Common use of Payment of Obligation Clause in Contracts

Payment of Obligation. Failure to pay any principal of any Loan or any Reimbursement Obligation when due whether at maturity, by declaration as authorized by this Agreement, or otherwise; or failure to pay, within five Business Days after the due date thereof, any interest on any Loan or any Reimbursement Obligation; or failure to pay, within five Business Days after the due date thereof, or if no due date therefor is herein specified within five Business Days after written demand therefor is given to the Company by the Paying Agent, any fee or other amount payable by the Company hereunder or under any of the other Loan Papers.

Appears in 5 contracts

Samples: Revolving Credit Facility Agreement (Southwest Airlines Co), Revolving Credit Facility Agreement (Southwest Airlines Co), Revolving Credit Facility Agreement (Southwest Airlines Co)

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Payment of Obligation. Failure to pay any principal of any Loan or any Reimbursement Obligation when due whether at maturity, by declaration as authorized by this Agreement, or otherwise; or failure to pay, within five Business Days after the due date thereof, any interest on any Loan or any Reimbursement ObligationLoan; or failure to pay, within five Business Days after the due date thereof, or if no due date therefor is herein specified within five Business Days after written demand therefor is given to the Company by the Paying Administrative Agent, any fee or other amount payable by the Company hereunder or under any of the other Loan Papers.

Appears in 2 contracts

Samples: Credit Agreement (Southwest Airlines Co), Day Credit Agreement (Southwest Airlines Co)

Payment of Obligation. Failure to pay any installment of principal of on any Loan or any Reimbursement Obligation when due whether at maturity, by declaration as authorized by this Agreement, or otherwise; or failure to pay, within five 5 Business Days after the due date thereof, any interest on any Loan or any Reimbursement Obligation; or failure to pay, within five 5 Business Days after the due date thereof, or if no due date therefor is herein specified within five 5 Business Days after written demand therefor is given to the Company by the Paying Administrative Agent, any fee or other amount payable by the Company hereunder or under any of the other Loan Papers.

Appears in 2 contracts

Samples: Credit Facility Agreement (Southwest Airlines Co), Competitive Advance and Revolving Credit Facility Agreement (Southwest Airlines Co)

Payment of Obligation. Failure to pay any installment of principal of on any Loan or any Reimbursement Obligation when due whether at maturity, by declaration as authorized by this Agreement, or otherwise; or failure to pay, within five 5 Business Days after the due date thereof, any interest on any Loan or any Reimbursement Obligation; or failure to pay, within five 5 Business Days after the due date thereof, or if no due date therefor is herein specified within five 5 Business Days after written demand therefor is given to the Company by the Paying Administrative Agent, any fee or other amount payable by the Company hereunder or under any of the other Loan Papers.

Appears in 2 contracts

Samples: Credit Agreement (Southwest Airlines Co), Revolving Credit Facility Agreement (Southwest Airlines Co)

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Payment of Obligation. Failure to pay any installment of principal of on any Loan or any Reimbursement Obligation when due whether at maturity, by declaration as authorized by this Agreement, or otherwise; or failure to pay, within five 5 Business Days after the due date thereof, any interest on any Loan or any Reimbursement Obligation; or failure to pay, within five 5 Business Days after the due date thereof, or if no due date therefor is herein specified within five 5 Business Days after written demand therefor is given to the Company by the Paying Agent, any fee or other amount payable by the Company hereunder or under any of the other Loan Papers.

Appears in 1 contract

Samples: Revolving Credit Facility Agreement (Southwest Airlines Co)

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