Common use of Default on Obligations Secured by Junior Liens Clause in Contracts

Default on Obligations Secured by Junior Liens. 12.1 Definitions for Section 12. When used in this Section 12 and -------------------------- elsewhere in this Agreement, each underlined, capitalized term set forth below in this Section 12.1 has the meaning set forth beside it. Certain other terms are defined throughout this Section 12. Accelerated Amount: Any amount that became due on or under the ------------------ Secured Obligation because Lender exercised an acceleration right arising from the Loan Default.

Appears in 3 contracts

Samples: Right of First Refusal Agreement (Discovery Investments Inc), First Refusal Agreement (Discovery Investments Inc), Right of First Refusal Agreement (Discovery Investments Inc)

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Default on Obligations Secured by Junior Liens. 12.1 14.1 Definitions for Section 12. When used in this Section 12 and -------------------------- elsewhere in this Agreement, each underlined, capitalized term set forth below in this Section 12.1 has the meaning set forth beside it. Certain other terms are defined throughout this Section 12. Accelerated Amount: Any amount that became due on or under the ------------------ Secured Obligation because Lender exercised an acceleration right arising from the Loan Default.

Appears in 2 contracts

Samples: First Refusal Agreement (Discovery Investments Inc), Right of First Refusal Agreement (Discovery Investments Inc)

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Default on Obligations Secured by Junior Liens. 12.1 Definitions for Section 12. When used in this Section 12 and -------------------------- --------------------------- elsewhere in this Agreement, each underlined, capitalized term set forth below in this Section 12.1 has the meaning set forth beside it. Certain other terms are defined throughout this Section 12. Accelerated Amount: Any amount that became due on or under the ------------------ Secured Obligation because Lender exercised an acceleration right arising from the Loan Default.

Appears in 1 contract

Samples: Right of First Refusal Agreement (Discovery Investments Inc)

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