Common use of Additional Defaults Clause in Contracts

Additional Defaults. Each of the following shall constitute an event of default ("Event of Default") under this Agreement Event of Default Under Related Documents. A default or event of default occurs under the terms of any Related Document executed by Borrower or any guarantor, pledgor, accommodation party or other obligor.

Appears in 1 contract

Sources: Commercial Security Agreement (Decorize Inc)

Additional Defaults. Each of the following shall constitute an additional event of default ("Event of Default") under this Agreement Event of Default Under Related DocumentsNote: EVENT OF DEFAULT UNDER RELATED DOCUMENTS. A default or additional event of default occurs under the terms of any Related Document promissory note, guaranty, pledge agreement, security agreement or other agreement or instrument executed by Borrower or any guarantor, pledgor, accommodation party or other obligorobligor in connection with or relating to this Note.

Appears in 1 contract

Sources: Promissory Note (Citi Trends Inc)

Additional Defaults. Each of the following shall constitute an additional event of default ("β€œEvent of Default"”) under this Agreement Note: Event of Default Under Related Documents. A default or additional event of default occurs under the terms of any Related Document promissory note, guaranty, pledge agreement, security agreement or other agreement or instrument executed by Borrower or any guarantor, pledgor, accommodation party or other obligorobligor in connection with or relating to this Note.

Appears in 1 contract

Sources: Business Loan Agreement and Promissory Note