This excerpt taken from the WEN 8-K filed Mar 12, 2009.
Default” means any event that, with the passing of applicable grace periods or the giving of notice or both, would become an Event of Default if not cured or waived.
This excerpt taken from the WEN 8-K filed Dec 27, 2007.
No Default. No Default or Event of Default has occurred and is continuing or would result from the consummation of the transactions contemplated by this Agreement or any other Note Document.