Nonpayment of Interest. Any Borrower shall fail to pay when due any interest or any fees or any other amount payable hereunder and such failure shall remain unremedied for five days; or
Nonpayment of Interest. As to the nonpayment of interest there shall be a three (3) Business Day grace period without any requirement of notice from the Administrative Agent.
Nonpayment of Interest. Whenever interest payable on the Subordinated Debt will not be paid in full for any Interest Period (as defined in the Subordinated Debt), including nonpayment because interest will be deferred pursuant to the applicable provisions of this Agreement and the Subordinated Security, then no later than three (3) business days prior to the applicable Interest Payment Date (as defined in the Subordinated Debt) the principal executive officer and principal financial officer of the Recipient shall provide written notice, in a form reasonably satisfactory to the Investor, informing the Investor that the Recipient will not make the applicable interest payment and providing the rationale of the Recipient for not making such interest payment.
Nonpayment of Interest. The Company fails to pay any installment of Interest on the Note when due and payable; or
Nonpayment of Interest. The Borrower fails to pay any installment of interest on the Notes when due and payable; or
Nonpayment of Interest. If the Company fails to pay interest on any of the Notes in full, when and as the same becomes due and payable, and such failure shall be continuing for five (5) Business Days;
Nonpayment of Interest. As to the nonpayment of interest due prior to Maturity, there shall be a five (5) day grace period without any requirement of notice from Lender. If any such installment of interest is paid by an overdraft, Borrower shall have a three (3) Business Days grace period after notice from Lender (oral or written) to repay the overdraft with immediately available funds.
Nonpayment of Interest. As to the nonpayment of interest, there shall be a ten (10) day grace period without any requirement of notice from Agent, except that as to a required principal reduction to comply with the Loan To Value Ratio Covenant in Section 9.18 or the Debt Service Coverage Ratio Covenant in Section 9.19, there shall be no grace period except as stated therein.
Nonpayment of Interest. The Company shall fail to pay when due any interest or any fees or any other amount payable hereunder and such failure shall remain unremedied for five Business Days; or
Nonpayment of Interest. If the Borrower fails to make any payment of interest under the Note when due and such failure continues for a period of thirty days following delivery of notice of nonpayment to the Borrower.
