Common use of Nonpayment Clause in Contracts

Nonpayment. (a) Failure by any Borrower to pay when due any principal on the Obligations (including without limitation pursuant to Section 2.8) other than Cash Management Liabilities or Hedge Liabilities on the date due; (b) Failure by any Borrower to pay when due any interest on the Obligations (including without limitation pursuant to Section 2.8) other than Cash Management Liabilities or Hedge Liabilities within three (3) Business Days after such interest becomes due; and (c) Failure by any Borrower to pay when due any other fee, charge, amount or liability (other than Cash Management Liabilities or Hedge Liabilities) provided for herein (specifically excluding principal and interest which are addressed in subparagraphs (a) and (b) above) or in any Other Document, within the time period specified herein or therein and, if no time period is specified, then within three (3) Business Days after a demand or notice has been provided to the Borrowing Agent requesting payment of such amount;

Nonpayment. (a) Failure by any Borrower to pay when due any principal on the Obligations (including without limitation (i) any Prepayment Premium and (ii) pursuant to Section 2.8) other than Cash Management Liabilities or Hedge Liabilities on the date due; (b) Failure by any Borrower to pay when due any interest on the Obligations (including without limitation pursuant to Section 2.8) other than Cash Management Liabilities or Hedge Liabilities within three (3) Business Days after such interest becomes due; and (c) Failure by any Borrower to pay when due any other fee, charge, amount or liability (other than Cash Management Liabilities or Hedge Liabilities) provided for herein (specifically excluding principal and interest which are addressed in subparagraphs (a) and (b) above) or in any Other Document, within the time period specified herein or therein and, if no time period is specified, then within three (3) Business Days after a demand or notice has been provided to the Borrowing Agent requesting payment of such amount;