Common use of 1Payment Default Clause in Contracts

1Payment Default. Borrower fails to make any interest or principal payment or payment of any other obligation under this Agreement after it is due. ​

Appears in 8 contracts

Sources: Loan Agreement (Cheetah Net Supply Chain Service Inc.), Loan Agreement (Cheetah Net Supply Chain Service Inc.), Loan Agreement (Cheetah Net Supply Chain Service Inc.)

1Payment Default. Borrower fails to make any interest or principal payment or payment of any other obligation under this Agreement after it is due. ​.

Appears in 1 contract

Sources: Loan Agreement (Cheetah Net Supply Chain Service Inc.)