Common use of Failure to Pay Interest Clause in Contracts

Failure to Pay Interest. If the Borrower defaults in the due and punctual payment of any Loan Indebtedness (other than any Outstandings) as and when the same becomes due and payable hereunder, and such default continues for a period

Appears in 2 contracts

Sources: Credit Agreement (Nova Chemicals Corp /New), Credit Agreement (Nova Chemicals Corp /New)