Common use of Failure to Make Payments When Due Clause in Contracts

Failure to Make Payments When Due. Nonpayment of (a) principal of any Loan when due, or (b) interest upon any Loan, any Commitment Fee or other payment Obligations under any of the Loan Documents within five (5) Business Days after such interest, fee or other Obligation becomes due.

Appears in 11 contracts

Samples: Revolving Credit Agreement (Walgreens Boots Alliance, Inc.), Delayed Draw Term Loan Credit Agreement (Walgreens Boots Alliance, Inc.), Revolving Credit Agreement (Walgreens Boots Alliance, Inc.)

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Failure to Make Payments When Due. Nonpayment of (a) principal of any Loan when duedue or the Borrower’s obligation under Section 2.03(f) when due to reimburse an Issuing Lender the amount of each draft under a Letter of Credit paid by such Issuing Lender, or (b) interest upon any Loan, any Commitment Fee or other payment Obligations under any of the Loan Documents within five (5) Business Days after such interest, fee or other Obligation becomes due.

Appears in 9 contracts

Samples: Credit Agreement (GXO Logistics, Inc.), Credit Agreement (Salesforce, Inc.), Credit Agreement (GXO Logistics, Inc.)

Failure to Make Payments When Due. Nonpayment of (a) principal of any Loan when due, or (b) interest upon any Loan, any Commitment Ticking Fee or other payment Obligations under any of the Loan Documents within five (5) Business Days after such interest, fee or other Obligation becomes due.

Appears in 8 contracts

Samples: Term Loan Credit Agreement (GXO Logistics, Inc.), Bridge Term Loan Credit Agreement (GXO Logistics, Inc.), Bridge Term Loan Credit Agreement (GXO Logistics, Inc.)

Failure to Make Payments When Due. Nonpayment of (a) principal of any Loan when due, or (b) interest upon any Loan, any Commitment Fee fee or other payment Obligations under any of the Loan Documents within five (5) Business Days after such interest, fee or other Obligation becomes due.

Appears in 5 contracts

Samples: Term Loan Credit Agreement (Walgreens Boots Alliance, Inc.), Term Loan Credit Agreement (Walgreens Boots Alliance, Inc.), Term Loan Credit Agreement (Walgreens Boots Alliance, Inc.)

Failure to Make Payments When Due. Nonpayment of (a) principal of any Loan or Reimbursement Obligation when due, or (b) ; nonpayment of interest upon on any Loan, commitment fees or L/C Fees, in each case within five days after the same becomes due; or nonpayment of any Commitment Fee other fees or any other payment Obligations obligations under any of the Loan Documents within five (5) Business Days ten days after such interest, fee or other Obligation the same becomes due.

Appears in 5 contracts

Samples: Amendment and Restatement Agreement (Meritor Inc), Amendment and Restatement Agreement (Meritor Inc), Credit Agreement (Meritor Inc)

Failure to Make Payments When Due. Nonpayment of (ai) principal of any Loan when due, (ii) any Reimbursement Obligation within one (1) Business Day after the same becomes due, or (biii) interest upon any Loan, Loan or Reimbursement Obligation or any Commitment Fee, LC Fee or other payment Obligations under any of the Loan Documents within five (5) Business Days after such interest, fee or other Obligation becomes due.

Appears in 4 contracts

Samples: 5 Year Revolving Credit Agreement (Applebees International Inc), Revolving Credit Agreement (Applebees International Inc), Revolving Credit Agreement (Applebees International Inc)

Failure to Make Payments When Due. Nonpayment of (a) principal of any Revolving Loan when due, or (b) interest upon any Revolving Loan, any Commitment Fee or other payment Obligations under any of the Loan Documents within five (5) Business Days after such interest, fee or other Obligation becomes due.

Appears in 3 contracts

Samples: Revolving Credit Agreement (Walgreens Boots Alliance, Inc.), Revolving Credit Agreement (Walgreens Boots Alliance, Inc.), Revolving Credit Agreement (Walgreens Boots Alliance, Inc.)

Failure to Make Payments When Due. Nonpayment of (ai) principal of any Loan when due, (ii) any Reimbursement Obligation within one (1) Business Day after the same becomes due, or (biii) interest upon any LoanLoan or any Facility Fee, any Commitment Utilization Fee, LC Fee or other payment Obligations under any of the Loan Documents within five (5) Business Days after such interest, fee or other Obligation becomes due.

Appears in 3 contracts

Samples: 5 Year Revolving Credit Agreement (Acuity Brands Inc), 364 Day Revolving Credit Agreement (L&c Spinco Inc), Revolving Credit Agreement (Acuity Brands Inc)

Failure to Make Payments When Due. Nonpayment of (ai) principal of any Loan when due, (ii) any Reimbursement Obligation within one (1) Business Day after the same becomes due, or (biii) interest upon any LoanLoan or any Facility Fee, any Commitment LC Fee or other payment Obligations arising under any of the Loan Documents within five (5) Business Days after such interest, fee or other Obligation becomes due.

