Common use of Immediate Default Clause in Contracts

Immediate Default. Any Loan Party shall fail or neglect to perform, keep or observe any of the provisions of Section 7.13, 7.17, 7.26 or 7.27 or Article 8 or to maintain insurance as listed on Schedule 7.7.

Appears in 2 contracts

Sources: Loan and Security Agreement (Eschelon Telecom Inc), Loan and Security Agreement (Us Xchange LLC)