Common use of Non-Payment of Loans, Etc Clause in Contracts

Non-Payment of Loans, Etc. The Borrower shall fail to make any payment of any Obligation payable by the Borrower hereunder or under the other Transaction Documents, including, without limitation, any principal, interest, Fees and Indemnified Amounts (but exclusive of prepayments required by Section 4.1(d)), or shall fail to make a deposit (if any) that is required to be made hereunder when due and, in each of the foregoing cases, such failure shall continue for the lesser of (x) the cure period, if any, set forth in the specific provision requiring such payment or deposit or (y) two (2) Business Days.

Non-Payment of Loans, Etc. The Borrower shall fail to make any payment of any Obligation payable by the Borrower hereunder or under the other Transaction Documents, including, without limitation, any principal, interest, Fees and Indemnified Amounts (but exclusive of prepayments required by Section 4.1(d4.1(c)), or shall fail to make a deposit (if any) that is required to be made hereunder when due and, in each of the foregoing cases, such failure shall continue for the lesser of (x) the cure period, if any, set forth in the specific provision requiring such payment or deposit or (y) two (2) Business Days.