Common use of Financial Information Default Clause in Contracts

Financial Information Default. Without affecting Laurus’ other rights and remedies, in the event any Company fails to deliver the financial information required by Section 11 on or before the date required by this Agreement, the Companies shall jointly and severally pay Laurus an aggregate fee in the amount of $500.00 per week (or portion thereof) for each such failure until such failure is cured to Laurus’ satisfaction or waived in writing by Laurus. All amounts that are incurred pursuant to this Section 5(b)(iv) shall be due and payable by the Companies monthly, in arrears, on the first business of each calendar month and upon expiration of the Term.

Financial Information Default. Without affecting Laurus’ other rights and remedies, in the event any Company fails to deliver the financial information required by Section 11 on or before the date required by this Agreement, the Companies shall jointly and severally pay Laurus an aggregate fee in the amount of $500.00 per week (or portion thereof) for each such failure until such failure is cured to Laurus’ satisfaction or waived in writing by Laurus. All amounts that are incurred pursuant to this Section 5(b)(iv5(b)(iii) shall be due and payable by the Companies monthly, in arrears, on the first business of each calendar month and upon expiration of the Term.

Financial Information Default. Without affecting Laurus’ ' other rights and remedies, in the event any Company fails to deliver the financial information required by Section 11 on or before the date required by this Agreement, the Companies shall jointly and severally pay Laurus an aggregate fee in the amount of $500.00 per week (or portion thereof) for each such failure until such failure is cured to Laurus’ ' satisfaction or waived in writing by Laurus. All amounts that are incurred pursuant to this Section 5(b)(iv5(b)(iii) shall be due and payable by the Companies monthly, in arrears, on the first business of each calendar month and upon expiration of the Term.

Financial Information Default. Without affecting Laurus’ ' other rights and remedies, in the event any Company fails to deliver the financial information required by Section 11 on or before the date required by this Agreement, the Companies shall jointly and severally pay Laurus an aggregate fee in the amount of $US$500.00 per week (or portion thereof) for each such failure until such failure is cured to Laurus’ ' satisfaction or waived in writing by Laurus. All amounts that are incurred pursuant to this Section 5(b)(iv) shall be due and payable by the Companies monthly, in arrears, on the first business of each calendar month and upon expiration of the Term.

Financial Information Default. Without affecting Laurus’ ' other rights and remedies, in the event any Company fails to deliver the financial information required by Section 11 on or before the date required by this Agreement, the Companies shall jointly and severally pay Laurus an aggregate fee in the amount of $500.00 200.00 per week (or portion thereof) for each such failure until such failure is cured to Laurus’ ' satisfaction or waived in writing by Laurus. All amounts that are incurred pursuant to this Section 5(b)(iv5(b)(iii) shall be due and payable by the Companies monthly, in arrears, on the first business of each calendar month and upon expiration of the Term, if not previously paid.

Financial Information Default. Without affecting Laurus’ Lender’s other rights and remedies, in the event any Company fails to deliver the financial information required by Section 11 on or before the date required by this Agreement, the Companies shall jointly and severally pay Laurus Lender an aggregate fee in the amount of $500.00 per week (or portion thereof) for each such failure until such failure is cured to Laurus’ Lender’s satisfaction or waived in writing by LaurusLender. All amounts that are incurred pursuant to this Section 5(b)(iv5(b)(iii) shall be due and payable by the Companies monthly, in arrears, on the first business of each calendar month and upon expiration of the Term.

Financial Information Default. Without affecting Laurus’ ' other rights and remedies, in the event any Company fails to deliver the financial information required by Section 11 on or before the date required by this Agreement, the Companies shall jointly and severally pay Laurus an aggregate fee in the amount of $500.00 per week (or portion thereof) for each such failure until such failure is cured to Laurus’ ' satisfaction or waived in writing by Laurus. All amounts that are incurred pursuant to this Section 5(b)(iv) shall be due and payable by the Companies monthly, in arrears, on the first business of each calendar month and upon expiration of the Term.

Financial Information Default. Without affecting Laurus’ other rights and remedies, in the event any Company fails to deliver the financial information required by Section 11 on or before the date required by this Agreement, the Companies shall jointly and severally pay Laurus an aggregate fee in the amount of $500.00 150.00 per week (or portion thereof) for each such failure until such failure is cured to Laurus’ satisfaction or waived in writing by Laurus. All amounts that are incurred pursuant to this Section 5(b)(iv5(b)(iii) shall be due and payable by the Companies monthly, in arrears, on the first business of each calendar month and upon expiration of the Term.

Financial Information Default. Without affecting Laurus’ ' other rights and remedies, in the event any Company fails to deliver the financial information required by Section 11 on or before the date required by this Agreement, the Companies shall jointly and severally pay Laurus an aggregate fee in the amount of $500.00 250.00 per week (or portion thereof) for each such failure until such failure is cured to Laurus’ ' satisfaction or waived in writing by Laurus. All amounts that are incurred pursuant to this Section 5(b)(iv) shall be due and payable by the Companies monthly, in arrears, on the first business of each calendar month and upon expiration of the Term.

