Common use of DEFAULTS BY BORROWER Clause in Contracts

DEFAULTS BY BORROWER. An "Event of Default" shall be deemed to have occurred under this Agreement as and when an "Event of Default" shall have occurred under the Deeds of Trust.

DEFAULTS BY BORROWER. An "Event of Default" shall be deemed to have -------------------- occurred under this Agreement as and when an "Event of Default" Default shall have occurred under the Deeds of Trust.