Common use of Failure to Make Payments Clause in Contracts

Failure to Make Payments. The Borrower (i) shall fail to pay as and when due (whether at stated maturity, upon acceleration, upon required prepayment or otherwise) any principal of any Loan, or (ii) shall fail to pay any interest, Fees or other amounts (other than principal) payable under the Loan Documents within five days of the date when due under the Loan Documents;

Appears in 4 contracts

Sources: Revolving Credit Facility (Nordstrom Inc), Revolving Credit Facility (Nordstrom Inc), Revolving Credit Facility (Nordstrom Inc)

Failure to Make Payments. The Borrower (i) shall fail to pay as and when due (whether at stated maturity, upon acceleration, upon required prepayment or otherwise) ), and in the currency required hereunder, any principal of any LoanLoan or any L/C Obligation, or (ii) shall fail to pay any interest, Fees or other amounts (other than principal) payable under the Loan Documents within five days of the date when due under the Loan Documents;

Appears in 3 contracts

Sources: Revolving Credit Facility (Nordstrom Inc), Revolving Credit Facility (Nordstrom Inc), Revolving Credit Facility (Nordstrom Inc)

Failure to Make Payments. The Borrower (i) shall fail to pay as and when due (whether at stated maturity, upon acceleration, upon required prepayment or otherwise) any principal of any the Loan, or (ii) shall fail to pay any interestfees, Fees charges, expenses or other amounts (other than principal) disbursements payable by the Borrower under the Loan Documents within five days Business Days of the date when due under the Loan Documents;; or

Appears in 2 contracts

Sources: Credit Agreement (Ipsco Tubulars Inc), Credit Agreement (Ipsco Tubulars Inc)

Failure to Make Payments. The Borrower (ia) shall fail to pay as and when due (whether at stated maturity, upon acceleration, upon required prepayment or otherwise) any principal of any LoanLoan or any reimbursement for a drawing under any Letter of Credit, or (iib) shall fail to pay any interest, Fees or other amounts (other than principal) payable under the Loan Documents within five days three Business Days of the date when due under the Loan Documents;; or

Appears in 2 contracts

Sources: Senior Secured Credit Agreement (Adflex Solutions Inc), Senior Secured Credit Agreement (Informix Corp)

Failure to Make Payments. The Borrower (i) shall fail to pay as and when due ------------------------ any principal (whether at stated maturity, upon acceleration, upon required prepayment by notice of or other requirement of prepayment, by operation of Section 2.05 or otherwise) of or interest on either of the Term Loans or any principal of any Revolving Loan, or (ii) shall fail to pay within three (3) Business Days after the Lender notifies the Borrower that such amount has become due any interestfees, Fees costs, expenses or other amounts (other than principal) payable hereunder or under the Loan Documents within five days of the date when due under the Notes or any other Loan Documents;

Appears in 2 contracts

Sources: Senior Secured Credit Agreement (Cb Commercial Real Estate Services Group Inc), Senior Secured Credit Agreement (Cb Commercial Holdings Inc)

Failure to Make Payments. The Borrower (i) shall fail to pay as and when due any principal (whether at stated maturity, upon acceleration, upon required prepayment or otherwise) any principal of any Loan, Advance or (ii) shall fail to pay interest on any interest, Fees Advance or any other amounts (other than principal) amount payable under the Loan Documents within five days three Business Days of the date when due under the Loan Documents;due; or

Appears in 2 contracts

Sources: Credit and Guaranty Agreement (Macerich Co), Credit and Guaranty Agreement (Macerich Co)

Failure to Make Payments. The Borrower Borrower (ia) shall fail to pay as and when due (whether at stated maturity, upon acceleration, upon required prepayment or otherwise) any principal of any Loan, or (iib) shall fail to pay any interest, Fees or other amounts (other than principal) payable under the Loan Documents within five days of the date when due under the Loan Documents;; or

Appears in 1 contract

Sources: Revolving Credit Facility (Nordstrom Inc)

Failure to Make Payments. The Borrower (i) shall fail to pay as and when due any principal (whether at stated maturity, upon acceleration, upon required prepayment or otherwise) any principal of any Loan, Advance or (ii) shall fail to pay interest on any interest, Fees Advance or any other amounts (other than principal) amount payable under the Loan Documents within five days of the date when due under the Loan Documents;; or

