Common use of Default on Indebtedness Clause in Contracts

Default on Indebtedness. The Company is not in default under any evidence of indebtedness for borrowed money.

Appears in 9 contracts

Samples: Agreement and Plan of Merger (GT Biopharma, Inc.), Agreement and Plan of Merger (Thermal Tennis Inc.), Agreement and Plan of Merger (Global Earth Energy, Inc.)

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Default on Indebtedness. The Company is not in monetary default or in material default in any other respect under any evidence of indebtedness for borrowed money.

Appears in 4 contracts

Samples: Stock Purchase Agreement (International Fibercom Inc), Asset Purchase and Sale Agreement (Precision Plastics Molding Inc), Asset Purchase and Sale Agreement (Diamond Equities Inc)

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Default on Indebtedness. The Company is not in default under any evidence of indebtedness for borrowed money.. QBPHX\2055363.9 -11-

Appears in 1 contract

Samples: Agreement and Plan of Merger (Ocis Corp)

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