Common use of Default in Payment of Interest and Other Obligations Clause in Contracts

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.

Appears in 2 contracts

Samples: Credit Agreement (Technology Investment Capital Corp), Credit Agreement (Technology Investment Capital Corp)

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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, than those specified in Section 10.1.(a)) and such failure shall continue for a period of three (3) Business Days15 days.

Appears in 1 contract

Samples: Control Agreement (RMR Asia Pacific Real Estate Fund)

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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 Loan 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 Days5 days.

Appears in 1 contract

Samples: Credit Agreement (U-Store-It Trust)

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