Principal or Interest Payment Default. The Borrower shall fail to pay any principal of or interest on the Loans, when and as the same shall become due and payable, whether at the due date thereof, at a date fixed for prepayment thereof or otherwise.
Appears in 16 contracts
Samples: Credit Agreement (Neuronetics, Inc.), Credit Agreement (Apyx Medical Corp), Credit Agreement (Allurion Technologies, Inc.)
Principal or Interest Payment Default. The Borrower shall fail to pay any principal of or interest on the LoansTerm Loan, when and as the same shall become due and payable, whether at the due date thereof, at a date fixed for prepayment thereof or otherwise.
Appears in 10 contracts
Samples: Forbearance Agreement and Third Amendment to Credit Agreement and Guaranty (Icagen, Inc.), Forbearance Agreement and First Amendment to Credit Agreement and Guaranty (Icagen, Inc.), Forbearance Agreement and Second Amendment to Credit Agreement and Guaranty (Icagen, Inc.)
Principal or Interest Payment Default. The Borrower shall fail to pay any principal of or interest on the Loans, pay: (i) when and as the same shall become due and payable, any amount of principal of on the Loans, whether at the due date thereof, thereof or at a date fixed for prepayment thereof or otherwise; or (ii) within three (3) Business Days after the same shall become due and payable, any interest on the Loans.
Appears in 3 contracts
Samples: Credit Agreement (Sonendo, Inc.), Credit Agreement (Sonendo, Inc.), Credit Agreement (Sonendo, Inc.)
Principal or Interest Payment Default. The Borrower shall fail to pay (i) any principal of or interest on the Loans, when and as the same shall become due and payable, whether at the due date thereof, at a date fixed for prepayment thereof or otherwiseotherwise or (ii) any interest on the Loans, when and as the same shall become due and payable, and such failure shall continue unremedied for a period of two (2) Business Days.
Appears in 2 contracts
Samples: Credit Agreement (Oyster Point Pharma, Inc.), Credit Agreement (Oyster Point Pharma, Inc.)
Principal or Interest Payment Default. The Borrower shall fail to pay any principal of or interest on the Loans, when and as the same shall become due and payable, whether at the due date thereof, at a date fixed for prepayment thereof or otherwise.. ny-2328495
Appears in 1 contract
Principal or Interest Payment Default. The Borrower shall fail to pay any principal of or interest on the LoansLoan, when and as the same shall become due and payable, whether at the due date thereof, at a date fixed for prepayment thereof or otherwise.
Appears in 1 contract
Samples: Credit Agreement (Athenex, Inc.)
Principal or Interest Payment Default. The Borrower shall fail to pay any principal of or interest on the Loans, pay: (i) when and as the same shall become due and payable, any amount of principal of on the Loans, whether at the due date thereof, thereof or at a date fixed for prepayment thereof or otherwise; or (ii) within three Business Days after the same shall become due and payable, any interest on the Loans.
Appears in 1 contract
Principal or Interest Payment Default. The Borrower shall fail to pay any principal of or interest on the Loans, when and as the same shall become due and payable, whether at the due date thereof, at a date fixed for prepayment thereof or otherwise.
Appears in 1 contract
Samples: Credit Agreement (CareDx, Inc.)
