Common use of Failure to Pay Indebtedness Clause in Contracts

Failure to Pay Indebtedness. Borrower shall fail to pay as and when due any part of the principal of, or interest on, the Notes or any other indebtedness or obligations now or hereafter owing to KBK by Borrower.

Appears in 2 contracts

Sources: Loan Agreement (Oryx Technology Corp), Guaranty (Red Oak Hereford Farms Inc)