Common use of Default Clause in Contracts

Default. Each of the following shall constitute an Event of Default under this Agreement: Payment Default. Borrower fails to make any payment when due under the Loan.

Appears in 114 contracts

Sources: Business Loan Agreement (Amtd Idea Group), Business Loan Agreement (Autoscope Technologies Corp), Business Loan Agreement (FGI Industries Ltd.)

Default. Each of the following shall constitute an Event of Default under this Agreement: Payment Default. Borrower ▇▇▇▇▇▇▇▇ fails to make any payment when due under the Loan.

Appears in 101 contracts

Sources: Business Loan Agreement (Heritage Global Inc.), Business Loan Agreement (Intelligent Protection Management Corp.), Business Loan Agreement (TSS, Inc.)

Default. Each of the following shall constitute an Event of Default under this Agreement: Payment Default. Borrower fails to make any payment when due under the LoanIndebtedness.

Appears in 80 contracts

Sources: Commercial Security Agreement (Heritage Global Inc.), Commercial Security Agreement (Heritage Global Inc.), Change in Terms Agreement (Eaco Corp)

Default. Each of the following shall constitute an Event of Default under this Agreement: Payment DefaultPAYMENT DEFAULT. Borrower fails to make any payment when due under the Loan.

Appears in 18 contracts

Sources: Business Loan Agreement (Trimedia Entertainment Group Inc), Business Loan Agreement (Hemet Bancorp), Business Loan Agreement (Home Bancshares Inc)

Default. Each of the following shall constitute an Event of Default under this Agreement: Payment DefaultPAYMENT DEFAULT. Borrower fails to make any payment when due under the LoanIndebtedness.

Appears in 13 contracts

Sources: Business Loan Agreement (Advanced Life Sciences Holdings, Inc.), Change in Terms Agreement (Sardy House LLC), Business Loan Agreement (Collegiate Pacific Inc)

Default. Each of the following shall constitute an Event of Default under this Agreement: Payment Default. Borrower B▇▇▇▇▇▇▇ fails to make any payment when due under the Loan.

Appears in 13 contracts

Sources: Business Loan Agreement (Syra Health Corp), Business Loan Agreement (Eaco Corp), Business Loan Agreement (Janel Corp)

Default. Each of the following shall constitute an Event of Default under this Agreement: Payment Default. Borrower fails to make any payment when due under the Loanindebtedness.

Appears in 7 contracts

Sources: Change in Terms Agreement (Pure Earth, Inc.), Commercial Security Agreement (Primal Solutions Inc), Change in Terms Agreement (Phone1globalwide Inc)

Default. Each of the following shall constitute an Event event of Default default under this Agreement: Payment Default. Borrower fails to make any payment when due under the Loanindebtedness.

Appears in 4 contracts

Sources: Change in Terms Agreement (Allin Corp), Change in Terms Agreement (Allin Corp), Change in Terms Agreement (Allin Corp)

Default. Each of the following shall constitute an Event of Default under this Agreement: Payment Default. Borrower fails falls to make any payment when due under the Loan.

Appears in 3 contracts

Sources: Business Loan Agreement (Elevate.Money REIT I, Inc.), Business Loan Agreement (Aetrium Inc), Change in Terms Agreement (Powin Corp)

Default. Each of the following shall constitute an Event of Default under this Agreement: Payment DefaultPAYMENT DEFAULT. Borrower fails to make any payment when due under the Loanindebtedness.

Appears in 3 contracts

Sources: Change in Terms Agreement (I/Omagic Corp), Commercial Security Agreement (Earthcare Co), Change in Terms Agreement (Husker Ag Processing LLC)

Default. Each of the following shall constitute an Event of Default under this Agreement: ; Payment Default. Borrower fails to make any payment when due under the Loan.

Appears in 2 contracts

Sources: Business Loan Agreement (Uroplasty Inc), Business Loan Agreement (Oragenics Inc)

Default. Each of the following shall constitute an Event of Default under this Agreement: Payment DefaultDefault . Borrower fails to make any payment when due under the Loan.

Appears in 2 contracts

Sources: Business Loan Agreement (Hickok Inc), Business Loan Agreement (Hickok Inc)

Default. Each of the following shall constitute an Event of Default under this Agreement: Payment Default. Borrower fails Bo▇▇▇▇▇▇ ▇ails to make any payment when due under the Loan.

Appears in 2 contracts

Sources: Business Loan Agreement (Rocky Mountain Chocolate Factory Inc), Business Loan Agreement (Rocky Mountain Chocolate Factory Inc)

Default. Each of the following shall constitute an Event of Default under this Agreement: Payment Default. Borrower fails to make any payment ▇▇▇▇▇▇▇ when due under the Loan.

Appears in 2 contracts

Sources: Business Loan Agreement (Dynasil Corp of America), Business Loan Agreement (Dynasil Corp of America)

Default. Each of the following shall constitute an Event of Default under this Agreement: Payment Default. Default Borrower fails to make any payment when due under the LoanIndebtedness.

Appears in 2 contracts

Sources: Change in Terms Agreement (Integrated Packaging Assembly Corp), Change in Terms Agreement (Advanced Remote Communication Solutions)

Default. Each of the following shall constitute an Event of Default under this Agreement: Payment or Performance Default. Borrower fails to make any payment when due under the LoanIndebtedness.

Appears in 2 contracts

Sources: Loan Agreement (Windsortech Inc), Loan Agreement (Windsortech Inc)

Default. Each of the following shall constitute an Event of Default under this Agreement: Payment Default. Borrower fails falls to make any payment when due under the LoanIndebtedness.

