Events of Default Clause Example from Business Contracts

This example Events of Default clause appears in 16 contracts from 1 company

Events of Default. The occurrence of any of the following shall constitute an "Event of Default" under this Note: (a)Failure to Pay. Company shall fail to pay (i) when due any principal or interest payment on the due date hereunder or (ii) any other payment required under the terms of this -4- Note on the date due, and (in either case) such payment shall not have been made within twenty (20) days of Company's receipt of Holder's written notice to Company of such failure to pay; (b)Failure to Perform. Company fails... to perform any obligation under this Note and does not cure that failure within twenty (20) days of Company's receipt of Holder's written notice to Company of such failure to perform; or (c)Voluntary Bankruptcy or Insolvency Proceedings. Company shall (i) apply for or consent to the appointment of a receiver, trustee, liquidator or custodian of itself or of all or a substantial part of its property, (ii) be unable, or admit in writing its inability, to pay its debts generally as they mature, (iii) make a general assignment for the benefit of its or any of its creditors, (iv) be dissolved or liquidated, (v) become insolvent (as such term may be defined or interpreted under any applicable statute), (vi) commence a voluntary case or other proceeding seeking liquidation, reorganization or other relief with respect to itself or its debts under any bankruptcy, insolvency or other similar law now or hereafter in effect or consent to any such relief or to the appointment of or taking possession of its property by any official in an involuntary case or other proceeding commenced against it, or (vii) take any action for the purpose of effecting any of the foregoing; or (d)Involuntary Bankruptcy or Insolvency Proceedings. Proceedings for the appointment of a receiver, trustee, liquidator or custodian of Company or of all or a substantial part of the property thereof, or an involuntary case or other proceedings seeking liquidation, reorganization or other relief with respect to Company or the debts thereof under any bankruptcy, insolvency or other similar law now or hereafter in effect shall be commenced and an order for relief entered or such proceeding shall not be dismissed or discharged within thirty (30) days of commencement. View More
VIASPACE Inc. Contracts

Senior Convertible Promissory Note between Registrant and Kevin Schewe dated January 3, 2019 (Filed With SEC on January 8, 2019)

Senior Convertible Promissory Note between Registrant and Kevin Schewe dated April 22, 2019 (Filed With SEC on April 26, 2019)

Senior Convertible Promissory Note between Registrant and Kevin Schewe dated May 20, 2019 (Filed With SEC on May 28, 2019)

Form of Senior Convertible Promissory Note between Registrant and Haris Basit (Filed With SEC on June 10, 2019)

Senior Convertible Promissory Note between Registrant and Haris Basit dated June 4, 2019 (Filed With SEC on June 10, 2019)

Senior Convertible Promissory Note between Registrant and Kevin Schewe dated June 10, 2019 (Filed With SEC on June 13, 2019)

Senior Convertible Promissory Note between Registrant and Kevin Schewe dated July 11, 2019 (Filed With SEC on July 15, 2019)

Senior Convertible Promissory Note between Registrant and Kevin Schewe dated November 26, 2018 (Filed With SEC on November 30, 2018)

Senior Convertible Promissory Note between Registrant and Kevin Schewe dated July 27, 2018 (Filed With SEC on July 31, 2018)

Senior Convertible Promissory Note between Registrant and Haris Basit dated April 13, 2018 (Filed With SEC on April 18, 2018)

Senior Convertible Promissory Note between Registrant and Kevin Schewe dated April 13, 2018 (Filed With SEC on April 18, 2018)

Form of Senior Convertible Promissory Note between Registrant and Kevin Schewe (Filed With SEC on May 30, 2018)

Senior Convertible Promissory Note between Registrant and Kevin Schewe dated May 24, 2018 (Filed With SEC on May 30, 2018)

Senior Convertible Promissory Note between Registrant and Kevin Schewe dated June 11, 2018 (Filed With SEC on June 15, 2018)

Senior Convertible Promissory Note between Registrant and Haris Basit dated March 2, 2018 (Filed With SEC on March 7, 2018)

Senior Convertible Promissory Note between Registrant and Haris Basit dated March 16, 2018 (Filed With SEC on March 20, 2018)