Failure to Make Payments When Due. (i) The Borrower shall fail to pay any principal of any Advance when the same shall become due and payable or (ii) the Borrower shall fail to pay any interest on any Advance, or any Loan Party shall fail to make any other payment under any Loan Document, in each case under this clause (ii) within three Business Days after the same becomes due and payable; or
Appears in 33 contracts
Samples: Credit Agreement (Easterly Government Properties, Inc.), Credit Agreement (Easterly Government Properties, Inc.), Term Loan Agreement (Easterly Government Properties, Inc.)
Failure to Make Payments When Due. (i) The Borrower shall fail to pay any principal of any Advance when the same shall become due and payable or payable, (ii) the Borrower shall fail to pay any interest on any Advance, Advance within three Business Days after the same becomes due and payable or (iii) or any Loan Party shall fail to make any other payment under any Loan Document, in each case under this clause (ii) Document within three five Business Days after the same becomes due and payable; or.
Appears in 10 contracts
Samples: Credit Agreement (Summit Hotel Properties, Inc.), Credit Agreement (Summit Hotel Properties, Inc.), Credit Agreement (Summit Hotel Properties, Inc.)
Failure to Make Payments When Due. (i) The Borrower shall fail to pay any principal of any Advance when the same shall become due and payable or payable, (ii) the Borrower shall fail to pay any interest on any Advance, Advance within three Business Days after the same becomes due and payable or (iii) any Loan Party shall fail to make any other payment under any Loan Document, in each case under this clause (ii) Document within three five Business Days after the same becomes due and payable; or.
Appears in 8 contracts
Samples: Credit Agreement (Summit Hotel Properties, Inc.), Credit Agreement (Summit Hotel Properties, Inc.), Credit Agreement (Summit Hotel Properties, Inc.)
Failure to Make Payments When Due. (i) The Borrower shall fail to pay any principal of any Advance when the same shall become due and payable or payable, (ii) the Borrower shall fail to pay any interest on any Advance, Advance within three (3) Business Days after the same becomes due and payable or (iii) or any Loan Party shall fail to make any other payment under any Loan Document, in each case under this clause Document within five (ii5) within three Business Days after the same becomes due and payable; or.
Appears in 4 contracts
Samples: Credit Agreement (Trinity Place Holdings Inc.), Credit Agreement (Trinity Place Holdings Inc.), Credit Agreement (Trinity Place Holdings Inc.)
Failure to Make Payments When Due. (i) The Borrower shall fail to pay (i) any principal of any Advance Loan when the same shall become becomes due and payable payable; or (ii) the Borrower shall fail to pay any interest on any Advance, Loan or any Loan Party shall fail to make any other payment under any Loan Document, in each case of fees or other amounts payable under this clause (ii) Agreement or any Note within three Business Days five days after the same becomes due and payable; or
Appears in 3 contracts
Samples: Credit Agreement, Credit Agreement (PVH Corp. /De/), Credit Agreement (PVH Corp. /De/)
Failure to Make Payments When Due. (i) The Borrower shall fail to pay any principal of any Advance when the same shall become due and payable or (ii) the Borrower shall fail to pay any interest on any Advance, or any Loan Party shall fail to make any other payment under any Loan Document, in each case under this clause (ii) within three Business Days after the same becomes due and payable; or
Appears in 3 contracts
Samples: Credit Agreement (Easterly Government Properties, Inc.), Term Loan Agreement (Hersha Hospitality Trust), Credit Agreement (Hersha Hospitality Trust)
Failure to Make Payments When Due. (i) The Borrower shall fail to pay any principal of any Advance when the same shall become due and payable or (ii) the Borrower shall fail to pay any interest on any Advance, or any Loan Party shall fail to make any other payment under any Loan Document, in each case under this clause (ii) within three five Business Days after the same becomes due and payable; or
Appears in 2 contracts
Samples: Credit Agreement (American Campus Communities Operating Partnership LP), Credit Agreement (American Campus Communities Inc)
Failure to Make Payments When Due. (i) The Borrower shall fail to pay any principal of any Advance when the same shall become due and payable or (ii) the Borrower shall fail to pay any interest on any Advance, or (iii) any Loan Party shall fail to make any other payment under any Loan Document, in each case under this clause (iiiii) within three five Business Days after the same becomes due and payable; oror (b)
Appears in 1 contract
Samples: Credit Agreement (Granite Point Mortgage Trust Inc.)
