Common use of Payments to be Made Upon Default Clause in Contracts

Payments to be Made Upon Default. If any Loan Party fails to pay or perform any Guaranteed Obligation when due in accordance with its terms (whether at stated maturity, by acceleration or otherwise) or if any Default or Event of Default specified in Section 8.01(f) or (g) of the Credit Agreement occurs with respect to any Loan Party, the Canadian Guarantors shall, forthwith on demand of the Administrative Agent, pay the aggregate amount of all Guaranteed Obligations due and owing to the Administrative Agent.

Appears in 4 contracts

Samples: Credit Agreement (Masonite International Corp), Canadian Guarantee (Masonite International Corp), Canadian Guarantee (Masonite International Corp)

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