Common use of Principal and Interest Payments Clause in Contracts

Principal and Interest Payments. The Borrower fails to make payment (x) when due of any principal or interest installment on any Note, any unused facility fee, any commitment fee, engineering fee or any other Indebtedness incurred pursuant to this Agreement to the Agent or any Bank, and such failure continues unremedied for a period of three (3) Business Days after the earlier of (i) notice thereof being given by the Agent to the Borrower or (ii) such default otherwise becoming known to the president or chief financial officer of the Borrower or (y) when due of any mandatory prepayment under Subsection 2.4(b) or Subsection 2.4(c).

Principal and Interest Payments. The Borrower fails to make payment (x) when due of any principal or interest installment on any Note, any unused facility fee, any commitment fee, engineering fee or any other Indebtedness (other than under clause y or z below) incurred pursuant to this Agreement to the Agent or any BankLender, and such failure continues unremedied for a period of three (3) Business Days after the earlier of (i) notice thereof being given by the Agent to the Borrower or (ii) such default otherwise becoming known to the president or chief financial officer of the Borrower or Borrower, (y) when due of any mandatory prepayment under Subsection 2.4(b) or Subsection 2.4(c), or (z) when due of any principal on any Note.

Principal and Interest Payments. The Borrower fails to make payment (x) when due of any principal or interest installment on any Note, any unused facility fee, any commitment fee, engineering fee or any other Indebtedness (other than under clause y or z below) incurred pursuant to this Agreement to the Agent or any Bank, and such failure continues unremedied for a period of three (3) Business Days after the earlier of (i) notice thereof being given by the Agent to the Borrower or (ii) such default otherwise becoming known to the president or chief financial officer of the Borrower or Borrower, (y) when due of any mandatory prepayment under Subsection 2.4(b) or Subsection 2.4(c), or (z) when due of any principal on any Note.

Principal and Interest Payments. The Borrower fails to make payment (x) when due of any principal or interest installment on any the Note, any unused facility fee, any commitment fee, engineering fee or any other Indebtedness incurred pursuant to this Agreement to the Agent or any BankLender, and such failure continues unremedied for a period of three five (35) Business Days after the earlier of (i) notice thereof being given by the Agent Lender to the Borrower or (ii) such default otherwise becoming known to the president or chief financial officer of the Borrower or (y) when due of any mandatory prepayment under Subsection 2.4(b) or Subsection 2.4(c).

Principal and Interest Payments. The Borrower fails to make payment (x) when due of any principal or interest installment on any the Note, any unused facility fee, any commitment fee, engineering fee or any other Indebtedness incurred pursuant to this Agreement to the Agent or any BankLender, and such failure continues unremedied for a period of three (3) Business Days after the earlier of (i) notice thereof being given by the Agent Lender to the Borrower or (ii) such default otherwise becoming known to the president or chief financial officer of the Borrower or (y) when due of any mandatory prepayment under Subsection 2.4(b) or Subsection 2.4(c).

Principal and Interest Payments. The Borrower fails to make payment (x) when due of any principal or interest installment on any the Note, any unused facility fee, any commitment fee, engineering fee or any other Indebtedness incurred pursuant to this Agreement to the Agent or any BankLender, and such failure continues unremedied for a period of three (3) Business Days after the earlier of (i) notice thereof being given by the Agent Lender to the Borrower or (ii) such default otherwise becoming known to the president or chief financial officer of the Borrower or (y) when due of any mandatory prepayment under Subsection 2.4(b) or Subsection 2.4(c).