Common use of Failure to Pay Principal, Interest, Etc Clause in Contracts

Failure to Pay Principal, Interest, Etc. The Company fails (1) to pay the principal, the Optional Redemption Price or the Repurchase Price hereof when due, whether at maturity, upon acceleration or otherwise, as applicable, or (2) to pay any installment of interest hereon when due; or

Appears in 5 contracts

Samples: Berliner Communications Inc, Berliner Communications Inc, Berliner Communications Inc

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Failure to Pay Principal, Interest, Etc. The Company fails (1) to pay the principal, the Optional Redemption Price or the Repurchase Price hereof when due, whether at maturity, upon acceleration or otherwise, as applicable, or (2) to pay any installment of interest hereon when duedue and, in the case of this clause (2) of this Section 4.1(a) only, such failure continues for a period of five Business Days after the due date thereof; or

Appears in 4 contracts

Samples: Note Purchase Agreement (Emagin Corp), Emagin Corp, Emagin Corp

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