Common use of Default Clause in Contracts

Default. Each of the following shall constitute an Event of Default under this Agreement: Payment Default. Borrower fails to make any payment when due under the Loan.

Appears in 114 contracts

Samples: Agreement (Amtd Idea Group), Business Loan Agreement (Autoscope Technologies Corp), Business Loan Agreement (FGI Industries Ltd.)

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Default. Each of the following shall constitute an Event of Default under this Agreement: Payment Default. Borrower Xxxxxxxx fails to make any payment when due under the Loan.

Appears in 97 contracts

Samples: Business Loan Agreement (TSS, Inc.), Business Loan Agreement (Amtd Idea Group), Business Loan Agreement (Ames National Corp)

Default. Each of the following shall constitute an Event of Default under this Agreement: Payment Default. Borrower fails to make any payment when due under the LoanIndebtedness.

Appears in 79 contracts

Samples: Commercial Security Agreement (Heritage Global Inc.), Commercial Security Agreement (Heritage Global Inc.), Change in Terms Agreement (Eaco Corp)

Default. Each of the following shall constitute an Event of Default under this Agreement: Payment DefaultPAYMENT DEFAULT. Borrower fails to make any payment when due under the Loan.

Appears in 18 contracts

Samples: Loan Agreement (Hemet Bancorp), Business Loan Agreement (Portfolio Recovery Associates Inc), Businsess Loan Agreement (Pipex Pharmaceuticals, Inc.)

Default. Each of the following shall constitute an Event of Default under this Agreement: Payment DefaultPAYMENT DEFAULT. Borrower fails to make any payment when due under the LoanIndebtedness.

Appears in 13 contracts

Samples: Terms Agreement (Eacceleration Corp), Security Agreement (International Remote Imaging Systems Inc /De/), Change in Terms Agreement (Insci Statements Com Corp)

Default. Each of the following shall constitute an Event of Default under this Agreement: Payment Default. Borrower Bxxxxxxx fails to make any payment when due under the Loan.

Appears in 13 contracts

Samples: Business Loan Agreement (Syra Health Corp), Business Loan Agreement (Eaco Corp), Business Loan Agreement and Borrower (Janel Corp)

Default. Each of the following shall constitute an Event of Default under this Agreement: Payment Default. Borrower fails to make any payment when due under the Loanindebtedness.

Appears in 7 contracts

Samples: Change in Terms Agreement (Pure Earth, Inc.), Security Agreement (Primal Solutions Inc), Change in Terms Agreement (Elecsys Corp)

Default. Each of the following shall constitute an Event event of Default default under this Agreement: Payment Default. Borrower fails to make any payment when due under the Loanindebtedness.

Appears in 4 contracts

Samples: Change in Terms Agreement (Allin Corp), Change in Terms Agreement (Allin Corp), Change in Terms Agreement (Allin Corp)

Default. Each of the following shall constitute an Event of Default under this Agreement: Payment DefaultPAYMENT DEFAULT. Borrower fails to make any payment when due under the Loanindebtedness.

Appears in 3 contracts

Samples: Change in Terms Agreement (I/Omagic Corp), Commercial Security Agreement (Earthcare Co), Change in Terms Agreement (Husker Ag Processing LLC)

Default. Each of the following shall constitute an Event of Default under this Agreement: Payment Default. Borrower fails falls to make any payment when due under the Loan.

Appears in 3 contracts

Samples: Business Loan Agreement (Elevate.Money REIT I, Inc.), Business Loan Agreement (Aetrium Inc), Change in Terms Agreement (Powin Corp)

Default. Each of the following shall constitute an Event of Default under this Agreement: Payment Default. Borrower fails Boxxxxxx xails to make any payment when due under the Loan.

Appears in 2 contracts

Samples: Business Loan Agreement (Rocky Mountain Chocolate Factory Inc), Business Loan Agreement (Rocky Mountain Chocolate Factory Inc)

Default. Each of the following shall constitute an Event of Default under this Agreement: . Payment Default. Borrower fails to make any payment when due under the Loan.

Appears in 2 contracts

Samples: Business Loan Agreement (Badger Meter Inc), Wolohan Lumber Co

Default. Each of the following shall constitute an Event of Default under this Agreement: Payment DefaultDefault . Borrower fails to make any payment when due under the Loan.

Appears in 2 contracts

Samples: Hickok Inc, Hickok Inc

Default. Each of the following shall constitute an Event of Default under this Agreement: Payment Default. Borrower fails falls to make any payment when due under the LoanIndebtedness.

Appears in 2 contracts

Samples: Commercial Pledge Agreement (Advanced Life Sciences Holdings, Inc.), Commercial Pledge Agreement (Advanced Life Sciences Holdings, Inc.)

Default. Each of the following shall constitute an Event of Default under this Agreement: Payment Default. Borrower fails to make any payment xxxxxxx when due under the Loan.

Appears in 2 contracts

Samples: Business Loan Agreement (Dynasil Corp of America), Business Loan Agreement (Dynasil Corp of America)

Default. Each of the following shall constitute an Event of Default under this Agreement: ; Payment Default. Borrower fails to make any payment when due under the Loan.

