MAJOR DEFAULTS. An Obligor does not pay on the due date any amount payable by it under the Interim Documents to which it is a party at the place at and in the currency in which it is expressed to be payable unless: (i) in the case of principal or interest, payment is made within three Business Days of the due date; and (ii) in the case of any amount not constituting principal or interest, payment is made within five Business Days of the due date.
Appears in 2 contracts
Sources: Amendment and Restatement Agreement, Interim Facility Agreement