Default Clause Example with 40 Variations from Business Contracts

This page contains Default 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.
Default. The following events shall be "Events of Default": (a) The occurrence of an Event of Default (as defined in the Debentures) under the Debentures; (b) Any representation or warranty of any Debtor in this Agreement shall prove to have been incorrect in any material respect when made; (c) The failure by any Debtor to observe or perform any of its obligations hereunder for five (5) days after delivery to such Debtor of notice of such failure by or on behalf of a Secured Party unless such default is ...capable of cure but cannot be cured within such time frame and such Debtor is using best efforts to cure same in a timely fashion; or (d) If any provision of this Agreement shall at any time for any reason be declared to be null and void, or the validity or enforceability thereof shall be contested by any Debtor, or a proceeding shall be commenced by any Debtor, or by any governmental authority having jurisdiction over any Debtor, seeking to establish the invalidity or unenforceability thereof, or any Debtor shall deny that any Debtor has any liability or obligation purported to be created under this Agreement. View More
Found in ReShape Lifesciences Inc. contract

Variations of a "Default" Clause from Business Contracts

Default. The following events shall be "Events of Default": (a) The occurrence of an Event of Default (as defined in the Debentures) Notes) under the Debentures; Notes; (b) Any representation or warranty of any Debtor in this Agreement shall prove to have been incorrect in any material respect when made; (c) The failure by any Debtor to observe or perform any of its obligations hereunder for five (5) days three (3) Business Days after delivery to such Debtor of written notice of such failure by or on beh...alf of a Secured Party unless or five (5) Business Days after Debtor otherwise becomes aware of such default is capable of cure but cannot be cured within such time frame and such Debtor is using best efforts to cure same in a timely fashion; non-observance or non-performance; or (d) If any material provision of this Agreement shall at any time for any reason be declared to be null and void, or the validity or enforceability thereof shall be contested by any Debtor, or a proceeding shall be commenced by any Debtor, or by any governmental authority having jurisdiction over any Debtor, seeking to establish the invalidity or unenforceability thereof, or any Debtor shall deny that any Debtor has any liability or obligation purported to be created under this Agreement. View More
Found in MECHANICAL TECHNOLOGY INC contract
Default. The following events shall be "Events of Default": (a) The occurrence of an Event of Default (as defined in the Debentures) Notes) under the Debentures; Notes; (b) Any representation or warranty of any Debtor in this Agreement shall prove to have been incorrect in any material respect when made; (c) The failure by any Debtor to observe or perform any of its obligations hereunder for five (5) days Business Days after delivery to such Debtor of written notice of such failure by or on behalf of a S...ecured Party unless or ten (10) Business Days after Debtor otherwise becomes aware of such default is capable of cure but cannot be cured within such time frame and such Debtor is using best efforts to cure same in a timely fashion; non-observance or non-performance; or (d) If any material provision of this Agreement shall at any time for any reason be declared to be null and void, or the validity or enforceability thereof shall be contested by any Debtor, or a proceeding shall be commenced by any Debtor, or by any governmental authority having jurisdiction over any Debtor, seeking to establish the invalidity or unenforceability thereof, or any Debtor shall deny that any Debtor has any liability or obligation purported to be created under this Agreement. View More
Found in CONVERSION LABS, INC. contract
Default. The following events shall be "Events of Default": (a) The occurrence of an Event of Default (as defined in the Debentures) Notes) under the Debentures; Notes; (b) Any representation or warranty of any the Debtor in this Agreement shall prove to have been incorrect in any material respect when made; (c) The failure by any the Debtor to observe or perform any of its obligations hereunder for five (5) days after delivery to such the Debtor of notice of such failure by or on behalf of a Secured Par...ty unless such default is capable of cure but cannot be cured within such time frame and such the Debtor is using best efforts to cure same in a timely fashion; or 14 (d) If any provision of this Agreement shall at any time for any reason be declared to be null and void, or the validity or enforceability thereof shall be contested by any the Debtor, or a proceeding shall be commenced by any the Debtor, or by any governmental authority having jurisdiction over any the Debtor, seeking to establish the invalidity or unenforceability thereof, or any the Debtor shall deny that any the Debtor has any liability or obligation purported to be created under this Agreement. View More
