Common use of Payment Default Clause in Contracts

Payment Default. (1. Borrower fails to make any payment of principal or interest on any Credit Extension when due within three (3) days after such payment is due and payable (which three (3) day cure period shall not apply to payments due on the Term Loan Maturity Date), or (2. any Loan Party fails to pay any other Obligations within three (3) days after such Obligations are due and payable (which three (3) day cure period shall not apply to payments due on the Term Loan Maturity Date). During the cure period, the failure to make or pay any payment specified under this Section 9.1 is not an Event of Default (but no Credit Extension will be made during the cure period).

Payment Default. Borrowers fail to (1. Borrower fails to a) make any payment of principal or interest on any Credit Extension when on its due within three (3) days after such payment is due and payable (which three (3) day cure period shall not apply to payments due on the Term Loan Maturity Date)date, or (2. any Loan Party fails to b) pay any other Obligations within three (3) days Business Days after such Obligations are due and payable (which three (3) day Business Day cure period shall not apply to payments due on the Term Loan Revolving Formula Line Maturity Date, the Revolving Non-Formula Line Maturity Date and/or the Equipment Maturity Date). During the cure period, the failure to make or pay any payment specified under this Section 9.1 clause (a) or (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period).;

Payment Default. (1. Borrower fails to (a) make any payment of principal or interest on any Credit Extension when due within three (3) days after such payment is due and payable (which three (3) day cure period shall not apply to payments due on the Term Loan Maturity Date)due, or (2. any Loan Party fails to b) pay any other Obligations within three (3) days Business Days after such Obligations are due and payable (which three (3) day Business Day cure period shall not apply to payments due on the Revolving Line Maturity Date and/or the Term Loan Loa [sic] Maturity Date, as applicable). During the cure period, the failure to make or pay any payment specified under this Section 9.1 clause (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period).;

Payment Default. (1. Borrower fails to (a) make any payment of principal or interest on any Credit Extension when on its due within three (3) days after such payment is due and payable (which three (3) day cure period shall not apply to payments due on the Term Loan Maturity Date)date, or (2. any Loan Party fails to b) pay any other Obligations within three (3) days Business Days after such Obligations are due and payable (which three (3) day Business Day cure period shall not apply to payments due on the Term Loan Maturity Datescheduled maturity date therefor in accordance with the provisions set forth in Section 2.1.1 and 2.1.2, as applicable). During the cure period, the failure to make or pay any payment specified under this Section 9.1 clause (a) or (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period).;

Payment Default. (1. Borrower fails to (a) make any payment of principal or interest on any Credit Extension when due due, or (b) pay any other Obligations within three (3) days Business Days after such payment is Obligations are due and payable (which three (3) day Business Day cure period shall not apply to payments due on the Term Loan Maturity Date), Date or the date of acceleration pursuant to Section 9.1 (2. any Loan Party fails to pay any other Obligations within three (3a) days after such Obligations are due and payable (which three (3) day cure period shall not apply to payments due on the Term Loan Maturity Datehereof). During the cure period, the failure to make or pay any payment specified under this Section 9.1 clause (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period).;

Payment Default. (1. Borrower fails to (a) make any payment of principal or interest on any Credit Extension when on its due within three (3) days after such payment is due and payable (which three (3) day cure period shall not apply to payments due on the Term Loan Maturity Date)date, or (2. any Loan Party fails to b) pay any other Obligations within three (3) days Business Days after such Obligations are due and payable (which three (3) day Business Day cure period shall not apply to payments due on the Revolving Line Maturity Date and/or the Term Loan 2011 Maturity Date). During the cure period, the failure to make or pay any payment specified under this Section 9.1 clause (a) or (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period).;

Payment Default. (1. Borrower fails to (a) make any payment of principal or interest on any Credit Extension when on its due within three (3) days after such payment is due and payable (which three (3) day cure period shall not apply to payments due on the Term Loan Maturity Date)date, or (2. any Loan Party fails to b) pay any other Obligations within three (3) days Business Days after such Obligations are due and payable (which three (3) day Business Day cure period shall not apply to payments due on the Term Loan Growth Capital II Maturity Date or Revolving Maturity Date). During the cure period, the failure to make or pay any payment specified under this Section 9.1 clause (a) or (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period).

