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Common use of Default Event Clause in Contracts

Default Event. Borrower shall be in default if borrower fails to pay any principal or interest or fees when due and such failure shall continue un-remedied for a period of 10 days.

Appears in 4 contracts

Samples: Credit Agreement (Great Plains Ethanol LLC), Promissory Note (Great Plains Ethanol LLC), Promissory Note/Loan Agreement (Great Plains Ethanol LLC)