Non-Payment of Obligations. The Borrower or any other Loan Party shall default in the payment or prepayment when due of any (a) principal or (b) interest on a Loan or (c) any fee, indemnity or other monetary Obligation or Guaranteed Obligation hereunder or under any other Loan Document, under any Rate Protection Agreement between the Borrower and a Lender Party or under any document or agreement related to or on account of any Secured Bank Product; provided that the failure to make any such payments pursuant to clause (b) or (c) shall not result in an Event of Default unless such failure is not cured within two (2) Business Days after the occurrence thereof.
Appears in 3 contracts
Samples: Credit Agreement (CatchMark Timber Trust, Inc.), Credit Agreement (CatchMark Timber Trust, Inc.), Credit Agreement (CatchMark Timber Trust, Inc.)
Non-Payment of Obligations. The Either Borrower or any other Loan Party shall default in the payment or prepayment when due of any (a) principal or (b) interest on a Loan or (c) any fee, indemnity or other monetary Obligation or Guaranteed Obligation hereunder or under any other Loan Document, under any Rate Protection Agreement between the Borrower and a Lender Party or under any document or agreement related to or on account of any Secured Bank Product; provided that the failure to make any such payments pursuant to clause (b) or (c) shall not result in an Event of Default unless such failure is not cured within two (2) Business Days after the occurrence thereof.
Appears in 3 contracts
Samples: Credit Agreement (Wells Timberland REIT, Inc.), Credit Agreement (Wells Timberland REIT, Inc.), Recognition Agreement (Wells Timberland REIT, Inc.)
Non-Payment of Obligations. The Either Borrower or any other Loan Party shall default in the payment or prepayment when due of any (a) principal or (b) interest on a Loan or (c) any fee, indemnity or other monetary Obligation or Guaranteed Obligation hereunder or under any other Loan Document, Document or under any Rate Protection Agreement between the a Borrower and a Lender Party or under any document or agreement related to or on account an Affiliate of any Secured Bank Product; a Lender, provided that the failure to make any such payments pursuant to clause (b) or (c) shall not result in an Event of Default unless such failure is not cured within two (2) Business Days after the occurrence thereof.
Appears in 2 contracts
Samples: Credit Agreement (CatchMark Timber Trust, Inc.), Credit Agreement (CatchMark Timber Trust, Inc.)
Non-Payment of Obligations. The Borrower or any other Loan Party shall default in the payment or prepayment when due of any (a) principal or (b) interest on a Loan or (c) any fee, indemnity or other monetary Obligation or Guaranteed Obligation hereunder or under any other Loan Document, under any Rate Protection Agreement between the Borrower and a Lender Party or under any document or agreement related to or on account of any Secured Bank Product; , provided that the failure to make any such payments pursuant to clause (b) or (c) shall not result in an Event of Default unless such failure is not cured within two (2) Business Days after the occurrence thereof.
Appears in 2 contracts
Samples: Credit Agreement (CatchMark Timber Trust, Inc.), Credit Agreement (CatchMark Timber Trust, Inc.)
Non-Payment of Obligations. The Either (i) the Borrower or any other Loan Party shall default in the payment or prepayment when due of (x) any (a) principal of or (b) interest on a any Loan or (cy) any fee, indemnity fee described in Article III or any other monetary Obligation or Guaranteed Obligation hereunder or under any other Loan DocumentObligation, under any Rate Protection Agreement between and in the Borrower and a Lender Party or under any document or agreement related to or on account case of any Secured Bank Product; provided that the failure to make any such payments pursuant to clause (by) or (c) such default shall not result in an Event continue unremedied for a period of Default unless such failure is not cured within two (2) Business Days after the occurrence thereof.such amount was due, or (ii) any other Loan Party fails to make any payment when due pursuant to Article X.
Appears in 1 contract
Samples: Credit Agreement and Guaranty (VBI Vaccines Inc/Bc)
