Common use of Other Payment Default Clause in Contracts

Other Payment Default. The Borrowers shall default in the payment when and as due (whether at maturity, by reason of acceleration or otherwise) of interest on any Loan, Note or Reimbursement Obligation or the payment of any other Obligation.

Appears in 5 contracts

Samples: Credit Agreement (Belk Inc), Credit Agreement (Belk Inc), Credit Agreement (Belk Inc)

AutoNDA by SimpleDocs

Other Payment Default. The Borrowers Borrower shall default in the payment when and as due (whether at maturity, by reason of acceleration or otherwise) of interest on any Loan, Note or Reimbursement Obligation or the payment of any other Obligation.

Appears in 5 contracts

Samples: Credit Agreement (Performance Food Group Co), Credit Agreement (Hickory Tech Corp), Credit Agreement (Hickory Tech Corp)

Other Payment Default. The Borrowers shall default in the payment when and as due (whether at maturity, by reason of acceleration or otherwise) of interest on any Loan, Loan or Note or Reimbursement Obligation or the payment of any other Obligation.

Appears in 4 contracts

Samples: Credit Agreement (Med Waste Inc), Credit Agreement (Imagemax Inc), Bridge Credit Agreement (Belk Inc)

Other Payment Default. The Borrowers Borrower shall default in the payment when and as due (whether at maturity, by reason of acceleration or otherwise) of interest on any Loan, Loan or the Note or Reimbursement Obligation or the payment of any other Obligation.

Appears in 1 contract

Samples: Credit Agreement (Penske Motorsports Inc)

AutoNDA by SimpleDocs

Other Payment Default. The Borrowers Any Borrower shall default in the payment --------------------- when and as due (whether at maturity, by reason of acceleration or otherwise) of interest on any Loan, Loan or Note or Reimbursement Obligation or the payment of any other Obligation.

Appears in 1 contract

Samples: Credit Agreement (Maxim Group Inc /)

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