Appears in 3 contracts

Samples: Credit Agreement (Acuity Brands Inc), Credit Agreement (Acuity Brands Inc), Credit Agreement (Acuity Brands Inc)

Failure to Make Payments When Due. Nonpayment of (a) principal of any Loan when due, or (b) interest upon any Loan, any Revolving Commitment Fee or other payment Obligations under any of the Loan Documents within five (5) Business Days after such interest, fee or other Obligation becomes due.

Appears in 3 contracts

Samples: Credit Agreement (Walgreens Boots Alliance, Inc.), Credit Agreement (Walgreens Boots Alliance, Inc.), Credit Agreement (Walgreens Boots Alliance, Inc.)

Failure to Make Payments When Due. Nonpayment of (a) principal of any Loan when due, or (b) interest upon any Loan, any Commitment Fee Loan or other payment Obligations under any of the Loan Documents within five (5) Business Days after such interest, fee or other Obligation becomes due.

Appears in 3 contracts

Samples: Delayed Draw Term Loan Credit Agreement (Walgreens Boots Alliance, Inc.), Delayed Draw Term Loan Credit Agreement (Walgreens Boots Alliance, Inc.), Term Loan Credit Agreement (Walgreens Boots Alliance, Inc.)

Failure to Make Payments When Due. Nonpayment of (a) principal of any Loan when due, or (b) interest upon any Loan, any Commitment Fee, any Minimum Average Percentage Utilization Fee or other payment Obligations under any of the Loan Documents within five (5) Business Days after such interest, fee or other Obligation becomes due.

Appears in 3 contracts

Samples: Revolving Credit Agreement (Walgreens Boots Alliance, Inc.), Term Loan Credit Agreement (Walgreens Boots Alliance, Inc.), Revolving Credit Agreement (Walgreens Boots Alliance, Inc.)

Failure to Make Payments When Due. Nonpayment of (ai) principal of any Loan when due, (ii) nonpayment of any Reimbursement Obligation within one Business Day after the same becomes due, or (biii) interest upon any Loan, Credit Extension or any Commitment Fee, LC Fee or other payment Obligations under any of the Loan Documents within five (5) Business Days after such interest, fee or other Obligation becomes duedue and payable.

Appears in 2 contracts

Samples: Credit Agreement (Insurance Auto Auctions Inc /Ca), Credit Agreement (Insurance Auto Auctions Inc /Ca)

Failure to Make Payments When Due. Nonpayment of (a) principal of any Loan when due, due or (b) interest upon any Loan, any Commitment Fee or other payment Obligations under any of the Loan Documents within five (5) Business Days after such interest, fee or other Obligation becomes due.

Appears in 2 contracts

Samples: Credit Agreement (SALESFORCE.COM, Inc.), Credit Agreement (Salesforce Com Inc)

Failure to Make Payments When Due. Nonpayment of (ai) principal of any Loan when due, (ii) any Reimbursement Obligation within one (1) Business Day after the same becomes due, or (biii) interest upon any LoanLoan or any Facility Fee, any Commitment LC Fee or other payment Obligations under any of the Loan Documents within five (5) Business Days after such interest, fee or other Obligation becomes due.

Appears in 2 contracts

Samples: 5 Year Revolving Credit Agreement (Zep Inc.), Revolving Credit Agreement (Acuity Brands Inc)

Failure to Make Payments When Due. Nonpayment of (ai) principal of any Revolving Loan when due, or (bii) interest upon any LoanRevolving Loan or any Facility Fee, any Commitment Utilization Fee or other payment Obligations under any of the Loan Documents within five (5) Business Days after such interest, fee or other Obligation becomes due.

Appears in 2 contracts

Samples: 364 Day Revolving Credit Agreement (Acuity Brands Inc), 364 Day Revolving Credit Agreement (Acuity Brands Inc)

Failure to Make Payments When Due. Nonpayment of (a) principal of any Loan when due, due or (b) interest upon any Loan, any Commitment Fee fee or other payment Obligations under any of the Loan Documents within five (5) Business Days after such interest, fee or other Obligation becomes due.

Appears in 2 contracts

Samples: Backstop Bridge Term Loan Credit Agreement (Walgreens Boots Alliance, Inc.), Bridge Term Loan Credit Agreement (Walgreens Boots Alliance, Inc.)

