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

Borrower's Failure to Pay. The Borrower, any Guarantor, or any European Subsidiary shall fail to pay any amount of principal, interest, fees or other sums as and when due under any of the Loan Documents, or any other Obligations, whether upon stated maturity, acceleration, or otherwise.

Appears in 2 contracts

Samples: Waiver and Amendment Agreement (Selas Corp of America), Waiver and Amendment Agreement (Selas Corp of America)

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Borrower's Failure to Pay. The Borrower, any U.S. Guarantor, or any European Subsidiary shall fail to pay any amount of principal, interest, fees or other sums as and when due under any of the Loan Documents, or any other Obligations, whether upon stated maturity, acceleration, or otherwise.

Appears in 2 contracts

Samples: Third Waiver and Amendment Agreement (Selas Corp of America), Second Waiver and Amendment Agreement (Selas Corp of America)

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