Common use of Nonpayment of Interest Clause in Contracts

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

Appears in 14 contracts

Samples: Loan Agreement (Invacare Corp), Credit Agreement (Invacare Corp), Guaranty Agreement (Invacare Corp)

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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 daysthree Business Days; or

Appears in 3 contracts

Samples: Credit Agreement (Handleman Co /Mi/), Credit Agreement (Handleman Co /Mi/), Credit Agreement (Handleman Co /Mi/)

Nonpayment of Interest. Any A 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

Appears in 1 contract

Samples: Credit Agreement (Universal Forest Products Inc)

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Nonpayment of Interest. Any A 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 daysthree Business Days; or

Appears in 1 contract

Samples: Guaranty Agreement (Universal Forest Products Inc)

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