Common use of Subordinated Loan Default Clause in Contracts

Subordinated Loan Default. An event of default has occurred under the Subordinated Loan Documentation or the Subordination Agreement, which default shall not have been cured or waived within any applicable grace period;

Appears in 4 contracts

Samples: Security Agreement (Research Pharmaceutical Services, Inc.), Security Agreement (Research Pharmaceutical Services, Inc.), Security Agreement (Research Pharmaceutical Services, Inc.)

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Subordinated Loan Default. An event of default has occurred under the Subordinated Loan Documentation or the Subordination AgreementDocuments, which default shall not have been cured or waived within any applicable grace period;period or if any Person party to a Subordination Agreement breaches or violates, or attempts to terminate or challenge the validity of, such agreement.”

Appears in 2 contracts

Samples: Security Agreement (Perma Fix Environmental Services Inc), Revolving Credit, Term Loan and Security Agreement (Perma Fix Environmental Services Inc)

Subordinated Loan Default. An event of default has occurred under the Subordinated Loan Documentation or the Subordination AgreementDocuments, which default shall not have been cured or waived within any applicable grace period, or if any Person party to any Subordination Agreement breaches or violates, or attempts to terminate or challenge the validity of, such Subordination Agreement;

Appears in 2 contracts

Samples: Guaranty and Security Agreement (Dasan Zhone Solutions Inc), Guaranty and Security Agreement (Dasan Zhone Solutions Inc)

Subordinated Loan Default. An event of default has occurred under the Subordinated Loan Documentation or the Subordination Agreement, which default shall not have been cured or waived within any applicable grace period;

Appears in 2 contracts

Samples: Credit and Security Agreement (Akrion, Inc.), Credit and Security Agreement (Akrion, Inc.)

Subordinated Loan Default. An event of default has occurred under the Subordinated Loan Documentation Documentation, the Subordinated Note or the Subordination Agreement, which default shall not have been cured or waived within any applicable grace period;

Appears in 2 contracts

Samples: Security Agreement (Fairchild Corp), Security Agreement (Fairchild Corp)

Subordinated Loan Default. An event of default has occurred under the Subordinated Loan Documentation or the Subordination AgreementDocumentation, which default shall not have been cured or waived within any applicable grace period;.

Appears in 1 contract

Samples: Credit and Security Agreement (Air Industries Group, Inc.)

Subordinated Loan Default. An event of default has occurred under the Subordinated Loan Documentation or the Subordination AgreementDocuments, which default shall not have been cured or waived within any applicable grace period;period or if any Person party to a Subordination Agreement breaches or violates, or attempts to terminate or challenge the validity of, such agreement. 101

Appears in 1 contract

Samples: Security Agreement (Perma Fix Environmental Services Inc)

Subordinated Loan Default. An event of default has occurred under the Subordinated Loan Documentation or the Subordination Intercreditor Agreement, which default shall not have been cured or waived within any applicable grace period;

Appears in 1 contract

Samples: Security Agreement (Dri Corp)

Subordinated Loan Default. An event of default has occurred under the Subordinated Loan Documentation Note or the Subordination Agreement, which default shall not have been cured or waived within any applicable grace period;

Appears in 1 contract

Samples: Security Agreement (Amrep Corp.)

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Subordinated Loan Default. An event of default has occurred under the Subordinated Loan Documentation or either of the Subordination AgreementAgreements, which default shall not have been cured or waived within any applicable grace periodperiod and for which the applicable Subordinated Lender is permitted to take action under the applicable Subordination Agreement;

Appears in 1 contract

Samples: Security Agreement (P&f Industries Inc)

Subordinated Loan Default. An event of default has occurred under the Subordinated Loan Documentation Documents or the Subordination Agreement, which default shall not have been cured or waived within any applicable grace period;

Appears in 1 contract

Samples: Security Agreement (Avatech Solutions Inc)

Subordinated Loan Default. An event of default has occurred under the Subordinated Loan Documentation or the Subordination AgreementDocuments, which default shall not have been cured or waived within any applicable grace period;period or if any Person party to a Subordination Agreement breaches or violates, or attempts to terminate or challenge the validity of, such agreement.

Appears in 1 contract

Samples: Security Agreement (Perma Fix Environmental Services Inc)

Subordinated Loan Default. An event of default has occurred under the any Subordinated Loan Documentation Note or the Subordination Agreement, which default shall not have been cured or waived within any applicable grace period;

Appears in 1 contract

Samples: Security Agreement (Skullcandy, Inc.)

Subordinated Loan Default. An event of default has occurred under the Subordinated Loan Documentation or the Subordination AgreementDocumentation, which default shall not have been cured or waived within any applicable grace period;

Appears in 1 contract

Samples: Security Agreement (Integrated Biopharma Inc)

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