Common use of Forbearance from Suit Clause in Contracts

Forbearance from Suit. No holder of Notes of this issue shall institute any suit or proceeding for the enforcement of the payment of principal or interest unless the holders of at least a majority in principal amount of all of the outstanding Notes of this issue join in such suit or proceeding.

Appears in 8 contracts

Samples: Note Purchase Agreement (Bion Environmental Technologies Inc), Note Purchase Agreement (Bion Environmental Technologies Inc), Convertible Promissory Note (Bion Environmental Technologies Inc)

AutoNDA by SimpleDocs

Forbearance from Suit. No holder Holder of Notes of this issue shall institute any suit or proceeding for the enforcement of the payment of principal or interest unless the holders Holders of at least a majority in principal amount of all of the outstanding Notes of this issue (all series in aggregate) join in such suit or proceeding.

Appears in 6 contracts

Samples: Convertible Promissory Note (Bion Environmental Technologies Inc), Convertible Promissory Note (Bion Environmental Technologies Inc), Convertible Promissory Note (Bion Environmental Technologies Inc)

Forbearance from Suit. No holder of Notes of this issue shall institute any suit or proceeding for the enforcement of the payment of principal or interest unless the holders of at least a majority fifty-one percent (51%) in principal amount of all of the outstanding Notes of this issue join in such suit or proceeding.

Appears in 6 contracts

Samples: Senior Convertible Note (Procept Inc), Senior Secured Convertible Bridge Note (Genta Incorporated /De/), Senior Secured Convertible Bridge Note (Genta Incorporated /De/)

Forbearance from Suit. No Note holder of Notes of this issue shall may institute any suit or proceeding for the enforcement of the payment of principal or interest unless the holders of at least a majority more than 50 percent in principal amount of all of the outstanding Notes of this issue join in such the suit or proceeding.

Appears in 3 contracts

Samples: Note and Warrant Purchase Agreement (Integral Vision Inc), Note and Warrant Purchase Agreement (Integral Vision Inc), Note and Warrant Purchase Agreement (Integral Vision Inc)

AutoNDA by SimpleDocs

Forbearance from Suit. No holder of Notes of this issue shall institute any suit or proceeding for the enforcement of the payment of principal or interest unless the holders of at least a majority in principal amount of all of the outstanding Notes of this issue (all series in aggregate) join in such suit or proceeding.

Appears in 2 contracts

Samples: Convertible Promissory Note (Bion Environmental Technologies Inc), Convertible Promissory Note (Bion Environmental Technologies Inc)

Forbearance from Suit. No holder of Notes a note of this issue shall institute any suit or proceeding for the enforcement of the payment of principal or interest unless the holders of at least a majority in principal more than 50 percent of the amount of all of the outstanding Notes notes of this issue join in such suit or proceeding.

Appears in 1 contract

Samples: Five Year Fifteen Percent Note (Crager Industries Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!