Common use of Interest or Other Obligation Payment Clause in Contracts

Interest or Other Obligation Payment. The Borrower or any Guarantor ------------------------------------ shall fail to pay any interest on any Note or any fee or other amount payable hereunder or under any other Credit Document when the same becomes due and payable as set forth in this Agreement, provided however that the Borrower and -------- the Guarantors will have a grace period of five days after the payments covered by this Section 8.01(b) becomes due and payable for the first two defaults of such Persons collectively under this Section 8.01(b) in every calendar year;

Interest or Other Obligation Payment. The Borrower or any Guarantor ------------------------------------ shall fail to pay any interest on any Note or this Agreement or any fee or other amount payable hereunder or under any other Credit Document when the same becomes due and payable as set forth in this AgreementAgreement or such other Credit Document, as applicable, provided however that the Borrower and -------- the Guarantors will have a grace period of five three (3) days after the payments covered by this Section 8.01(b) becomes due and payable for the first two defaults of such Persons collectively under this Section 8.01(b) in every calendar year;

Interest or Other Obligation Payment. The Borrower or any Guarantor ------------------------------------ shall fail to pay any interest on any Note Advance or any fee or other amount payable hereunder or under any other Credit Document when the same becomes due and payable as set forth in this AgreementAgreement or such other Credit Document, as applicable, provided however that the Borrower and -------- the Guarantors will have a grace period of five three (3) days after the payments covered by this Section 8.01(b) becomes due and payable for the first two defaults of such Persons collectively under this Section 8.01(b) in every calendar year;

Interest or Other Obligation Payment. The Borrower or any Guarantor ------------------------------------ shall fail to pay any interest on any Note or any fee or other amount payable hereunder or under any other Credit Document when the same becomes due and payable as set forth in this AgreementAgreement or such other Credit Document, provided as applicable, PROVIDED however that the Borrower and -------- the Guarantors will have a grace period of five (5) days after the payments covered by this Section 8.01(b) becomes due and payable for the first two defaults of such Persons collectively under this Section 8.01(b) in every calendar year;

Interest or Other Obligation Payment. The Borrower or any Guarantor ------------------------------------ shall fail to pay any interest on any Note or any fee or other amount payable hereunder or under any other Credit Document when the same becomes due and payable as set forth in this Agreement, provided however that the Borrower and -------- the Guarantors will have a grace period of five (5) days after the payments covered by this Section 8.01(b) becomes due and payable for the first two defaults of such Persons collectively under this Section 8.01(b) in every calendar year;

Interest or Other Obligation Payment. The Borrower or any Guarantor ------------------------------------ shall fail to pay any interest on any Note or any fee or other amount payable hereunder or under any other Credit Document when the same becomes due and payable as set forth in this Agreement, provided however that the Borrower and -------- the Guarantors will have a grace period of five days after the payments covered by this Section 8.01(b) becomes due and payable for the first two defaults of such Persons collectively under this Section 8.01(b) in every calendar year;