Common use of Default by Debtor Clause in Contracts

Default by Debtor. There will be a default under this Security Agreement upon the happening of any of the following events or conditions which is not cured within any applicable cure periods contained in the Note or any instruments securing the Note (herein called an “Event of Default”):

Appears in 3 contracts

Samples: Security Agreement (Local Telecom Systems Inc), Security Agreement (China Voice Holding Corp.), Security Agreement (MBI Financial, Inc.)

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Default by Debtor. There will be a default under this Security Agreement upon the happening of any of the following events or conditions which is not cured within any applicable cure periods contained in the Note or any instruments securing the Note (herein called an "Event of Default"):

Appears in 2 contracts

Samples: Security Agreement (Flint Telecom Group Inc.), Loan Agreement (China Voice Holding Corp.)

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