Default in Payment of Interest and Other Obligations Sample Clauses

Default in Payment of Interest and Other Obligations. The Borrower shall fail to pay when due any interest on any of the Loans or any of the other payment Obligations owing by the Borrower under this Agreement or any other Loan Document, or any other Loan Party shall fail to pay when due any payment Obligation owing by such other Loan Party under any Loan Document to which it is a party, and such failure shall continue for a period of 5 Business Days.
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Default in Payment of Interest and Other Obligations. (i) The Borrower shall fail to pay when due any interest on any of the Loans, and such failure shall continue for a period of 5 Business Days or (ii) the Borrower shall fail to pay when due any of the other payment Obligations owing by the Borrower under this Agreement or any other Loan Document, or any other Loan Party shall fail to pay when due any payment Obligation owing by such other Loan Party under any Loan Document to which it is a party, and in each case, such failure shall continue for a period of ten (10) calendar days after the date on which the Borrower or such Loan Party receives notice of such failure from the Agent.
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Default in Payment of Interest and Other Obligations. The Borrower shall fail to pay when due any interest on any of the Loans or any of the other payment Obligations owing by the Borrower under this Agreement or any other Loan Document, and such failure shall continue for a period of three (3) Business Days.
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Default in Payment of Interest and Other Obligations. The Borrower shall fail to pay when due any interest on any of the Loans or any other Obligations owing by the Borrower under this Agreement or any other Loan Document and such failure shall continue for a period of 5 Business Days after the earlier of (i) the date upon which the Borrower obtains knowledge of such failure or (ii) the date upon which the Borrower has received written notice of such failure from the Agent.
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Default in Payment of Interest and Other Obligations. Borrower shall fail to pay any interest on the Term Loan or Borrower shall fail to pay any other payment Obligations owing by Borrower under this Agreement or any other Loan Document, in each case, within 15 days of the due date therefor.
Sample 1
Default in Payment of Interest and Other Obligations. The Borrower shall fail to pay when due any interest on any of the Loans or any of the other payment Obligations owing by the Borrower under this Agreement or any other Loan Document, or any other Loan Party shall fail to pay when due any payment Obligation owing by such Loan Party under any Loan Document to which it is a party and such failure shall continue for a period of 2 days after the earlier of (i) the date upon which the Borrower or such Loan Party obtains knowledge of such failure or (ii) the date upon which the Borrower has received written notice of such failure from the Agent.
Sample 1
Default in Payment of Interest and Other Obligations. The Borrower shall fail to pay when due (i) any interest on any of the Loans and in the case of this clause (i) only such failure shall continue for a period of 5 Business Days, or (ii) any of the other payment Obligations (other than Obligations referred to in Section 10.1.(a) and 10.1(b)(i)) owing by the Borrower under this Agreement or any other Loan Document, or any other Loan Party shall fail to pay when due any payment Obligation owing by such other Loan Party under any Loan Document to which it is a party, and in the case of this clause (ii) only such failure shall continue, with respect to any Fees, for a period of 10 Business Days, and with respect to any other Obligations referred to in Section 10.1.(b)(ii) (but not Fees), for a period of 5 Business Days.
Sample 1
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Default in Payment of Interest and Other Obligations. The Borrower shall fail to pay when due any interest on any of the Loans or shall fail to pay when due any of the other payment Obligations owing by the Borrower under this Agreement or any other Loan Document or the Fee Letter, or any other Obligor shall fail to pay when due any payment Obligation owing by such other Obligor under any Loan Document to which it is a party, and such failure shall continue for a period of five (5) Business Days from the date upon which the applicable Obligor received notice that such Obligation was payable.
Sample 1
Default in Payment of Interest and Other Obligations. The Borrower shall fail to pay when due any interest on any of the Loans or on any Reimbursement Obligations, or shall fail to pay when due any of the other payment Obligations owing by the Borrower under this Agreement or any other Loan Document or the Fee Letter, or any other Loan Party shall fail to pay when due any payment Obligation owing by such other Loan Party under any Loan Document to which it is a party, and such failure shall continue for a period of five (5) Business Days from the date upon which the applicable Loan Party received notice that such Obligation was payable.
Sample 1

Related to Default in Payment of Interest and Other Obligations

  • Default in Payment Any payment not made within ten (10) business days after it is due in accordance with this Agreement shall thereafter bear interest, compounded annually, at the prime rate in effect from time to time at Citibank, N.A., or any successor thereto. Such interest shall be payable at the same time as the corresponding payment is payable.

  • Default in Payment of Principal The Borrower shall fail to pay when due (whether upon demand, at maturity, by reason of acceleration or otherwise) the principal of any of the Loans, or any Reimbursement Obligation.

  • Default in Performance (i) Any Loan Party shall fail to perform or observe any term, covenant, condition or agreement on its part to be performed or observed and contained in Section 8.4.(h) or Article IX.; or

  • Default in Other Agreements (i) Failure by Holdings, the Borrower or any of its Restricted Subsidiaries to pay when due any principal of or interest on or any other amount payable in respect of one or more items of Indebtedness (other than Indebtedness referred to in clause (a) above) with an aggregate outstanding principal amount exceeding the Threshold Amount, in each case beyond the grace period, if any, provided therefor; or (ii) breach or default by Holdings, the Borrower or any of its Restricted Subsidiaries with respect to any other term of (A) one or more items of Indebtedness with an aggregate outstanding principal amount exceeding the Threshold Amount or (B) any loan agreement, mortgage, indenture or other agreement relating to such item(s) of Indebtedness (other than, for the avoidance of doubt, with respect to Indebtedness consisting of Hedging Obligations, termination events or equivalent events pursuant to the terms of the relevant Hedge Agreement which are not the result of any default thereunder by any Loan Party or any Restricted Subsidiary), in each case beyond the grace period, if any, provided therefor, if the effect of such breach or default is to cause, or to permit the holder or holders of such Indebtedness (or a trustee or agent on behalf of such holder or holders) to cause, such Indebtedness to become or be declared due and payable (or redeemable) prior to its stated maturity or the stated maturity of any underlying obligation, as the case may be; provided that clause (ii) of this paragraph (b) shall not apply to secured Indebtedness that becomes due as a result of the voluntary sale or transfer of the property securing such Indebtedness if such sale or transfer is permitted hereunder; provided, further, that any failure described under clauses (i) or (ii) above is unremedied and is not waived by the holders of such Indebtedness prior to any termination of the Commitments or acceleration of the Loans pursuant to this Article VII; or

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