Common use of Failure to Pay Expenses Clause in Contracts

Failure to Pay Expenses. Borrower shall fail to make any payment of any expenses payable under any Loan Document, and such failure shall have remained uncured for a period of ten (10) days after Borrower has received notice of such failure from Lender; provided that the failure to make such payment may only be cured by paying the amount due together with interest on such amount at the Default Rate.

Appears in 3 contracts

Samples: Credit Agreement (Ml Macadamia Orchards L P), Credit Agreement (Ml Macadamia Orchards L P), Credit Agreement (Ml Macadamia Orchards L P)

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Failure to Pay Expenses. Borrower shall fail to make any payment of any expenses payable under any Loan Document, and such failure shall have remained uncured for a period of ten (10) days after Borrower has received notice of such failure from Lender; provided that the failure to make such payment may only be cured by paying the amount due together with interest on such amount at the Default Rate.. 104

Appears in 1 contract

Samples: Credit Agreement (Ml Macadamia Orchards L P)

Failure to Pay Expenses. Borrower shall fail to make any payment ----------------------- of any expenses payable under any Loan Document, and such failure shall have remained uncured for a period of ten (10) days after Borrower has received notice of such failure from LenderAgent; provided that the failure to make such -------- payment may only be cured by paying the amount due together with interest on such amount at the Default Rate.

Appears in 1 contract

Samples: Credit Agreement (Beringer Wine Estates Holdings Inc)

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Failure to Pay Expenses. Borrower shall fail to make any ----------------------- payment of any expenses payable under any Loan Document, and such failure shall have remained uncured for a period of ten (10) days after Borrower has received notice of such failure from LenderAgent; provided that the failure to make such -------- payment may only be cured by paying the amount due together with interest on such amount at the Default Rate.

Appears in 1 contract

Samples: Credit Agreement (Beringer Wine Estates Holdings Inc)

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