Common use of Failure to Pay Monies Due Clause in Contracts

Failure to Pay Monies Due. If the Borrower shall fail to pay, when due, any principal or interest under any Note or other Indebtedness when due or shall default in an obligation described in Section 6.1 or 6.2 hereof and such failure or default shall continue for a period in excess of three (3) Business Days after notice by Bank to Borrower thereof.

Failure to Pay Monies Due. If the Borrower shall fail to pay, when due, any principal or interest under any Note or other Indebtedness when due or shall default in an obligation described in Section 6.1 5.1 or 6.2 5.2 hereof and such failure or default shall continue for a period in excess of three (3) Business Days after notice by Bank to Borrower thereof.

Failure to Pay Monies Due. If the any Borrower shall fail to pay, when due, any principal or interest under any Note or other Indebtedness when due or shall default in an obligation described in Section 6.1 5.1 or 6.2 5.2 hereof and such failure or default shall continue for a period in excess of three (3) Business Days after notice by Bank to Borrower thereof.

Failure to Pay Monies Due. If the Borrower Borrowers shall fail to pay, when due, any principal or interest under any the Revolving Credit Note or any other Indebtedness Obligations owed under this Agreement or if any Borrower or Subsidiary shall fail to pay, when due due, any other indebtedness, obligation or shall default liability whatsoever to the Bank, and in an obligation described in Section 6.1 or 6.2 hereof and the case of (a) any failure to pay interest under the Revolving Credit Note when due, such failure or default shall continue not be cured within five (5) days (there is no grace period for a period in excess of three (3) Business Days after notice by Bank to Borrower thereofany payments due other than interest payments).