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

Borrower's Failure to Pay. The Borrower fails to pay any amount of principal interest, fees or other sums as and when due under this Agreement or any of the Loan Documents, or any other Obligations, whether upon stated maturity, acceleration, or otherwise and has not remedied and fully cured such failure to pay within ten (10) Business Days after the date such payment is so due.

Appears in 2 contracts

Samples: Loan Agreement (Blonder Tongue Laboratories Inc), Loan Agreement (Blonder Tongue Laboratories Inc)

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Borrower's Failure to Pay. The Borrower fails Borrowers fail to pay any amount of principal principal, interest, fees or other sums as and when due under this Agreement or any of the Loan Documents, or any other Obligations, whether upon stated maturity, acceleration, or otherwise and has have not remedied and fully cured such failure to pay within ten (10) Business Days after the date such payment is so due.

Appears in 2 contracts

Samples: Loan Agreement (Nutrition Management Services Co/Pa), Loan Agreement (Nutrition Management Services Co/Pa)

Borrower's Failure to Pay. The Borrower fails to pay any amount of principal principal, interest, fees or other sums as and when due under this Agreement or Agreement, any of the other Loan Documents, any other Obligation or any other ObligationsSwap Agreement, whether upon stated maturity, acceleration, or otherwise and has not remedied and fully cured such failure to pay within ten (10) Business Days after the date such payment is so due.

Appears in 1 contract

Samples: Fourth Amended and Restated Loan Agreement (Blonder Tongue Laboratories Inc)

Borrower's Failure to Pay. The Borrower fails to pay any amount ------------------------- of principal interest, fees or other sums as and when due under this Agreement or any of the Loan Documents, or any other Obligations, whether upon stated maturity, acceleration, or otherwise and has not remedied and fully cured such failure to pay within ten five (105) Business Days after the date such payment is so due.

Appears in 1 contract

Samples: Revolving Credit Agreement (Centocor Diagnostics Inc)

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Borrower's Failure to Pay. The Borrower fails Borrowers jointly or severally fail to pay any amount of principal principal, interest, fees or other sums as and when due under this Agreement or any of the Loan Documents, or any other Obligations, whether upon stated maturity, acceleration, or otherwise and has have not remedied and fully cured such failure to pay within ten (10) Business Days after the date such payment is so due.

Appears in 1 contract

Samples: Loan and Agency Agreement (Intermagnetics General Corp)

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