Common use of FAILURE OF PAYMENT Clause in Contracts

FAILURE OF PAYMENT. If Borrower fails to pay any principal, interest or other amount due, under this Agreement or with respect to any Loan on the date due (whether on a scheduled payment date or otherwise) and in the manner provided herein;

Appears in 3 contracts

Samples: Credit Agreement (Cell Genesys Inc), Credit Agreement (Vertex Pharmaceuticals Inc / Ma), Credit Agreement (Genzyme Transgenics Corp)

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FAILURE OF PAYMENT. If Borrower fails to pay any principal, interest principal or other amount due, under this Agreement or with respect to any Loan on the date due (whether on a scheduled payment date or otherwise) and in the manner provided herein or if Borrower fails to pay any interest with respect to any Loan within two (2) days of the date due and in the manner provided herein;

Appears in 1 contract

Samples: Credit Agreement (Btu International Inc)

FAILURE OF PAYMENT. If the Borrower fails to pay any principal, interest or other amount due, due under this Agreement or with respect to any Loan the Revolving Loans on the date due (whether on a scheduled payment date by acceleration, after default or otherwise) and in the manner provided herein;

Appears in 1 contract

Samples: Pledge and Security Agreement (Whitehead Duncan)

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FAILURE OF PAYMENT. If any Borrower fails to pay any principal, interest or other amount due, due under this Agreement or with respect to any of the Loan Documents (as the same are hereby modified) on the date due (whether on a scheduled payment date or otherwise) and in the manner provided hereinherein or therein;

Appears in 1 contract

Samples: Forbearance Agreement (Wpi Group Inc)

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