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 Note or any other Obligations now or hereafter owing to ▇▇▇▇▇▇▇▇▇ by Borrower.

Appears in 2 contracts

Sources: Loan Agreement (Karts International Inc), Loan Agreement (Karts International Inc)

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

Appears in 1 contract

Sources: Loan and Security Agreement (SLS International Inc)

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

Appears in 1 contract

Sources: Loan Agreement (Karts International Inc)

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

Appears in 1 contract

Sources: Revolving Account Transfer and Purchase Agreement (Oryx Technology Corp)