Other Payment Default. The Borrower shall default in the payment of any sums other than principal or interest which are due under this Agreement or the Security Agreement, and such default shall continue for a period of thirty (30) days after written notice thereof has been given to the Borrower by the Lender.
Appears in 3 contracts
Sources: Master Guidance Line of Credit Agreement, Master Guidance Line of Credit Agreement (Benefitfocus,Inc.), Master Guidance Line of Credit Agreement (Benefitfocus,Inc.)
Other Payment Default. The Borrower Borrowers shall default in the payment payment, as and when due of any sums Secured Obligation (other than principal or interest which are due under this Agreement or the Security Agreementas provided in clause (a) above), and such default shall continue for a period of thirty (30) 10 days after written notice thereof has been given to the Borrower by the LenderAdministrative Agent.
Appears in 2 contracts
Sources: Loan and Security Agreement (Winston Furniture Co of Alabama Inc), Loan and Security Agreement (Winsloew Furniture Inc)
Other Payment Default. The Borrower Borrowers shall default in the payment payment, as and when due, of any sums other than principal of or interest which are due under this Agreement or the Security Agreementon, any other Secured Obligation, and such default shall continue for a period of thirty (30) 10 days after written notice thereof has been given to the Borrower Borrowers by the LenderAdministrative Agent.
Appears in 2 contracts
Sources: Loan and Security Agreement (American Tire Distributors Inc), Loan and Security Agreement (Heafner Tire Group Inc)
Other Payment Default. The Any Borrower shall default in the payment payment, as and when due, of any sums other than principal of or interest which are due under this Agreement or the Security Agreementon, any other Secured Obligation, and such default shall continue for a period of thirty ten (3010) days after written notice thereof has been given to the such Borrower by the LenderAgent.
Appears in 2 contracts
Sources: Loan and Security Agreement (Tropical Sportswear International Corp), Loan and Security Agreement (Tropical Sportswear International Corp)
Other Payment Default. The Borrower Borrowers shall default in the payment payment, as and when due, of any sums other than principal of or interest which are due under this Agreement or the Security Agreementon, any other Secured Obligation, and such default shall continue for a period of thirty (30) 10 days after written notice thereof has been given to the Borrower Borrowers by the LenderAgent.
Appears in 1 contract
Other Payment Default. The Borrower shall default in the payment payment, as and when due, of any sums other than principal of or interest which are due under this Agreement or the Security Agreementon, any other Secured Obligation, and such default shall continue for a period of thirty twenty (3020) days after written notice thereof has been given to the Borrower by the Lenderdue date.
Appears in 1 contract
Sources: Loan and Security Agreement (Centennial Specialty Foods Corp)