Common use of Default Under Security Documents Clause in Contracts

Default Under Security Documents. Any event of default shall occur under, or Borrower shall default in the performance or observance of any term, covenant, condition or agreement contained in, any of the Security Documents and such default shall continue beyond any applicable period of grace.

Default Under Security Documents. Any event of default shall occur under, or Borrower or any other Person party thereto shall default in the performance or observance of any term, covenant, condition or agreement contained in, any of the Security Documents and such default shall continue beyond any applicable period of grace.

Default Under Security Documents. Any event of default shall occur under, or Borrower shall default in the performance or observance of any term, covenant, condition or agreement contained in, any of the Security Documents and such default shall continue uncured beyond any applicable period of gracegrace period.

Default Under Security Documents. Any event of default shall occur under, or either Borrower shall default in the performance or observance of any term, covenant, condition or agreement contained in, any of the Security Documents Documents, in either case in any material respect, and such default shall continue beyond any applicable period of grace., or the Agent shall cease to have a valid perfected first priority lien in any of the Collateral. (G)

Default Under Security Documents. Any event of default shall -------------------------------- occur under, or Borrower shall default in the performance or observance of any term, covenant, condition or agreement contained in, any of the Security Documents and such default shall continue beyond any applicable period of grace.