Common use of Default under Loan Documents Clause in Contracts

Default under Loan Documents. A material breach of or material default by the Borrower under the terms, covenants, and conditions set forth in any other Loan Documents which is not cured within any applicable cure or grace period.

Appears in 5 contracts

Samples: Security Agreement (Majestic Safe-T-Products LTD), Security Agreement (Majestic Safe-T-Products LTD), Security Agreement (Majestic Safe-T-Products LTD)

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Default under Loan Documents. A material breach of or material default by any or all of the Borrower BORROWERS under the terms, covenants, and conditions set forth in any other Loan Documents which is not cured within any applicable cure or grace periodLOAN DOCUMENT.

Appears in 2 contracts

Samples: Loan and Security Agreement (Avatech Solutions Inc), Loan and Security Agreement (Avatech Solutions Inc)

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