Non-Payment of Obligations. Any Loan Party shall default in the payment or prepayment when due of any principal of any Loan or of any reimbursement obligation with respect to any Letter of Credit; or Borrower shall default in the payment when due of any interest, fee or of any other obligation hereunder or under any other Loan Document and such default continues for a period of three (3) Business Days.
Appears in 3 contracts
Samples: Credit Agreement (Forest Oil Corp), Credit Agreement (Forest Oil Corp), Credit Agreement (Forest Oil Corp)
Non-Payment of Obligations. Any Loan Party shall default in the payment or prepayment when due of any principal of any Loan (including BA Loans and Bankers’ Acceptances) or of any reimbursement obligation with respect to any Letter of CreditCredit or Bankers’ Acceptance; or Borrower shall default in the payment when due of any interest, fee or of any other obligation hereunder or under any other Loan Document and such default continues for a period of three (3) Business Days.
Appears in 3 contracts
Samples: Credit Agreement (Lone Pine Resources Inc.), Credit Agreement (Lone Pine Resources Inc.), Credit Agreement (Forest Oil Corp)
Non-Payment of Obligations. Any Loan Party shall default in the payment or prepayment when due of any (a) principal of on any Loan or of any reimbursement obligation with respect to any Letter of CreditLoan; (b) Reimbursement Obligation; or Borrower shall default in the payment when due of any interest(c) interest on a Credit Extension, fee fee, indemnity or of any other obligation monetary Obligation hereunder or under any other Loan Document and Document; provided, that in the case of clause (c) only, such default continues shall continue for a period of three (3) Business Days.
Appears in 2 contracts
Samples: Credit Agreement (Applied Medical Corp), Credit Agreement (Applied Medical Corp)
Non-Payment of Obligations. Any Loan Party shall default in the payment or prepayment when due of any principal of any Loan (including BA Loans and Bankers' Acceptances) or of any reimbursement obligation with respect to any Letter of CreditCredit or Bankers' Acceptance; or Borrower shall default in the payment when due of any interest, fee or of any other obligation hereunder or under any other Loan Document and such default continues for a period of three (3) Business Days.
Appears in 2 contracts
Samples: Credit Agreement (Forest Oil Corp), Credit Agreement (Forest Oil Corp)
Non-Payment of Obligations. Any Loan Party shall default in the payment or prepayment when due of any principal of any Loan or of any reimbursement obligation with respect to any Letter of CreditLoan; or Borrower shall default in the payment when due of any interest, fee or of any other obligation hereunder or under any other Loan Document and such default continues for a period of three (3) Business Days.
Appears in 1 contract
Non-Payment of Obligations. Any Loan Party shall default in the payment or prepayment when due of any principal of any Loan (including BA Loans and Bankers’ Acceptances) or of any reimbursement obligation with respect to any Letter of CreditCredit or Bankers’ Acceptance; or Borrower shall default in the payment when due of any interest, fee or of any other obligation hereunder or under any other Loan Document and such default continues for a period of three (3) Business Daysdays.
Appears in 1 contract
Non-Payment of Obligations. Any Loan Party shall default in the payment or prepayment when due of any (a) principal of on any Loan or of any reimbursement obligation with respect to any Letter of CreditLoan; (b) Reimbursement Obligation; or Borrower shall default in the payment when due of any interest(c) interest on a Credit Extension, fee fee, indemnity or of any other obligation monetary Obligation hereunder or under any other Loan Document and Document; provided, however, that in the case of clause (c) only, such default continues shall continue for a period of three (3) Business Days.
Appears in 1 contract
Samples: Credit Agreement (Lannett Co Inc)
Non-Payment of Obligations. Any Loan Party shall default in the payment or prepayment when due of any (a) principal of on any Loan or of any reimbursement obligation with respect to any Letter of CreditLoan; (b) Reimbursement Obligation; or Borrower shall default in the payment when due of any interest(c) interest on a Credit Extension, fee fee, indemnity or of any other obligation monetary Obligation hereunder or under any other Loan Document and Document; provided, that in the case of clause (c) only, such default continues shall continue for a period of three (3) Business Days.
Appears in 1 contract
Samples: Credit Agreement (GrubHub Inc.)
Non-Payment of Obligations. Any Loan Party shall default in the payment or prepayment when due of any principal of any Loan or of any reimbursement obligation with respect to any Letter of Credit; or Borrower shall default in the payment when due of any interest, fee or of any other obligation hereunder or under any other Loan Document and such default continues for a period of three (3) Business Daysdays.
Appears in 1 contract
