Common use of Nonpayment of Obligations Clause in Contracts

Nonpayment of Obligations. Any amount due and owing on the Loans, any proper and documented expenses reasonably incurred by the Bank hereunder or any and all other liabilities and obligations of the Borrower to the Bank under this Loan Agreement, whether now or hereafter existing, whether now due or to become due, direct or indirect, absolute or contingent, and whether several, joint or joint and several, whether by its terms or as otherwise provided herein, is not paid when due.

Appears in 3 contracts

Samples: Business Loan Agreement (LINC Logistics Co), Business Loan Agreement (LINC Logistics Co), Business Loan Agreement (LINC Logistics Co)

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Nonpayment of Obligations. Any amount due and owing on the LoansLoan or any fees due Bank hereunder, any proper and documented expenses reasonably incurred by the Bank hereunder or any and all other liabilities and obligations of the Borrower to the Bank under this the Loan AgreementDocuments, whether now or hereafter existing, whether now due or to become due, direct or indirect, absolute or contingent, and whether several, joint or joint and several, whether by its terms or as otherwise provided herein, is not paid when due.

Appears in 3 contracts

Samples: Loan and Financing Agreement (Universal Logistics Holdings, Inc.), Loan and Financing Agreement (Universal Logistics Holdings, Inc.), Loan and Financing Agreement (Universal Logistics Holdings, Inc.)

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Nonpayment of Obligations. Any amount due and owing on the LoansLoans or any fees due Bank hereunder, any proper and documented expenses reasonably incurred by the Bank hereunder or any and all other liabilities and obligations of the Borrower to the Bank under this Loan AgreementBank, howsoever created, arising or evidenced, and howsoever owned, held or acquired, whether now or hereafter existing, whether now due or to become due, direct or indirect, absolute or contingent, and whether several, joint or joint and several, whether by its terms or as otherwise provided herein, is not paid when due.

Appears in 1 contract

Samples: Security Agreement (Smart Online Inc)

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