Common use of No Subordinated Debt Default Clause in Contracts

No Subordinated Debt Default. As of the date hereof, no default under any of the documents evidencing or securing any of the Subordinated Debt, or event or condition which, with the giving of notice or the passage of time, or both, would constitute a default under any of the documents evidencing or securing any of the Subordinated Debt, has occurred or is continuing.

No Subordinated Debt Default. As of the date hereof, no default under the Subordinated Note or any of the documents evidencing or securing any of the Subordinated DebtNote, or event or condition which, with the giving of notice or the passage of time, or both, would constitute a default under the Subordinated Note or any of the documents evidencing or securing any of the Subordinated DebtNote, has occurred or is continuing.