Common use of Default Under Other Contracts Clause in Contracts

Default Under Other Contracts. Borrower's under the United States code or an involuntary Security Agreement and Guaranty or as otherwise execution of or performance under this Agreement petition for bankruptcy has been brought or is pending operating to reduce or limit SFSI's rights or remedies will not cause or create an event of default by against Borrower or any Owner/Guarantor; or (l) provided for hereunder, under the Security Agreement Borrower under any contract with another person or Borrower or Owner/Guarantor defaults under any of and Guaranty or at law or in equity.

Appears in 2 contracts

Sources: Loan Agreement (Pura Naturals, Inc.), Loan Agreement (Pura Naturals, Inc.)