Common use of Other Failure to Pay Clause in Contracts

Other Failure to Pay. Customer shall fail to pay to MLBFS or deposit into the WCMA Account when due any other amount owing or required to be paid or deposited by Customer under this Loan Agreement, or shall fail to pay when due any other Obligations, and any such failure shall continue for more than five (5) Business Days after written notice thereof shall have been given by MLBFS to Customer.

Appears in 17 contracts

Samples: Loan and Security Agreement (Stockeryale Inc), Wcma Loan and Security Agreement (Rent a Wreck of America Inc), Wcma Loan and Security Agreement (KSW Inc)

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Other Failure to Pay. Customer shall fail to pay to MLBFS or deposit into the WCMA Account when due any other amount owing or required to be paid or deposited by Customer under this Loan AgreementAgreement or any of the Loan Documents, or shall fail to pay when due any other Obligations, and any such failure shall continue for more than five (5) Business Days after written notice thereof shall have been given by MLBFS to Customer.

Appears in 10 contracts

Samples: Loan and Security Agreement (Yp Net Inc), Loan and Security Agreement (Derma Sciences Inc), Loan and Security Agreement (Exactech Inc)

Other Failure to Pay. Customer shall fail to pay to MLBFS or deposit into the WCMA Account when due any other amount owing or required to be paid or deposited by Customer under this Loan AgreementAgreement or the Term Note, or shall fail to pay when due any other Obligations, and any such failure shall continue for more than five (5) Business Days after written notice thereof shall have been given by MLBFS to Customer.

Appears in 2 contracts

Samples: Loan Agreement (Telecomm Industries Corp), Loan Agreement (Sel-Leb Marketing Inc)

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Other Failure to Pay. Customer shall fail to pay to MLBFS or deposit into the WCMA Account when due any other amount owing or required to be paid or deposited by Customer customer under this Loan AgreementAgreement or the Term WCMA Note, or shall fail to pay when due any other Obligations, and any such failure shall continue for more than then five (5) Business Days after written notice thereof shall have been given by MLBFS to Customer.

Appears in 1 contract

Samples: Term Wcma Loan Agreement (Duramed Pharmaceuticals Inc)

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