Other Non-Payment Clause Samples

Other Non-Payment. The Borrower shall fail to pay any interest on any Loan or on any reimbursement obligation in respect of any LC Disbursement or any fee, commission or any other amount (other than an amount referred to in clause (a) of this Section) payable under any Loan Document, when and as the same shall become due and payable, and such failure shall continue unremedied for a period of three (3) Business Days.

Other Non-Payment. If the Borrower defaults in the due and punctual payment of any amounts owing under the Loan Documents or the Operating Credit Agreement (other than amounts referred to in paragraphs (a) and (b) above) as and when such amounts become due and payable and such default continues for a period of five (5) Business Days after notice is given to the Borrower by the Agent specifying such default and requiring it to be remedied.

Other Non-Payment. Borrower shall fail to pay any other amounts due and payable under the Loan Documents within ten (10) days after written notice thereof from Administrative Agent.

Other Non-Payment the non-payment by the Borrowers within five days when due of any payment of any other Secured Obligation, where such non-payment continues for five Business Days;

Other Non-Payment. (a) Any other present or future indebtedness of an Obligor for or in respect of moneys borrowed or raised becomes due and payable prior to its stated maturity by reason of any actual or potential default, event of default or the like (howsoever described); (b) any such indebtedness of an Obligor is not paid when due or, as the case may be, within any applicable grace period; and (c) an Obligor fails to pay when due any amount payable by it under any present or future guarantee for, or indemnity in respect of, any moneys borrowed or raised, provided that the aggregate amount of the relevant indebtedness, guarantees and indemnities in respect of which one or more of the events mentioned in (a), (b) or (c) above in this Clause 16.3 have occurred equals or exceeds £15,000,000 or its equivalent in other currencies (as reasonably determined by the Security Trustee) and provided further, for the avoidance of doubt, that the amounts mentioned in this Clause 16.3 shall exclude the amount of any Public Sector Subsidy except for any Public Sector Subsidy which is or becomes due and payable to the relevant grant making body or organisation.

Other Non-Payment. Any Loan Party shall fail to pay (i) any interest on any Loan when and as the same shall become due and payable, and such failure shall continue unremedied for a period of one Business Day (provided, that the foregoing shall not prohibit the Administrative Agent from charging such interest to the account of Borrowers’ when and as the same shall become due and payable) or (ii) any fee, commission or any other amount (other than an amount referred to in clause (a) of this Section) payable under any Loan Document, when and as the same shall become due and payable, and such failure shall continue unremedied for a period of three Business Days.