Common use of Failure to Pay Interest Clause in Contracts

Failure to Pay Interest. If the Borrower shall fail to pay any interest on any of the Liabilities, including, without limitation, the Note and the Line of Credit, when and as due and payable, and such default shall continue for a period of ten (10) business days after written notice thereof from the Bank to the Borrower; or

Appears in 1 contract

Sources: Loan Agreement (Cuisine Solutions Inc)

Failure to Pay Interest. If the Borrower shall fail to pay any interest on any of the Liabilities, including, without limitation, the Note and the Line Loan within fifteen (15) days of Credit, when and as due and payable, and such default shall continue for a period of ten (10) business days after written notice thereof from the Bank to the Borrower; or

Appears in 1 contract

Sources: Loan Agreement (Stifel Financial Corp)

Failure to Pay Interest. If the Borrower shall fail to pay any interest on any of the Liabilities, including, without limitation, the Note and the Line of CreditLoan, when and as due and payable, and such default failure shall continue remain uncured for a period of ten five (105) business days after the date of written notice thereof from the Bank Lender to the Borrower; or

Appears in 1 contract

Sources: Loan Agreement (Fletcher Challenge Forests LTD)