Common use of Failure to Pay Monies Due Clause in Contracts

Failure to Pay Monies Due. If any indebtedness of the Borrower to Standard Federal on the Line of Credit is not paid when due, regardless of whether such indebtedness has arisen pursuant to the terms of the Line of Credit Notes, this Agreement or any mortgage, security agreement, guaranty, instrument or other agreement executed in conjunction herewith.

Failure to Pay Monies Due. If any indebtedness of the Borrower to Standard Federal on the Line of Credit or the Term Loan is not paid when due, regardless of whether such indebtedness has arisen pursuant to the terms of the Line of Credit NotesNote, the Term Note, this Agreement or any mortgage, security agreement, guaranty, instrument or other agreement executed in conjunction herewith.

Failure to Pay Monies Due. If any indebtedness of the Borrower to Standard Federal on the Line of Credit is not paid when due, regardless of whether such indebtedness has arisen pursuant to the terms of the Line of Credit NotesNote, this Agreement or any mortgage, security agreement, guaranty, instrument or other agreement executed in conjunction herewith.

Failure to Pay Monies Due. If any indebtedness of the Borrower to Standard Federal on the Line of Credit, the Term Loan and the Equipment Line of Credit is not paid when due, regardless of whether such indebtedness has arisen pursuant to the terms of the Line of Credit NotesNote, the Term Note, the Equipment Line of Credit Note, this Agreement or any mortgage, security agreement, guaranty, instrument or other agreement executed in conjunction herewith.

Failure to Pay Monies Due. If any indebtedness of the Borrower to Standard Federal on the Line of Credit Term Loan is not paid when due, regardless of whether such indebtedness has arisen pursuant to the terms of the Line of Credit NotesNote, this Agreement or any mortgage, security agreement, guaranty, instrument or other agreement executed in conjunction herewith.

Failure to Pay Monies Due. If any indebtedness of the Borrower to Standard Federal on the Line of Credit or the Term Loan is not paid when due, regardless of whether such indebtedness has arisen pursuant to the terms of the Line of Credit Notes, the Term Note, this Agreement or any mortgage, security agreement, guaranty, instrument or other agreement executed in conjunction herewith.