Non Performance of Obligations. (a) the Borrower or any other Security Party fails to pay any sum due from the Borrower or, as the case may be such Security Party, under this Agreement and/or any of the other Security Documents at the time, in the currency and in the manner stipulated herein and/or any of the other Security Documents, or, in the case of any sum payable on demand, within three (3) Banking Days of such demand; or
Appears in 4 contracts
Samples: Loan Agreement (StealthGas Inc.), Loan Agreement (FreeSeas Inc.), Loan Agreement (StealthGas Inc.)
Non Performance of Obligations. (a) the Borrower or any other Security Party fails to pay on its due date, any sum due from the Borrower or, as the case may be such Security Party, under this Agreement and/or any of the other Security Documents to which it is a party at the time, in the currency and in the manner stipulated herein and/or any of the other Security DocumentsDocuments to which it is a party, or, in the case of any sum payable on demand, within three (3) Banking Days of such demand; or
Appears in 2 contracts
Samples: Loan Agreement (NewLead Holdings Ltd.), Loan Agreement (NewLead Holdings Ltd.)
Non Performance of Obligations. (a) the Borrower Owner or any other Security Party fails to pay any sum due from the Borrower Owner or, as the case may be such Security Party, under this the Loan Agreement and/or any of the other Security Documents at the time, in the currency and in the manner stipulated herein and/or any of the other Security Documents, or, in the case of any sum payable on demand, within three (3) Banking Days of such demand; or
Appears in 2 contracts
Samples: FreeSeas Inc., FreeSeas Inc.
Non Performance of Obligations. (a) Any of the Borrower Borrowers or any other Security Party fails to pay any sum due from any of the Borrower Borrowers or, as the case may be such Security Party, under this Agreement and/or any of the other Security Documents at the time, in the currency and in the manner stipulated herein and/or any of the other Security Documents, or, in the case of any sum payable on demand, within three (3) Banking Days of such demand; or
Appears in 1 contract
Samples: Loan Agreement (FreeSeas Inc.)
Non Performance of Obligations. (a) the Borrower or any other Security Party fails to pay any sum due from the Borrower or, as the case may be such Security Party, under this Agreement and/or any of the other Security Documents at the time, in the currency and in the manner stipulated herein and/or any of the other Security Documents, or, in the case of any sum payable on demand, within three five (3) Banking Days of such demand; or
Appears in 1 contract
