Other Payment Default. if the Borrower fails to pay: (i) any interest (including, if applicable, default interest) accrued on any Loan; (ii) any issuance fee with respect to a Letter of Credit; or (iii) any other amount not specifically referred to in paragraph (a) above or in this paragraph (b) payable by the Borrower hereunder; in each case when due and payable, and such default is not remedied within 3 Banking Days after written notice thereof is given by the Agent to the Borrower specifying such default and requiring the Borrower to remedy or cure the same;
Appears in 4 contracts
Sources: Credit Agreement (Obsidian Energy Ltd.), Credit Agreement (Obsidian Energy Ltd.), Credit Agreement (Obsidian Energy Ltd.)
Other Payment Default. if the Borrower fails to pay:
(i) any interest (including, if applicable, default interest) accrued due on any Loan;
(ii) any issuance acceptance fee with respect to a Letter of CreditBankers’ Acceptance; or
(iii) any other amount not specifically referred to in paragraph (a) above or in this paragraph (b) payable by the Borrower hereunder; in each case when due and payable, and such default is not remedied within 3 5 Banking Days after written notice thereof is given by the Agent to the Borrower specifying such default and requiring the Borrower to remedy or cure the same;
Appears in 3 contracts
Sources: Credit Agreement (Enbridge Inc), Credit Agreement (Enbridge Inc), Credit Agreement (Enbridge Inc)
Other Payment Default. if the a Borrower fails to pay:
(i) any interest (including, if applicable, default interest) accrued on any Loan;
(ii) any issuance fee with respect to a Letter of Credit; or
(iiiii) any other amount not specifically referred to in paragraph (a) above or in this paragraph (b) payable by the a Borrower hereunder; in each case when due and payable, and such default is not remedied within 3 three (3) Banking Days after written notice thereof is given by the Agent to the relevant Borrower specifying such default and requiring the such Borrower to remedy or cure the same;
Appears in 2 contracts
Sources: Credit Agreement (Baytex Energy Corp.), Credit Agreement (Baytex Energy Corp.)
Other Payment Default. if the Borrower fails to pay:
(i) any interest (including, if applicable, default interest) accrued on any Loan;
(ii) any issuance acceptance fee with respect to a Letter of CreditBankers’ Acceptance; or
(iii) any other amount not specifically referred to in paragraph (aSection 12.1(a) above or in this paragraph (bSection 12.1(b) payable by the Borrower hereunder; in each case when due and payable, and such default is not remedied within 3 three (3) Banking Days after written notice thereof is given by the Agent Lender to the Borrower specifying such default and requiring the Borrower to remedy or cure the same;
Appears in 2 contracts
Sources: Credit Agreement (Powell Industries Inc), Credit Agreement (Powell Industries Inc)
Other Payment Default. if the a Borrower fails to pay:
(i) any interest (including, if applicable, default interest) accrued on any Loan;
(ii) any acceptance fee with respect to a Bankers’ Acceptance or issuance fee with respect to a Letter of Credit; or
(iii) any other amount not specifically referred to in paragraph (a) above or in this paragraph (b) payable by the a Borrower hereunder; in each case when due and payable, and such default is not remedied within 3 three (3) Banking Days after written notice thereof is given by the Agent to the relevant Borrower specifying such default and requiring the such Borrower to remedy or cure the same;
Appears in 2 contracts
Sources: Credit Agreement (Baytex Energy Corp.), Credit Facilities (Baytex Energy Corp.)
Other Payment Default. if the Borrower fails to pay:
(i) any interest (including, if applicable, default interest) accrued on any Loan;
(ii) any acceptance fee with respect to a Bankers' Acceptance or issuance fee with respect to a Letter of Credit; or
(iii) any other amount not specifically referred to in paragraph (a) above or in this paragraph (b) payable by the Borrower hereunder; in each case when due and payable, and such default is not remedied within 3 2 Banking Days after written notice thereof is given by the Agent to the Borrower specifying such default and requiring the Borrower to remedy or cure the same;
Appears in 1 contract