Failure to Make Payments When Due. (i) The Borrower Borrowers shall fail to pay any principal of any Term Advance when the same shall become due and payable or (ii) the Borrower Borrowers shall fail to pay any interest on any Term Advance, or any Loan Party shall fail to make any other payment under any Loan Document, in each case under this clause (ii) within three Business Days after the same becomes due and payable; or
Appears in 1 contract
Failure to Make Payments When Due. (i) The Borrower Borrowers shall fail to pay any principal of any Advance when the same shall become due and payable or payable, (ii) the Borrower Borrowers shall fail to pay any interest on any Advance, Advance within three (3) Business Days after the same becomes due and payable or (iii) or any Loan Party shall fail to make any other payment under any Loan Document, in each case under this clause Document within five (ii5) within three Business Days after the same becomes due and payable; or
Appears in 1 contract
Failure to Make Payments When Due. (i) The Any Borrower shall fail to pay any principal of any Advance when the same shall become due and payable or payable, (ii) the any Borrower shall fail to pay any interest on any AdvanceAdvance when the same shall become due and payable, or (iii) any Loan Party shall fail to make any other payment under any Loan Document, in each case Document under this clause (iiiii) within three (3) Business Days after the same becomes due and payableearlier of the date on which (A) a Responsible Officer of any Loan Party obtains actual knowledge of such failure or (B) written notice thereof shall have been given to the Borrower by any Agent or any Lender; or
Appears in 1 contract
Samples: Term Loan Agreement (Hospitality Investors Trust, Inc.)
Failure to Make Payments When Due. (i) The Borrower shall fail to pay any principal of any Advance when the same shall become due and payable or (ii) the Borrower shall fail to pay any interest on any Advance, or any Loan Party shall fail to make any other payment under any Loan Document, in each case under this clause (ii) within three five (5) Business Days after the same becomes due and payable; or
Appears in 1 contract
Samples: Credit Agreement (American Campus Communities Operating Partnership LP)
Failure to Make Payments When Due. (i) The Borrower shall fail to pay any principal of any Advance when the same shall become due and payable or payable,
(ii) the Borrower shall fail to pay any interest on any Advance, Advance within three Business Days after the same becomes due and payable or (iii) or any Loan Party shall fail to make any other payment under any Loan Document, in each case under this clause (ii) Document within three five Business Days after the same becomes due and payable; or.
Appears in 1 contract
Samples: Credit Agreement
Failure to Make Payments When Due. (i) The Borrower shall fail to pay any principal of any Revolving Credit Advance when the same shall become due and payable or (ii) the Borrower shall fail to pay any interest on any Revolving Credit Advance, or any Loan Party shall fail to make any other payment under any Loan Document, in each case under this clause (ii) within three (3) Business Days after the same becomes due and payable; or
Appears in 1 contract
Failure to Make Payments When Due. (i) The Borrower shall fail to pay any principal of any Term Advance when the same shall become due and payable or (ii) the Borrower shall fail to pay any interest on any Term Advance, or any Loan Party shall fail to make any other payment under any Loan Document, in each case under this clause (ii) within three Business Days after the same becomes due and payable; or
Appears in 1 contract
Samples: Term Credit Agreement (Sunstone Hotel Investors, Inc.)
Failure to Make Payments When Due. (i) The Borrower shall fail to pay any principal of any Advance Loan when the same shall become due and payable or (ii) the Borrower shall fail to pay any interest on any AdvanceLoan, or any Loan Party shall fail to make any other payment under any Loan Document, in each case under this clause (ii) within three Business Days after the same becomes due and payable; or
Appears in 1 contract
Samples: Senior Secured Term Loan Agreement (American Campus Communities Inc)
