Covenants Clause Example with 8 Variations from Business Contracts

This page contains Covenants clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Covenants. In addition to the other covenants and agreements of the Company set forth in this Note, the Company covenants and agrees that so long as this Note shall be outstanding: 5.1. PAYMENT OF NOTE. The Company will punctually, according to the terms hereof, (a) within thirty (30) days after the Maturity Date, pay or cause to be paid all amounts due under this Note and (b) reasonably promptly issue the Conversion Shares upon the Conversion Date. 5.2. NOTICE OF DEFAULT. If any one or more events occ...ur which constitute or which, with the giving of notice or the lapse of time or both, would constitute an Event of Default or if the Holder shall demand payment or take any other action permitted upon the occurrence of any such Event of Default, the Company will forthwith give notice to the Holder, specifying the nature and status of the Event of Default or other event or of such demand or action, as the case may be. 5.3. COMPLIANCE WITH LAWS. The Company will comply in all material respects with all Applicable Laws, except where the necessity of compliance therewith is contested in good faith by appropriate proceedings. 5.4. USE OF PROCEEDS. The Company shall use the proceeds of this Note for general working capital. View More
Found in Glolex, Inc. contract

Variations of a "Covenants" Clause from Business Contracts

Covenants. In addition to the other covenants and agreements of the Company set forth in this Note, the Company covenants and agrees that so long as this Note shall be outstanding: 5.1. PAYMENT OF NOTE. The 5.1 Payment of Note. Upon a Maturity Date that is not also a Conversion Date, the Company will punctually, according to the terms hereof, (a) within thirty (30) days after the Maturity Date, pay or cause to be paid all amounts due under this Note and (b) reasonably promptly issue the Conversion Shares u...pon the Conversion Date. 5.2. NOTICE OF DEFAULT. Note. 5.2 Notice of Default. If any one or more events occur which constitute or which, with the giving of notice or the lapse of time or both, would constitute an Event of Default or if the Holder shall demand payment or take any other action permitted upon the occurrence of any such Event of Default, the Company will forthwith give notice to the Holder, specifying the nature and status of the Event of Default or other event or of such demand or action, as the case may be. 5.3. COMPLIANCE WITH LAWS. The Company will comply in all material respects with all Applicable Laws, except where the necessity of compliance therewith is contested in good faith by appropriate proceedings. 5.4. USE OF PROCEEDS. The Company shall use the proceeds of this Note for general working capital. View More
Found in Bionik Laboratories Corp. contract
Covenants. In addition to the other covenants and agreements of the Company set forth in this Note, the Company covenants and agrees that so long as this Note shall be outstanding: 5.1. PAYMENT OF NOTE. 4.1 Payment of Note. The Company will punctually, according to the terms hereof, (a) within thirty (30) ten (10) days after the Maturity Date, pay or cause to be paid all amounts due under this Note and (b) reasonably promptly issue the Conversion Shares upon the Conversion Date. 5.2. NOTICE OF DEFAULT. Not...e. 4.2 Notice of Default. If any one or more events occur which constitute or which, with the giving of notice or the lapse of time or both, would constitute an Event of Default or if the Holder shall demand payment or take any other action permitted upon the occurrence of any such Event of Default, the Company will forthwith give notice to the Holder, specifying the nature and status of the Event of Default or other event or of such demand or action, as the case may be. 5.3. COMPLIANCE WITH LAWS. 4.3 Compliance with Laws. The Company will comply in all material respects with all Applicable Laws, except where the necessity of compliance therewith is contested in good faith by appropriate proceedings. 5.4. USE OF PROCEEDS. 4.4 Use of Proceeds. The Company shall use the proceeds of this Note for general working capital. View More
Found in BRAIN SCIENTIFIC INC. contract
Covenants. In addition to the other covenants and agreements of the Company set forth in this Note, the Company covenants and agrees that so long as this Note shall be outstanding: 5.1. PAYMENT OF NOTE. 2 4.1 Payment of Note. The Company will punctually, according to the terms hereof, (a) within thirty (30) days after the Maturity Date, pay or cause to be paid all amounts due under this Note and (b) reasonably promptly issue the Conversion Shares upon the Conversion Date. 5.2. NOTICE OF DEFAULT. Note. 4.2 ...Notice of Default. If any one or more events occur which constitute or which, with the giving of notice or the lapse of time or both, would constitute an Event of Default or if the Holder shall demand payment or take any other action permitted upon the occurrence of any such Event of Default, the Company will forthwith give notice to the Holder, specifying the nature and status of the Event of Default or other event or of such demand or action, as the case may be. 5.3. COMPLIANCE WITH LAWS. 4.3 Compliance with Laws. The Company will comply in all material respects with all Applicable Laws, except where the necessity of compliance therewith is contested in good faith by appropriate proceedings. 5.4. USE OF PROCEEDS. 4.4 Use of Proceeds. The Company shall use the proceeds of this Note for general working capital. View More
Found in BRAIN SCIENTIFIC INC. contract
Covenants. In addition to the other covenants and agreements of the Company set forth in this Note, the Company covenants and agrees that so long as this Note shall be outstanding: 5.1. 5.1 PAYMENT OF NOTE. The Company will punctually, according to the terms hereof, (a) within thirty (30) days after the Maturity Date, pay or cause to be paid all amounts due under this Note and (b) reasonably promptly issue the Conversion Shares upon the Conversion Date. 5.2. 5.2 NOTICE OF DEFAULT. If any one or more events... occur which constitute or which, with the giving of notice or the lapse of time or both, would constitute an Event of Default or if the Holder shall demand payment or take any other action permitted upon the occurrence of any such Event of Default, the Company will forthwith give notice to the Holder, specifying the nature and status of the Event of Default or other event or of such demand or action, as the case may be. 5.3. 5.3 COMPLIANCE WITH LAWS. The Company will comply in all material respects with all Applicable Laws, except where the necessity of compliance therewith is contested in good faith by appropriate proceedings. 5.4. 5.4 USE OF PROCEEDS. The Company shall use the proceeds of this Note for general working capital. View More
