Common use of Monetary Default Clause in Contracts

Monetary Default. If Borrowers shall default in any payment of the principal of or interest on the Notes, or any of them, when and as the same shall become due and payable, whether at maturity, by acceleration at the discretion of the Associations or otherwise;

Appears in 1 contract

Sources: Loan Agreement (Orange Co Inc /Fl/)

Monetary Default. If Borrowers the Borrower shall default in any payment of the principal of or interest on the Notes, or any of them, Loan when and as the same shall become due and payable, whether at maturity, by acceleration at the discretion of the Associations Lender or otherwise;; or

Appears in 1 contract

Sources: Merger Agreement (Integrated Electrical Services Inc)

Monetary Default. If Borrowers the Company shall default in any payment of the ---------------- principal of or interest on the Notes, or any of them, Loan when and as the same shall become due and payable, whether at maturity, by acceleration at the discretion of the Associations Bank or otherwise;; or

Appears in 1 contract

Sources: Loan Agreement (Ashton Technology Group Inc)

Monetary Default. If Borrowers the Company shall default in any payment of the principal of or interest on the Notes, or any of them, Loan when and as the same shall become due and payable, whether at maturity, by acceleration at the discretion of the Associations Bank or otherwise;; or

Appears in 1 contract

Sources: Loan Agreement (Ashton Technology Group Inc)

Monetary Default. If Borrowers the Company shall default in any payment of the principal of or interest on the Notes, or any of them, Loan when and as the same shall become due and payable, whether at maturity, by acceleration at the discretion of the Associations Bank or otherwise;; or

Appears in 1 contract

Sources: Loan Agreement (Colonial Bancgroup Inc)

Monetary Default. If Borrowers the Borrower shall default in any payment of ---------------- the principal of or interest on the Notes, or any of them, Loan when and as the same shall become due and payable, whether on demand, at maturity, by acceleration at the discretion of the Associations or otherwise;; or

Appears in 1 contract

Sources: Loan Agreement (Audio Communications Network Inc)

Monetary Default. If Borrowers a default shall default occur in any payment of the principal of or interest on the Notes, or any of them, Loan when and as the same shall become due and payable, whether on demand, at maturity, by acceleration at the discretion of the Associations or otherwise;; or

Appears in 1 contract

Sources: Loan Agreement (Orange Co Inc /Fl/)

Monetary Default. If Borrowers the Borrower shall default in any payment ---------------- of the principal of or interest on the Notes, or any of them, Loan when and as the same shall become due and payable, whether on demand, at maturity, by acceleration at the discretion of the Associations or otherwise;; or

Appears in 1 contract

Sources: Loan Agreement (Audio Communications Network Inc)

Monetary Default. If Borrowers the Borrower shall default in any payment of the principal of or interest on the Notes, or any of them, Facility when and as the same shall become due and payable, whether at maturity, by acceleration at the discretion of the Associations Bank or otherwise;; or

Appears in 1 contract

Sources: Loan Agreement (Priority Healthcare Corp)