Common use of An Event of Default is Clause in Contracts

An Event of Default is. Default in the payment of any interest upon this Note when it becomes due and payable and continuance of such default for a period of 30 days (whether or not prohibited by the subordination provisions of the Indenture); or

Appears in 3 contracts

Sources: Subordinated Note (Vestin Group Inc), Subordinated Note (Vestin Group Inc), Subordinated Note (Vestin Group Inc)