Common use of Other Payment Default Clause in Contracts

Other Payment Default. The Borrower shall default in the payment of interest on the Term Loan or any other payment obligation under this Agreement after the same becomes due hereunder and such default shall continue unremedied for three days;

Appears in 8 contracts

Samples: Term Loan and Security Agreement (AeroGrow International, Inc.), Term Loan and Security Agreement (AeroGrow International, Inc.), Term Loan and Security Agreement (AeroGrow International, Inc.)

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Other Payment Default. The Borrower shall default in the payment of interest on the Term Loan or any other payment obligation under this Agreement after the same becomes due hereunder and such default shall continue unremedied for three days;; (c)

Appears in 1 contract

Samples: Term Loan and Security Agreement

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