Common use of Non-Payment of Credit Clause in Contracts

Non-Payment of Credit. Default in the payment when due of the principal of any Loan; or default in the payment when due of any interest, fee or other amount payable by any Loan Party hereunder or under any other Loan Document.

Appears in 2 contracts

Samples: Credit Agreement (5.11 Abr Corp.), Credit Agreement (Fox Factory Holding Corp)

AutoNDA by SimpleDocs

Non-Payment of Credit. Default in the payment when due of the principal of any Loan; Loan or default in the payment when due of any other Obligations, including any interest, fee or other amount payable by any Loan Party hereunder or under any other Loan Document.

Appears in 1 contract

Samples: Credit Agreement (Focus Venture Partners, Inc)

Non-Payment of Credit. Default Default, in the payment when due of the principal of any Loan; the Loan or default in the payment when due of any interest, fee fee, or other amount payable hereunder, including any IRR * * * Return Amount, any IRR * * * Return Amount or any Assigned Interests Payment, by any Loan Party hereunder Party, or any default in any payment of any amount due under any other Loan Document, shall occur.

Appears in 1 contract

Samples: Credit Agreement (PDL Biopharma, Inc.)

Non-Payment of Credit. Default in the payment when due of the principal of any Loan; or default default, and continuance thereof for 3 days, in the payment when due of any other Obligations, including any interest, fee fee, or other amount payable by any Loan Party hereunder or under any other Loan Document.

Appears in 1 contract

Samples: Credit Agreement (Performant Financial Corp)

AutoNDA by SimpleDocs

Non-Payment of Credit. Default in the payment when due of the principal of any Loan; or default default, and continuance thereof for three Business Days, in the payment when due of any interest, fee or other amount payable by any Loan Party hereunder or under any other Loan Document.

Appears in 1 contract

Samples: Second Lien Credit Agreement (AmWINS GROUP INC)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!