Payment Default. (1. Borrower fails to (a) make any payment of principal principal, interest or interest Finance Charge on any Credit Extension when Extension, or any payment of any Facility Fees, in each case on its due within three (3) days after such payment is due and payable (which three (3) day cure period shall not apply to payments due on the Term Loan Maturity Date)date, or (2. any Loan Party fails to b) pay any other Obligations within three (3) days Business Days after such Obligations are due and payable (which three (3) day Business Day cure period shall not apply to payments due on the Maturity Date or the Term Loan Maturity Date). During the cure period, the failure to make or pay any payment specified under this Section 9.1 clause (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period).;

Payment Default. (1. Borrower fails to (a) make any payment of principal or interest on any Credit Extension when on its due within three (3) days after such payment is due and payable (which three (3) day cure period shall not apply to payments due on the Term Loan Maturity Date)date, or (2. any Loan Party fails to b) pay any other Obligations within three (3) days Business Days after such Obligations are due and payable (which three (3) day Business Day cure period shall not apply to payments due on the Revolving Line Maturity Date, the Term Loan Maturity Date or the Equipment Maturity Date). During the cure period, the failure to make or pay any payment specified under this Section 9.1 clause (a) or (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period).

Payment Default. (1. Borrower fails to (a) make any payment of principal or interest on any Credit Extension when on its due within three (3) days after such payment is due and payable (which three (3) day cure period shall not apply to payments due on the Term Loan Maturity Date)date, or (2. any Loan Party fails to b) pay any other Obligations within three (3) days Business Days after such Obligations are due and payable (which three (3) day Business Day cure period shall not apply to payments due on the Revolving Line Maturity Date, the Equipment Maturity Date, the Tranche 1 Term Loan Maturity Date or Tranche 2 Term Loan Maturity Date). During the cure periodthree (3) Business Day period under (b) above, the failure to make or pay any cure the payment specified under this Section 9.1 is default shall not be an Event of Default (but no Credit Extension Extensions will be made during the such cure period).

Payment Default. (1. Borrower fails to (a) make any payment of principal or interest on any Credit Extension when due within three (3) days after such payment is due and payable (which three (3) day cure period shall not apply to payments due on the Term Loan Maturity Date)due, or (2. any Loan Party fails to b) pay any other Obligations within three (3) days Business Days after such Obligations are due and payable (which three (3) day Business Day cure period shall not apply to payments due on the Revolving Line Maturity Date, Existing Equipment Term Loan Maturity Date or Term Loan Maturity Date). During the cure period, the failure to make or pay any payment specified under this Section 9.1 clause (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period).;

Payment Default. (1. Borrower fails to (a) make any payment of principal or interest on any Credit Extension when due within three (3) days after such payment is due and payable (which three (3) day cure period shall not apply to payments due on the Term Loan Maturity Date)due, or (2. any Loan Party fails to b) pay any other Obligations within three (3) days Business Days after such Obligations are due and payable (which three (3) day Business Day cure period shall not apply to payments due on the Term Loan Revolving Line Maturity Date, Growth Capital Maturity Date or Supplemental Growth Capital Maturity Date). During the cure period, the failure to make or pay any payment specified under this Section 9.1 clause (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period).;

Payment Default. (1. Borrower fails to (a) make any payment of principal or interest on any Credit Extension when on its due within three (3) days after such payment is due and payable (which three (3) day cure period shall not apply to payments due on the Term Loan Maturity Date)date, or (2. any Loan Party fails to b) pay any other Obligations within three (3) days Business Days after such Obligations are due and payable (which three (3) day Business Day cure period shall not apply to payments due on the Revolving Line Maturity Date and/or the Term Loan Maturity Date, as applicable). During the cure period, the failure to make or pay any payment specified under this Section 9.1 clause (a) or (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period).;”

Payment Default. (1. Borrower fails to (a) make any payment of principal on any Credit Extension on its due date, or (b) pay any interest on any Credit Extension when due within three (3) days after such payment is due and payable (which three (3) day cure period shall not apply to payments due on the Term Loan Maturity Date), or (2. any Loan Party fails to pay any other Obligations within three (3) days Business Days after such Obligations are due and payable (which three (3) day Business Day cure period shall not apply to payments due on the Revolving Line Maturity Date or the Term Loan Maturity Date). During the cure period, the failure to make or pay any payment specified under this Section 9.1 clause (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period).;”

Payment Default. (1. Borrower fails to (a) make any payment of principal or interest on any Credit Extension when due within three (3) days after such payment is Business Days of its due and payable (which three (3) day cure period shall not apply to payments due on the Term Loan Maturity Date)date, or (2. any Loan Party fails to b) pay any other Obligations within three (3) days Business Days after such Obligations are due and payable (which three (3) day Business Day cure period shall not apply to payments due on the 2014 Term Loan Maturity Date and/or the Revolving Line Maturity Date). During the cure period, the failure to make or pay any payment specified under this Section 9.1 clause (a) or (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period).;

