Section Not to Prevent Events of Default. The failure to make a payment on account of principal of or interest on or other amounts constituting Subordinated Indebtedness by reason of any provision of this Agreement shall not be construed as preventing the occurrence of an Event of Default under Article 11 of this Agreement.
Appears in 3 contracts
Samples: Securities Purchase Agreement (National Auto Finance Co Inc), Securities Purchase Agreement (National Auto Finance Co Inc), Securities Purchase Agreement (1818 Fund Lp Brown Brothers Harriman Co Long T Michael Et Al)
Section Not to Prevent Events of Default. The failure to make a payment on account of principal of or interest on or other amounts constituting Subordinated Indebtedness by reason of any provision of this Agreement Section 7 shall not be construed as preventing the occurrence of an Event of Default under Article 11 of this AgreementSection 6.
Appears in 2 contracts
Samples: Fulcrum Direct Inc, Fulcrum Direct Inc
Section Not to Prevent Events of Default. The failure to make a payment on account of principal of or interest on or other amounts constituting Subordinated Indebtedness by reason of any provision of this Agreement Article 12 shall not be construed as preventing the occurrence of an Event of Default under Article 11 of this Agreement11.
Appears in 1 contract
Samples: Note and Warrant Purchase Agreement (Phoenix Racing Inc)
