Common use of Failure to Make Payments and Deposits Clause in Contracts

Failure to Make Payments and Deposits. The Servicer shall fail to make any payment or deposit required to be made by it hereunder on the date when due and, in each of the foregoing cases, such failure shall continue for two (2) Business Days.

Appears in 4 contracts

Samples: Loan Agreement (Jarden Corp), Loan Agreement (Jarden Corp), Loan Agreement (Jarden Corp)

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Failure to Make Payments and Deposits. The Servicer shall fail to make any payment or deposit required to be made by it hereunder on the date when due and, in each of the foregoing cases, and such failure shall continue for two (2) Business Days.

Appears in 3 contracts

Samples: Loan Agreement (G&k Services Inc), Loan Agreement (G&k Services Inc), Loan Agreement (G&k Services Inc)

Failure to Make Payments and Deposits. The Servicer shall fail to make any payment or deposit required to be made by it hereunder on the date when due and, in each of the foregoing cases, such failure shall continue for two one (21) Business DaysDay in the case of principal and three (3) Business Days in the case of any other Obligation.

Appears in 2 contracts

Samples: Loan Agreement (Bowater Inc), Loan Agreement (Bowater Inc)

Failure to Make Payments and Deposits. The Servicer shall fail to make any payment or deposit required to be made by it hereunder on the date when due and, in each of the foregoing cases, such failure shall continue for two three (23) Business Days.. 50 57

Appears in 1 contract

Samples: Loan Agreement (Choicepoint Inc)

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Failure to Make Payments and Deposits. The Either Servicer shall fail to make any payment or deposit required to be made by it hereunder on the date when due and, in each of the foregoing cases, such failure shall continue for two one (21) Business DaysDay.

Appears in 1 contract

Samples: Loan Agreement (Us Xpress Enterprises Inc)

Failure to Make Payments and Deposits. The Servicer shall fail to make any payment or deposit required to be made by it hereunder on the date when due and, in each of the foregoing cases, such failure shall continue for two one (21) Business DaysDay.

Appears in 1 contract

Samples: Loan Agreement (Interface Inc)

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