Common use of NONPAYMENT OF LOAN Clause in Contracts

NONPAYMENT OF LOAN. If the Borrower shall fail to make payment when due of any principal on the Note, or interest accrued thereon, and if the default shall remain unremedied for fifteen (15) days.

Appears in 4 contracts

Samples: Loan Agreement, Loan Agreement, Loan Agreement

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NONPAYMENT OF LOAN. If the Borrower shall fail to make payment when due of any installment of principal on the Note, Note or interest accrued thereon, and if the default shall remain unremedied for fifteen (15) days.

Appears in 1 contract

Samples: Loan Agreement (Lynch Corp)

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NONPAYMENT OF LOAN. If the Borrower shall fail to make payment when due of any installment of principal on the NoteNotes, or interest accrued thereon, and if the default shall remain unremedied for fifteen (15) ten days.

Appears in 1 contract

Samples: Loan Agreement (Tetridyn Solutions Inc)

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