Common use of Default by the Clause in Contracts

Default by the. Borrower in making a borrowing or conversion after the Borrower has given (or is deemed to have given) a request for a Revolving Credit Loan or a request to convert a Revolving Credit Loan from one applicable interest rate to another.

Appears in 3 contracts

Sources: Loan and Security Agreement (Bakers Footwear Group Inc), Loan and Security Agreement (Gadzooks Inc), Loan and Security Agreement (Aeropostale Inc)

Default by the. Borrower Borrowers in making a borrowing or conversion after the Lead Borrower has given (or is deemed to have given) a request for a Revolving Credit Loan or a request to convert a Revolving Credit Loan from one applicable interest rate to another.

Appears in 1 contract

Sources: Loan and Security Agreement (Lechters Inc)