrant.

Appears in 1 contract

Samples: Security Agreement (Aquatic Cellulose International Corp)

Defaults. The following events shall be "Events of Default": (a) The occurrence of an Event of Default (as defined in the Notes) under the Notes; (b) Any representation or warranty of the Company in this Agreement or in the Intellectual Property Security Agreement shall prove to have been incorrect in any material respect when made; (c) The failure by the Company to observe or perform any of its material obligations hereunder or in the Intellectual Property Security Agreement for ten (10) days after receipt by the Company of notice of such failure from the Secured Party; and (d) Any material breach of, or default under, the Warrants.

Appears in 1 contract

Samples: Security Agreement (Pediatric Prosthetics Inc)

Defaults. The following events shall be "Events of Default": (a) The occurrence of an Event of Default (as defined in the Notes) under the Notes; (b) Any representation or warranty of the Company in this Agreement or in the Intellectual Property Security Agreement shall prove to have been incorrect in any material respect when made; (c) The failure by the Company to observe or perform any of its obligations hereunder or in the Intellectual Property Security Agreement for ten (10) days after receipt by the Company of notice of such failure from the Secured Party; and (d) Any breach of, or default under, the Warrants.

Appears in 1 contract

Samples: Security Agreement (Palomar Enterprises Inc)