Failure to Pay Interest. The Borrower shall fail to pay any interest on any Loan, any fee under any of the Loan Documents or any other Obligation (other than those subject to Section 9.1(a) (Failure to Repay Principal)) and such non-payment continues for a period of five (5) Business Days after the due date therefor; or
Appears in 2 contracts
Samples: Security Agreement (National Steel Corp), Subordinated Credit Agreement (National Steel Corp)
Failure to Pay Interest. The Borrower shall fail to pay any interest on any Loan, any fee under any of the Loan Documents Document or any other Obligation (other than those subject to Section 9.1(a) (Failure to Repay PrincipalEvents of Default)) and such non-payment continues for a period of five (5) Business Days after the due date therefor; or
Appears in 2 contracts
Samples: Credit Agreement (National Steel Corp), Credit Agreement (National Steel Corp)
Failure to Pay Interest. The Borrower shall fail to pay any interest on any Loan, any fee under any of the Loan Documents Document or any other Obligation (other than those subject to Section 9.1(a) (Failure to Repay Principal)) and such non-payment continues for a period of five (5) Business Days after the due date therefor; or
Appears in 1 contract
Samples: Pledge and Security Agreement (National Steel Corp)
