Common use of Default on Indebtedness Clause in Contracts

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

Appears in 12 contracts

Sources: Business Loan Agreement (Made2manage Systems Inc), Business Loan Agreement (Bioanalytical Systems Inc), Business Loan Agreement (Bioanalytical Systems Inc)

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

Appears in 11 contracts

Sources: Security Agreement (Globalscape Inc), Business Loan Agreement (Vision Sciences Inc /De/), Commercial Security Agreement (Pacific Aerospace & Electronics Inc)

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

Appears in 2 contracts

Sources: Loan Agreement (OVERSTOCK.COM, Inc), Loan Agreement (OVERSTOCK.COM, Inc)

Default on Indebtedness. Failure of Borrower to make any ----------------------- payment when due on any of the IndebtednessIndebtedness as provided in the Note and the Loan Agreement.

Appears in 1 contract

Sources: Commercial Security Agreement (American Eco Corp)

Default on Indebtedness. Failure of Borrower Borrower, or any of its Subsidiaries, as applicable, to make any payment when due on hereunder, under the DIP Note or under any of the IndebtednessRelated Document.

Appears in 1 contract

Sources: Debtor in Possession Loan Agreement

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

Appears in 1 contract

Sources: Security Agreement (Appliedtheory Corp)