Common use of Monetary Obligations Clause in Contracts

Monetary Obligations. Borrower fails to pay: (i) prior to the Maturity Date, any Indebtedness within 5 days after it is due and payable; or (ii) all of the Indebtedness on the Maturity Date; or

Appears in 2 contracts

Samples: Loan Agreement (Educational Development Corp), Loan Agreement (ParagonCoin, LTD)

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Monetary Obligations. Borrower fails to pay, with respect to any Loan: (i) prior to the applicable maturity date (whether the Maturity Date, the Termination Date, or otherwise, as applicable), any Indebtedness within 5 days after it is due and payable; or (ii) all of the Indebtedness on the Maturity Dateapplicable maturity date; or

Appears in 1 contract

Samples: Loan Agreement (Educational Development Corp)

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Monetary Obligations. Borrower fails to pay: (i) prior to the Maturity Date, any Indebtedness within 5 10 days after it is due and payable; or (ii) all of the Indebtedness on the Maturity Date; or

Appears in 1 contract

Samples: Loan Agreement (CRAWFORD UNITED Corp)

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