Financial Information Default. Without affecting Laurus’ other rights and remedies, in the event any Company fails to deliver the financial information required by Section 11 on or before the date required by this Agreement, the Companies shall jointly and severally pay Laurus an aggregate fee in the amount of $500.00 250.00 per week (or portion thereof) for each such failure until such failure is cured to Laurus’ satisfaction or waived in writing by Laurus. All amounts that are incurred pursuant to this Section 5(b)(iv) shall be due and payable by the Companies monthly, in arrears, on the first business of each calendar month and upon expiration of the Term.

Financial Information Default. Without affecting Laurus’ ' other rights and remedies, in the event any Company fails to deliver the financial information required by Section 11 on or before the date required by this Agreement, the Companies shall jointly and severally pay Laurus an aggregate fee in the amount of $500.00 per week (or portion thereof) for each such failure until such failure is cured to Laurus’ ' satisfaction or waived in writing by Laurus. All amounts that are incurred pursuant to this Section 5(b)(iv5(b)(iii) shall be due and payable by the Companies monthly, in arrears, on the first business day of each calendar month and upon expiration of the Term.

Financial Information Default. Without affecting Laurus’ ' other rights and remedies, in the event any Company fails to deliver the financial information required by Section 11 on or before the date required by this Agreement, the Companies shall jointly and severally pay Laurus an aggregate fee in the amount of $500.00 250.00 per week (or portion thereof) for each such failure until such failure is cured to Laurus’ ' satisfaction or waived in writing by Laurus. All amounts that are incurred pursuant to this Section 5(b)(iv5(b)(iii) shall be due and payable by the Companies monthly, in arrears, on the first business of each calendar month and upon expiration of the Term.

Financial Information Default. Without affecting Laurus’ other rights and remedies, in the event any Company fails to deliver the financial information required by Section 11 on or before the date required by this Agreement, the Companies shall jointly and severally pay Laurus an aggregate fee in the amount of $500.00 per week (or portion thereof) for each such failure until such failure is cured to Laurus’ satisfaction or waived in writing by Laurus. All amounts that are incurred pursuant to this Section 5(b)(iv5(b)(iii) shall be due and payable by the Companies monthly, in arrears, on the first business of each calendar month and upon the later of (x) the expiration of the TermRevolving Term and (y) the Maturity Date (as defined in the Secured Non-Convertible Term Note).

Financial Information Default. Without affecting Laurus’ ' other rights and remedies, in the event any Company fails to deliver the financial information required by Section 11 on or before the date required by this Agreement, the Companies shall jointly and severally pay Laurus an aggregate fee in the amount of $500.00 150.00 per week (or portion thereof) for each such failure until such failure is cured to Laurus’ ' satisfaction or waived in writing by Laurus. All amounts that are incurred pursuant to this Section 5(b)(iv) shall be due and payable by the Companies monthly, in arrears, on the first business of each calendar month and upon expiration of the Term.

Financial Information Default. Without affecting Laurus’ other rights and remedies, in the event any Company fails to deliver the financial information required by Section 11 on or before the date required by this Agreement, the Companies shall jointly and severally pay Laurus an aggregate fee in the amount of $500.00 per week (or portion thereof) for each such failure until such failure is cured to Laurus’ satisfaction or waived in writing by Laurus. All amounts that are incurred pursuant to this Section 5(b)(iv5(b)(iii) shall be due and payable by the Companies monthly, in arrears, on the first business of each calendar month and upon expiration of the TermTerm and on the Maturity Date (as defined in the Secured Convertible Term Note).

Financial Information Default. Without affecting Laurus’ ' other rights and remedies, in the event any Company fails to deliver the financial information required by Section 11 on or before the date required by this Agreement, the Companies shall jointly and severally pay Laurus an aggregate fee in the amount of $500.00 150.00 per week (or portion thereof) for each such failure until such failure is cured to Laurus’ ' satisfaction or waived in writing by Laurus. All amounts that are incurred pursuant to this Section 5(b)(iv5(b)(iii) shall be due and payable by the Companies monthly, in arrears, on the first business of each calendar month and upon expiration of the Term.

Financial Information Default. Without affecting Laurus’ ' other rights and remedies, in the event any Company fails to deliver the financial information required by Section 11 on or before the date required by this Agreement, the Companies shall jointly and severally pay Laurus an aggregate fee in the amount of $500.00 300.00 per week (or portion thereof) for each such failure until such failure is cured to Laurus’ ' satisfaction or waived in writing by Laurus. All amounts that are incurred pursuant to this Section 5(b)(iv) shall be due and payable by the Companies monthly, in arrears, on the first business of each calendar month and upon expiration of the Term.