Common use of Nonpayment of Obligations Clause in Contracts

Nonpayment of Obligations. (a) Nonpayment of principal of any Loan when due, or nonpayment of interest upon any Loan or of any commitment fee or other obligations (except Reimbursement Obligations) under any of the Loan Documents within three (3) Business Days after the same becomes due. (b) Nonpayment of any Reimbursement Obligation within three (3) Business Days after L/C Issuer’s written demand.

Nonpayment of Obligations. (a) Nonpayment of principal of any Loan when due, or nonpayment of interest upon any Loan or of any commitment fee or other obligations (except Reimbursement L/C Obligations) under any of the Loan Documents within three (3) Business Days 10 days after the same becomes due. (b) Nonpayment of any Reimbursement L/C Obligation within three ten (310) Business Days days after L/C Issuer’s written 's demand.

Nonpayment of Obligations. (a) Nonpayment of principal of any Loan when due, or nonpayment of interest upon any Loan or of any commitment fee or other obligations (except Reimbursement L/C Obligations) under any of the Loan Documents within three (3) Business Days after the same becomes due. (b) Nonpayment of any Reimbursement L/C Obligation within three (3) Business Days after L/C Issuer’s written demand.

Nonpayment of Obligations. (a) Nonpayment of principal of any Loan when due, or nonpayment of interest upon any Loan or of any commitment fee or other obligations (except Reimbursement Obligations) under any of the Loan Documents within three (3) Business Days after the same becomes due. (b) Nonpayment of any Reimbursement Obligation within three (3) Business Days after L/C Issuer’s written demand.