Non-Payment of Obligations. Any Borrower shall default in the payment or prepayment when due of (a) any principal of any Loan, any Reimbursement Obligation or any deposit of cash for collateral purposes pursuant to Section 2.6.4 hereof; or (b) any interest on any Loan, any fee described in Article III hereof or any other monetary Obligation, and such default shall continue unremedied for a period of three (3) days after such amount was due.
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Samples: Credit Agreement (Winn Dixie Stores Inc), Credit Agreement (Winn Dixie Stores Inc)
Non-Payment of Obligations. Any Borrower shall default in the payment or prepayment when due of:
(ai) any principal of any Loan, any Reimbursement Obligation or any deposit of cash for collateral purposes pursuant to Section 2.6.4 hereofLoan when such amount is due; or
(bii) any interest on any LoanLoan for more than five (5) calendar days from the date when due; provided, that no more than two (2) such delinquent interest payments shall occur during the term of this Agreement; or
(iii) any fee described in Article III hereof or any other monetary Obligation, and such default shall continue unremedied for a period of three (3) days after such amount was due.
Appears in 2 contracts
Samples: Credit Agreement (Verano Holdings Corp.), Credit Agreement (Verano Holdings Corp.)
Non-Payment of Obligations. Any The Borrower shall default in the payment or prepayment when due of:
(a) any principal of any Loan, any Reimbursement Obligation or any deposit of cash for collateral purposes pursuant to Section 2.6.4 hereof; or
(b) any interest on any Loan, any fee described in Article III hereof III, any interest on any Loan or any other monetary ObligationObligation to the extent invoiced, and such default shall continue unremedied for a period of three (3) five days after such amount was due.
Appears in 2 contracts
Samples: Credit Agreement (Reddy Ice Holdings Inc), Credit Agreement (Reddy Ice Holdings Inc)
Non-Payment of Obligations. Any The Borrower shall default in the payment or prepayment when due of:
(a) any principal of any Loan, any Reimbursement Obligation or any deposit of cash for collateral purposes pursuant to Section 2.6.4 hereof; or
(b) any interest on any Loan, any fee described in Article III hereof III, any interest on any Loan or any other monetary ObligationObligation to the extent invoiced, and such default shall continue unremedied for a period of three (3) two days after such amount was due.
Appears in 2 contracts
Samples: Credit Agreement (Reddy Ice Holdings Inc), Credit Agreement (Reddy Ice Holdings Inc)
Non-Payment of Obligations. Any The Borrower shall default in the payment or prepayment when due of:
(ai) any principal of any Loan, any Reimbursement Obligation or any deposit of cash for collateral purposes pursuant to Section 2.6.4 hereofLoan when such amount is due; or
(bii) any interest on any LoanLoan for more than five (5) calendar days from the date when due; provided, that no more than two (2) such delinquent interest payments shall occur during the term of this Agreement; or
(iii) any fee described in Article III hereof or any other monetary Obligation, and such default shall continue unremedied for a period of three (3) days after such amount was due.
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Non-Payment of Obligations. Any Borrower Borrowers shall default in the payment or prepayment when due of:
(a) any principal of any Loan, any Reimbursement Obligation or any deposit of cash for collateral purposes pursuant to Section 2.6.4 hereof; or
(b) any interest on any Loan, any or fee described in Article III hereof 3 or any other monetary Obligation, and such default shall continue unremedied for a period of three (3) days after such amount was due.
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Non-Payment of Obligations. Any Borrower shall default in the payment or prepayment when due of:
(ai) any principal of any Loan, any Reimbursement Obligation or any deposit of cash for collateral purposes pursuant to Section 2.6.4 hereofLoan when such amount is due; or
(bii) any interest on any LoanLoan for more than five (5) calendar days from the date when due; provided, that, no more than two (2) such delinquent interest payments shall occur during the term of this Agreement; or
(iii) any fee described in Article III hereof or any other monetary Obligation, and such default shall continue unremedied for a period of three (3) days after such amount was due.
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Samples: Credit Agreement
Non-Payment of Obligations. Any Borrower Borrowers shall default in the payment or prepayment when due of:
(ai) any principal of any Loan, any Reimbursement Obligation or any deposit of cash for collateral purposes pursuant to Section 2.6.4 hereofLoan when such amount is due; or
(bii) any interest on any Loan, Loan for more than five calendar days from the date when due; provided that no more than two such delinquent interest payments shall occur during the term of this Agreement; or
(iii) any fee described in Article III hereof or any other monetary Obligation, and such default shall continue unremedied for a period of three (3) days after such amount was due.
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Non-Payment of Obligations. Any The Borrower or any other Obligor shall default in the payment or prepayment when due of
of (a) any principal of any Loan, any Reimbursement Obligation the Loans when due; or any deposit of cash for collateral purposes pursuant to Section 2.6.4 hereof; or
(b) any other monetary Obligation hereunder or under any other Loan Document (including interest on any Loan, or any fee described in Article III hereof fees or any other monetary Obligation, amounts payable hereunder or thereunder) when due and such default shall continue unremedied failure continues for a period of three (3) days after such amount was due.calendar days. SECTION
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Non-Payment of Obligations. Any Borrower The Borrowers shall default in the payment or prepayment when due of:
(ai) any principal of any LoanTerm Loan when such amount is due (whether by scheduled maturity, any Reimbursement Obligation mandatory prepayment, acceleration, demand or any deposit of cash for collateral purposes pursuant to Section 2.6.4 hereofotherwise); or
(bii) any interest on any Loan, Term Loan and such default shall continue unremedied for a period of three (3) Business Days after such amount is due; or
(iii) any fee described in Article III hereof or any other monetary Obligation, and such default shall continue unremedied for a period of three (3) days Business Days after such amount was is due.
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Non-Payment of Obligations. Any The Borrower shall default in the payment or prepayment when due of
of (ai) any principal (including, without limitation, prepayments of principal required under Section 5.02(a)) of any Loan, any Reimbursement Obligation Loan when such amount is due or any deposit of cash for collateral purposes pursuant to Section 2.6.4 hereof; or
(bii) any interest on any Loan, any fee described in Article III hereof or any other monetary Obligation, and such default shall continue unremedied for a period of three five (35) days Business Days after such amount was is due.. 120
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