Subordinated Obligations Default

Example Definitions of "Subordinated Obligations Default"
Subordinated Obligations Default. Shall mean a default in the payment of all or any portion of the Subordinated Obligations or in the performance of any term, covenant or condition contained in one or more Subordinated Documents or any other occurrence permitting the Subordinated Creditor to accelerate the payment of all or any portion of the Subordinated Obligations.
Found in TENSAR CORP contract
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