Common use of Default on Indebtedness Clause in Contracts

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

Appears in 37 contracts

Sources: Mortgage, Mortgage, Mortgage

Default on Indebtedness. Failure of Grantor to make any payment when due on the Indebtednessindebtedness.

Appears in 9 contracts

Sources: Pledge Agreement (Granite Falls Energy, LLC), Pledge Agreement (Granite Falls Energy, LLC), Assignment of Rents

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

Appears in 1 contract

Sources: Loan Agreement (Autoweb Com Inc)

Default on Indebtedness. Failure of Grantor to make any payment when due on the IndebtednessIndebtedness in accordance with the terms of the Note or the Loan Agreement.

Appears in 1 contract

Sources: Loan Agreement (Phillips R H Inc)