Common use of Payment of Interest and Fees Clause in Contracts

Payment of Interest and Fees. if the Borrower defaults in the payment of: i. any interest (including, if applicable, default interest) due on any Advance under this Commitment; ii. any fee with respect to this Commitment, including Lender Fee, Renewal Fee, etc. any other amount not specifically referred to herein payable by Borrower to the Mortgage Agent or the Lenders (or any of them) hereunder when due and payable; and such default continues for three (3) Business Days after notice of such default has been given by the Lender to the Borrower;

Appears in 3 contracts

Samples: Loan Agreement, Loan Agreement, Commitment Letter

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Payment of Interest and Fees. if the Borrower defaults in the payment of: i. any interest (including, if applicable, default interest) due on any Advance under this Commitment; ii. any fee with respect to this Commitment, including Lender Fee, Renewal Fee, etc. iii. any other amount not specifically referred to herein payable by Borrower to the Mortgage Agent or the Lenders (or any of them) hereunder when due and payable; and such default continues for three (3) Business Days after notice of such default has been given by the Lender to the Borrower;

Appears in 2 contracts

Samples: Loan Agreement, Loan Agreement

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Payment of Interest and Fees. if the Borrower defaults in the payment of: i. any interest (including, if applicable, default interest) due on any Advance under this Commitment; ii. any fee with respect to this Commitment, including Lender Fee[broker fees, Renewal Fee, etcrenewal fees;] iii. any other amount not specifically referred to herein payable by Borrower to the Mortgage Agent or the Lenders Lender (or any of them) hereunder when due and payable; and such default continues for three (3) Business Days after notice of such default has been given by the Lender to the Borrower;

Appears in 1 contract

Samples: Land Acquisition Loan Agreement

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