Common use of Other Non-Payment Clause in Contracts

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.

Appears in 3 contracts

Samples: Syndicated Credit Agreement (Enterra Energy Trust), Syndicated Credit Agreement (Enterra Energy Trust), Syndicated Credit Agreement (Enterra Energy Trust)

AutoNDA by SimpleDocs

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 three (53) Business Days after notice is given to the Borrower by the Agent specifying such default and requiring it to be remedied.

Appears in 2 contracts

Samples: Syndicated Credit Agreement (Advantage Oil & Gas Ltd.), Syndicated Credit Agreement (Advantage Oil & Gas Ltd.)

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 hereunder (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 30 calendar days after notice is given to the Borrower by the Agent Lender specifying such default and requiring it to be remedied.

Appears in 1 contract

Samples: Senior Note Agreement (Pure Resources Inc)

AutoNDA by SimpleDocs

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 three (53) Business Days after the earlier of: (i) notice is thereof being given to the Borrower by the Agent specifying Agent, and (ii) the Borrower having knowledge of such default and requiring it to be remedieddefault.

Appears in 1 contract

Samples: Syndicated Credit Agreement (Advantage Oil & Gas Ltd.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!