Common use of Failure to Pay Indebtedness Clause in Contracts

Failure to Pay Indebtedness. Borrower shall fail to pay as and when due any part of the principal of, or interest on, the Note or any other Obligations now or hereafter owing to Xxxxxxxxx by Borrower.

Appears in 2 contracts

Samples: Loan Agreement (Karts International Inc), Loan Agreement (Karts International Inc)

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Failure to Pay Indebtedness. Borrower shall fail to pay as and when due any part of the principal of, or interest on, the Note Notes or any other Obligations indebtedness or obligations now or hereafter owing to Xxxxxxxxx * by Borrower.

Appears in 1 contract

Samples: Revolving Account Transfer and Purchase Agreement (Oryx Technology Corp)

Failure to Pay Indebtedness. Borrower shall fail to pay as and when due any part of the principal of, or interest on, the Note Notes or any other Obligations indebtedness or obligations now or hereafter owing to Xxxxxxxxx LENDER by Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (SLS International Inc)

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Failure to Pay Indebtedness. Borrower shall fail to pay as and when due any part of the principal of, or interest on, the Note or any other Obligations indebtedness or obligations now or hereafter owing to Xxxxxxxxx by Borrower.

Appears in 1 contract

Samples: Loan Agreement (Karts International Inc)

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