Found in Medovex Corp. contract
Default. The following events shall be "Events of Default": (a) The occurrence of an Event of Default (as defined in the Debentures) Notes) under the Debentures; Notes; (b) Any representation or warranty of any the Debtor in this Agreement shall prove to have been incorrect in any material respect when made; (c) The failure by any the Debtor to observe or perform any of its obligations hereunder for five (5) days after delivery to such Debtor it of notice of such failure by or on behalf of a the Secured ...Party unless such default is capable of cure but cannot be cured within such time frame and such the Debtor is using best efforts to cure same in a timely fashion; or -10- (d) If any provision of this Agreement shall at any time for any reason be declared to be null and void, or the validity or enforceability thereof shall be contested by any the Debtor, or a proceeding shall be commenced by any the Debtor, or by any governmental authority having jurisdiction over any the Debtor, seeking to establish the invalidity or unenforceability thereof, or any the Debtor shall deny that any the Debtor has any liability or obligation purported to be created under this Agreement. View More
Found in Helix TCS, Inc. contract
Default. The following events shall be "Events of Default": (a) The occurrence of an Event of Default (as defined in the Debentures) Note) under the Debentures; Note; (b) Any representation or warranty of any the Debtor in this Agreement shall prove to have been incorrect in any material respect when made; (c) The failure by any the Debtor to observe or perform any of its obligations hereunder for five (5) days after delivery to such Debtor it of notice of such failure by or on behalf of a the Secured Pa...rty unless such default is capable of cure but cannot be cured within such time frame and such the Debtor is using best efforts to cure same in a timely fashion; or (d) If any provision of this Agreement shall at any time for any reason be declared to be null and void, or the validity or enforceability thereof shall be contested by any the Debtor, or a proceeding shall be commenced by any the Debtor, or by any governmental authority having jurisdiction over any the Debtor, seeking to establish the invalidity or unenforceability thereof, or any the Debtor shall deny that any the Debtor has any liability or obligation purported to be created under this Agreement. View More
Found in Oroplata Resources, Inc. contract
Default. The following events shall be "Events of Default": Default" under this Agreement: (a) The occurrence of an Event of Default (as defined in the Debentures) Note); (b) The occurrence of an event of default or breach under any of the Debentures; (b) Transaction Documents; (c) Any representation or warranty of any Debtor in this Agreement shall prove to have been incorrect in any material respect when made; (c) 14 (d) The failure by any Debtor to observe or perform any of its obligations hereunder f...or five (5) days Trading Days after delivery to such Debtor of notice of such failure by or on behalf of a the Secured Party Lender unless such default is capable of cure but cannot be cured within such time frame and such Debtor is using best efforts to cure same in a timely fashion; or (d) (e) If any provision of this Agreement shall at any time for any reason be declared to be null and void, or the validity or enforceability thereof shall be contested by any Debtor, or a proceeding shall be commenced by any Debtor, or by any governmental authority having jurisdiction over any Debtor, seeking to establish the invalidity or unenforceability thereof, or any Debtor shall deny that any Debtor has any liability or obligation purported to be created under this Agreement. View More
Found in DPW Holdings, Inc. contract
