Common use of Failure to Make Required Payments Clause in Contracts

Failure to Make Required Payments. In the event that any Person obligated to make a payment to any other Person pursuant to this subsection 2.10 fails to make available to the Person entitled to receive such payment the amount of such payment, the Person entitled to receive such payment shall be entitled to recover such amount on demand from such other Person, together with interest at the customary rate set by Administrative Agent for the correction of errors among Lenders for three Business Days and thereafter at the sum of the Base Rate plus 1.50% per annum.

Failure to Make Required Payments. In the event that any Person obligated to make a payment to any other Person pursuant to this subsection 2.10 2.9 fails to make available to the Person entitled to receive such payment the amount of such payment, the Person entitled to receive such payment shall be entitled to recover such amount on demand from such other Person, together with interest at the customary rate set by Administrative Agent for the correction of errors among Lenders for three Business Days and thereafter at the sum of the Base Rate plus PLUS 1.50% per annum.

Failure to Make Required Payments. In the event that any Person obligated to make a payment to any other Person pursuant to this subsection 2.10 2.9 fails to make available to the Person entitled to receive such payment the amount of such payment, the Person entitled to receive such payment shall be entitled to recover such amount on demand from such other Person, together with interest at the customary rate set by Administrative Agent for the correction of errors among Lenders for three Business Days and thereafter at the sum of the Base Rate plus PLUS 1.50% per annum.

Failure to Make Required Payments. In the event that any Person obligated to make a payment to any other Person pursuant to this subsection 2.10 2.9 fails to make available to the Person entitled to receive such payment the amount of such payment, the Person entitled to receive such payment shall be entitled to recover such amount on demand from such other Person, together with interest at the customary rate set by Administrative Agent for the correction of errors among Lenders for three Business Days and thereafter at the sum of the Base Rate plus 1.50% per annum.