{"component": "clause", "props": {"groups": [{"size": 2, "snippet_links": [{"key": "default-under-this-agreement", "type": "clause", "offset": [36, 64]}, {"key": "failure-to-pay-when-due", "type": "clause", "offset": [92, 115]}, {"key": "late-charges", "type": "definition", "offset": [151, 163]}, {"key": "other-charges", "type": "clause", "offset": [191, 204]}, {"key": "the-obligations", "type": "clause", "offset": [224, 239]}, {"key": "disposition-of", "type": "clause", "offset": [263, 277]}, {"key": "the-collateral", "type": "definition", "offset": [285, 299]}, {"key": "by-this-agreement", "type": "clause", "offset": [326, 343]}, {"key": "failure-to-perform", "type": "definition", "offset": [349, 367]}, {"key": "agreement-or", "type": "definition", "offset": [393, 405]}, {"key": "in-this-agreement", "type": "clause", "offset": [427, 444]}, {"key": "deed-of-trust", "type": "definition", "offset": [465, 478]}, {"key": "security-agreement", "type": "clause", "offset": [480, 498]}, {"key": "loan-application", "type": "definition", "offset": [500, 516]}, {"key": "evidence-of", "type": "definition", "offset": [524, 535]}, {"key": "relating-to", "type": "definition", "offset": [548, 559]}, {"key": "to-secured-party", "type": "definition", "offset": [622, 638]}, {"key": "in-connection-with", "type": "clause", "offset": [639, 657]}, {"key": "material-respect", "type": "definition", "offset": [715, 731]}, {"key": "substantial-damage", "type": "clause", "offset": [760, 778]}, {"key": "seizure-or-attachment", "type": "clause", "offset": [859, 880]}, {"key": "dissolution-or-termination-of-existence", "type": "clause", "offset": [993, 1032]}, {"key": "business-failure", "type": "clause", "offset": [1046, 1062]}, {"key": "appointment-of-a-receiver", "type": "clause", "offset": [1064, 1089]}, {"key": "assignment-for-the-benefit-of-creditors", "type": "clause", "offset": [1108, 1147]}, {"key": "commencement-of", "type": "clause", "offset": [1153, 1168]}, {"key": "bankruptcy-or-insolvency-laws", "type": "definition", "offset": [1195, 1224]}, {"key": "account-debtors", "type": "definition", "offset": [1321, 1336]}, {"key": "payment-when-due", "type": "clause", "offset": [1357, 1373]}, {"key": "security-interest", "type": "clause", "offset": [1402, 1419]}, {"key": "in-good-faith", "type": "definition", "offset": [1480, 1493]}, {"key": "prospect-of-payment", "type": "clause", "offset": [1558, 1577]}, {"key": "any-lease", "type": "definition", "offset": [1660, 1669]}, {"key": "executed-by", "type": "clause", "offset": [1670, 1681]}, {"key": "the-secured-party", "type": "clause", "offset": [1705, 1722]}, {"key": "the-lessor", "type": "clause", "offset": [1726, 1736]}, {"key": "parent-association", "type": "definition", "offset": [1832, 1850]}], "samples": [{"hash": "26OtIxZETF9", "uri": "/contracts/26OtIxZETF9#default-by-debtor", "label": "Promissory Note/Loan Agreement (Great Plains Ethanol LLC)", "score": 21.0, "published": true}], "snippet": "Each of the following constitutes a default under this Agreement by Debtor (\u201cDefault\u201d): (a) Failure to pay when due any principal, interest, advances, late charges, costs, attorneys\u2019 fees or other charges incurred on any of the Obligations; (b) The sale or other disposition of any of the Collateral when it is not authorized by this Agreement; (c) Failure to perform or observe any warranty, agreement or obligation contained in this Agreement or in any mortgage, deed of trust, security agreement, loan application or any evidence of or document relating to any of the Obligations; (d) Any warranty or information given to Secured Party in connection with this Agreement or any of the Obligations is false in any material respect when made; (e) Loss, theft, substantial damage, destruction or encumbrance of any of the Collateral or the making of any levy, seizure or attachment against it; (f) The acceleration of the maturity of Debtor\u2019s indebtedness to any ether creditor; (g) The death, dissolution or termination of existence, insolvency, business failure, appointment of a receiver for any property, assignment for the benefit of creditors, the commencement of any proceeding under any, bankruptcy or insolvency laws, of, by, or against Debtor or any guarantor or surety of Debtor; (h) Failure of any of Debtor\u2019s account debtors or obligors to make payment when due or to honor secured party\u2019s security interest; (i) The occurrence of any event which causes