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Common use of FAILURE TO MAKE OTHER PAYMENTS Clause in Contracts

FAILURE TO MAKE OTHER PAYMENTS. The failure by the Borrower to pay when due (or upon demand, if payable on demand) any payment Liability other than any payment liability on account of the principal of, or interest on, or fees in respect of, the Revolving Credit, and such failure continues without cure for a period of Five (5) days.

Appears in 2 contracts

Samples: Loan and Security Agreement (Redenvelope Inc), Loan and Security Agreement (Bluefly Inc)

FAILURE TO MAKE OTHER PAYMENTS. The failure by the any Borrower to pay when due (or upon demand, if payable on demand) any payment Liability other than any payment liability on account of the principal of, or interest on, or fees in respect of, the Revolving Credit (including, without limitation, L/C fees) or any other payment Liability (other than any payment liability on account of the principal of the Revolving Credit), and such which failure continues without cure for a period of Five three (53) daysBusiness Days.

Appears in 1 contract

Samples: Loan and Security Agreement (Claires Stores Inc)

FAILURE TO MAKE OTHER PAYMENTS. The failure by the any Borrower to pay when due (or upon demand, if payable on demand) any payment Liability other than any payment liability on account of the principal of, or interest on, or fees in respect of, the Revolving Credit (including, without limitation, L/C fees) or any other payment Liability (other than any payment liability on account of the principal of the Revolving Credit), and such which failure continues without cure for a period of Five five (5) daysBusiness Days.

Appears in 1 contract

Samples: Loan and Security Agreement (Officemax Inc /Oh/)