Common use of Borrower's Failure to Pay Clause in Contracts

Borrower's Failure to Pay. The Borrower's failure to pay any installment payment of principal, interest, the Servicing Fee or any other payment as the same becomes due under the Note and such failure continues for ten (10) days after written notice by City to Borrower and Limited Partner.

Borrower's Failure to Pay. The Borrower's failure to pay any installment payment of principal, interest, the Servicing Fee interest or any other payment as the same becomes due under the Note and such failure continues for ten (10) days after written notice by City to Borrower and Investor Limited Partner.