Common use of Payments under Credit Documents Clause in Contracts

Payments under Credit Documents. The Borrower shall default in the payment when due of any principal of any Loan. The Borrower shall default in the payment when due of any interest on any Loan, of any Fee or any other Obligations payable by it hereunder or under any other Credit Document, or any other Loan Party shall default in the payment when due of any amount payable by it under any Credit Document to which such Loan Party is a party, and such default shall continue for a period of five Business Days.

Appears in 2 contracts

Samples: Credit Agreement (Serologicals Corp), Credit Agreement (Serologicals Corp)

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Payments under Credit Documents. The Borrower Company or any other Loan Party shall default in the payment when due of any principal of any Loan. The Borrower Company shall default in the payment when due of any interest on any Loan, of Loan or any Fee fee or any other Obligations payable by it hereunder or under any other Credit Document, or any other Loan Party shall default in the payment when due of any other amount payable by it under any Credit Document to which such Loan Party is a party, party and such default shall continue unremedied for a period of five Business Daysdays after the Company or such other Loan Party receives notice of such default.

Appears in 1 contract

Samples: Credit Agreement (Docucorp Inc)

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Payments under Credit Documents. The Borrower Company shall default in the payment when due of any principal of any Loan. The Borrower shall default in the payment when due of , any interest on any Loan, of Loan or any Fee fee or any other Obligations payable by it hereunder or under any other Credit Document, or any other Loan Party shall default in the payment when due of any principal, interest, fee or any other amount payable by it under any Credit Document to which such Loan Party is a party, and such which default in the case of a payment other than a payment of principal or interest shall continue for a period of five Business Days.

Appears in 1 contract

Samples: Credit Agreement (Serologicals Corp)

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