Common use of Enumeration of Events of Default Clause in Contracts

Enumeration of Events of Default. Any of the following events shall be considered an Event of Default as that term is used herein: (a) Default shall be made by the Borrower in the payment of any installment of principal or interest (including, without limitation, any mandatory prepayments payable pursuant to either Section 2.07 or 2.08 of this Agreement) on the Notes, any LC Fee or any other

Appears in 2 contracts

Sources: Reducing Revolving Credit Agreement (Energy Partners LTD), Reducing Revolving Credit Agreement (Energy Partners LTD)

Enumeration of Events of Default. Any of the following events shall be considered an Event of Default as that term is used herein: (a) Default shall be made by the Borrower in the payment of any installment of principal or interest (including, without limitation, any mandatory prepayments payable pursuant to either Section 2.07 or 2.08 of this Agreement) on the NotesNote, (b) Default shall be made by Borrower in the payment of any installment of interest on the Note, any LC Fee or any otherfees or other monetary obligation payable hereunder, and such default shall remain unremedied in excess of three (3) days after notice being given by Bank,

Appears in 1 contract

Sources: Loan Agreement (Carrizo Oil & Gas Inc)