Common use of Non-Payment of Interest and Other Amounts Clause in Contracts

Non-Payment of Interest and Other Amounts. The Borrower fails to pay any interest, fee or other amount payable hereunder or under any other Loan Document when due and such failure continues unremedied for more than fifteen (15) Business Days from the date upon which the Lender has notified the Borrower in writing of such failure.

Non-Payment of Interest and Other Amounts. The Borrower fails to pay any interest, fee Fee or other amount (excluding principal) payable hereunder or under any other Loan Document when due and such failure is caused by administrative or technical error and continues unremedied for more than fifteen three (153) Business Days from the date upon which the Lender has notified the Borrower in writing of after such failuredue date.

Non-Payment of Interest and Other Amounts. The Borrower fails to pay any interest, fee Fee or other amount (excluding principal) payable hereunder or under any other Loan Document when due and such failure continues unremedied for more than fifteen three (153) Business Days from the date upon which the Lender has notified the Borrower in writing of such failureDays.