Found in Glolex, Inc. contract
Covenants. In addition to the other covenants and agreements of the Company set forth in this Note, the Company covenants and agrees that so long as this Note shall be outstanding: 5.1. PAYMENT OF NOTE. 5.1 Payment of Note. The Company will punctually, according to the terms hereof, (a) within thirty (30) days after the Maturity Date, pay or cause to be paid all amounts due under this Note and (b) reasonably promptly issue the Conversion Shares upon the Conversion Date. 5.2. NOTICE OF DEFAULT. 5.2 Notice o...f Default. If any one or more events occur which constitute or which, with the giving of notice or the lapse of time or both, would constitute an Event of Default or if the Holder shall demand payment or take any other action permitted upon the occurrence of any such Event of Default, the Company will forthwith give notice to the Holder, specifying the nature and status of the Event of Default or other event or of such demand or action, as the case may be. 5.3. COMPLIANCE WITH LAWS. 5.3 Compliance with Laws. The Company will comply in all material respects with all Applicable Laws, except where the necessity of compliance therewith is contested in good faith by appropriate proceedings. 5.4. USE OF PROCEEDS. 5.4 Use of Proceeds. The Company shall use the proceeds of this Note for general working capital. View More
Found in Glolex, Inc. contract
Covenants. In addition to the other covenants and agreements of the Company set forth in this Note, the Company covenants and agrees that so long as this Note shall be outstanding: 5.1. PAYMENT OF NOTE. 5.1 Payment of Note. The Company will punctually, according to the terms hereof, (a) within thirty (30) days after the Maturity Date, pay or cause to be paid all amounts due under this Note and (b) reasonably promptly issue the Conversion Shares upon the Conversion Date. 5.2. NOTICE OF DEFAULT. 5.2 Notice o...f Default. If any one or more events occur which constitute or which, with the giving of notice or the lapse of time or both, would constitute an Event of Default or if the Holder shall demand payment or take any other action permitted upon the occurrence of any such Event of Default, the Company will forthwith give notice to the Holder, specifying the nature and status of the Event of Default or other event or of such demand or action, as the case may be. 5.3. COMPLIANCE WITH LAWS. 5.3 Compliance with Laws. The Company will comply in all material respects with all Applicable Laws, except where the necessity of compliance therewith is contested in good faith by appropriate proceedings. 5.4. USE OF PROCEEDS. 5.4 Use of Proceeds. The Company shall use the proceeds of this Note for general working capital. View More
Found in Glolex, Inc. contract
Covenants. In addition to the other covenants and agreements of the 4 Company set forth in this Note, the Company covenants and agrees that so long as this Note shall be outstanding: 5.1. PAYMENT OF NOTE. 5.1 Payment of Note. The Company will punctually, according to the terms hereof, (a) within thirty (30) days after the Maturity Date, pay or cause to be paid all amounts due under this Note and (b) reasonably promptly issue the Conversion Shares upon the Conversion Date. 5.2. NOTICE OF DEFAULT. 5.2 Notice... of Default. If any one or more events occur which constitute or which, with the giving of notice or the lapse of time or both, would constitute an Event of Default or if the Holder shall demand payment or take any other action permitted upon the occurrence of any such Event of Default, the Company will forthwith give notice to the Holder, specifying the nature and status of the Event of Default or other event or of such demand or action, as the case may be. 5.3. COMPLIANCE WITH LAWS. 5.3 Compliance with Laws. The Company will comply in all material respects with all Applicable Laws, except where the necessity of compliance therewith is contested in good faith by appropriate proceedings. 5.4. USE OF PROCEEDS. 5.4 Use of Proceeds. The Company shall use the proceeds of this Note for general working capital. View More
Found in BRAIN SCIENTIFIC INC. contract
Covenants. In addition to the other covenants and agreements of the Company set forth in this Note, the Company covenants and agrees that so long as this Note shall be outstanding: 5.1. 4.1 PAYMENT OF NOTE. The Company will punctually, according to the terms hereof, (a) within thirty (30) days after the Maturity Date, pay or cause to be paid all amounts due under this Note. Interest on the Note and (b) reasonably promptly issue will be paid monthly on the Conversion Shares upon 1st of each month the Conver...sion Date. 5.2. Note is outstanding. If any monthly interest payment is past due by more than 5 business days, a penalty of $100 per day will be added to the interest payment until paid. 4.2 NOTICE OF DEFAULT. If any one or more events occur which constitute or which, with the giving of notice or the lapse of time or both, would constitute an Event of Default or if the Holder shall demand payment or take any other action permitted upon the occurrence of any such Event of Default, the Company will forthwith give notice to the Holder, specifying the nature and status of the Event of Default or other event or of such demand or action, as the case may be. 5.3. 4.3 COMPLIANCE WITH LAWS. The Company will comply in all material respects with all Applicable Laws, except where the necessity of compliance therewith is contested in good faith by appropriate proceedings. 5.4. 4.4 USE OF PROCEEDS. The Company shall use the proceeds of this Note for general working capital. View More
Found in Glolex, Inc. contract