Common use of Default; Collateral Clause in Contracts

Default; Collateral. Any Default or Event of Default, specifying ------------------- the nature and extent thereof and the action (if any) that is proposed to be taken with respect thereto. Any matter(s) affecting the value, enforceability or collectability of any of the Collateral, including, without limitation, claims or disputes in the amount of $150,000 or more, singly or in the aggregate, in existence at any one time. Any notice given by any Loan Party to or received from any other lender of any Loan Party accompanied by a copy of such notice Any filing, recording or assessment of any material federal, state, local or foreign tax lien against the Collateral or any Borrower.

Default; Collateral. Any Default or Event of Default, specifying ------------------- the nature and extent thereof and the action (if any) that is proposed to be taken with respect thereto. Any matter(s) affecting the value, enforceability or collectability of any of the Collateral, including, without limitation, claims or disputes in the amount of $150,000 or more, singly or in the aggregate, in existence at any one time. Any notice given by any Loan Party to or received from any other lender of any Loan Party accompanied by a copy of such notice Any filing, recording or assessment of any material federal, state, local or foreign tax lien against the Collateral or any BorrowerLoan Party.