Failure to Pay Interest. The Borrower fails to pay or cause to be paid any part of the Lending Facility Interest Payment Amount when due, and such failure continues for five (5) Business Days after the due date; or
Appears in 22 contracts
Samples: Credit and Security Agreement (ACAR Leasing Ltd.), Credit and Security Agreement (ACAR Leasing Ltd.), Credit and Security Agreement (ACAR Leasing Ltd.)
Failure to Pay Interest. The Borrower fails to pay or cause to be paid any part of the Lending Revolving Facility Interest Payment Distributable Amount when due, and such failure continues for five (5) Business Days after the due date; or
Appears in 3 contracts
Samples: Collateral Agency Agreement (Mercedes-Benz Auto Lease Trust 2023-A), Collateral Agency Agreement (Mercedes-Benz Auto Lease Trust 2023-A), Collateral Agency Agreement (Daimler Trust)
Failure to Pay Interest. The Borrower fails Borrowers fail to pay or cause to be paid any part of the Lending Revolving Facility Interest Payment Amount when due, and such failure continues for five (5) 5 Business Days after the due date; or
Appears in 1 contract
