Failure to Pay Indebtedness. Any of the Secured Indebtedness is not paid within five (5) days after the date as and when due, regardless of how such amount may have become due.
Appears in 7 contracts
Samples: Loan Agreement and Secured Promissory Note (Cellteck Inc.), Security Agreement (Cellteck Inc.), Assignment, Security Agreement and Fixture Filing (Cellteck Inc.)
Failure to Pay Indebtedness. Any of the Secured Indebtedness is not paid within five ten (510) days after the date as and when due, regardless of how such amount may have become due.
Appears in 4 contracts
Samples: Security Agreement (Cellteck Inc.), Assignment, Security Agreement and Fixture Filing (Cellteck Inc.), Assignment, Security Agreement and Fixture Filing (Compx International Inc)