Xeriant Inc (XERI)

[Smartypants2]

According to the language cited in your post, a judgement is exactly what's called for in order to declare XERI to be in default! (SEE BOLD TEXT BELOW)

SENIOR SECURED PROMISSORY NOTE
"THIS INSTRUMENT CONTAINS AN AFFIDAVIT OF CONFESSION OF JUDGMENT PROVISION WHICH CONSTITUTES A WAIVER OF IMPORTANT RIGHTS BORROWER MAY HAVE AND ALLOWS THE HOLDER TO OBTAIN A JUDGMENT AGAINST BORROWER WITHOUT ANY FURTHER NOTICE."