Common use of Payment Default Clause in Contracts

Payment Default. Borrower fails to make any payment when due under the Loan.

Appears in 51 contracts

Sources: Business Loan Agreement (Charge Enterprises, Inc.), Business Loan Agreement (Asset Based) (TSS, Inc.), Business Loan Agreement (AmpliTech Group, Inc.)

Payment Default. Borrower fails to make any payment when due under the LoanIndebtedness.

Appears in 9 contracts

Sources: Aircraft Security Agreement (Air T Inc), Trustee Aircraft Security Agreement (Air T Inc), Trustee Aircraft Security Agreement (Air T Inc)

Payment Default. Any Borrower fails to make any payment when due under the Loan.

Appears in 1 contract

Sources: Business Loan Agreement (Flotek Industries Inc/Cn/)

Payment Default. Borrower fails to make any payment when due under the LoanLoan (including any Note).

Appears in 1 contract

Sources: Business Loan Agreement (Rubios Restaurants Inc)

Payment Default. Borrower fails to make any payment when due under the LoanLoan (including the Note).

Appears in 1 contract

Sources: Business Loan Agreement (Rubios Restaurants Inc)

Payment Default. Borrower fails to make any payment when due under the LoanLoan or Borrower’s Lease with Lender/Landlord.

Appears in 1 contract

Sources: Business Loan Agreement

Payment Default. Borrower fails to make any payment when due under the Loanloan.

Appears in 1 contract

Sources: Business Loan Agreement (Elecsys Corp)

Payment Default. Borrower fails to make any payment when due under the Note or otherwise under or in respect of the Loan.

Appears in 1 contract

Sources: Business Loan Agreement (Belvedere SoCal)

Payment Default. Borrower fails to make any payment when due under the this Loan.

Appears in 1 contract

Sources: Business Loan Agreement (Wellington Hall LTD)

Payment Default. Borrower fails to make any payment when due under the any Loan.

Appears in 1 contract

Sources: Business Loan and Security Agreement (Iridex Corp)

Payment Default. Borrower fails to make any payment when due under the Loan and Note evidencing the Loan.

Appears in 1 contract

Sources: Business Loan Agreement (Harrow Health, Inc.)