Common use of Default under Related Documents Clause in Contracts

Default under Related Documents. Any guaranty, subordination agreement, security agreement, deed of trust, or other document required by this Agreement is no longer in effect or is violated in any material respect and, if there is a cure period applicable to such violation, such violation continues beyond the applicable cure period.

Default under Related Documents. Any guaranty, subordination agreement, security agreement, deed of trust, or other document required by this Agreement is no longer in effect effect, or any such document is violated in any material respect violated, and, if there is a an applicable grace or cure period applicable to such violationperiod, such the violation continues beyond the applicable such grace or cure period.