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

Failure to Make Payments When Due. There shall occur a default in the payment of (i) principal on any of the Loans or any reimbursement obligation with respect to any Letter of Credit; or (ii) interest on any of the Loans or any fee or any other amount owing hereunder or under any other Loan Document when due and such default in payment shall continue for five (5) Business Days; or

Appears in 10 contracts

Samples: Credit Agreement, Credit Agreement (Huntsman CORP), Credit Agreement (Huntsman International LLC)

AutoNDA by SimpleDocs

Failure to Make Payments When Due. There Any Borrower (i) shall occur a default in the payment of (i) principal on any of the Loans or any reimbursement obligation with respect to any Letter of Credit; or (ii) shall default in the payment of interest on any of the Loans or default in the payment of any fee or any other amount owing hereunder or under any other Loan Document Obligation when due and such default in payment of such interest, fee or other Obligation (other than principal) shall continue for five (5) Business Days; or

Appears in 6 contracts

Samples: Credit Agreement (Greif, Inc), Credit Agreement (Greif Inc), Credit Agreement (Greif Inc)

Failure to Make Payments When Due. There Any Borrower (i) shall occur a default in the payment of (i) principal on any of the Loans or any reimbursement obligation with respect to any Letter of Credit; or (ii) shall default in the payment of interest on any of the Loans or default in the payment of any fee or any other amount owing hereunder or under any other Loan Document Obligation when due and such default in payment shall continue for five (5) Business Days; or

Appears in 4 contracts

Samples: Credit Agreement (Ball Corp), Credit Agreement (Ball Corp), Credit Agreement (Greif Inc)

Failure to Make Payments When Due. There Company (i) shall occur a default in the payment of (i) principal on any of the Loans or any reimbursement obligation with respect to any Letter of Credit; or (ii) shall default in the payment of interest on any of the Loans or default in the payment of any fee or any other amount owing hereunder or under any other Loan Document Obligation when due and such default in payment shall continue for five (5) Business Days; or

Appears in 3 contracts

Samples: Credit Agreement (Ball Corp), Credit Agreement (Ball Corp), Credit Agreement (Ball Corp)

Failure to Make Payments When Due. There Any Borrower (i) shall occur a default in the payment of (i) principal on any of the Loans or any reimbursement obligation with respect to any Letter of Credit; or (ii) shall default in the payment of interest on any of the Loans or default in the payment of any fee or any other amount owing hereunder or under any other Loan Document Obligation when due and such default in payment shall continue for five (5) 5 Business Days; or

Appears in 3 contracts

Samples: Credit Agreement (BALL Corp), Credit Agreement (BALL Corp), Credit Agreement (Ball Corp)

Failure to Make Payments When Due. There Any Borrower (i) shall occur a default in the payment of (i) principal on any of the Loans Loans, the face amount of any B/A Loan or any reimbursement obligation with respect to any Letter of Credit; or (ii) shall default in the payment of interest on any of the Loans or default in the payment of any fee or any other amount owing hereunder or under any other Loan Document Obligation when due and such default in payment shall continue for five (5) Business Days; or

Appears in 2 contracts

Samples: Credit Agreement (Ball Corp), Credit Agreement (Ball Corp)

Failure to Make Payments When Due. There Borrower (i) shall occur a default in the payment of (i) principal on any of the Loans or any reimbursement obligation with respect to any Letter of CreditLoans; or (ii) shall default in the payment of interest on any of the Loans or default in the payment of any fee or any other amount owing hereunder or under any other Loan Document when due and such default in payment shall continue for five (5) Business Days; or

Appears in 2 contracts

Samples: Credit Agreement (Huntsman LLC), Credit Agreement (Huntsman Petrochemical Finance Co)

Failure to Make Payments When Due. There Any Borrower (i) shall occur a default in the payment of (i) principal on any of the Loans or any reimbursement obligation with respect to any Letter of Credit; or (ii) shall default in the payment of interest on any of the Loans or default in the payment of any fee or any other amount owing hereunder or under any other Loan Document when due and such default in payment shall continue for five three (53) Business Days; or

Appears in 2 contracts

Samples: Credit Agreement (Glatfelter P H Co), Credit Agreement (Glatfelter P H Co)

