Common use of Default in Payment Clause in Contracts

Default in Payment. (i) The Borrower shall fail to pay when due under this Agreement or any other Loan Document (whether upon demand, at maturity, by reason of acceleration or otherwise) the principal of, or any interest on, any of the Loans, or shall fail to pay any of the other payment Obligations owing by the Borrower under this Agreement or any other Loan Document; or (ii) 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 in the case of this clause (ii) only, any such failure shall continue for a period of five (5) calendar days thereafter.

Default in Payment. (i) The Borrower or any other Loan Party shall fail to pay (i) when due under this Agreement or any other Loan Document (whether upon demand, at maturity, by reason of acceleration or otherwise) the principal ofof any of the Loans or any Reimbursement Obligation, or (ii) when due under this Agreement, any other Loan Document or the Fee Letter any interest on, any of the LoansLoans or any Reimbursement Obligation, or shall fail to pay any of the other payment Obligations owing by the Borrower under this Agreement or Agreement, any other Loan Document; or (ii) Any other Loan Party shall fail Document or the Fee Letter and, solely with respect to pay when due any payment obligation owing by such Loan Party under any Loan Document to which it is a party and in the case of this clause (ii) only, any such failure shall continue for a period of five (5) calendar days thereafterBusiness Days.

Default in Payment. (i) The Borrower shall fail to pay when due under this Agreement or any other Loan Document (whether upon demand, at maturity, by reason of acceleration or otherwise) the principal of, or any interest on, any of the Loans, or shall fail to pay any of the other payment Obligations owing by the Borrower under this Agreement or any other Loan Document; or (ii) 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 in the case of this clause (ii) only, any such failure shall continue for a period of five (5) 5 calendar days thereafter.

Default in Payment. (i) The Borrower or any other Loan Party shall fail to pay (i) when due under this Agreement or any other Loan Document (whether upon demand, at maturity, by reason of acceleration or otherwise) the principal ofof any of the Loans, or (ii) when due under this Agreement, any other Loan Document or the Fee Letter any interest on, any of the Loans, or shall fail to pay any of the other payment Obligations owing by the Borrower under this Agreement or Agreement, any other Loan Document; or (ii) Any other Loan Party shall fail Document or the Fee Letter and, solely with respect to pay when due any payment obligation owing by such Loan Party under any Loan Document to which it is a party and in the case of this clause (ii) only, any such failure shall continue for a period of five (5) calendar days thereafterBusiness Days.

Default in Payment. (i) The Borrower shall fail to pay when due under this Agreement or any other Loan Document (whether upon demand, at maturity, by reason of acceleration or otherwise) the principal of, or any interest on, any of the Loans, or shall fail to pay any of the other payment Obligations owing by the Borrower under this Agreement or any other Loan Document; or (ii) 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 in the case of this clause (ii) only, any such failure shall continue for a period of five one (51) calendar days day thereafter.

Default in Payment. (i) The Borrower shall fail to pay when due under this Agreement or any other Loan Document (whether upon demand, at maturity, by reason of acceleration or otherwise) the principal of, or any interest on, of any of the Loans, or (ii) the Borrower shall fail to pay when due any interest or any of the other payment Obligations owing by the Borrower under this Agreement or any other Loan Document; or Document and such failure shall continue for a period of five days or (iiiii) Any any other Loan Party shall fail to pay when due any payment obligation Obligation owing by such Loan Party under any Loan Document to which it is a party and in the case of this clause (ii) only, any such failure shall continue for a period of five (5) calendar days thereafterdays.

Default in Payment. The Borrower (i) The Borrower shall fail to pay when due under this Agreement or any other Loan Document (whether upon demand, at maturity, by reason of acceleration or otherwise) the principal of, or any interest on, of any of the Loans, Loans or (ii) 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 Agreement, any other Loan Document; or (ii) Any Document or the Fee Letter or any other Loan Party shall fail to pay when due any payment obligation Obligation owing by such other Loan Party under any Loan Document to which it is a party party, and in the case of this clause (ii) only, any such failure shall continue for a period of five (5) calendar days thereafter5 Business Days.

