Common use of Monetary Default Clause in Contracts

Monetary Default. If the Company shall default in any payment of the ---------------- principal or interest on the Loan when and as the same shall become due and payable, whether at maturity, by acceleration at the discretion of the Bank or otherwise; or

Appears in 1 contract

Sources: Loan Agreement (Ashton Technology Group Inc)

Monetary Default. If the Company Borrower shall default in any payment of ---------------- the ---------------- principal of or interest on the Loan when and as the same shall become due and payable, whether on demand, at maturity, by acceleration at the discretion of the Bank or otherwise; or

Appears in 1 contract

Sources: Loan Agreement (Audio Communications Network Inc)

Monetary Default. If the Company Borrowers shall default in any payment of the ---------------- principal of or interest on the Loan Notes, or any of them, when and as the same shall become due and payable, whether at maturity, by acceleration at the discretion of the Bank Associations or otherwise; or;

Appears in 1 contract

Sources: Loan Agreement (Orange Co Inc /Fl/)

Monetary Default. If the Company shall default in any payment of the ---------------- principal of or interest on the Loan when and as the same shall become due and payable, whether at maturity, by acceleration at the discretion of the Bank or otherwise; or

Appears in 1 contract

Sources: Loan Agreement (Colonial Bancgroup Inc)

Monetary Default. If the Company Borrower shall default in any payment of the ---------------- principal of or interest on the Loan when and as the same shall become due and payable, whether at maturity, by acceleration at the discretion of the Bank Lender or otherwise; or

Appears in 1 contract

Sources: Merger Agreement (Integrated Electrical Services Inc)

Monetary Default. If the Company Borrower shall default in any payment ---------------- of the ---------------- principal of or interest on the Loan when and as the same shall become due and payable, whether on demand, at maturity, by acceleration at the discretion of the Bank or otherwise; or

Appears in 1 contract

Sources: Loan Agreement (Audio Communications Network Inc)

Monetary Default. If the Company shall default in any payment of the ---------------- principal or interest on the Loan when and as the same shall become due and payable, whether at maturity, by acceleration at the discretion of the Bank or otherwise; or

Appears in 1 contract

Sources: Loan Agreement (Ashton Technology Group Inc)

Monetary Default. If the Company Borrower shall default in any payment of the ---------------- principal of or interest on the Loan Facility when and as the same shall become due and payable, whether at maturity, by acceleration at the discretion of the Bank or otherwise; or

Appears in 1 contract

Sources: Loan Agreement (Priority Healthcare Corp)

Monetary Default. If the Company a default shall default occur in any payment of the ---------------- principal of or interest on the Loan when and as the same shall become due and payable, whether on demand, at maturity, by acceleration at the discretion of the Bank or otherwise; or

Appears in 1 contract

Sources: Loan Agreement (Orange Co Inc /Fl/)