Default. The following events shall be "Events of Default": Default" under this Agreement: (a) The occurrence of an Event of Default (as defined in the Debentures) Note); (b) The occurrence of an event of default or breach under any of the Debentures; (b) Transaction Documents; (c) Any representation or warranty of any Debtor in this Agreement shall prove to have been incorrect in any material respect when made; (c) (d) The failure by any Debtor to observe or perform any of its obligations hereunder for ...five (5) days Trading Days after delivery to such Debtor of notice of such failure by or on behalf of a the Secured Party Lender unless such default is capable of cure but cannot be cured within such time frame and such Debtor is using best efforts to cure same in a timely fashion; or (d) 14 (e) If any provision of this Agreement shall at any time for any reason be declared to be null and void, or the validity or enforceability thereof shall be contested by any Debtor, or a proceeding shall be commenced by any Debtor, or by any governmental authority having jurisdiction over any Debtor, seeking to establish the invalidity or unenforceability thereof, or any Debtor shall deny that any Debtor has any liability or obligation purported to be created under this Agreement. View More
Found in DPW Holdings, Inc. contract
Default. The following events shall be "Events of Default": (a) The occurrence of an Event of Default (as defined in the Debentures) Note); (b) The occurrence of an event of default or breach under any of the Debentures; (b) Transaction Documents (as defined in the Purchase Agreement); (c) Any representation or warranty of any Debtor in this Agreement shall prove to have been incorrect in any material respect when made; (c) (d) The failure by any Debtor to observe or perform any of its obligations hereun...der for five (5) days seven (7) Trading Days after delivery to such Debtor of notice of such failure by or on behalf of a Secured Party unless such default is capable of cure but cannot be cured within such time frame and such Debtor is using best efforts to cure same in a timely fashion; or (d) (e) If any provision of this Agreement shall at any time for any reason be declared to be null and void, or the validity or enforceability thereof shall be contested by any Debtor, or a proceeding shall be commenced by any Debtor, or by any governmental authority having jurisdiction over any Debtor, seeking to establish the invalidity or unenforceability thereof, or any Debtor shall deny that any Debtor has any liability or obligation purported to be created under this Agreement. View More
Found in GIGA TRONICS INC contract
Default. The following events shall be "Events of Default": (a) The occurrence of an Event of Default (as defined in the Debentures) Notes) under the Debentures; Notes; (b) Any representation or warranty of any Debtor in this Agreement shall prove to have been incorrect in any material respect when made; 7 (c) The failure by any Debtor to observe or perform any of its obligations hereunder for five (5) days after delivery to such Debtor of notice of such failure by or on behalf of a Secured Party unless ...such default is capable of cure but cannot be cured within such time frame and such Debtor is using best efforts to cure same in a timely fashion; fashion, provided that if no cure is provided to the satisfaction of the Secured Parties within ten (10) days after such notice, then the failure shall be deemed an Event of Default; or (d) If any provision of this Agreement shall at any time for any reason be declared to be null and void, or the validity or enforceability thereof shall be contested by any Debtor, or a proceeding shall be commenced by any Debtor, or by any governmental authority having jurisdiction over any Debtor, seeking to establish the invalidity or unenforceability thereof, or any Debtor shall deny that any Debtor has any liability or obligation purported to be created under this Agreement. View More
Found in Intrinsic Medicine, Inc. contract
Default. The following events shall be "Events of Default": (a) The occurrence of an Event of Default (as defined in the Debentures) Note); (b) The occurrence of an event of default or breach under any Transaction Documents (as defined in the Debentures; (b) Purchase Agreement); 13 (c) Any representation or warranty of any Debtor in this Agreement shall prove to have been incorrect in any material respect when made; (c) (d) The failure by any Debtor to observe or perform any of its obligations hereunder ...for five (5) days after delivery to such Debtor of notice of such failure by or on behalf of a Secured Party unless such default is capable of cure but cannot be cured within such time frame and such Debtor is using best efforts to cure same in a timely fashion; or (d) (e) If any provision of this Agreement shall at any time for any reason be declared to be null and void, or the validity or enforceability thereof shall be contested by any Debtor, or a proceeding shall be commenced by any Debtor, or by any governmental authority having jurisdiction over any Debtor, seeking to establish the invalidity or unenforceability thereof, or any Debtor shall deny that any Debtor has any liability or obligation purported to be created under this Agreement. View More
Found in DIGITAL ALLY INC contract