Common use of Other Payment Default Clause in Contracts

Other Payment Default. The Borrower shall default in the payment when and as due (whether at maturity, by reason of acceleration or otherwise) of interest on any Loan, Note or Reimbursement Obligation or the payment of any other Obligation.

Appears in 5 contracts

Sources: Credit Agreement (Hickory Tech Corp), Credit Agreement (Hickory Tech Corp), Credit Agreement (Performance Food Group Co)

Other Payment Default. The Borrower Borrowers shall default in the payment when and as due (whether at maturity, by reason of acceleration or otherwise) of interest on any Loan, Note or Reimbursement Obligation or the payment of any other Obligation.

Appears in 5 contracts

Sources: Credit Agreement (Belk Inc), Credit Agreement (Belk Inc), Credit Agreement (Belk Inc)

Other Payment Default. The Borrower Borrowers shall default in the payment when and as due (whether at maturity, by reason of acceleration or otherwise) of interest on any Loan, Loan or Note or Reimbursement Obligation or the payment of any other Obligation.

Appears in 4 contracts

Sources: Credit Agreement (Imagemax Inc), Credit Agreement (Med Waste Inc), Credit Agreement (Imagemax Inc)

Other Payment Default. The Any Borrower shall default in the payment --------------------- when and as due (whether at maturity, by reason of acceleration or otherwise) of interest on any Loan, Loan or Note or Reimbursement Obligation or the payment of any other Obligation.

Appears in 1 contract

Sources: Credit Agreement (Maxim Group Inc /)

Other Payment Default. The Borrower shall default in the payment when and as due (whether at maturity, by reason of acceleration or otherwise) of interest on any Loan, Loan or the Note or Reimbursement Obligation or the payment of any other Obligation.

Appears in 1 contract

Sources: Credit Agreement (Penske Motorsports Inc)