Non-Payment of Obligations. Any Borrower shall default in the payment or prepayment when due of any principal of any Loan; any Borrower shall default in the payment when due of any Reimbursement Obligation or Hedging Obligation under a Hedging Agreement in effect between a Borrower and a Lender or an Affiliate of a Lender; or any Borrower shall default (and such default shall continue unremedied for a period of five (5) days) in the payment when due of any interest on any Loan or any fee or of any other Obligation.
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Samples: Credit Agreement (Alliance Resources PLC), Credit Agreement (American Rivers Oil Co /De/)
Non-Payment of Obligations. Any The Borrower shall default in the payment or prepayment when due of any principal of or interest on any Loan; any , or the Borrower shall default in the payment when due of any Reimbursement Obligation or Hedging Obligation under a Hedging Agreement in effect between a Borrower and a Lender or an Affiliate of a Lender; or any Borrower Obligor shall default (and such default shall continue unremedied for a period of five (5) days) in the payment when due of any interest on any Loan or any facility fee or of any other Obligation.
Appears in 2 contracts
Samples: Quarterly Report, Credit Agreement (Price/Costco Inc)
Non-Payment of Obligations. Any Borrower shall default in the payment or prepayment when due of any principal of any Loan; , any Borrower shall default in the payment when due of any Reimbursement Obligation or Hedging Obligation under a Hedging Agreement in effect between a Borrower and a Lender or an Affiliate of a Lender; Obligation, or any Borrower shall default (and such default shall continue unremedied for a period of five (5) two days) in the payment when due of any interest on any Loan or Loan, of any fee or of any other Obligation.
Appears in 2 contracts
Samples: Credit Agreement (Simpson Industries Inc), Credit Agreement (Simpson Industries Inc)
Non-Payment of Obligations. Any Borrower shall default in the payment or prepayment when due of any principal of any Loan; any Borrower The Borrowers shall default in the payment when due of any Reimbursement Obligation principal of or Hedging Obligation interest on any Advance, any fee or other amount payable under a Hedging Agreement any Loan Document, provided that, in effect between a Borrower and a Lender or an Affiliate the case of a Lender; any default in the payment of any interest on any Advance or any Borrower shall default fee or other amount (and other than, for the avoidance of doubt, principal on any Advance) payable under any Loan Document, such default shall continue unremedied for a period of five at least ten (510) days) in the Business Days after such payment when shall have become due of any interest on any Loan or any fee or of any other Obligationand payable.
Appears in 2 contracts
Samples: Term Loan Agreement (Carnival PLC), Term Loan Agreement (Carnival PLC)
Non-Payment of Obligations. Any The Borrower shall default in the payment or prepayment when due of of
(a) any principal of any Loan; any Borrower shall default in the payment when due or
(b) of any interest on any Loan, any Reimbursement Obligation Obligation, any fee described in ARTICLE III or Hedging Obligation of any other amount payable hereunder or under a Hedging Agreement in effect between a Borrower and a Lender or an Affiliate of a Lender; or any Borrower shall default (other Loan Document and such default shall continue unremedied for a period of five (5) days) in the payment when due of any interest on any Loan or any fee or of any other Obligation.
Appears in 2 contracts
Samples: Credit Agreement (KSL Recreation Group Inc), Credit Agreement (KSL Recreation Group Inc)
Non-Payment of Obligations. Any Borrower shall default in the payment or prepayment when due of any principal of any Loan; any Borrower shall default in the payment when due of any Reimbursement Obligation or Hedging Obligation under a Hedging Agreement in effect between a Borrower and a Lender or an Affiliate of a Lender; or any Borrower shall default (and such default shall continue unremedied for a period of five (5) days) in the payment when due of any interest on any Loan or any fee or of any other Obligation.
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Non-Payment of Obligations. Any Borrower shall default default:
(a) in the payment or prepayment when due of any the principal of any Loan, the payment when due of the interest payable in respect of any Loan or the payment when due of the fees provided for under SECTION 3.5; any Borrower shall default or
(b) in the payment when due of any Reimbursement Obligation other amounts or Hedging Obligation under a Hedging Agreement in effect between a Borrower and a Lender or an Affiliate of a Lender; or any Borrower shall default (Obligations and such default shall continue unremedied for a period of five three (53) days) in the payment when due of any interest on any Loan or any fee or of any other Obligation.
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Non-Payment of Obligations. Any Borrower shall default default:
(a) in the payment or prepayment when due of any the principal of any Loan, the payment when due of the interest payable in respect of any Loan or the payment when due of the fees provided for under Section 3.5; any Borrower shall default or
(b) in the payment when due of any Reimbursement Obligation other amounts or Hedging Obligation under a Hedging Agreement in effect between a Borrower and a Lender or an Affiliate of a Lender; or any Borrower shall default (Obligations and such default shall continue unremedied for a period of five three (53) days) in the payment when due of any interest on any Loan or any fee or of any other Obligation.
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Non-Payment of Obligations. Any The Borrower shall default in the payment or prepayment when due of any principal of any Loan; any the Borrower shall default in the payment when due of any Reimbursement Obligation or Hedging Obligation under a Hedging Agreement in effect between a the Borrower (or any Affiliate of the Borrower) and a Lender (or an any Affiliate of a Lender); or the Borrower or any Borrower other Obligor shall default (and such default shall continue unremedied for a period of five (5) days) in the payment when due of any interest on any Loan or in the payment when due of any fee or of any other Obligation.
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Non-Payment of Obligations. Any The Borrower shall default in the payment or prepayment when due of any principal of any Loan; any the Borrower shall default in the payment when due of any Reimbursement Obligation or Hedging Obligation under a Hedging Agreement in effect between a the Borrower and a Lender or an Affiliate of a Lenderthereof; or any the Borrower shall default (and such default shall continue unremedied for a period of five (5) days) in the payment when due of any interest on any Loan or any fee fees payable under Section 3.3 or of any other Obligation.
Appears in 1 contract
Samples: Credit Agreement (Bargo Energy Co)
Non-Payment of Obligations. Any The Borrower shall default in the payment or prepayment when due of any principal of or interest on any Loan; any , the Borrower shall default in the payment when due of any Reimbursement Obligation Obligation, or Hedging Obligation under a Hedging Agreement in effect between a Borrower and a Lender or an Affiliate of a Lender; or any the Borrower shall default (and such default shall continue unremedied for a period of five (5) days) in the payment when due of any interest on any Loan or any fee or of any other Obligation.
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