Junior Default Notice
Junior Default Notice. A written notice from the Junior Creditor or MBC to Senior Lender pursuant to which Senior Lender is notified of the occurrence of a Junior Default, which notice incorporates a reasonably detailed description of such Junior Default.
Found in
MENDOCINO BREWING CO INC contract
Junior Default Notice. Shall mean a written notice from Junior Creditor or Borrower to Senior Creditor pursuant to which Senior Creditor is notified of the occurrence of a Junior Default, which notice incorporates a reasonably detailed description of such Junior Default.
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Found in
Sunworks, Inc. contract