Default in Payment of Principal of Loans and Reimbursement Obligations. The Borrower shall default in any payment of principal of any Loan or Reimbursement Obligation when and as due (whether at maturity, by reason of acceleration or otherwise) and such default shall continue for a period of five (5) Business Days.
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Samples: Credit Agreement (Fastenal Co), Credit Agreement (Buffalo Wild Wings Inc), Credit Agreement (Fastenal Co)
Default in Payment of Principal of Loans and Reimbursement Obligations. The Borrower shall default in any payment of principal of or interest on any Loan or Reimbursement Obligation when and as due (whether at maturity, by reason of acceleration or otherwise) ), and such default shall continue for a period of five (5) three Business Days.
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Samples: Credit Agreement (SolarWinds, Inc.)
Default in Payment of Principal of Loans and Reimbursement Obligations. The Borrower Borrowers shall default in any payment of principal of any Loan or Reimbursement Obligation when and as due (whether at maturity, by reason of acceleration or otherwise) ), and such default shall continue for a period of five three (53) Business Days.
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Samples: Credit Agreement (KMG Chemicals Inc)
Default in Payment of Principal of Loans and Reimbursement Obligations. The Borrower shall default in any payment of principal of any Loan or Reimbursement Obligation when and as due (whether at maturity, by reason of acceleration or otherwise) ), and such default shall continue for a period of five three (53) Business Days.
Appears in 1 contract
Samples: Credit Agreement (KMG Chemicals Inc)
Default in Payment of Principal of Loans and Reimbursement Obligations. The Borrower shall default in any payment of principal of any Loan Loan, Note or Reimbursement Obligation when and as due (whether at maturity, by reason of acceleration or otherwise) ), and such default shall continue unremedied for a period of five two (52) Business Days.
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