Non-Payment of Loans. Default in the payment when due of the principal amount of any Loan made hereunder or the Monthly Loan Principal Amount hereunder, and the continuance thereof for one (1) Business Day after the occurrence thereof, or the default in the payment of any Loan Interest on any Loan made hereunder, and the continuance thereof for five (5) Business Days after the occurrence thereof.
Appears in 5 contracts
Samples: Loan Agreement (Avis Budget Group, Inc.), Loan Agreement (Avis Rent a Car Inc), Loan Agreement (Avis Rent a Car Inc)
