Common use of Nonpayment of Obligations Clause in Contracts

Nonpayment of Obligations. The Borrower shall default in the payment of: (i) any principal of any Loan when such amount is due; or (ii) any interest on any Loan when such amount is due and such default shall continue unremedied for a period of five (5) Business Days after such amount is due; or (iii) any fee described in Article IV or any other monetary Obligation under the Credit Documents when such amount is due and such default shall continue unremedied for a period of five (5) Business Days after such amount is due. (b)

Nonpayment of Obligations. The Borrower shall default in the payment of: or prepayment when due of (ia) any principal of any Loan when such amount is due; or (iib) any interest on any Loan when such amount is due Loan, any fee described in Article III or any other monetary Obligation, and such default shall continue unremedied for a period of five (5) three Business Days after such amount is was due; or (iii) any fee described in Article IV or any other monetary Obligation under the Credit Documents when such amount is due and such default shall continue unremedied for a period of five (5) Business Days after such amount is due. (b).

Nonpayment of Obligations. The Borrower shall default in the payment of: or prepayment when due of (ia) any principal of any Loan when such amount is due; Loan, or any Reimbursement Obligation or any deposit of cash for collateral purposes pursuant to Section 2.6.4, or (iib) any interest on any Loan when such amount is due Loan, any fee described in Article III or any other monetary Obligation, and such default shall continue unremedied for a period of five (5) three Business Days after such amount is was due; or (iii) any fee described in Article IV or any other monetary Obligation under the Credit Documents when such amount is due and such default shall continue unremedied for a period of five (5) Business Days after such amount is due. (b).