Common use of Non-Payment of Interest Clause in Contracts

Non-Payment of Interest. Default in any payment of interest on any Loan, L/C Advance or any Unpaid Drawing when due and payable and such default continues for 5 days;

Appears in 2 contracts

Samples: Secured Revolving Credit Agreement (NXP Semiconductors N.V.), Secured Revolving Credit Agreement (NXP Semiconductors N.V.)

AutoNDA by SimpleDocs

Non-Payment of Interest. Default in any payment of interest on any Loan, L/C Advance or any Unpaid Drawing when due and payable and such default continues for 5 30 days;

Appears in 1 contract

Samples: Secured Revolving Credit Agreement (NXP Manufacturing (Thailand) Co., Ltd.)

AutoNDA by SimpleDocs

Non-Payment of Interest. Default in any payment of interest on any Loan, L/C Advance or any Unpaid Drawing when due and payable and such default continues for 5 daysfive (5) Business Days;

Appears in 1 contract

Samples: Revolving Credit Agreement (NXP Semiconductors N.V.)

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