Common use of Events of Default; Defaults Clause in Contracts

Events of Default; Defaults. The Term "DEFAULT" as used herein shall mean any one or more of the events set forth below prior to the expiration of the applicable notice or grace period, if any. The term "EVENT OF DEFAULT" wherever used in this Agreement shall mean any one or more of the events set forth below after the expiration of the applicable notice of grace period, if any.

Events of Default; Defaults. The Term term "DEFAULT" as used herein shall mean any one or more of the events set forth below prior to the expiration of the applicable notice or grace period, if any. The term "EVENT OF DEFAULT" ", wherever used in this Agreement Agreement, shall mean any one or more of the events set forth below after the expiration of the applicable notice of or grace period, if any.