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

Sources: Three Year Loan Agreement (Jabil Circuit Inc), Loan Agreement (Invacare Corp), Loan Agreement (Jabil Circuit Inc)

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

Sources: 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

Sources: Credit Agreement (Universal Forest Products Inc)

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

Sources: Credit Agreement (Universal Forest Products Inc)