Existing Default. 1. As of the date hereof, Borrower is and remains in default under the terms and conditions of the Existing Loan Documents by its failure to repay all Obligations on the maturity date thereof which coincides with the date of this Agreement ("EXISTING DEFAULT").
Appears in 4 contracts
Samples: Reaffirmation and Forbearance Agreement (Bontex Inc), Reaffirmation and Forbearance Agreement (Bontex Inc), Reaffirmation and Forbearance Agreement and Note (Bontex Inc)
Existing Default. 1. As of the date hereof, Borrower is and remains in default under the terms and conditions of the Existing Loan Documents by its failure to repay all Obligations on the maturity date thereof which coincides with the date of this Agreement ("EXISTING DEFAULTExisting Default").
Appears in 1 contract
Samples: Reaffirmation and Forbearance Agreement (Bontex Inc)
Existing Default. 1. As of the date hereof, Borrower is and remains in default under the terms and conditions of the Existing Loan Documents by its failure to repay all Obligations on the maturity date thereof which coincides with the date of this Agreement ("EXISTING DEFAULT").
Appears in 1 contract
Samples: Reaffirmation and Forbearance Agreement (Bontex Inc)
