Common use of Payment Default Clause in Contracts

Payment Default. If Borrower fails to pay the principal of, or any interest on, any Advances when due and payable; or fails to pay any portion of any other Obligations not constituting such principal or interest, including without limitation Bank Expenses, within thirty (30) days of receipt by Borrower of an invoice for such other Obligations;

Appears in 30 contracts

Sources: Loan and Security Agreement (Invision Technologies Inc), Loan Agreement (Centigram Communications Corp), Loan Agreement (Phoenix Technologies LTD)

Payment Default. If Borrower fails to pay the principal of, or --------------- any interest on, any Advances when due and payable; or fails to pay any portion of any other Obligations not constituting such principal or interest, including without limitation Bank Expenses, within thirty (30) days of receipt by Borrower of an invoice for such other Obligations;

Appears in 10 contracts

Sources: Loan and Security Agreement (Jetfax Inc), Loan and Security Agreement (Quicklogic Corporation), Loan and Security Agreement (Jetfax Inc)

Payment Default. If Borrower fails to pay the principal of, or any interest on, any Advances the Advance when due and payable; or fails to pay any portion of any other Obligations not constituting such principal or interest, including without limitation Bank Expenses, within thirty (30) days of receipt by Borrower of an invoice for such other Obligations;

Appears in 4 contracts

Sources: Loan and Security Agreement (Graphix Zone Inc/De), Loan and Security Agreement (Cygnus Inc /De/), Loan and Security Agreement (Photon Dynamics Inc)

Payment Default. If Borrower fails to pay the principal of, or any --------------- interest on, any Advances when due and payable; or fails to pay any portion of any other Obligations not constituting such principal or interest, including without limitation Bank Expenses, within thirty (30) days of receipt by Borrower of an invoice for such other Obligations;

Appears in 2 contracts

Sources: Loan and Security Agreement (Inktomi Corp), Loan and Security Agreement (Verisity LTD)

Payment Default. If Borrower fails to pay the principal of, or any interest on, any Advances when due and payable; or fails to pay any portion of any other Obligations not constituting such principal or interest, including without limitation Bank Lender Expenses, within thirty (30) days of receipt by Borrower of an invoice for such other Obligations;

Appears in 2 contracts

Sources: Loan and Security Agreement (Physicians Insurance Co of Ohio), Loan and Security Agreement (Pc Quote Inc)

Payment Default. If Borrower fails to pay the principal of, --------------- or any interest on, any Advances when due and payable; or fails to pay any portion of any other Obligations not constituting such principal or interest, including without limitation Bank Expenses, within thirty (30) days of receipt by Borrower of an invoice for such other Obligations;

Appears in 2 contracts

Sources: Loan and Security Agreement (Onsale Inc), Loan and Security Agreement (Interwoven Inc)

Payment Default. If Borrower fails to pay the principal of, or any interest on, any Equipment Advances when due and payable; or fails to pay any portion of any other Obligations not constituting such principal or interest, including without limitation Bank Expenses, within thirty (30) days of receipt by Borrower of an invoice for such other Obligations;

Appears in 2 contracts

Sources: Loan and Security Agreement (Cosine Communications Inc), Loan and Security Agreement (Cosine Communications Inc)

Payment Default. If Borrower fails to pay the principal of, or any interest on, any Advances when due and payable; or fails to pay any portion of any the other Obligations not constituting such principal or interest, (including without limitation limitation, Bank Expenses, Expenses in accordance with the terms hereof) within thirty (30) days of after receipt by Borrower of an invoice for such other Obligations;

Appears in 1 contract

Sources: Loan and Security Agreement (Sonic Solutions/Ca/)

Payment Default. If Borrower fails to pay the principal of, or any interest on,, any Advances when due and payable; or fails to pay any portion of any other Obligations not constituting such principal or interest, including without limitation Bank Expenses, within thirty (30) days of receipt by Borrower of an invoice for such other Obligations;

Appears in 1 contract

Sources: Loan and Security Agreement (Intevac Inc)

Payment Default. If Borrower fails to pay the principal of, or any interest on, any Advances when due and payable; or fails to pay any portion of any other Obligations not constituting such principal or interest, including without limitation Bank Expenses, within thirty forty-five (3045) days of receipt by Borrower of an invoice for such other Obligations;

Appears in 1 contract

Sources: Loan and Security Agreement (Calypte Biomedical Corp)

Payment Default. If a Borrower fails to pay the principal of, or --------------- any interest on, any Advances when due and payable; or fails to pay any portion of any other Obligations not constituting such principal or interest, including without limitation Bank Expenses, within thirty (30) days of receipt by a Borrower of an invoice for such other Obligations;

Appears in 1 contract

Sources: Loan and Security Agreement (Ise Labs Inc)

Payment Default. If Borrower fails to pay the principal of, or any interest on, any Advances when due and payable; or fails to pay any portion of any other Obligations not constituting such principal or interest, including without limitation Bank Expenses, within thirty thirty-five (3035) days of receipt by Borrower of an invoice for such other Obligations;

Appears in 1 contract

Sources: Loan and Security Agreement (Electronic Designs Inc)

Payment Default. If Borrower fails to pay the principal of, or any interest on, any Advances when due and payable; or fails to pay any portion of any the other Obligations not constituting such principal or interest, (including without limitation limitation, Bank Expenses, Expenses in accordance with the terms hereof) within thirty (30) days of receipt by Borrower of an invoice for such other Obligations;

Appears in 1 contract

Sources: Loan and Security Agreement (MSC Software Corp)

Payment Default. If Borrower fails to pay the principal of, or any interest on, any Advances or fails to repay any amount paid under any Letter of Credit when due and payable; or fails to pay any portion of any other Obligations not constituting such principal or interest, including without limitation Bank Expenses, within thirty (30) days of receipt by Borrower of an invoice for such other Obligations;

Appears in 1 contract

Sources: Loan and Security Agreement (Heartport Inc)

Payment Default. If Borrower fails to pay the principal of, of any Advances when due and payable; or fails to pay any interest on, on any Advances within three days of when due and payable; or fails to pay any portion of any other Obligations not constituting such principal or interest, including without limitation Bank Expenses, within thirty (30) days of receipt by Borrower of an invoice for such other Obligations;

Appears in 1 contract

Sources: Loan and Security Agreement (Abgenix Inc)

Payment Default. If Borrower fails to pay the principal of, or any interest on, any Advances when due and payable; , or fails to pay any portion of any the other Obligations not constituting such principal or interest, (including without limitation limitation, Bank Expenses, Expenses in accordance with the terms hereof) within thirty (30) days of receipt by Borrower of an invoice for such other Obligations;

Appears in 1 contract

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

Payment Default. If Borrower fails to pay the principal of, or any interest on, any Advances when due and payable; or fails to pay any portion of any other Obligations not constituting such principal or interest, including without limitation Bank Expenses, within thirty (30) days of receipt by Borrower of an invoice for such other Obligations;.

Appears in 1 contract

Sources: Loan and Security Agreement (Vidamed Inc)