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Common use of Failure to Pay Indebtedness Clause in Contracts

Failure to Pay Indebtedness. Failure to pay when due any obligation of the Borrower to the Bank.

Appears in 5 contracts

Sources: Business Line Credit Agreement (Top Tier Software Inc), Business Loan Agreement (Medical Science Systems Inc), Advantage Business Credit Line/Loan Agreement (Advanced Media Inc)

Related Clauses

  • Default on Indebtedness
  • Indebtedness
  • Default on Other Indebtedness
  • No Indebtedness
  • Intercompany Indebtedness

Parent Clauses

  • Events of Default
  • Default
  • Miscellaneous
  • Default and Remedies
  • Intentionally Omitted
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