Common use of Default on Indebtedness Clause in Contracts

Default on Indebtedness. The Company is not in default under any evidence of indebtedness for borrowed money.

Appears in 9 contracts

Samples: Merger Agreement (GT Biopharma, Inc.), Merger Agreement (Thermal Tennis Inc.), Merger Agreement (Global Earth Energy, Inc.)

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Default on Indebtedness. The Company is not in default in any respect under any evidence of indebtedness for borrowed money.

Appears in 1 contract

Samples: Stock Purchase Agreement (Pacific Magtron International Corp)

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