Common use of Loan Document Default Clause in Contracts

Loan Document Default. If any event of default shall occur under any other Loan Document, or if under any Loan Document any payment is required to be made by Borrower or any Obligor on demand of Lender, and such demand is made and has not been timely satisfied.

Appears in 1 contract

Sources: Loan Agreement (Mod Pac Corp)

Loan Document Default. If any event of default or default shall occur under any other Loan Document, or if under any Loan Document any in which payment is required to be made by Borrower Grantor or any Obligor guarantor on demand of Lender, and such demand is made and has not been timely satisfiedmade.

Appears in 1 contract

Sources: Security Agreement (Pinnacle Data Systems Inc)