Common use of Default in Payment Clause in Contracts

Default in Payment. The Borrower or any other Loan Party shall fail to pay (i) when due under this Agreement or any other Loan Document (whether upon demand, at maturity, by reason of acceleration or otherwise) the principal of any of the Loans, or (ii) when due under this Agreement, any other Loan Document or the Fee Letter any interest on, any of the Loans, any of the other payment Obligations owing by the Borrower under this Agreement, any other Loan Document or the Fee Letter and, solely with respect to this clause (ii) such failure shall continue for a period of five (5) Business Days.

Default in Payment. The Borrower or any other Loan Party shall fail to pay (i) when due under this Agreement or any other Loan Document (whether upon demand, at maturity, by reason of acceleration or otherwise) the principal of any of the LoansLoans or any Reimbursement Obligation, or (ii) when due under this Agreement, any other Loan Document or the Fee Letter any interest on, any of the LoansLoans or any Reimbursement Obligation, any of the other payment Obligations owing by the Borrower under this Agreement, any other Loan Document or the Fee Letter and, solely with respect to this clause (ii) such failure shall continue for a period of five (5) Business Days.

Default in Payment. (i) The Borrower or any other Loan Party shall fail to pay (i) when due under this Agreement or any other Loan Document (whether upon demand, at maturity, by reason of acceleration or otherwise) the principal of any of the Loansof, or (ii) when due under this Agreement, any other Loan Document or the Fee Letter any interest on, any of the Loans, or shall fail to pay any of the other payment Obligations owing by the Borrower under this Agreement, Agreement or any other Loan Document; or (ii) Any other Loan Party shall fail to pay when due any payment obligation owing by such Loan Party under any Loan Document or to which it is a party and in the Fee Letter and, solely with respect to case of this clause (ii) only, any such failure shall continue for a period of five (5) Business Dayscalendar days thereafter.

Default in Payment. The Borrower or any other Loan Party (i) shall fail to pay (i) when due under this Agreement or any other Loan Document (whether upon demand, at maturity, by reason of acceleration or otherwise) the principal of any of the Loans, Loans or any Reimbursement Obligation or (ii) shall fail to pay when due under this Agreement, any other Loan Document or the Fee Letter any interest on, on any of the Loans, Loans or any of the other payment Obligations owing by the Borrower under this Agreement, any other Loan Document or the Fee Letter andor any other Loan Party shall fail to pay when due any payment Obligation owing by such other Loan Party under any Loan Document to which it is a party, solely with respect to this clause (ii) and such failure shall continue for a period of five (5) 5 Business Days.

Default in Payment. The Borrower or any other Loan Party (i) shall fail to pay (i) when due under this Agreement or any other Loan Document (whether upon demand, at maturity, by reason of acceleration or otherwise) the principal of any of the Loans, Loans or (ii) shall fail to pay when due under this Agreement, any other Loan Document or the Fee Letter any interest on, on any of the Loans, Loans or any of the other payment Obligations owing by the Borrower under this Agreement, any other Loan Document or the Fee Letter andor any other Loan Party shall fail to pay when due any payment Obligation owing by such other Loan Party under any Loan Document to which it is a party, solely with respect to this clause (ii) and such failure shall continue for a period of five (5) 5 Business Days.

Default in Payment. The Borrower or any other Loan Party shall fail to pay (i) when due under this Agreement or any other Loan Document (whether upon demand, at maturity, by reason of acceleration or otherwise) the principal of any of the Loans, or (ii) when due under this Agreement, any other Loan Document or the Fee Letter any interest on, on any of the Loans, Loans or any of the other payment Obligations owing by the Borrower under this Agreement, any other Loan Document or the Fee Letter and, solely with respect to this clause (ii) such failure shall continue for a period of five (5) Business Days.