Common use of Other Payment Default Clause in Contracts

Other Payment Default. The Borrower shall default in the payment when and as due (whether at maturity, by reason of acceleration or otherwise) of interest on any Loan, Note or Reimbursement Obligation or the payment of any other Obligation.

Appears in 5 contracts

Samples: Credit Agreement (Performance Food Group Co), Credit Agreement (Hickory Tech Corp), Credit Agreement (Hickory Tech Corp)

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Other Payment Default. The Borrower Borrowers shall default in the payment when and as due (whether at maturity, by reason of acceleration or otherwise) of interest on any Loan, Note or Reimbursement Obligation or the payment of any other Obligation.

Appears in 5 contracts

Samples: Credit Agreement (Belk Inc), Credit Agreement (Belk Inc), Credit Agreement (Belk Inc)

Other Payment Default. The Borrower Borrowers shall default in the payment when and as due (whether at maturity, by reason of acceleration or otherwise) of interest on any Loan, Loan or Note or Reimbursement Obligation or the payment of any other Obligation.

Appears in 4 contracts

Samples: Credit Agreement (Imagemax Inc), Credit Agreement (Imagemax Inc), Bridge Credit Agreement (Belk Inc)

Other Payment Default. The Any Borrower shall default in the payment --------------------- when and as due (whether at maturity, by reason of acceleration or otherwise) of interest on any Loan, Loan or Note or Reimbursement Obligation or the payment of any other Obligation.

Appears in 1 contract

Samples: Credit Agreement (Maxim Group Inc /)

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Other Payment Default. The Borrower shall default in the payment when and as due (whether at maturity, by reason of acceleration or otherwise) of interest on any Loan, Loan or the Note or Reimbursement Obligation or the payment of any other Obligation.

Appears in 1 contract

Samples: Credit Agreement (Penske Motorsports Inc)

Other Payment Default. The Borrower Borrowers shall default in the payment payment, as and when and as due (whether at maturitydue, by reason of acceleration principal of or otherwise) of interest on any Loanon, Note or Reimbursement Obligation or the payment of any other Secured Obligation.

Appears in 1 contract

Samples: Loan Agreement (Offshore Tool & Energy Corp)

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