Failure to Make Payments When Due. Nonpayment of (ai) principal of any Loan when due, (ii) any Reimbursement Obligation within one (1) Business Day after the same becomes due, or (biii) interest upon any Loan, Loan or any Commitment Fee, LC Fee or other payment Obligations under any of the Loan Documents within five (5) Business Days after such interest, fee or other Obligation becomes due.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Johnson Outdoors Inc), Revolving Credit Agreement (Johnson Outdoors Inc)

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Failure to Make Payments When Due. Nonpayment of (ai) principal of any Loan when due, or (bii) interest upon any Loan, Loan or any Commitment Fee or other payment Obligations under any of the Loan Documents within five (5) Business Days three days after such interest, fee or other Obligation becomes duedue and payable.

Appears in 1 contract

Samples: Credit Agreement (FBL Financial Group Inc)

Failure to Make Payments When Due. Nonpayment of (a) principal of any Loan when due, nonpayment of any Reimbursement Obligation within one Business Day after the same becomes due, nonpayment of interest on any Loan within five days after the same becomes due, or (b) interest upon nonpayment of fees or any Loan, any Commitment Fee or other payment Obligations obligations under any of the Loan Documents within five (5) Business Days ten days after such interest, fee or other Obligation the same becomes due.

Appears in 1 contract

Samples: Credit Agreement (Arvinmeritor Inc)

Failure to Make Payments When Due. Nonpayment of (a) principal of any Loan when due, or (b) interest upon any Loan, any Commitment Fee Loan or other fees or other payment Obligations under any of the Loan Documents within five (5) Business Days after such interest, fee interest or other Obligation becomes due.

Appears in 1 contract

Samples: 364 Day Bridge Term Loan Agreement (Walgreen Co)

Failure to Make Payments When Due. Nonpayment of (ai) principal of any Loan when due, or (bii) interest upon any Loan, Loan or any Commitment Unused Fee or other payment Obligations under any of the Loan Documents within five (5) Business Days three days after such interest, fee or other Obligation becomes due.due and payable. SIDLEY XXXXXX XXXXX & XXXX LLP

Appears in 1 contract

Samples: Credit Agreement (Argonaut Group Inc)

Failure to Make Payments When Due. Nonpayment of (a) principal of any Loan when due, due or (b) interest upon any Loan, any Commitment Fee Loan or other payment Obligations under any of the Loan Documents within five (5) Business Days after such interest, fee or other Obligation becomes due.

Appears in 1 contract

Samples: Credit Agreement (Salesforce Com Inc)

Failure to Make Payments When Due. Nonpayment of (a) principal of any Loan when due, nonpayment of any Reimbursement Obligation within one (1) Business Day after the same becomes due, or (b) nonpayment of interest upon any Loan, Loan or of any Commitment Fee, LC Fee or other payment Obligations under any of the Loan Documents within five (5) Business Days after such interest, fee or other Obligation the same becomes due.

Appears in 1 contract

Samples: Credit Agreement (Blueknight Energy Partners, L.P.)

Failure to Make Payments When Due. Nonpayment of (a) principal of any Loan or any L/C Obligation when due, or (b) interest upon any LoanLoan or any L/C Obligation, any Commitment Fee, any Letter of Credit Fee (including an amount necessary to Cash Collateralize any L/C Obligation) or other payment Obligations under any of the Loan Documents within five (5) Business Days after such interest, fee or other Obligation becomes due.

Appears in 1 contract

Samples: Revolving Credit Agreement (Walgreens Boots Alliance, Inc.)

Failure to Make Payments When Due. Nonpayment of (a) principal of any --------------------------------- Syndicated Loan when due, or (b) nonpayment of interest upon any LoanSyndicated Loan or of any Facility Fee, any Commitment Utilization Fee or other payment Obligations under any of the Loan Documents within five (5) Business Days after such interest, fee or other Obligation the same becomes due.

Appears in 1 contract

Samples: 364 Day Credit Agreement (Mead Corp)

Failure to Make Payments When Due. Nonpayment of (ai) principal of any Loan when due, or (bii) interest upon any Loan, Loan or any Commitment Fee or other payment Obligations under any of the Loan Documents within five (5) Business Days after such interest, fee or other Obligation becomes duedue and payable.

Appears in 1 contract

Samples: Credit Agreement (Insurance Auto Auctions Inc /Ca)

Failure to Make Payments When Due. Nonpayment of (a) principal of any --------------------------------- Loan when due, or (b) nonpayment of interest upon any LoanLoan or of any Facility Fee, any Commitment Utilization Fee or other payment Obligations under any of the Loan Documents within five (5) Business Days after such interest, fee or other Obligation the same becomes due.

Appears in 1 contract

Samples: 5 Year Revolving Credit Agreement (Mead Corp)

Failure to Make Payments When Due. Nonpayment of (a) principal of any Loan when due, or (b) interest upon any Loan, Loan or any Commitment Fee or other payment Obligations under any of the Loan Documents within five (5) Business Days after such interest, fee or other Obligation becomes due.

Appears in 1 contract

Samples: 5 Year Term Loan Credit Agreement (GXO Logistics, Inc.)

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