Common use of Default under Obligations Clause in Contracts

Default under Obligations. The occurrence of any event of default or default condition under any of the Obligations, including, without limitation, Borrower’s failure to pay, when due, the principal of and interest on any of the Obligations, or Borrower’s failure to pay, when due, any and all other amounts due under any of the Obligations, including, without limitation, any taxes, fees, charges, premiums and costs and expenses.

Appears in 9 contracts

Samples: Loan and Security Agreement (Portfolio Recovery Associates Inc), Loan and Security Agreement (Cea Acquisition Corp), Loan and Security Agreement (Portfolio Recovery Associates Inc)

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Default under Obligations. The occurrence of any event of default or default condition under any of the ObligationsObligations to make payments, including, without limitation, Borrower’s failure to pay, when due, the principal of and interest on any of the Obligations, or Borrower’s failure to pay, when due, any and all other amounts due under any of the Obligations, including, without limitation, any taxes, fees, charges, premiums and costs and expenses.

Appears in 1 contract

Samples: Loan and Security Agreement (Verilink Corp)

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Default under Obligations. The occurrence of any event of default or default condition under any of the Obligations, including, without limitation, Borrower’s failure to pay, when due, the principal of and interest on any of the Obligations, or Borrower’s failure to pay, when duewithin seven (7) days after the same shall become due and payable, interest on and any and all other amounts due under any of the Obligations, including, without limitation, any taxes, fees, charges, premiums and costs and expenses.

Appears in 1 contract

Samples: Loan and Security Agreement (Adam Inc)

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