Common use of Performance Under This Agreement Clause in Contracts

Performance Under This Agreement. In the event any Obligor fails to make, on or before the due date thereof, any payment of the principal of, or interest on, the North Carolina Term Note or of any other amounts payable, or any other 43 49 indebtedness owing, with respect to the North Carolina Term Loan or if any Obligor shall fail to perform, keep, observe, or fulfill any other obligation referred to in clause (a) or clause (b) of Section 11.01 hereof in the manner provided in the North Carolina Term Note or in any other Facility Document evidencing or securing the North Carolina Term Loan, MacDonald shall cause forthwith to be paid the moneys, or to be performed, kept, observed, or fulfilled each of such obligations, in respect of which such failure has occurred.