Common use of Default on Indebtedness Clause in Contracts

Default on Indebtedness. Failure of Borrower to make any payment when due on the Loans.

Appears in 162 contracts

Samples: Loan Agreement (Industrial Services of America Inc /Fl), Loan Agreement (Synergetics Usa Inc), Loan Agreement (R B Rubber Products Inc)

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Default on Indebtedness. Failure of Borrower to make any payment when due on any of the LoansIndebtedness.

Appears in 12 contracts

Samples: Business Loan Agreement (Bioanalytical Systems Inc), Business Loan Agreement (Bioanalytical Systems Inc), Business Loan Agreement (Made2manage Systems Inc)

Default on Indebtedness. Failure of Borrower to make any payment when due on the LoansIndebtedness.

Appears in 11 contracts

Samples: Security Agreement (Globalscape Inc), Loan Agreement (Freeman Joshua M), Commercial Security Agreement (United Heritage Corp)

Default on Indebtedness. Failure of Borrower to make any payment when due on any of the Loansindebtedness.

Appears in 1 contract

Samples: Loan Agreement (Zila Inc)

Default on Indebtedness. Failure of Borrower to make any payment when due on the LoansLoan.

Appears in 1 contract

Samples: Business Loan Agreement (Pods Inc)

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Default on Indebtedness. Failure of to Borrower to make or any payment when due on the Loans.

Appears in 1 contract

Samples: Commercial Security Agreement (Aspec Technology Inc)

Default on Indebtedness. Failure of Borrower to make any payment when due on the Loansloans.

Appears in 1 contract

Samples: Loan Agreement (Scientific Software Intercomp Inc)

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