Acknowledgment of Default. An Event of Default (the “Existing Default”) has occurred under Section 8.1(b) of the Loan Agreement as a result of the Borrower’s failure to comply with Section 7.3 of the Loan Agreement (Asset Coverage Ratio) for the fiscal quarter ending May 31, 2010.
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Acknowledgment of Default. An Event Events of Default (the “"Existing Default”Defaults") has have occurred under Section 8.1(b) of the Loan Agreement as a result of the Borrower’s 's failure to comply with Section Sections 7.1, 7.2 and 7.3 of the Loan Agreement (Asset Coverage Ratio) for the fiscal quarter periods ending May September 30, 2005 and December 31, 20102005.
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Acknowledgment of Default. An Event of Default (the “Existing Default”) has occurred under Section 8.1(b) of the Loan Agreement as a result of the Borrower’s failure to comply with Section 7.3 of the Loan Agreement (Asset Coverage Ratio) for the fiscal quarter ending May 31November 30, 20102009.
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Acknowledgment of Default. An Event Events of Default (the “"Existing Default”Defaults") has have occurred under Section 8.1(b) of the Loan Agreement as a result of the Borrower’s 's failure to comply with Section Sections 7.1, 7.2 and 7.3 of the Loan Agreement (Asset Coverage Ratio) for the certain fiscal quarter ending May periods through March 31, 20102005.
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