Common use of Monetary Default Clause in Contracts

Monetary Default. If the Applicant shall default in any payment of any Obligations, including any amount due to the Bank hereunder or under any of the Letter of Credit Documents, when and as the same shall become due and payable, whether on demand, at maturity, by acceleration or otherwise; or

Appears in 1 contract

Samples: Credit Facility Agreement (Airways Corp)

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Monetary Default. If the Applicant Borrower shall default in any payment of any Obligations, including any amount due to the Bank hereunder principal of or under any of interest on the Letter of Credit Documents, Loan when and as the same shall become due and payable, whether on demand, at maturity, by acceleration at the discretion of the Lender or otherwise; or

Appears in 1 contract

Samples: Agreement and Plan of Merger (Integrated Electrical Services Inc)

Monetary Default. If the Applicant Company shall default in any payment of any Obligations, including any amount due to the Bank hereunder ---------------- principal or under any of interest on the Letter of Credit Documents, Loan when and as the same shall become due and payable, whether on demand, at maturity, by acceleration at the discretion of the Bank or otherwise; or

Appears in 1 contract

Samples: Loan Agreement (Ashton Technology Group Inc)

Monetary Default. If the Applicant Company shall default in any payment of any Obligations, including any amount due to the Bank hereunder principal of or under any of interest on the Letter of Credit Documents, Loan when and as the same shall become due and payable, whether on demand, at maturity, by acceleration at the discretion of the Bank or otherwise; or

Appears in 1 contract

Samples: Loan Agreement (Colonial Bancgroup Inc)

Monetary Default. If the Applicant a default shall default occur in any payment of any Obligations, including any amount due to the Bank hereunder principal of or under any of interest on the Letter of Credit Documents, Loan when and as the same shall become due and payable, whether on demand, at maturity, by acceleration or otherwise; or

Appears in 1 contract

Samples: Loan Agreement (Orange Co Inc /Fl/)

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Monetary Default. If the Applicant Company shall default in any payment of any Obligations, including any amount due to the Bank hereunder principal or under any of interest on the Letter of Credit Documents, Loan when and as the same shall become due and payable, whether on demand, at maturity, by acceleration at the discretion of the Bank or otherwise; or

Appears in 1 contract

Samples: Loan Agreement (Ashton Technology Group Inc)

Monetary Default. If the Applicant Borrower shall default in any payment of any Obligations, including any amount due to the Bank hereunder or under any ---------------- of the Letter principal of Credit Documents, or interest on the Loan when and as the same shall become due and payable, whether on demand, at maturity, by acceleration or otherwise; or

Appears in 1 contract

Samples: Security Agreement (Audio Communications Network Inc)

Monetary Default. If the Applicant Borrower shall default in any payment of any Obligations, including any amount due to ---------------- the Bank hereunder principal of or under any of interest on the Letter of Credit Documents, Loan when and as the same shall become due and payable, whether on demand, at maturity, by acceleration or otherwise; or

Appears in 1 contract

Samples: Security Agreement (Audio Communications Network Inc)

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