Payment Default. (1. Borrower fails to (a) make any payment of principal or interest on any Credit Extension when due due, or (b) pay any other Obligations within three (3) days Business Days after such payment is Obligations are due and payable (which three (3) day Business Day cure period shall not apply to payments due on the Term Loan Maturity Date), Date or (2. any Loan Party fails the date of acceleration pursuant to pay any other Obligations within three (3Section 9.1(a) days after such Obligations are due and payable (which three (3) day cure period shall not apply to payments due on the Term Loan Maturity Dateherein). During the cure period, the failure to make or pay any payment specified under this Section 9.1 clause (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period).;

Payment Default. (1. Borrower fails to (a) make any payment of principal or interest on any Credit Extension when on its due within three (3) days after such payment is due and payable (which three (3) day cure period shall not apply to payments due on the Term Loan Maturity Date)date, or (2. any Loan Party fails to b) pay any other Obligations within three (3) days Business Days after such Obligations are due and payable (which three (3) day Business Day cure period shall not apply to payments due on the Revolving Line Maturity Date and/or the Term Loan 2011 Maturity Date, as applicable). During the cure period, the failure to make or pay any payment specified under this Section 9.1 clause (a) or (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period).;”

Payment Default. (1. Borrower fails to (a) make any payment of principal or interest on any Credit Extension when on its due within three (3) days after such payment is due and payable (which three (3) day cure period shall not apply to payments due on the Term Loan Maturity Date)date, or (2. any Loan Party fails to b) pay any other Obligations within three (3) days Business Days after such Obligations are due and payable (which three (3) day Business Day cure period shall not apply to payments due on the Revolving Line Maturity Date and/or the Term Loan 2015 Maturity Date). During the cure period, the failure to make or pay any payment specified under this Section 9.1 clause (a) or (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period).;”

Payment Default. (1. Borrower fails to (a) make any payment of principal or interest on any Credit Extension when due within three (3) days after such payment is due and payable (which three (3) day cure period shall not apply to payments due on the Term Loan Maturity Date)due, or (2. any Loan Party fails to b) pay any other Obligations within three (3) days Business Days after such Obligations are due and payable (which three (3) day Business Day cure period shall not apply to payments due on the Term Loan Revolving Line Maturity Date, the Prior Equipment Maturity Date, and the Prior Supplemental Equipment Maturity Date). During the cure period, the failure to make or pay any payment specified under this Section 9.1 clause (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period).;

Payment Default. (1. Borrower fails to (a) make any payment of principal or interest on any Credit Extension when on its due within three (3) days after such payment is due and payable (which three (3) day cure period shall not apply to payments due on the Term Loan Maturity Date)date, or (2. any Loan Party fails to b) pay any other Obligations within three (3) days Business Days after such Obligations are due and payable (which three (3) day Business Day cure period shall not apply to payments due on the Revolving Line Maturity Date Term Loan Maturity Date). During the cure period, the failure to make or pay any payment specified under this Section 9.1 clause (a) or (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period).;

Payment Default. (1. Borrower fails to (a) make any payment of principal or interest on any Credit Extension when Extension, or any payment of the Unused Commitment Fee, on its due within three (3) days after such payment is due and payable (which three (3) day cure period shall not apply to payments due on the Term Loan Maturity Date)date, or (2. any Loan Party fails to b) pay any other Obligations within three (3) days Business Days after such Obligations are due and payable (which three (3) day Business Day cure period shall not apply to payments due on the applicable Term Loan Maturity Date or the applicable 2013 Term Loan Maturity Date). During the cure period, the failure to make or pay any payment specified under this Section 9.1 clause (a) or (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period).;”

Payment Default. (1. Borrower fails to (a) make any payment of principal or interest on any Credit Extension when on its due date, or (b) pay any other Obligations, in each case within three (3) days Business Days after such payment is due and payable (which three (3) day cure period shall not apply to payments due on the Term Loan Maturity Date), of principal or (2. any Loan Party fails to pay any other Obligations within three (3) days after interest or such Obligations are due and payable (which three (3) day Business Day cure period shall not apply to payments due on the Revolving Line Maturity Date or the Term Loan Maturity Date). During the cure period, the failure to make or pay any payment specified under this Section 9.1 clause (a) or (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period).;

