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quarter, then ended and the comparable quarter, if any, of
the preceding fiscal year shall be delivered not later than
30 days of ter the end of the quarter to which they relate
and (ii) annual statements, consisting of an audited balance
sheet and the related statements of income and changes in
financial position as of the end of, and for, the Company's
fiscal year, and the prior fiscal year, if any, shall be
delivered not later than 90 days after the end of. such
fiscal year.
DEFAULT
The unpaid principal amount of this Note and
accrued unpaid interest thereon shall upon demand of the
holder hereof (except that no demand shall be necessary in
~ the case of Clauses (6) and (7) below) become due and
~ payable prior to the principal installment dates specified
acove if one or more of the following events (herein called
~ "Events of Default") shall happen and be continuing at the
time of such demand:
(1) if the Company shall fail to make payment
of any required installment of interest or principal on the
Notes and such failure shall continue for 10 days, or
(2) if the Company shall fail to Hake any required r
prepayments on the ?:otes and such failure shall continue
for 10 days, or
(3) if the Company shall fail to obser;;e and
perform any covenant contai:~ed herein and such failure shall
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