Non-Payment of Obligations. The Borrower shall default in the payment or prepayment when due of (i) any principal of any Loan, or (ii) any interest in respect of any Loan, any fee described in Article III or any other monetary Obligation, and in the case of clause (ii) such default shall continue unremedied for a period of three Business Days after such amount was due.
Appears in 2 contracts
Samples: Credit Agreement (Valneva SE), Credit Agreement (Valneva SE)
Non-Payment of Obligations. The Borrower shall default in the payment or prepayment when due of of
(ia) any principal of or interest on any Loan, or any Reimbursement Obligation or any deposit of cash for collateral purposes pursuant to Section 2.6.4; or
(iib) any interest in respect of any Loan, any fee described in Article III or any other monetary Obligation, and in the case of clause (ii) such default shall continue unremedied for a period of three Business Days days after such amount was due.
Appears in 2 contracts
Samples: Credit Agreement (Stillwater Mining Co /De/), Credit Agreement (Stillwater Mining Co /De/)
Non-Payment of Obligations. The Either Borrower shall default, and such default shall continue unremedied for a period of three days after such amount was due, in the payment or prepayment when due of the following:
(ia) any principal of any Loan, Loan (including any regularly scheduled payment of principal and any prepayment pursuant to Section 3.1.1); or
(b) interest on any Loan or (ii) any interest in respect of any Loan, any fee described in Article III or any other monetary Obligation, and Obligation (other than as provided for in the case of clause (iia) such default shall continue unremedied for a period of three Business Days after such amount was dueabove).
Appears in 2 contracts
Samples: Credit Agreement (Aei), Credit Agreement (Aei)
Non-Payment of Obligations. The Borrower shall default in the payment or prepayment when due of (i) any principal of any Loan, Loan or (ii) any interest in respect of on any Loan, Loan or any fee described in Article III or any other monetary Obligation, and in the case of clause (ii) such default shall continue unremedied for a period of three two Business Days after such amount was due.
Appears in 2 contracts
Samples: Credit Agreement (Xtant Medical Holdings, Inc.), Credit Agreement (Bacterin International Holdings, Inc.)
Non-Payment of Obligations. The Borrower shall default in the payment or prepayment when due of of
(i) any principal of or interest on any Loan, or any Reimbursement Obligation or any deposit of cash for collateral purposes pursuant to SECTION 2.11(E); or
(ii) any interest in respect of any Loan, any fee described in Article ARTICLE III or any other monetary Obligation, Obligation and in the case of clause (ii) such default shall continue unremedied for a period of three days (including one Business Days Day) after such amount was due.
Appears in 1 contract
Non-Payment of Obligations. The Borrower shall default in the payment or prepayment when due of of:
(i) any principal of any Loan, or Term Loan when such amount is due; or
(ii) any interest in respect on any Term Loan and such default shall continue unremedied for a period of any Loan, three (3) Business Days after such amount is due; or
(iii) any fee described in Article III or any other monetary Obligation, and in the case of clause (ii) such default shall continue unremedied for a period of three five (5) Business Days after such amount was is due.
Appears in 1 contract
Samples: Term Loan Agreement (Cinedigm Digital Cinema Corp.)
Non-Payment of Obligations. The Borrower shall default in the payment or prepayment when due of (i) any principal of any Loan, or (ii) any interest in respect of any Loan, any fee described in Article III or any other monetary Obligation, and in the case of clause (ii) such default shall continue unremedied for a period of three Business Days after such amount was due(3) days) in the payment or prepayment when due of any principal of any Loan including any Required Deficiency Payment, or in the payment when due of any interest, commitment fee or of any other Obligation.
Appears in 1 contract
Non-Payment of Obligations. The Borrower shall default in the payment or prepayment when due of (i) of: any principal of or interest on any Loan, Revolving Loan and such default shall continue unremedied for three (3) Business Days after such amount becomes due; or (ii) any interest in respect of any Loan, any fee described in Article III or any other monetary Obligation, Obligation and in the case of clause (ii) such default shall continue unremedied for a period of three (3) days (including one Business Days Day) after such amount was due.
Appears in 1 contract
Non-Payment of Obligations. The Borrower shall default in the payment or prepayment when due of of
(ia) any principal of or interest on any Loan, or any Reimbursement Obligation or any deposit of cash for collateral purposes pursuant to SECTION 2.6.4; or
(iib) any interest in respect of any Loan, any fee described in Article ARTICLE III or any other monetary Obligation, Obligation and in the case of clause (ii) such default shall continue unremedied for a period of three days (including one Business Days Day) after such amount was due.
Appears in 1 contract
Samples: Credit Agreement (Titan Corp)
Non-Payment of Obligations. The Either Borrower shall default in the payment or prepayment when due of of
(ia) any principal of any Loan, or any Reimbursement Obligation or any deposit of cash for collateral purposes pursuant to SECTION 2.6.4; or
(iib) any interest in respect of on any Loan, Loan or any fee described in Article ARTICLE III or any other monetary Obligation, and in the case of clause (ii) such default shall continue unremedied for a period of three Business Days four days after such amount was due.
Appears in 1 contract
Samples: Credit Agreement (United Surgical Partners Holdings Inc)
Non-Payment of Obligations. The Borrower shall default in the payment or prepayment when due of of
(ia) any principal of any Loan, or any Reimbursement Obligation or any deposit of cash for collateral purposes pursuant to Section 2.6.4; or
(iib) any interest in respect of on any Loan, any fee described in Article III or any other monetary Obligation, and in the case of clause (ii) such default shall continue unremedied for a period of three Business Days days after such amount was due.
Appears in 1 contract
