Common use of Section 11(a) Clause in Contracts

Section 11(a). Section 11(a) of the Pledge Agreement is hereby amended and restated as follows: (i) Shin Nippon Biomedical Laboratories, Ltd. fails to make any payment when due under the Prior Loan Agreements, the Existing Loan Agreement or the New Loan Agreement or (ii) another “Event of Default” occurs under the Loan Agreement as such term is defined in any of the Prior Loan Agreements, another “Event of Default” occurs under the Existing Loan Agreement as such term is defined in the Existing Loan Agreement, or another “Event of Default” occurs under the New Loan Agreement as such term is defined in the New Loan Agreement), or;”.

Appears in 2 contracts

Samples: Pledge Agreement (Shin Nippon Biomedical Laboratories, Ltd.), Pledge Agreement (Shin Nippon Biomedical Laboratories, Ltd.)

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Section 11(a). Section 11(a) of the Pledge Agreement is hereby amended and restated as follows: (i) Shin Nippon Biomedical Laboratories, Ltd. fails to make any payment when due under the Prior Loan AgreementsAgreement, the Existing Loan Agreement or the New Loan Agreement or (ii) another “Event of Default” occurs under the Loan Agreement as such term is defined in any of the Prior Loan AgreementsAgreement, another “Event of Default” occurs under the Existing Loan Agreement as such term is defined in the Existing Loan Agreement, or another “Event of Default” occurs under the New Loan Agreement as such term is defined in the New Loan Agreement), or;”.

Appears in 1 contract

Samples: Pledge Agreement (Shin Nippon Biomedical Laboratories, Ltd.)

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Section 11(a). Section 11(a) of the Pledge Agreement is hereby amended and restated as follows: (i) Shin Nippon Biomedical Laboratories, Ltd. fails to make any payment when due under the Prior Loan Agreements, the Existing Loan Agreement or the New Loan Agreement or (ii) another “Event of Default” occurs under the Loan Agreement as such term is defined in any of the Prior Loan Agreements, another “Event of Default” occurs under the Existing Loan Agreement as such term is defined in the Existing Loan Agreement, or another “Event of Default” Default occurs under the New Loan Agreement as such term is defined in the New Loan Agreement), or;”.

Appears in 1 contract

Samples: Pledge Agreement (Shin Nippon Biomedical Laboratories, Ltd.)

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