Common use of Borrower's Failure to Pay Clause in Contracts

Borrower's Failure to Pay. The Borrowers fail to pay any amount of principal, interest, fees or other sums as and when due under this Agreement or any of the Loan Documents, whether upon stated maturity, acceleration, or otherwise and have not remedied and fully cured such failure to pay within ten (10) Business Days after the date such payment is so due.

Appears in 2 contracts

Sources: Loan Agreement (Nutrition Management Services Co/Pa), Loan Agreement (Nutrition Management Services Co/Pa)

Borrower's Failure to Pay. The Borrowers fail Borrower fails to pay any amount of principal, principal interest, fees or other sums as and when due under this Agreement or any of the Loan Documents, or any other Obligations, whether upon stated maturity, acceleration, or otherwise and have has not remedied and fully cured such failure to pay within ten (10) Business Days after the date such payment is so due.

Appears in 2 contracts

Sources: Loan Agreement (Blonder Tongue Laboratories Inc), Loan Agreement (Blonder Tongue Laboratories Inc)

Borrower's Failure to Pay. The Borrowers fail Borrower fails to pay any amount ------------------------- of principal, principal interest, fees or other sums as and when due under this Agreement or any of the Loan Documents, or any other Obligations, whether upon stated maturity, acceleration, or otherwise and have has not remedied and fully cured such failure to pay within ten five (105) Business Days after the date such payment is so due.

Appears in 1 contract

Sources: Revolving Credit Agreement (Centocor Diagnostics Inc)

Borrower's Failure to Pay. The Borrowers jointly or severally fail to pay (a) any amount of principalprincipal as and when due under this Agreement or any of the Loan Documents, whether upon stated maturity, acceleration, or otherwise and (b) interest, fees or other sums as and when due under this Agreement or any of the Loan Documents, whether upon stated maturity, acceleration, or otherwise and have not remedied and fully cured such failure to pay within ten (10) Business Days after the date such payment is so due.

Appears in 1 contract

Sources: Loan and Agency Agreement (Intermagnetics General Corp)

Borrower's Failure to Pay. The Borrowers jointly or severally fail to pay any amount of principal, interest, fees or other sums as and when due under this Agreement or any of the Loan Documents, whether upon stated maturity, acceleration, or otherwise and have not remedied and fully cured such failure to pay within ten (10) Business Days after the date such payment is so due.

Appears in 1 contract

Sources: Loan and Agency Agreement (Intermagnetics General Corp)