Common use of Defaults Under Loan Documents Clause in Contracts

Defaults Under Loan Documents. There is not currently existing any action, event, or condition which would constitute a default on the part of the Borrower under this Agreement or of the Borrower under any other Loan Document, and no action, event or condition has occurred and is continuing to occur which, with notice or the passage of time or both, would constitute a default by the Borrower under any provision of this Agreement or by the Borrower under any other Loan Document.

Appears in 5 contracts

Samples: Security Agreement (Majestic Safe-T-Products LTD), Security Agreement (Majestic Safe-T-Products LTD), Security Agreement (Majestic Safe-T-Products LTD)

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