Appears in 1 contract

Sources: Revolving Loan Agreement (Burnham Pacific Properties Inc)

Failure to Make Payments. The A Borrower (ia) shall fail to pay as and ------------------------ when due (whether at stated maturity, upon acceleration, upon required prepayment or otherwise) any principal of any LoanLoan or any reimbursement for a drawing under any Letter of Credit, or (iib) shall fail to pay any interest, Fees or other amounts (other than principal) payable under the Loan Documents within five days of three Business Days after the date when due under the Loan Documents;; or

Appears in 1 contract

Sources: Senior Secured Credit Agreement (Cotelligent Inc)

Failure to Make Payments. The Borrower (i) shall fail to pay as and when due (whether at stated maturity, upon acceleration, upon required prepayment or otherwise) any principal of any Loan, or (ii) The Borrower shall fail to pay any interestprincipal of any Loan when the same shall become due and payable, Fees (ii) the Borrower shall fail to pay any interest on any Loan after the same shall become due and payable within three (3) Business Days after the same shall become due and payable, or (iii) the Borrower or the Sponsor shall fail to make any other amounts (other than principal) payable payment under the any Loan Documents Document within five days of (5) Business Days after the date when same shall become due under the Loan Documents;and payable; or

Appears in 1 contract

Sources: Credit Agreement (FREYR Battery, Inc. /DE/)

Failure to Make Payments. The Borrower Borrower (i) shall fail to pay as and when due (whether at stated maturity, upon acceleration, upon required prepayment or otherwise) any principal of any Loan, or (ii) shall fail to pay any interest, Fees or other amounts (other than principal) payable under the Loan Documents within five days of the date when due under the Loan Documents;

Appears in 1 contract

Sources: Revolving Credit Facility (Nordstrom Inc)

Failure to Make Payments. The Borrower (ia) shall fail to pay as and when due (whether at stated maturity, upon acceleration, upon required prepayment or otherwise) any principal of any Loan, or (iib) shall fail to pay any interestinterest within ten (10) days after it first becomes due, or (c) shall fail to pay Fees or other amounts (other than principal) payable under the Loan Documents within five days of the date when due under the Loan Documents;; or

Appears in 1 contract

Sources: Revolving Credit Agreement (Ps Business Parks Inc/Ca)

Failure to Make Payments. The Borrower (i) shall fail to pay as and when due (whether at stated maturity, upon acceleration, upon required prepayment pursuant to Section 2.05(b) or otherwise) any principal of any Loanthe Loans, or (ii) shall fail to pay any interest, Fees interest or other amounts (other than principal) payable under the Loan Documents within five days three (3) Business Days of the date when due under the Loan Documents;

Appears in 1 contract

Sources: Credit Agreement (Franklin Lexington Private Markets Fund)

Failure to Make Payments. The Borrower (i) shall fail to pay as and when due any principal (whether at stated maturity, upon acceleration, upon required REVOLVING LOAN AGREEMENT 46 prepayment or otherwise) any principal of any Loan, Advance or (ii) shall fail to pay interest on any interest, Fees Advance or any other amounts (other than principal) amount payable under the Loan Documents within five days of the date when due under the Loan Documents;; or

Appears in 1 contract

Sources: Revolving Loan Agreement (Burnham Pacific Properties Inc)

Failure to Make Payments. The Borrower (i) shall fail to pay as and when due (whether at stated maturity, upon acceleration, upon required prepayment or otherwise) any principal of any LoanLoan or any L/C Obligation, or (ii) shall fail to pay any interest, Fees or other amounts (other than principal) payable under the Loan Documents within five days of the date when due under the Loan Documents;

Appears in 1 contract

Sources: Revolving Credit Facility (Nordstrom Inc)

Failure to Make Payments. The A Borrower (ia) shall fail to pay as and when due (whether at stated maturity, upon acceleration, upon required prepayment or otherwise) any principal of any Loan, or (iib) shall fail to pay any interest, Fees or other amounts (other than principal) payable under the Loan Documents within five days three Business Days of the date when due under the Loan Documents;; or

Appears in 1 contract

Sources: Senior Secured Credit Agreement (Cotelligent Group Inc)