Default by Debtor. There will be a default under this Security Agreement upon the happening of any of the following events or conditions which is not cured within any applicable cure periods contained in the Note or any instruments securing the Note (herein called an “Event of Default”):
Appears in 3 contracts
Sources: Security Agreement (China Voice Holding Corp.), Security Agreement (Local Telecom Systems Inc), Security Agreement (MBI Financial, Inc.)
Default by Debtor. There will be a default under this Security Agreement upon the happening of any of the following events or conditions which is not cured within any applicable cure periods contained in the Note or any instruments securing the Note (herein called an “"Event of Default”"):
Appears in 2 contracts
Sources: Security Agreement (Flint Telecom Group Inc.), Loan Agreement (China Voice Holding Corp.)