Appears in 2 contracts

Sources: Commercial Pledge Agreement (Advanced Life Sciences Holdings, Inc.), Commercial Pledge Agreement (Advanced Life Sciences Holdings, Inc.)

Default. Each of the following shall constitute an Event of Default under this Agreement: . Payment Default. Borrower fails to make any payment when due under the Loan.

Appears in 2 contracts

Sources: Loan Agreement (Badger Meter Inc), Business Loan Agreement (Wolohan Lumber Co)

Default. Each of the following shall constitute an Event of Default default under this Agreement: Payment DefaultPAYMENT DEFAULT. Borrower fails to make any payment when due under the Loan.

Appears in 1 contract

Sources: Business Loan Agreement (Asv Inc /Mn/)

Default. Each of the following shall constitute an Event of Default under this Agreement: Payment Default. , Borrower fails to make any payment when due under the Loan.

Appears in 1 contract

Sources: Business Loan Agreement (Prospect Acquisition Corp)

Default. Each of the following shall constitute an Event of Default under this Agreement: Payment Default. Borrower fails to make any payment when due under the LoanLoa▇.

Appears in 1 contract

Sources: Business Loan Agreement (Red Trail Energy, LLC)

Default. Each of the following shall shall, constitute an Event of Default under this Agreement: Payment DefaultPAYMENT DEFAULT. Borrower fails to make any payment when due under the Loan.

Appears in 1 contract

Sources: Business Loan Agreement (Infinite Graphics Inc)

Default. Each of the following shall constitute an Event of Default under this Agreement: Payment Default. Borrower Default ▇▇▇▇▇▇▇▇ fails to make any payment when due under the Loan.

Appears in 1 contract

Sources: Business Loan Agreement (Lodging Fund REIT III, Inc.)

Default. Each of the following shall constitute an Event of Default under this Agreement: Payment Default; PAYMENT DEFAULT. Borrower fails to make any payment when due under the Loanindebtedness.

Appears in 1 contract

Sources: Commercial Pledge Agreement (Osborne Richard M Trust)

Default. Each of the following shall constitute an Event of Default under this Agreement: Payment Default. Borrower fails fails, to make any payment when due under the Loan.

Appears in 1 contract

Sources: Business Loan Agreement (Mining Oil, Inc.)

Default. Each of the following shall constitute an Event of Default under this Agreement: Payment Default. Borrower fails tails to make any payment when due under the Loan.

Appears in 1 contract

Sources: Business Loan Agreement (Lodging Fund REIT III, Inc.)

Default. Each of the following shall constitute an Event of Default under this Agreement: Payment Default. Borrower fails to make any payment ▇▇▇ ▇▇▇▇ent when due under the Loan.

Appears in 1 contract

Sources: Business Loan Agreement (I/Omagic Corp)

Default. Each of the following shall constitute an Event of Default under this Agreement: Payment Default. Borrower fails to make any payment when pa▇▇▇▇▇ ▇hen due under the Loan.

Appears in 1 contract

Sources: Promissory Note (Eldorado Artesian Springs Inc)

Default. Each of the following shall constitute an Event of Default under this Agreement: Payment Default. PAYMENT DEFAULT. Borrower fails to make any payment when due under the Loanindebtedness.

Appears in 1 contract

Sources: Change in Terms Agreement (Fafco Inc)

Default. Each of the following shall constitute an Event of Default under this Agreement: Payment Default. Borrower fails to make any payment when due under the this Loan.

Appears in 1 contract

Sources: Business Loan Agreement (Nocopi Technologies Inc/Md/)

Default. Each of the following shall constitute an Event of Default under this Agreement: Payment Default. Borrower fails to make any payment when due under whe▇ ▇▇▇ ▇▇der the Loan.

Appears in 1 contract

Sources: Loan Agreement (Coeur D Alenes Co /Ia/)

Default. Each of the following shall constitute an Event of Default under this Agreement: Payment Default. Borrower fails to make any payment when due under the Loanthis Agreement.

Appears in 1 contract

Sources: Business Loan Agreement (AeroVironment Inc)

Default. Each of the following shall constitute an Event of Default under this Agreement: Agreement Payment Default. Borrower fails to make any payment when due under the Loan.

Appears in 1 contract

Sources: Business Loan Agreement (Champion Industries Inc)

Default. Each of the following shall constitute an Event of Default under this Agreement: Payment Default. Borrower fails to make any payment when due under the Loanloan.

Appears in 1 contract

Sources: Business Loan Agreement (Siena Technologies, Inc.)

Default. Each of the following shall constitute an Event of Default under this Agreement: Payment Default. Borrower fails to make ▇▇ ▇▇▇▇ any payment when due under the Loan.

Appears in 1 contract

Sources: Business Loan Agreement (Oakridge Holdings Inc)

Default. Each of the following shall constitute an Event of or Default under this Agreement: Payment Default. Borrower fails to make any payment when due under the Loan.this Agreement:

Appears in 1 contract

Sources: Change in Terms Agreement (Portfolio Recovery Associates Inc)

Default. Each of the following shall constitute an Event of Default under this Agreement: Payment DefaultPAYMENT DEFAULT. Borrower ▇▇▇▇▇▇▇▇ fails to make any payment when due under the Loan.

Appears in 1 contract

Sources: Business Loan Agreement (Avid Sportswear & Golf Corp)