Appears in 2 contracts

Samples: Business Loan Agreement (Uroplasty Inc), Business Loan Agreement (Oragenics Inc)

Default. Each of the following shall constitute an Event of Default under this Agreement: Payment or Performance Default. Borrower fails to make any payment when due under the LoanIndebtedness.

Appears in 2 contracts

Samples: Intercreditor Agreement (Windsortech Inc), Intercreditor Agreement (Windsortech Inc)

Default. Each of the following shall constitute an Event of Default under this Agreement: Payment Default. Default Borrower fails to make any payment when due under the LoanIndebtedness.

Appears in 2 contracts

Samples: Change in Terms Agreement (Integrated Packaging Assembly Corp), Terms Agreement (Advanced Remote Communication Solutions)

Default. Each of the following shall constitute an Event of Default under this Agreement: Payment Default. Borrower fails to make any payment when due under whex xxx xxder the Loan.

Appears in 1 contract

Samples: Terms Agreement (Coeur D Alenes Co /Ia/)

Default. Each of the following shall constitute an Event event of Default default under this Agreement: Payment Default. Borrower fails to make any payment when due under the LoanIndebtedness.

Appears in 1 contract

Samples: Change in Terms Agreement (VCG Holding Corp)

Default. Each of the following shall constitute an Event of Default under this Agreement: Payment Default. Borrower fails to make any payment when due under the LoanLoax.

Appears in 1 contract

Samples: Loan Agreement (Red Trail Energy, LLC)

Default. Each of the following shall shall, constitute an Event of Default under this Agreement: Payment DefaultPAYMENT DEFAULT. Borrower fails to make any payment when due under the Loan.

Appears in 1 contract

Samples: Business Loan Agreement (Infinite Graphics Inc)

Default. Each of the following shall constitute an Event of Default under this Agreement: Payment Default; PAYMENT DEFAULT. Borrower fails to make any payment when due under the Loanindebtedness.

Appears in 1 contract

Samples: Commercial Pledge Agreement (Osborne Richard M Trust)

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Default. Each of the following shall constitute an Event of or Default under this Agreement: Payment Default. Borrower fails to make any payment when due under the Loan.this Agreement:

Appears in 1 contract

Samples: Change in Terms Agreement (Portfolio Recovery Associates Inc)

Default. Each of the following shall constitute an Event of Default under this Agreement: Payment Default. Borrower fails to make any payment when due under the this Loan.

Appears in 1 contract

Samples: Business Loan Agreement (Nocopi Technologies Inc/Md/)

Default. Each of the following shall constitute an Event of Default under this Agreement: Agreement Payment Default. Borrower fails to make any payment when due under the Loan.

Appears in 1 contract

Samples: Loan Agreement (Champion Industries Inc)

Default. Each of the following shall constitute an Event of Default under this Agreement: Payment Default. Borrower fails to make any payment when due under the Loanthis Agreement.

Appears in 1 contract

Samples: Change in Terms Agreement (AeroVironment Inc)

Default. Each of the following shall constitute an Event of Default under this Agreement: CHANGE IN TERMS AGREEMENT Payment Default. Borrower fails to make any payment when due under the LoanIndebtedness.

Appears in 1 contract

Samples: Change in Terms Agreement (Electromed, Inc.)

Default. Each of the following shall constitute an Event of Default under this Agreement: Payment Default. Borrower fails to make any payment xxx xxxxent when due under the Loan.

Appears in 1 contract

Samples: Loan Agreement (I/Omagic Corp)

Default. Each of the following shall constitute an Event of Default under this Agreement: Payment Default. , Borrower fails to make any payment when due under the Loan.

Appears in 1 contract

Samples: Business Loan Agreement (Prospect Acquisition Corp)

Default. Each of the following shall constitute an Event of Default under this Agreement: Payment Default. Borrower fails to make any payment when due under the Loanloan.

Appears in 1 contract

Samples: Business Loan Agreement (Siena Technologies, Inc.)

Default. Each of the following shall constitute an Event of Default default under this Agreement: Payment DefaultPAYMENT DEFAULT. Borrower fails to make any payment when due under the Loan.

Appears in 1 contract

Samples: Asv Inc /Mn/

Default. Each of the following shall constitute an Event of Default under this Agreement: Payment Default. Borrower fails tails to make any payment when due under the Loan.

Appears in 1 contract

Samples: Business Loan Agreement (Lodging Fund REIT III, Inc.)

Default. Each of the following shall constitute an Event of Default under this Agreement: Payment Default. PAYMENT DEFAULT. Borrower fails to make any payment when due under the Loanindebtedness.

Appears in 1 contract

Samples: Fafco Inc

Default. Each of the following shall constitute an Event of Default under this Agreement: Payment Default. Borrower fails to make xx xxxx any payment when due under the Loan.

Appears in 1 contract

Samples: Loan Agreement (Oakridge Holdings Inc)

Default. Each of the following shall constitute an Event of Default under this Agreement: Payment Default. Borrower fails fails, to make any payment when due under the Loan.

Appears in 1 contract

Samples: Business Loan Agreement (Mining Oil, Inc.)

Default. Each of the following shall constitute an Event of Default under this Agreement: Payment Default. Borrower fails to make any payment when paxxxxx xhen due under the Loan.

Appears in 1 contract

Samples: Eldorado Artesian Springs Inc

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