Common use of Default on Indebtedness Clause in Contracts

Default on Indebtedness. Failure of Borrowers to make any payment when due on the Indebtedness, or to comply with or to perform any other term, obligation, covenant, or condition contained in this Agreement, the Loan Agreement, or in any of the other Loan Documents.

Appears in 4 contracts

Samples: Commercial Security Agreement (Premier Power Renewable Energy, Inc.), Commercial Security Agreement (Premier Power Renewable Energy, Inc.), Commercial Security Agreement (Premier Power Renewable Energy, Inc.)

AutoNDA by SimpleDocs

Default on Indebtedness. Failure of Borrowers Borrower to make any payment when due on the IndebtednessLoans. Other Defaults, Failure of Borrower or any Grantor to comply with or to perform when due any other term, obligation, covenant or condition contained in this Agreement or in any of the Related Documents, or failure of Borrower to comply with or to perform any other term, obligation, covenant, covenant or condition contained in this Agreement, the Loan Agreement, or in any of the other Loan Documentsagreement between Lender and Borrower.

Appears in 1 contract

Samples: Business Loan Agreement (Applied Microsystems Corp /Wa/)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!