Payment Default. (1. Borrower fails to (a) make any payment of principal or interest on any Credit Extension when on its due within three (3) days after such payment is due and payable (which three (3) day cure period shall not apply to payments due on the Term Loan Maturity Date)date, or (2. any Loan Party fails to b) pay any other Obligations within three (3) days Business Days after such Obligations are due and payable (which three (3) day Business Day cure period shall not apply to payments due on the Term Loan Revolving Line Maturity Date and/or the Equipment Maturity Date, as applicable). During the cure period, the failure to make or pay any payment specified under this Section 9.1 clause (a) or (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period).;

Payment Default. (1. Borrower fails to (a) make any payment of principal or interest on any Credit Extension when due within three (3) days after such payment is due and payable (which three (3) day cure period shall not apply to payments due on the Term Loan Maturity Date)due, or (2. any Loan Party fails to b) pay any other Obligations within three (3) days Business Days after such Obligations are due and payable (which three (3) day Business Day cure period shall not apply to payments due on the Revolving Line Maturity Date, the Term Loan Maturity Date or the Existing Term Loan Maturity Date). During the cure period, the failure to make or pay any payment specified under this Section 9.1 clause (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period).;

Payment Default. (1. Borrower fails to (a) make any payment of principal or interest on any Credit Extension when on its due within three (3) days after such payment is due and payable (which three (3) day cure period shall not apply to payments due on the Term Loan Maturity Date)date, or (2. any Loan Party fails to b) pay any other Obligations within three (3) days Business Days after such Obligations are due and payable (which three (3) day Business Day cure period shall not apply to payments due on the Term Loan 2015 Maturity Date or Equipment Term Loan 2015 Maturity Date). During the cure period, the failure to make or pay any payment specified under this Section 9.1 clause (a) or (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period).;”

Payment Default. (1. Borrower fails to (a) make any payment of principal principal, interest or interest Finance Charges on any Credit Extension when Extension, or any payment of the Unused Line Fee, in each case on its respective due within three (3) days after such payment is due and payable (which three (3) day cure period shall not apply to payments due on the Term Loan Maturity Date)date, or (2. any Loan Party fails to b) pay any other Obligations within three (3) days Business Days after such Obligations are due and payable (which three (3) day Business Day cure period shall not apply to payments due on the Maturity Date or the Term Loan Maturity Date). During the cure period, the failure to make or pay any cure the payment specified under this Section 9.1 default is not an Event of Default (but no Credit Extension will be made during the cure period).; 8.2

Payment Default. (1. Borrower fails to (a) make any payment of principal or interest on any Credit Extension when on its due within three (3) days after such payment is due and payable (which three (3) day cure period shall not apply to payments due on the Term Loan Maturity Date)date, or (2. any Loan Party fails to b) pay any other Obligations within three (3) days Business Days after such Obligations are due and payable (which three (3) day Business Day cure period shall not apply to payments due on the Revolving Line Maturity Date and/or the Term Loan 2016 Maturity Date). During the cure period, the failure to make or pay any payment specified under this Section 9.1 clause (a) or (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period).;”

Payment Default. (1. Borrower fails to (a) make any payment of principal or interest on any Credit Extension when on its due within three (3) days after such payment is due and payable (which three (3) day cure period shall not apply to payments due on the Term Loan Maturity Date)date, or (2. any Loan Party fails to b) pay any other Obligations within three (3) days Business Days after such Obligations are due and payable (which three (3) day Business Day cure period shall not apply to payments due on the Revolving Line Maturity Date or Second Supplemental Term Loan Maturity Date). During the cure period, the failure to make or pay any payment specified under this Section 9.1 clause (a) or (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period).;

Payment Default. (1. Borrower fails to (a) make any payment of principal or interest on any Credit Extension when on its due within three (3) days after such payment is due and payable (which three (3) day cure period shall not apply to payments due on the Term Loan Maturity Date)date, or (2. any Loan Party fails to b) pay any other Obligations within three (3) days Business Days after such Obligations are due and payable (which three (3) day Business Day cure period shall not apply to payments due on the Revolving Line Maturity Date and/or the Term Loan Maturity Date, as applicable). During the cure period, the failure to make or pay any payment specified under this Section 9.1 clause (a) or (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period).;

Payment Default. Borrowers fail to (1. Borrower fails to a) make any payment of principal or interest on any Credit Extension when on its due within three (3) days after such payment is due and payable (which three (3) day cure period shall not apply to payments due on the Term Loan Maturity Date)date, or (2. any Loan Party fails to b) pay any other Obligations within three (3) days Business Days after such Obligations are due and payable (which three (3) day Business Day cure period shall not apply to payments due on the Revolving Line Maturity Date or Term Loan Maturity Date). During the cure period, the failure to make or pay any payment specified under this Section 9.1 clause (a) or (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period).;