Secured Party in good faith to believe that the Obligations are inadequately secured or the prospect of payment, performance or realization on the Collateral is impaired; or (j) A default under any lease executed by any Debtor under which the Secured Party is the lessor or a default under any ether loan or lease that any Debtor has with either the Secured Party\u2019s parent association or any subsidiaries of the Secured Party\u2019s parent association.", "hash": "dd26d65a25adfcc048f5736857be5819", "id": 6}, {"size": 2, "snippet_links": [{"key": "default-under", "type": "clause", "offset": [16, 29]}, {"key": "security-agreement", "type": "clause", "offset": [35, 53]}, {"key": "events-or-conditions", "type": "clause", "offset": [97, 117]}, {"key": "cure-periods", "type": "definition", "offset": [159, 171]}, {"key": "contained-in", "type": "definition", "offset": [172, 184]}, {"key": "the-note", "type": "clause", "offset": [185, 193]}, {"key": "event-of-default", "type": "definition", "offset": [250, 266]}, {"key": "indebtedness-secured", "type": "definition", "offset": [280, 300]}, {"key": "principal-or-interest", "type": "clause", "offset": [336, 357]}, {"key": "subject-to", "type": "definition", "offset": [381, 391]}, {"key": "notice-and-cure-provisions", "type": "clause", "offset": [396, 422]}, {"key": "the-debtor", "type": "clause", "offset": [455, 465]}, {"key": "comply-with", "type": "clause", "offset": [480, 491]}, {"key": "other-document", "type": "clause", "offset": [570, 584]}, {"key": "the-secured-party", "type": "clause", "offset": [608, 625]}, {"key": "receipt-of-written-notice", "type": "definition", "offset": [834, 859]}, {"key": "an-order", "type": "clause", "offset": [890, 898]}, {"key": "court-of-competent-jurisdiction", "type": "definition", "offset": [952, 983]}, {"key": "application-of", "type": "clause", "offset": [994, 1008]}, {"key": "bankrupt-or-insolvent", "type": "definition", "offset": [1057, 1078]}, {"key": "substantial-part", "type": "definition", "offset": [1188, 1204]}, {"key": "in-effect", "type": "definition", "offset": [1241, 1250]}, {"key": "to-secured-party", "type": "definition", "offset": [1433, 1449]}, {"key": "by-or-on-behalf-of", "type": "definition", "offset": [1450, 1468]}, {"key": "in-connection-with", "type": "clause", "offset": [1476, 1494]}, {"key": "applicable-law", "type": "clause", "offset": [1535, 1549]}, {"key": "material-respect", "type": "definition", "offset": [1576, 1592]}], "samples": [{"hash": "kIb5eoKg1Zz", "uri": "/contracts/kIb5eoKg1Zz#default-by-debtor", "label": "Security Agreement (Flint Telecom Group Inc.)", "score": 19.0, "published": true}, {"hash": "bOQLzxPvpk0", "uri": "/contracts/bOQLzxPvpk0#default-by-debtor", "label": "Security Agreement (China Voice Holding Corp.)", "score": 19.0, "published": true}], "snippet": "There will be a default under this Security Agreement upon the happening of any of the following events or conditions which is not cured within any applicable cure periods contained in the Note or any instruments securing the Note (herein called an \"Event of Default\"):\na. If any Indebtedness secured by this Security Agreement, either principal or interest, is not paid when due, subject to any notice and cure provisions provided for in the Note.\nb. If the Debtor shall fail to comply with any of the Debtor's covenants or undertakings in any agreement, instrument or other document between the Debtor and the Secured Party, subject to any notice and cure provisions provided for therein.\nc. If Debtor shall fail to comply with any of Debtor's covenants or agreements herein and such failure remains uncured for ten (10) days after receipt of written notice from the Secured Party.\nd. If an order, non-appealable judgment or decree is entered by any court of competent jurisdiction, upon the application of a creditor or otherwise, adjudicating Debtor as bankrupt or insolvent or approving a petition seeking reorganization or appointing a receiver, trustee or liquidator of all or any substantial part of Debtor's assets and same remains in effect for more than sixty (60) days.