Common use of Payment of Interest and Other Amounts Clause in Contracts

Payment of Interest and Other Amounts. The Borrowers shall fail to pay any interest, stamping fee, Contingent Payment Letter fee or any other amount due under this Agreement (other than a Borrowing described in paragraph (a)) as and when the same shall become due and payable, and such default shall have continued for a period of three Business Days after notice from the Administration Agent;

Appears in 4 contracts

Samples: Credit Agreement (Pope & Talbot Inc /De/), Credit Agreement (Pope & Talbot Inc /De/), Credit Agreement (Pope & Talbot Inc /De/)

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Payment of Interest and Other Amounts. The Borrowers shall fail to pay any interest, stamping fee, Contingent Payment Letter fee Stamping Fee or any other amount due under this Agreement (other than a Borrowing described in paragraph (a)) as and when the same shall become due and payable, and such default shall have continued for a period of three five Business Days after written notice from the Administration AgentLenders or any of them specifying such default;

Appears in 2 contracts

Samples: Credit Agreement (Crystal Springs of Seattle Inc), Credit Agreement (Sparkling Spring Water Group LTD)

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