Failure to Make Payments When Due. There A Borrower (i) shall occur a default in the payment of (i) principal on any of the Loans or any reimbursement obligation with respect to any Letter of Credit; or (ii) shall default in the payment of interest on any of the Loans or default in the payment of any fee or any other amount owing hereunder or under any other Loan Document when due and such default in payment shall continue for five (5) Business Days; or

Appears in 2 contracts

Samples: Revolving Credit Agreement (Huntsman Petrochemical Finance Co), Revolving Credit Agreement (Huntsman LLC)

Failure to Make Payments When Due. There The Borrower (i) shall occur a default in the payment of (i) principal on any of the Loans or any reimbursement obligation with respect to any Letter of Credit; or (ii) shall default in the payment of interest on any of the Loans or default in the payment of any fee or any other amount owing hereunder or under any other Loan Document when due and such default in payment shall continue for five (5) Business Days; or

Appears in 1 contract

Samples: Credit Agreement (Huntsman International LLC)

Failure to Make Payments When Due. There Borrower (i) shall occur a default in the payment of (i) principal on any of the Loans or any reimbursement obligation with respect to any Letter of Credit; or (ii) shall default in the payment of interest on any of the Loans or default in the payment of any fee or any other amount owing hereunder or under any other Loan Document when due and such default in payment shall continue for five three (53) Business Days; oror 102

Appears in 1 contract

Samples: Credit Agreement (Gaylord Container Corp /De/)

AutoNDA by SimpleDocs

Failure to Make Payments When Due. There Any Borrower (i) shall occur a default in the payment of (i) principal on any of the Loans or any reimbursement obligation with respect to 127 129 any Letter of Credit; or (ii) shall default in the payment of interest on any of the Loans or default in the payment of any fee or any other amount owing hereunder or under any other Loan Document when due and such default in payment shall continue for five three (53) Business Days; or

Appears in 1 contract

Samples: Credit Agreement (Natg Holdings LLC)

Failure to Make Payments When Due. There shall occur a default in the payment of (i) principal on any of the Loans or any reimbursement obligation with respect to any Letter of CreditCredit when due; or (ii) interest on any of the Loans or any fee pursuant to Section 2.09 when due and such default in payment shall continue for five (5) Business Days; or (iii) any other amount owing hereunder or under any other Loan Document when due and such default in payment shall continue for five ten (510) Business Daysdays; or

Appears in 1 contract

Samples: Security Agreement (W R Grace & Co)

Failure to Make Payments When Due. There The Borrower (i) shall occur a default in the payment of (i) principal on any of the Loans or any reimbursement obligation with respect to any Letter of CreditLoans; or (ii) shall default in the payment of interest on any of the Loans or default in the payment of any fee or any other amount owing hereunder or under any other Loan Document Obligation when due and such default in payment of such interest, fee or other Obligation (other than principal) shall continue for five (5) Business Days; or

Appears in 1 contract

Samples: Credit Agreement (Greif, Inc)

Failure to Make Payments When Due. There Borrower (i) shall occur a default in the payment of (i) principal when due on any of the Loans or any reimbursement obligation with respect to any Letter of CreditLoans; or (ii) shall default in the payment of interest on any of the Loans or default in the payment of any fee or any other amount owing hereunder or under any other Loan Credit Document when due and such default in payment shall continue unremedied for five thirty (530) Business Daysor more days; or

Appears in 1 contract

Samples: Term Loan Agreement (Alpine Group Inc /De/)

Failure to Make Payments When Due. There shall occur a default in the payment of (i) principal on any of the Loans or any reimbursement obligation with respect to any Letter of Credit; or (ii) interest on any of the Loans or any fee or any other amount owing hereunder or under any other Loan Document when due and such default in payment shall continue for five (5) Business Days; oror 125

Appears in 1 contract

Samples: Credit Agreement (Huntsman International LLC)

Failure to Make Payments When Due. There Borrower (i) shall occur a default in the payment of (i) principal on any of the Loans or any reimbursement obligation with respect to any Letter of Credit; or (ii) shall default in the payment of interest on any of the Loans or default in the payment of any fee or any other amount owing hereunder or under any other Loan Document when due and such default in payment shall continue for five three (53) Business Days; or

Appears in 1 contract

Samples: Credit Agreement (Irwin Telecom Services Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!