\ne. If any warranty, representation or statement contained in this Security Agreement, or any agreement, instrument or other document made or furnished to Secured Party by or on behalf of Debtor in connection with this Security Agreement is proven under applicable law to have been false in any material respect when made or furnished.", "hash": "b1f1ced163035096b32acc39e745ef71", "id": 5}, {"size": 2, "snippet_links": [{"key": "default-under", "type": "clause", "offset": [16, 29]}, {"key": "security-agreement", "type": "clause", "offset": [35, 53]}, {"key": "events-or-conditions", "type": "clause", "offset": [97, 117]}, {"key": "event-of-default", "type": "definition", "offset": [137, 153]}], "samples": [{"hash": "l7uHAzzO5IW", "uri": "/contracts/l7uHAzzO5IW#default-by-debtor", "label": "Security Agreement (Diversified Corporate Resources Inc)", "score": 16.0, "published": true}, {"hash": "6BwZZO7B3bG", "uri": "/contracts/6BwZZO7B3bG#default-by-debtor", "label": "Security Agreement (Diversified Corporate Resources Inc)", "score": 16.0, "published": true}], "snippet": "There will be a default under this Security Agreement upon the happening of any of the following events or conditions (herein called an \"Event of Default\"):", "hash": "25a4301d576fdb75ab0d2c4bb184ca72", "id": 3}, {"size": 1, "snippet_links": [{"key": "a-default", "type": "definition", "offset": [39, 48]}, {"key": "failure-by", "type": "clause", "offset": [79, 89]}, {"key": "the-obligations", "type": "clause", "offset": [115, 130]}, {"key": "paragraph-i", "type": "definition", "offset": [144, 155]}], "samples": [{"hash": "iQEULMwgocf", "uri": "/contracts/iQEULMwgocf#default-by-debtor", "label": "Agreement (Team Communication Group Inc)", "score": 18.0, "published": true}], "snippet": "Each of the following shall constitute a default by Debtor:\nA. Nonperformance. Failure by Debtor to perform any of the Obligations set forth in Paragraph I above.", "hash": "26b4811d65f220d1ba2344226a1c3304", "id": 7}, {"size": 5, "snippet_links": [{"key": "default-under", "type": "clause", "offset": [16, 29]}, {"key": "security-agreement", "type": "clause", "offset": [35, 53]}, {"key": "events-or-conditions", "type": "clause", "offset": [97, 117]}, {"key": "cure-periods", "type": "definition", "offset": [159, 171]}, {"key": "contained-in", "type": "definition", "offset": [172, 184]}, {"key": "the-note", "type": "clause", "offset": [185, 193]}, {"key": "event-of-default", "type": "definition", "offset": [250, 266]}], "samples": [{"hash": "cuZhtn4miWv", "uri": "/contracts/cuZhtn4miWv#default-by-debtor", "label": "Security Agreement (China Voice Holding Corp.)", "score": 19.0, "published": true}, {"hash": "aSwVROSG9zG", "uri": "/contracts/aSwVROSG9zG#default-by-debtor", "label": "Security Agreement (Local Telecom Systems Inc)", "score": 19.0, "published": true}, {"hash": "2YwAy3fQEl", "uri": "/contracts/2YwAy3fQEl#default-by-debtor", "label": "Security Agreement (MBI Financial, Inc.)", "score": 19.0, "published": true}], "snippet": "There will be a default under this Security Agreement upon the happening of any of the following events or conditions which is not cured within any applicable cure periods contained in the Note or any instruments securing the Note (herein called an \u201cEvent of Default\u201d):", "hash": "ebdff3541efa8138b9415a4f27633982", "id": 1}, {"size": 2, "snippet_links": [{"key": "the-debtor", "type": "clause", "offset": [11, 21]}, {"key": "the-note", "type": "clause", "offset": [28, 36]}, {"key": "agreement-or", "type": "definition", "offset": [64, 76]}, {"key": "by-the-partnership", "type": "clause", "offset": [86, 104]}, {"key": "the-settlement-agreement", "type": "clause", "offset": [108, 132]}], "samples": [{"hash": "iKQ5Ww5vXpA", "uri": "/contracts/iKQ5Ww5vXpA#default-by-debtor", "label": "Settlement Agreement (Spurlock Industries Inc)", "score": 18.0, "published": true}, {"hash": "3jOB1OMGyWR", "uri": "/contracts/3jOB1OMGyWR#default-by-debtor", "label": "Unconditional Guaranty (Spurlock Industries Inc)", "score": 18.0, "published": true}], "snippet": "Default by the Debtor under the Note or the Pledge and Security Agreement or a breach by the Partnership of the Settlement Agreement.", "hash": "bfd0899b0f3358cb7890f5424689ccb3", "id": 2}, {"size": 2, "snippet_links": [{"key": "an-event-of-default", "type": "clause", "offset": [23, 42]}, {"key": "secured-promissory-notes", "type": "definition", "offset": [61, 85]}], "samples": [{"hash": "kbuKrYKCCQB", "uri": "/contracts/kbuKrYKCCQB#default-by-debtor", "label": "Note and Common Stock Purchase Agreement (Beta Oil & Gas Inc)", "score": 18.0, "published": true}, {"hash": "2CWqJHlanrT", "uri": "/contracts/2CWqJHlanrT#default-by-debtor", "label": "Note and Common Stock Purchase Agreement (Beta Oil & Gas Inc)", "score": 