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Common use of Default by Clause in Contracts

Default by. any Borrower in making a borrowing or conversion after the Lead Borrower has given (or is deemed to have given) a request for a Revolving Credit Loan or a request to convert a Revolving Credit Loan from one applicable interest rate to another.

Appears in 8 contracts

Samples: Loan Agreement (Natural Wonders Inc), Loan and Security Agreement (Odd Job Stores Inc), Loan and Security Agreement (Alloy Inc)

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Default by. any Borrower in making a borrowing or conversion after the Lead Borrower has given (or is deemed to have given) a request for a Revolving Credit Loan or a request to convert a Revolving Credit Loan from one applicable interest rate to another.

Appears in 2 contracts

Samples: Loan and Security Agreement (Shopko Stores Inc), Loan and Security Agreement (Shopko Stores Inc)

Default by. any the Borrower in making a borrowing or conversion after the Lead Borrower has given (or is deemed to have given) a request for a Revolving Credit Loan or a request to convert a Revolving Credit Loan from one applicable interest rate to another.

Appears in 2 contracts

Samples: Loan and Security Agreement (Bluefly Inc), Loan and Security Agreement (Hastings Entertainment Inc)

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Default by. any Borrower in making a borrowing or conversion after the Lead Borrower has given (or is deemed to have given) a request for a Revolving Credit Loan or a request to convert a Revolving Credit Loan from one applicable interest rate to another.

Appears in 1 contract

Samples: Loan and Security Agreement (Phar Mor Inc)