Common use of Default on Indebtedness Clause in Contracts

Default on Indebtedness. The Company is not in default under any evidence of indebtedness for borrowed money.

Appears in 9 contracts

Sources: Merger Agreement (GT Biopharma, Inc.), Merger Agreement (Thermal Tennis Inc.), Merger Agreement (Global Earth Energy, Inc.)

Default on Indebtedness. The Company is not in default under any evidence of indebtedness for borrowed money.. QBPHX\2055363.9 -11-

Appears in 1 contract

Sources: Merger Agreement (Ocis Corp)