Events of Default 8 Sample Clauses

Events of Default 8. 1 The Borrower and/or the Security Party is deemed to have committed a default under the Security Documents, if the Borrower and/or the Security Party commits or threatens to commit a breach of any of the covenants, undertakings, stipulations, terms, conditions, or provisions stated under the Security Documents, or the Borrower and/or the Security Party (where applicable) is in default upon the happening of any one or more of the following events:
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