Default in Payment. (i) The Borrower shall fail to pay when due under this Agreement or any other Loan Document (whether upon demand, at maturity, by reason of acceleration or otherwise) the principal of, or any interest on, any of the Loans, or shall fail to pay any of the other payment Obligations owing by the Borrower under this Agreement or any other Loan Document; or or (ii) Any ii)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 in the case of this clause (ii) only, any such failure shall continue for a period of five (5) calendar days thereafter.

Default in Payment. (i) The Borrower shall fail to pay when due under this Agreement or any other Loan Document (whether upon demand, at maturity, by reason of acceleration or otherwise) (i) the principal of, or any interest on, of any of the LoansLoans or any Reimbursement Obligation, or shall fail to pay (ii) interest or any of the other payment Obligations owing by the Borrower under this Agreement or any other Loan Document; or (ii) Any , or any other Loan Party shall fail to pay when due any payment obligation owing by such Loan Party Party, as applicable under any Loan Document to which it is a party and in the case of such failure under this clause (ii) only, any such failure shall continue for a period of five (5) calendar days thereafterafter the due date thereof.

Default in Payment. (i) The Borrower or any other Loan Party shall fail to pay (i) when due under this Agreement or any other Loan Document (whether upon demand, at maturity, by reason of acceleration or otherwise) the principal of, or any interest on, of any of the Loans, or shall fail to pay (ii) when due under this Agreement, any other Loan Document or the Fee Letter any interest on any of the Loans or any of the other payment Obligations owing by the Borrower under this Agreement or Agreement, any other Loan Document; or (ii) Any other Loan Party shall fail Document or the Fee Letter and, solely with respect to pay when due any payment obligation owing by such Loan Party under any Loan Document to which it is a party and in the case of this clause (ii) only, any such failure shall continue for a period of five (5) calendar days thereafterBusiness Days.

Default in Payment. (i) The Borrower shall fail to pay when due under this Agreement or any other Loan Document (whether upon demand, at maturity, by reason of acceleration or otherwise) the principal of, or any interest on, of any of the LoansLoans or any Reimbursement Obligation, or (ii) the Borrower shall fail to pay when due any interest or any of the other payment Obligations owing by the Borrower under this Agreement or any other Loan Document; or Document and such failure shall continue for a period of five days or (iiiii) Any any other Loan Party shall fail to pay when due any payment obligation Obligation owing by such Loan Party under any Loan Document to which it is a party and in the case of this clause (ii) only, any such failure shall continue for a period of five (5) calendar days thereafterdays.

Default in Payment. (i) The Borrower or any Subsidiary Borrower shall fail to pay when due under this Agreement or any other Loan Document (whether upon demand, at maturity, by reason of acceleration or otherwise) the principal of, or any interest on, any of the Loans, or shall fail to pay any of the other payment Obligations owing by the Borrower or any Subsidiary Borrower under this Agreement or any other Loan Document; or (ii) Any , 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 in the case of this clause (ii) only, any such failure shall continue for a period of five (5) calendar days thereafter.

Default in Payment. (i) The Borrower shall fail to pay when due under this Agreement or any other Loan Document (whether upon demand, at maturity, by reason of acceleration or otherwise) the principal of, or any interest on, of any of the LoansLoans or any Reimbursement Obligation, or (ii) the Borrower shall fail to pay when due any interest or any of the other payment Obligations owing by the Borrower under this Agreement or any other Loan Document; or Document and such failure shall continue for a period of five Business Days or (iiiii) Any any other Loan Party shall fail to pay when due any payment obligation Obligation owing by such Loan Party under any Loan Document to which it is a party and in the case of this clause (ii) only, any such failure shall continue for a period of five (5) calendar days thereafterBusiness Days.