Common use of Payment Default Clause in Contracts

Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension when due, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day cure period shall not apply to payments due on the Revolving Line Maturity Date, Existing Equipment Term Loan Maturity Date or Term Loan Maturity Date). During the cure period, the failure to make or pay any payment specified under clause (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);

Payment Default. Borrower fails to (a) make any payment of principal principal, interest or interest Finance Charge on any Credit Extension when dueExtension, or any payment of any Facility Fees, in each case on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day cure period shall not apply to payments due on the Revolving Line Maturity Date, Existing Equipment Term Loan Maturity Date or the Term Loan Maturity Date). During the cure period, the failure to make or pay any payment specified under clause (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);

Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension when dueon its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day cure period shall not apply to payments due on the Revolving Line Maturity Datescheduled maturity date therefor in accordance with the provisions set forth in Section 2.1.1 and 2.1.2, Existing Equipment Term Loan Maturity Date or Term Loan Maturity Dateas applicable). During the cure period, the failure to make or pay any payment specified under clause (a) or (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);

Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension when due, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day cure period shall not apply to payments due on the Revolving Line Maturity Date, Existing Equipment Term Loan Growth Capital Maturity Date or Term Loan Supplemental Growth Capital Maturity Date). During the cure period, the failure to make or pay any payment specified under clause (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);

Payment Default. If Borrower fails to (a) make any payment of principal or interest on any Credit Extension when dueon its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day cure period shall not apply to payments due on the Revolving Line Maturity Date, Existing Equipment Term Loan Maturity Date or Term Loan EXIM Maturity Date). During the cure period, the failure to make or pay any payment specified under clause (a) or (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);.

Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension when due, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day cure period shall not apply to payments due on the Revolving Line Maturity Date and/or the Term Loa [sic] Maturity Date, Existing Equipment Term Loan Maturity Date or Term Loan Maturity Dateas applicable). During the cure period, the failure to make or pay any payment specified under clause (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);

Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension when dueon its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day cure period shall not apply to payments due on the the Revolving Line Maturity Date, Existing Equipment Term Loan Maturity Date or Term Loan the Growth Capital Maturity Date). During the cure period, the failure to make or pay any payment specified under clause (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);.

Payment Default. Borrower fails Borrowers fail to (a) make any payment of principal or interest on any Credit Extension when dueon its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day cure period shall not apply to payments due on the Revolving Formula Line Maturity Date, Existing Equipment Term Loan the Revolving Non-Formula Line Maturity Date or Term Loan and/or the Equipment Maturity Date). During the cure period, the failure to make or pay any payment specified under clause (a) or (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);

Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension when dueon its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day cure period shall not apply to payments due on the Revolving Line Maturity Date, Existing the Equipment Maturity Date, the Tranche 1 Term Loan Maturity Date or Tranche 2 Term Loan Maturity Date). During the cure periodthree (3) Business Day period under (b) above, the failure to make or pay any cure the payment specified under clause (b) hereunder is default shall not be an Event of Default (but no Credit Extension Extensions will be made during the such cure period);.

Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension when due, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day cure period shall not apply to payments due on the Revolving Line Maturity Date, Existing Equipment Term A Loan Maturity Date or the Term B Loan Maturity Date, as applicable). During the cure period, the failure to make or pay any payment specified under clause (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);

Payment Default. Borrower fails to (a) make any payment of principal on its due date, or make any payment of interest on any Credit Extension when duewithin three (3) Business Days of its due date (which three (3) Business Day grace period shall not apply to payments due on the Revolving Line Maturity Date), or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day cure grace period shall not apply to payments due on the Revolving Line Maturity Date, Existing Equipment Term Loan Maturity Date or Term Loan Maturity Date). During the applicable cure period, the failure to make or pay any cure the payment specified under clause (b) hereunder default is not an Event of Default (but no Credit Extension will be made during the cure period);

Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension when duewithin three (3) Business Days after such amounts are due and payable, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day cure period shall not apply to payments due on the Revolving Line Maturity Date, Existing Equipment Term Loan Maturity Date or Term Loan Maturity Date). During the cure period, the failure to make or pay any payment specified under clause (a) or (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);

Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension when dueon its due date, or (b) pay any other Loan Obligations within three (3) Business Days after such Loan Obligations are due and payable (which three (3) Business Day cure period shall not apply to payments due on the Revolving Line Maturity Date, Existing Equipment Term Loan Maturity Date or the Term Loan Maturity Date, as applicable). During the cure period, the failure to make or pay any payment specified under clause (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);

Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension when dueon its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day cure period shall not apply to payments due on the Revolving Line Maturity Date, Existing Equipment Term Loan Maturity Date or Term Loan Maturity Date). During the cure period, the failure to make or pay any payment specified under clause (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);

Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension when dueon its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day cure period shall not apply to payments due on the Revolving Line Maturity Date, Existing applicable Equipment Term Loan Maturity Date or Term Loan the Facility B Equipment Maturity Date). During the cure period, the failure to make or pay any payment specified under clause (a) or (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);”

Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension when dueon its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day cure period shall not apply to payments due on the Revolving Line Maturity Date and/or the Term Loan 2011 Maturity Date, Existing Equipment Term Loan Maturity Date or Term Loan Maturity Dateas applicable). During the cure period, the failure to make or pay any payment specified under clause (a) or (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);”

Payment Default. Borrower fails to (ai) make any payment of principal or interest on any Credit Extension when due, or (bii) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day cure period shall not apply to payments due on the Revolving Line Maturity Date, Existing Equipment Term Loan Maturity Date Date, Term Loan Maturity Date, or the Supplemental Term Loan Maturity Date). During the cure period, the failure to make or pay any payment specified under clause (bii) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);

Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension when dueon its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day cure period shall not apply to payments due on the Revolving Line Maturity Date, Existing Equipment Date and/or the Term Loan Maturity Date or Term Loan 2015 Maturity Date). During the cure period, the failure to make or pay any payment specified under clause (a) or (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);”

Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension when due, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day cure period shall not apply to payments due on the Revolving Line Maturity Date, Existing the Prior Equipment Term Loan Maturity Date or Term Loan Date, and the Prior Supplemental Equipment Maturity Date). During the cure period, the failure to make or pay any payment specified under clause (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);

Payment Default. If a Borrower fails to (ai) make any payment of principal or interest on any Credit Extension when due, or (bii) pay any other Obligations within three (3) Business Days after such Obligations are Obligation is due and payable (which three (3) Business Day cure period shall not apply to payments due on the Revolving Line Maturity Date, Existing Equipment Term Loan Maturity Date or Term Loan Maturity Datethe date of acceleration pursuant to Section 9.1(a) hereof). During For the avoidance of doubt, during such three (3) Business Day cure period, the failure to make or pay any cure a payment specified default under clause (b) hereunder is ii), above, shall not be deemed an Event of Default (but no Credit Extension will be made during the such cure period);

Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension when dueon its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day cure period shall not apply to payments due on the Revolving Line applicable Growth Capital Maturity Date, Existing Equipment Term Loan the 2012 Growth Capital Maturity Date Date, or Term Loan the 2014 Growth Capital Maturity Date). During the cure period, the failure to make or pay any payment specified under clause (a) or (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);”

Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension when dueon its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations (under (a) or (b) above) are due and payable (which three (3) Business Day cure grace period shall not apply to payments due on the Revolving Line Maturity Date, Existing Equipment Term Loan Maturity Date or Prior Term Loan Maturity Date, or the date of acceleration pursuant to Section 9.1(a) herein). During the cure period, the failure to make or pay any cure the payment specified under clause (b) hereunder default is not an Event of Default (but no Credit Extension will be made during the cure period);

Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension when dueon its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day cure period shall not apply to payments due on the Revolving Line Maturity Date and/or the Equipment Maturity Date, Existing Equipment Term Loan Maturity Date or Term Loan Maturity Dateas applicable). During the cure period, the failure to make or pay any payment specified under clause (a) or (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);

Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension when dueon its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day cure period shall not apply to payments due on the Revolving Line Maturity Date, Existing Equipment Term Loan Maturity Date or Term Loan Maturity Date). During the cure period, the failure to make or pay any payment specified under clause (a) or (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);

Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension when dueon its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day cure day grace period shall not apply to payments due on the Revolving Line Maturity Date, Existing Equipment the Tranche I Term Loan Maturity Date, the Tranche II Term Loan Maturity Date or the Term Loan Advance Maturity Date). During the cure period, the failure to make or pay any cure the payment specified under clause (b) hereunder default is not an Event of Default (but no Credit Extension will be made during the cure period);”

Payment Default. Borrower fails Borrowers fail to (a) make any payment of principal or interest on any Credit Extension when dueon its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day cure period shall not apply to payments due on the Revolving Line Maturity Date, Existing Equipment Term Loan Maturity Date or Term Loan Maturity Date). During the cure period, the failure to make or pay any payment specified under clause (a) or (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);

Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension when dueon its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day cure period shall not apply to payments due on the Revolving Line Maturity Date, Existing Equipment the Term Loan Maturity Date or Term Loan the Equipment Maturity Date). During the cure period, the failure to make or pay any payment specified under clause (a) or (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);.”

Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension when dueon its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day cure period shall not apply to payments due on the Revolving Line Maturity Date, Existing Equipment Date and/or the Term Loan Maturity Date or Term Loan 2014 Maturity Date). During the cure period, the failure to make or pay any payment specified under clause (a) or (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);”

Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension when duewithin three (3) Business Days of its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day cure period shall not apply to payments due on the Revolving Line Maturity Date, Existing Equipment 2014 Term Loan Maturity Date or Term Loan and/or the Revolving Line Maturity Date). During the cure period, the failure to make or pay any payment specified under clause (a) or (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);

Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension when due, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day cure period shall not apply to payments due on the Revolving Line Maturity Date, Date or the Existing Equipment Term Loan Maturity Date or Term Loan Advance Maturity Date). During the cure period, the failure to make or pay any payment specified under clause (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);

Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension when due, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day cure period shall not apply to payments due on the Revolving Line Maturity Date, Existing Equipment the Term Loan Maturity Date or the Existing Term Loan Maturity Date). During the cure period, the failure to make or pay any payment specified under clause (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);

Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension when dueon its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day cure period shall not apply to payments due on the Revolving Line Term Loan 2015 Maturity Date, Existing Date or Equipment Term Loan Maturity Date or Term Loan 2015 Maturity Date). During the cure period, the failure to make or pay any payment specified under clause (a) or (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);”

Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension when dueExtension, or any payment of the Unused Commitment Fee, on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day cure period shall not apply to payments due on the Revolving Line Maturity Date, Existing Equipment applicable Term Loan Maturity Date or the applicable 2013 Term Loan Maturity Date). During the cure period, the failure to make or pay any payment specified under clause (a) or (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);”

Payment Default. Borrower fails to (a) make any payment of principal principal, interest or interest Finance Charges on any Credit Extension when dueExtension, or any payment of the Unused Line Fee, in each case on its respective due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day cure period shall not apply to payments due on the Revolving Line Maturity Date, Existing Equipment Term Loan Maturity Date or the Term Loan Maturity Date). During the cure period, the failure to make or pay any cure the payment specified under clause (b) hereunder default is not an Event of Default (but no Credit Extension will be made during the cure period);

Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension when dueon its due date, or (b) pay any other Obligations Obligations, in each case within three (3) Business Days after such payment of principal or interest or such Obligations are due and payable (which three (3) Business Day cure period shall not apply to payments due on the Revolving Line Maturity Date, Existing Equipment Term Loan Maturity Date or the Term Loan Maturity Date). During the cure period, the failure to make or pay any payment specified under clause (a) or (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);

Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension when due, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day cure period shall not apply to payments due on the Revolving Line Maturity Date, Existing Equipment Term Loan Maturity Date or the Term Loan Maturity Date). During the cure period, the failure to make or pay any payment specified under clause (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);”

Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension when dueon its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day cure period shall not apply to payments due on the Revolving Line Maturity Date, Existing Equipment Term Loan Maturity Date or and/or the Term Loan Maturity Date, as applicable). During the cure period, the failure to make or pay any payment specified under clause (a) or (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);

Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension when dueon its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day cure period shall not apply to payments due on the Revolving Line Maturity Date, Existing Equipment Term Loan Maturity Date or Second Supplemental Term Loan Maturity Date). During the cure period, the failure to make or pay any payment specified under clause (a) or (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);