18.0, "published": true}], "snippet": "A \"Default\" shall mean an Event of Default as defined in the Secured Promissory Notes.", "hash": "ad52a30faa1100eb4e330fc8f282c734", "id": 4}, {"size": 1, "snippet_links": [{"key": "separate-and-independent", "type": "clause", "offset": [38, 62]}, {"key": "any-loan", "type": "clause", "offset": [93, 101]}, {"key": "default-shall", "type": "definition", "offset": [118, 131]}, {"key": "secured-party", "type": "clause", "offset": [172, 185]}, {"key": "the-payment", "type": "clause", "offset": [271, 282]}, {"key": "the-loans", "type": "clause", "offset": [362, 371]}, {"key": "guarantor-hereby-waives", "type": "clause", "offset": [377, 400]}, {"key": "right-to", "type": "definition", "offset": [405, 413]}, {"key": "other-remedy", "type": "clause", "offset": [568, 580]}, {"key": "available-to", "type": "definition", "offset": [581, 593]}], "samples": [{"hash": "7sZNhnV10yp", "uri": "/contracts/7sZNhnV10yp#default-by-debtor", "label": "Master Loan Agreement (Allegiant Travel CO)", "score": 21.0, "published": true}], "snippet": "Guarantor\u2019s obligations hereunder are separate and independent of Debtor\u2019s obligations under any Loan. If an Event of Default shall occur and be continuing under any Loan, Secured Party may pursue its remedies against Debtor and/or proceed directly against Guarantor for the payment, performance or observance of any and all of Debtor\u2019s obligations under any of the Loans, and Guarantor hereby waives any right to require Secured Party: (a) to proceed first or otherwise against Debtor; (b) to proceed against or exhaust any security it may hold; or (c) to pursue any other remedy available to it.", "hash": "e3a34a3484cf7ce353feb3bb81267951", "id": 8}, {"size": 1, "snippet_links": [{"key": "default-under", "type": "clause", "offset": [16, 29]}, {"key": "security-agreement", "type": "clause", "offset": [35, 53]}, {"key": "indebtedness-secured", "type": "definition", "offset": [86, 106]}, {"key": "principal-or-interest", "type": "clause", "offset": [142, 163]}, {"key": "written-notice-of-default", "type": "clause", "offset": [197, 222]}], "samples": [{"hash": "5MEtzn4qSdF", "uri": "/contracts/5MEtzn4qSdF#default-by-debtor", "label": "Security Agreement (Diversified Corporate Resources Inc)", "score": 16.0, "published": true}], "snippet": "There will be a default under this Security Agreement if ----------------- any of the Indebtedness secured by this Security Agreement, either principal or interest, is not paid when due, following written notice of default and forty-five (45) days to cure.", "hash": "510c8394970bf91ffb910a1f57d57fde", "id": 9}, {"size": 1, "snippet_links": [{"key": "default-under", "type": "clause", "offset": [16, 29]}, {"key": "security-agreement", "type": "clause", "offset": [35, 53]}, {"key": "events-or-conditions", "type": "clause", "offset": [98, 118]}, {"key": "event-of-default", "type": "definition", "offset": [138, 154]}], "samples": [{"hash": "7K8efRUlIUr", "uri": "/contracts/7K8efRUlIUr#default-by-debtor", "label": "Security Agreement (Tenfold Corp /Ut)", "score": 19.0, "published": true}], "snippet": "There will be a default under this Security Agreement upon the occurrence of any of the following events or conditions (herein called an \u201cEvent of Default\u201d):", "hash": "bb18db85105867cfce0b9f5cc6c124ea", "id": 10}], "next_curs": "CloSVGoVc35sYXdpbnNpZGVyY29udHJhY3RzcjYLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhpkZWZhdWx0LWJ5LWRlYnRvciMwMDAwMDAwYQyiAQJlbhgAIAA=", "clause": {"children": [["performance-of-debtors-obligations", "Performance of Debtor\u2019s Obligations"], ["no-waiver", "No Waiver"], ["events-of-default", "Events of Default"], ["insolvency-bankruptcy", "Insolvency/Bankruptcy"]], "size": 22, "title": "Default by Debtor", "parents": [["miscellaneous", "Miscellaneous"], ["governing-law-miscellaneous", "Governing Law Miscellaneous"], ["counterparts", "Counterparts"], ["consents", "Consents"], ["events-of-default", "Events  of  Default"]], "id": "default-by-debtor", "related": [["default-by-buyer", "Default by Buyer", "Default by Buyer"], ["default-by-seller", "Default by Seller", "Default by Seller"], ["default-by-owner", "Default by Owner", "Default by Owner"], ["default-by-lessee", "Default by Lessee", "Default by Lessee"], ["default-by-purchaser", "Default by Purchaser", "Default by Purchaser"]], "related_snippets": [], "updated": "2025-07-07T12:37:53+00:00"}, "json": true, "cursor": ""}}