Common use of Subordinated Debt Default Clause in Contracts

Subordinated Debt Default. An event of default has occurred under the Seller Subordinated Debt, which default shall not have been cured or waived within any applicable grace period.

Appears in 8 contracts

Samples: Security Agreement (Dril-Quip Inc), Guaranty and Security Agreement (Dril-Quip Inc), Guaranty and Security Agreement (Dril-Quip Inc)

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Subordinated Debt Default. An event of default has occurred shall occur under any of the Seller Subordinated DebtDebt Documents, which default shall not have been be cured or waived within any applicable grace period.

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (Zanett Inc)

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