Common use of Rights in Absence of Default Clause in Contracts

Rights in Absence of Default. (a) So long as there has been and is no Event of Default: (i) involving failure to make the payment described in Section 2 of the August 1998 Note, or (ii) involving the voluntary placement by Xxxxxx of a lien upon all or a significant portion of the Pledged Collateral:

Rights in Absence of Default. (a) So long as there has been and is no Event of Default: (i) involving failure to make the payment described in Section 2 of the August April 1998 Note, or (ii) involving the voluntary placement by Xxxxxx Xxxxxxx of a lien upon all or a significant portion of the Pledged Collateral:

Rights in Absence of Default. (a) So long as there has been and is no Event of Default: (i) involving failure to make the payment described in Section 2 of any of the August 1998 NoteNew Notes, or (ii) involving the voluntary placement by Xxxxxx Xxxxxxx of a lien upon all or a significant portion of the Pledged Collateral:

Rights in Absence of Default. (a) So long as there has been and is no Event of Default: (i) involving failure to make the payment described in Section 2 of the August 1998 Note, or (ii) involving the voluntary placement by Xxxxxx Xxxxxxx of a lien upon all or a significant portion of the Pledged Collateral: