Common use of Payment Default Clause in Contracts

Payment Default. Borrower fails to pay any of the Obligations when due;

Appears in 84 contracts

Sources: Loan and Security Agreement, Loan and Security Agreement, Loan and Security Agreement (Forescout Technologies, Inc)

Payment Default. Either Borrower fails to pay any of the Obligations when due;

Appears in 2 contracts

Sources: Loan and Security Agreement (Global Telecom & Technology, Inc.), Loan and Security Agreement (Global Telecom & Technology, Inc.)

Payment Default. Borrower fails to pay any of the Obligations when dueObligations;

Appears in 1 contract

Sources: Loan and Security Agreement (Imagex Com Inc)

Payment Default. Borrower fails Borrowers fail to pay any of the Obligations when due;

Appears in 1 contract

Sources: Loan and Security Agreement (MRV Communications Inc)

Payment Default. Any Borrower fails shall fail to pay any of the Obligations when duedue and payable;

Appears in 1 contract

Sources: Loan and Security Agreement (Uniphase Corp /Ca/)