Common use of Payment Default Clause in Contracts

Payment Default. Borrower fails to pay any of the Obligations when due;

Appears in 84 contracts

Sources: Loan and Security Agreement, Loan and Security Agreement, Loan and Security Agreement (Forescout Technologies, Inc)

Payment Default. Borrower fails to pay make any of payment when due under the Obligations when due;indebtedness.

Appears in 4 contracts

Sources: Change in Terms Agreement (Siena Technologies, Inc.), Commercial Security Agreement (Eacceleration Corp), Change in Terms Agreement (Eco Soil Systems Inc)

Payment Default. Either Borrower fails to pay any of the Obligations when due;

Appears in 2 contracts

Sources: Loan and Security Agreement (Global Telecom & Technology, Inc.), Loan and Security Agreement (Global Telecom & Technology, Inc.)

Payment Default. Borrower fails Borrowers fail to pay any of the Obligations when due;

Appears in 1 contract

Sources: Loan and Security Agreement (MRV Communications Inc)

Payment Default. Any Borrower fails shall fail to pay any of the Obligations when duedue and payable;

Appears in 1 contract

Sources: Loan and Security Agreement (Uniphase Corp /Ca/)

Payment Default. Borrower fails to pay any of the Obligations when dueObligations;

Appears in 1 contract

Sources: Loan and Security Agreement (Imagex Com Inc)