Common use of Monetary Default Clause in Contracts

Monetary Default. If the Borrower shall default in any payment of the principal of or interest on the Facility when and as the same shall become due and payable, whether at maturity, by acceleration at the discretion of the Bank or otherwise; or

Monetary Default. If the Borrower Company shall default in any payment of the ---------------- principal of or interest on the Facility Loan when and as the same shall become due and payable, whether at maturity, by acceleration at the discretion of the Bank or otherwise; or

Monetary Default. If the Borrower a default shall default occur in any payment of the principal of or interest on the Facility 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

Monetary Default. If the Borrower Company shall default in any payment of the principal of or interest on the Facility Loan when and as the same shall become due and payable, whether at maturity, by acceleration at the discretion of the Bank or otherwise; or

Monetary Default. If the Borrower shall default in any payment of the principal of or interest on the Facility Loan when and as the same shall become due and payable, whether at maturity, by acceleration at the discretion of the Bank Lender or otherwise; or

Monetary Default. If the Borrower Company shall default in any payment of the principal of or interest on the Facility Loan when and as the same shall become due and payable, whether at maturity, by acceleration at the discretion of the Bank or otherwise; or