Common use of Default of Indebtedness Clause in Contracts

Default of Indebtedness. The Borrower is not in default in the payment of the principal of or interest on any Indebtedness or under any instrument or agreement under or subject to which any Indebtedness has been issued and no event has occurred under the provisions of any such instrument or agreement which with or without the lapse of time or the giving of notice, or both, constitutes or would constitute an event of default thereunder.

Default of Indebtedness. The Borrower is not in default in the payment of the principal of or interest on any Indebtedness or under any instrument or agreement under or subject to which any Indebtedness has been issued and no event has occurred under the provisions of any such instrument or agreement which with or without the lapse of time or the giving of notice, or both, constitutes or would constitute an event of default thereunderthereunder and which event of default could reasonably be expected to have a Material Adverse Effect on Borrower.

Default of Indebtedness. The No Borrower is not in default in the payment of the principal of or interest on any Indebtedness in excess of $100,000 or under any instrument or agreement under or subject to which any such Indebtedness has been issued and no event has occurred under the provisions of any such instrument or agreement which with or without the lapse of time or the giving of notice, or both, constitutes or would constitute an event of default thereunder.

Default of Indebtedness. The No Borrower is not in default in the payment of the principal of or interest on any Indebtedness or under any instrument or agreement under or subject to which any Indebtedness has been issued and no event has occurred under the provisions of any such instrument or agreement which with or without the lapse of time or the giving of notice, or both, constitutes or would constitute an event of default thereunderthereunder which default would have a Material Adverse Effect on the Borrowers taken as a whole.

Default of Indebtedness. The Except as disclosed to the Lender in writing, the Borrower is not in default in the payment of the principal of or interest on any Indebtedness or under any instrument or agreement under or subject to which any Indebtedness has been issued and no event has occurred under the provisions of any such instrument or agreement which with or without the lapse of time or the giving of notice, or both, constitutes or would constitute an event of default thereunder.

Default of Indebtedness. The Borrower is not in default in the payment of the principal of or interest on any Indebtedness indebtedness or under any instrument or agreement under or subject to which any Indebtedness indebtedness has been issued issued, the result of which would have a material adverse effect on the Borrower, and no event has occurred under the provisions of any such instrument or agreement which with or without the lapse of time or the giving of notice, or both, constitutes or would constitute an event of default thereunder.