Payment Default. (1. Borrower fails to (a) make any payment of principal or interest on any Credit Extension when on its due within three (3) days after such payment is due and payable (which three (3) day cure period shall not apply to payments due on the Term Loan Maturity Date)date, or (2. any Loan Party fails to b) pay any other Obligations within three (3) days Business Days after such Obligations are due and payable (which three (3) day Business Day cure period shall not apply to payments due on the Revolving Line Maturity Date and/or the Term Loan 2014 Maturity Date). During the cure period, the failure to make or pay any payment specified under this Section 9.1 clause (a) or (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period).;”

Payment Default. (1. If a Borrower fails to (i) make any payment of principal or interest on any Credit Extension when due due, or (ii) pay any other Obligations within three (3) days Business Days after such payment Obligation is due and payable (which three (3) day Business Day cure period shall not apply to payments due on the Term Loan Maturity DateDate or the date of acceleration pursuant to Section 9.1(a) hereof). For the avoidance of doubt, or (2. any Loan Party fails to pay any other Obligations within during such three (3) days after such Obligations are due and payable (which three (3) day cure period shall not apply to payments due on the Term Loan Maturity Date). During the Business Day cure period, the failure to make or pay any cure a payment specified default under this Section 9.1 is clause (ii), above, shall not be deemed an Event of Default (but no Credit Extension will be made during the such cure period).;

Payment Default. (1. Borrower fails to (a) make any payment of principal or interest on any Credit Extension when on its due within three (3) days after such payment is due and payable (which three (3) day cure period shall not apply to payments due on the Term Loan Maturity Date)date, or (2. any Loan Party fails to b) pay any other Obligations within three (3) days Business Days after such Obligations are due and payable (which three (3) day Business Day cure period shall not apply to payments due on the Term Loan applicable Growth Capital Maturity Date, the 2012 Growth Capital Maturity Date, or the 2014 Growth Capital Maturity Date). During the cure period, the failure to make or pay any payment specified under this Section 9.1 clause (a) or (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period).;”

Payment Default. (1. Borrower fails to (a) make any payment of principal or interest on any Credit Extension when on its due within three (3) days after such payment is due and payable (which three (3) day cure period shall not apply to payments due on the Term Loan Maturity Date)date, or (2. any Loan Party fails to b) pay any other Loan Obligations within three (3) days Business Days after such Loan Obligations are due and payable (which three (3) day Business Day cure period shall not apply to payments due on the Revolving Line Maturity Date or the Term Loan Maturity Date, as applicable). During the cure period, the failure to make or pay any payment specified under this Section 9.1 clause (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period).;

Payment Default. (1. Borrower fails to (a) make any payment of principal or interest on any Credit Extension when on its due within three (3) days after such payment is due and payable (which three (3) day cure period shall not apply to payments due on the Term Loan Maturity Date)date, or (2. any Loan Party fails to b) pay any other Obligations within three (3) days Business Days after such Obligations are due and payable (which three (3) day Business Day cure period shall not apply to payments due on the Revolving Line Maturity Date, the Term Loan Maturity Date or the Equipment Maturity Date). During the cure period, the failure to make or pay any payment specified under this Section 9.1 clause (a) or (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period).”

Payment Default. (1. Borrower fails to (a) make any payment of principal principal, interest or interest Finance Charges on any Credit Extension when Extension, or any payment of the Unused Line Fee, in each case on its respective due within three (3) days after such payment is due and payable (which three (3) day cure period shall not apply to payments due on the Term Loan Maturity Date)date, or (2. any Loan Party fails to b) pay any other Obligations within three (3) days Business Days after such Obligations are due and payable (which three (3) day Business Day cure period shall not apply to payments due on the Maturity Date or the Term Loan Maturity Date). During the cure period, the failure to make or pay any cure the payment specified under this Section 9.1 default is not an Event of Default (but no Credit Extension will be made during the cure period).;

Payment Default. (1. Borrower fails to (a) make any payment of principal or interest on any Credit Extension when on its due within three (3) days after such payment is due and payable (which three (3) day cure period shall not apply to payments due on the Term Loan Maturity Date)date, or (2. any Loan Party fails to b) pay any other Obligations within three (3) days Business Days after such Obligations are due and payable (which three (3) day Business Day cure period shall not apply to payments due on the Maturity Date or the Refinance Term Loan Maturity Date). During the cure period, the failure to make or pay any payment specified under this Section 9.1 clause (a) or (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period).;