Common use of Borrower Payments Clause in Contracts

Borrower Payments. The Borrower shall fail to pay when due: (i) any principal of any Loan, or any Reimbursement Obligation in respect of any Letter of Credit Disbursement, in each case, when and as the same shall become due and payable, whether at the due date thereof or, in the case of payments of principal due at a date fixed for prepayment thereof, at a date fixed for prepayment thereof; (ii) any interest on any Loan or any fee payable under this Agreement or under any other Financing Document when and as the same shall become due and payable, and such failure shall continue unremedied for a period of five Business Days; or (iii) any other amount (other than an amount referred to in clause (i) or (ii) of this Section 7.01(a)) payable under this Agreement or under any other Financing Document when and as the same shall become due and payable, and, solely in the case of this clause (iii), such failure shall continue unremedied for a period of 10 Business Days after the Administrative Agent has given written notice to the Borrower thereof; or

Borrower Payments. The Borrower shall fail to pay when due: (i) any principal of any Loan, Loan or any Reimbursement Obligation reimbursement obligation in respect of any Letter of Credit Disbursement, in each case, Disbursement when and as the same shall become due and payable, whether at the due date thereof or, in the case of payments of principal due at a date fixed for prepayment thereof, at a date fixed for prepayment thereof, or otherwise; or (ii) (A) any interest on any Loan or any fee payable under this Agreement or under any other Financing Document when and as the same shall become due and payable, and such failure shall continue unremedied for a period of five 3 Business Days; Days or (iiiB) any other amount (other than an amount referred to in clause (i) or (iiii)(A) of this Section 7.01(a)) payable under this Agreement or under any other Financing Document when and as the same shall become due and payable, and, solely in the case of this clause (iii), and such failure shall continue unremedied for a period of 10 3 Business Days after the Administrative Agent has given written notice to the Borrower thereofDays; or