Common use of Payment of Obligation Clause in Contracts

Payment of Obligation. The failure or refusal of any Obligor to pay any portion of the Obligation, as the same becomes due in accordance with the terms of the Loan Documents.

Appears in 3 contracts

Samples: Credit Agreement (Affiliated Computer Services Inc), Credit Agreement (Affiliated Computer Services Inc), Credit Agreement (Affiliated Computer Services Inc)

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Payment of Obligation. The failure or refusal of any Obligor Borrower to pay any portion of the Obligation, as the same becomes due in accordance with the terms of the Loan Documents.

Appears in 3 contracts

Samples: Credit Agreement (Affiliated Computer Services Inc), Credit Agreement (Affiliated Computer Services Inc), Credit Agreement (Northern Border Partners Lp)

Payment of Obligation. The failure or refusal of any Obligor Borrower to pay --------------------- any portion of the Obligation, Obligation as the same becomes due in accordance with the terms of the Loan Documents.

Appears in 1 contract

Samples: Loan Agreement (Petroglyph Energy Inc)

Payment of Obligation. The failure or refusal of any Obligor either Borrower to --------------------- pay any portion of the Obligation, Obligation as the same becomes due in accordance with the terms of the Loan Documents.

Appears in 1 contract

Samples: Loan Agreement (Petroglyph Energy Inc)

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Payment of Obligation. The failure or refusal of any Obligor Borrower to pay any portion of (a) the Obligation, as or any part thereof, when the same becomes due (whether by its terms, by acceleration, or as otherwise provided in accordance with the terms of the Loan DocumentsPapers); and (b) the indemnifications and reimbursement obligations provided for in the Loan Papers after demand therefor.

Appears in 1 contract

Samples: , and Consolidated Credit Agreement (Bank of America Corp /De/)

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