Common use of Default by the Borrower Clause in Contracts

Default by the Borrower. in the payment of any other Indebtedness or in the observance or performance of any term, covenant or agreement of the Borrower in any agreement relating to any Indebtedness of the Borrower, the effect of which default is to permit the holder of such indebtedness to declare the same due prior to the date fixed for its payment under the terms thereof and failure to cure such default within 30 days after written notice by ▇▇▇▇▇▇ to Borrower; or

Default by the Borrower. in the payment of any other Indebtedness or in the observance or performance of any term, covenant or agreement of the Borrower in any agreement relating to any Indebtedness of the Borrower, the effect of which default is to permit the holder of such indebtedness Indebtedness to declare the same due prior to the date fixed for its payment under the terms thereof and failure to cure such default within 30 days after written notice by ▇▇▇▇▇▇ to Borrower; or