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 on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable. During the cure period, the failure to cure the payment default 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 pay any payment of principal or interest on any Credit Extension on its the Obligations within 3 days after their due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable. During the cure period, additional period the failure to cure the payment 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 on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payablepayable (which three day grace period will not apply to payments due on the Maturity Date). During the cure period, the failure to cure the payment 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 on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable. During the cure period, the failure to cure the payment 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 on its due date, or (b) pay any other Obligations within three five (35) Business Days after such Obligations are due and payable. During the cure period, the failure to cure the payment default is not an Event of Default (but no Credit Extension will be made during the cure period);

Payment Default. Any Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three ten (310) Business Days after such Obligations are due and payable. During the cure period, the failure to cure the payment default is not an Event of Default (but no Credit Extension will be made during the cure period);

Payment Default. If Borrower fails to pay (a) make any payment of the principal or interest on portion of any Credit Extension on its due datewhen due, or (b) pay any other monetary Obligations within three (3) Business Days days after such Obligations are due and payablewritten notice to Borrower. During the any cure period, the failure to cure the payment 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 principal’ or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable. During the cure period, the failure to cure the payment 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 on within 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. During the cure period, the failure to cure the make or pay any payment default 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 falls to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable. During the cure period, the failure to cure the payment 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 on its due datewhen due, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable. During the cure period, the failure to cure the make or pay any payment default 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 on its due date, or (b) pay any other Obligations within three (3) Business Days days after such Obligations are due and payablepayable (which three (3) day grace period shall not apply to payments due on the Maturity Date). During the cure period, the failure to cure the payment default is not an Event of Default (but no Credit Extension will be made during the cure period);

Payment Default. Any Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable. During the cure period, the failure to cure the payment 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 on its when due date, or (b) pay any interest or other Obligations within three (3) Business Days after such Obligations are due and payable. During the cure period, the failure to cure the make or pay any payment default specified under clause (b) hereunder is not an Event of Default (but no Lender shall not be required to make any Credit Extension will be made during the cure period);

Payment Default. Borrower fails to (a) make any payment of principal or on any Credit Extension on its due date (including prepayments required under Section 2.2), (b) make any payment of interest on any Credit Extension on its due date, date within three (3) days of its due date or (bc) pay any other Obligations within three ten (310) Business Days days after such Obligations are due and payable. During the cure period, the failure to cure the payment 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 on its due date, or (b) pay any other Obligations within three (3) Business Days after the Bank notifies the Borrower of such Obligations are due and payablefailure. During the cure period, the failure to cure the make or pay any payment default 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 pay (a) make any payment the principal portion of principal or interest on any Credit Extension on its due datewhen due, or (b) pay the interest portion of any Credit Extension within three (3) Business days after the date due, or (c) any other monetary Obligations within three (3) Business Days after payment of such Obligations are due and payableother Obligation becomes delinquent. During the any cure period, the failure to cure the payment default is not an Event of Default (but no Credit Extension Extensions will be made during the cure period);. EXECUTION COPY

Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payablepayable (other than Bank Expenses, which must be paid within 15 days after invoicing). During the cure period, the failure to cure the payment default is not an Event of Default (but no Credit Extension will be made during the cure period);

Payment Default. Borrower or any Subsidiary fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable. During the cure period, the failure to cure the payment 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 on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payablepayable (which grace period will not apply to payments due on the Maturity Date). During the cure period, the failure to cure the payment 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 on its due date, or (b) pay any other Obligations Obligations, including, without limitation, any arising under the EXIM Loan Agreement, in either case, within three (3) Business Days after such Obligations are due and payable. During the cure period, the failure to cure the payment default is not an Event of Default (but no Credit Extension will be made during the cure period);

Payment Default. Borrower fails If Borrowers fail to pay (a) make any payment the principal portion of principal or interest on any Credit Extension on its due datewhen due, or (b) pay the interest portion of any Credit Extension within three (3) Business Days after the date due, or (c) any other monetary Obligations within three (3) Business Days after payment of such Obligations are due and payableother Obligation becomes delinquent. During the any cure period, the failure to cure the payment default is not an Event of Default (but no Credit Extension Extensions will be made during the cure period);.

Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable. During the cure period, the failure to cure the payment 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 or the Term Loan on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable. During the cure period, the failure to cure the payment 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 on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable. During the cure period, the failure to cure the make or pay any payment default 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 any Borrower fails to pay (a) make any payment the principal of principal or interest on any Credit Extension on its due datethe date when such payment is due, or (b) pay the interest portion or any other Obligations within three (3) Business Days days after such Obligations are due and payableamounts become due. During the any cure period, the failure to cure the payment 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 on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable. During the cure period, the failure to cure the make or pay any payment default 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. A Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable. During the cure period, the failure to cure the payment 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 on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable. During the cure period, the failure to cure the make or pay any payment default specified under clause (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period);; 7.2

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

Payment Default. If Borrower fails to pay (a) make any payment the principal portion of principal or interest on any Credit Extension on its due datewhen due, or (b) pay the interest portion of any Credit Extension within three (3) Business days after the date due, or (c) any other monetary Obligations within three (3) Business Days after payment of such Obligations are due and payableother Obligation becomes delinquent. During the any cure period, the failure to cure the payment default is not an Event of Default (but no Credit Extension Extensions will be made during the cure period);.

Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations Obligations, including, without limitation, any arising under the Domestic Loan Agreement, in either case, within three (3) Business Days after such Obligations are due and payable. During the cure period, the failure to cure the payment 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 on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payablepayable (which three (3) day cure period shall not apply to payments due on the Revolving Line Maturity Date). During the cure period, the failure to cure the payment default is not an Event of Default (but no Credit Extension will be made during the cure period);