Common use of Default on Indebtedness Clause in Contracts

Default on Indebtedness. Failure of Borrower to make any payment when due on the Loans.

Appears in 162 contracts

Sources: Loan Agreement (Industrial Services of America Inc /Fl), Subordinated Loan Agreement (Teraforce Technology Corp), Business Loan Agreement (Nutech Digital Inc)

Default on Indebtedness. Failure of Borrower to make any payment when due on the LoansLoan.

Appears in 1 contract

Sources: Business Loan Agreement (Pods Inc)

Default on Indebtedness. Failure of to Borrower to make or any payment when due on the Loans.

Appears in 1 contract

Sources: Commercial Security Agreement (Aspec Technology Inc)

Default on Indebtedness. Failure of Borrower to make any payment when due on the Loansloans.

Appears in 1 contract

Sources: Loan Agreement (Scientific Software Intercomp Inc)

Default on Indebtedness. Failure of Borrower to make any payment when due on any of the Loansindebtedness.

Appears in 1 contract

Sources: Loan Agreement (Zila Inc)