Interest Payment Default. The Borrower defaults in the payment of any interest on any Loan or L/C Reimbursement Obligation or in the payment of any Fee due under any Financing Document, when and as the same shall become due and payable, and such default shall continue unremedied for a period of three Business Days.
Appears in 2 contracts
Sources: Credit Agreement (Allegheny Energy, Inc), Credit Agreement (Allegheny Energy, Inc)