Acknowledgment of Default. Events of Default (the "Existing Defaults") have occurred under Section 8.1(b) the Loan Agreement as a result of the Borrower's failure to comply with Sections 7.1, 7.2 and 7.3 of the Loan Agreement for certain fiscal periods through March 31, 2005.
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Acknowledgment of Default. Events An Event of Default (the "“Existing Defaults"Default”) have has occurred under Section 8.1(b) of the Loan Agreement as a result of the Borrower's ’s failure to comply with Sections 7.1, 7.2 and Section 7.3 of the Loan Agreement (Asset Coverage Ratio) for certain the fiscal periods through March 31quarter ending November 30, 20052009.
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Acknowledgment of Default. Events of Default (the "Existing Defaults") have occurred under Section 8.1(b) the Loan Agreement as a result of the Borrower's failure to comply with Sections 7.1, 7.2 and 7.3 of the Loan Agreement for certain the fiscal periods through March ending September 30, 2005 and December 31, 2005.
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Acknowledgment of Default. Events An Event of Default (the "“Existing Defaults"Default”) have has occurred under Section 8.1(b) of the Loan Agreement as a result of the Borrower's ’s failure to comply with Sections 7.1, 7.2 and Section 7.3 of the Loan Agreement (Asset Coverage Ratio) for certain the fiscal periods through March quarter ending May 31, 20052010.
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Samples: Loan and Security Agreement and Waiver (Video Display Corp)
