Common use of Payment Defaults Clause in Contracts

Payment Defaults. (i) the Borrower shall fail to pay any principal of any Loan when the same shall become due and payable or (ii) the Borrower shall fail to pay any other payment under any Loan Document (including interest on any Loan) within three (3) Business Days after the same shall become due and payable;

Appears in 4 contracts

Samples: Credit Agreement (Crestview Partners III GP, L.P.), Credit Agreement (U.S. Well Services, Inc.), Credit Agreement (U.S. Well Services, Inc.)

AutoNDA by SimpleDocs

Payment Defaults. The Borrower shall (i) the Borrower shall fail to pay any principal of any Loan when due in accordance with the same shall become due and payable terms hereof or (ii) the Borrower shall fail to pay any other payment under any Loan Document (including interest on any Loan) , any fee or any other amount payable under this Agreement or any Note within three (3) Business Days after the same shall become becomes due and payable;; or

Appears in 3 contracts

Samples: Term Loan Agreement (Cemex Sa De Cv), Credit Agreement (Cemex Sa De Cv), Credit Agreement (Cemex Sa De Cv)

Payment Defaults. The Borrower shall (i) the Borrower shall fail to pay any principal of any Loan the Loans when due in accordance with the same shall become due and payable terms hereof or (ii) the Borrower shall fail to pay any other payment under any Loan Document (including interest on the Loans, any Loan) fee or any other amount payable under this Agreement or any Maturity “A” Note within three (3) Business Days after the same shall become becomes due and payable;; or

Appears in 2 contracts

Samples: Assignment and Assumption Agreement (Cemex Sab De Cv), Assignment and Assumption Agreement (Cemex Sab De Cv)

Payment Defaults. (i) the Borrower shall fail to pay any principal of any Loan when the same shall become due and payable or (ii) the Borrower shall fail to pay make any other payment under any Loan Document Document, in each case under this clause (including interest on any Loana) within three (3) ten Business Days after the same shall become due and payable;.

Appears in 1 contract

Samples: Credit Agreement (US Power Generating CO)

Payment Defaults. (i) the Borrower shall fail to pay any principal of any Loan when the same shall become due and payable or payable, (ii) the Borrower shall fail to pay any interest on any Loan within three Business Days after the same shall become due and payable, or (iii) any Loan Party shall fail to make any other payment under any Loan Document Document, in each case under this clause (including interest on any Loana) within three (3) ten Business Days after the same shall become due and payable;

Appears in 1 contract

Samples: Credit and Guaranty Agreement (US Power Generating CO)

Payment Defaults. The Borrower shall (i) the Borrower shall fail to pay any principal of any the Loan when due in accordance with the same shall become due and payable terms hereof or (ii) the Borrower shall fail to pay any other payment under any Loan Document (including interest on the Loan or any Loanother amount payable under this Agreement or the Note (without duplication) within three (3) Business Days after the same shall become becomes due and payable;; or

Appears in 1 contract

Samples: Letter Agreement (Cemex Sab De Cv)

AutoNDA by SimpleDocs

Payment Defaults. (i) the Borrower shall fail to pay any principal of any Loan when the same shall become due and payable or payable, (ii) the Borrower shall fail to pay any other payment under any Loan Document (including interest on any Loan) Loan within three (3) Business Days after the same shall become due and payable, or (iii) any Loan Party shall fail to make any other payment under any Loan Document, in each case under this clause (a) within ten (10) Business Days after the same shall become due and payable;

Appears in 1 contract

Samples: Credit and Guaranty Agreement (US Power Generating CO)

Payment Defaults. The Borrower shall (i) the Borrower shall fail to pay any principal of any Loan the Loans when due in accordance with the same shall become due and payable terms hereof or (ii) the Borrower shall fail to pay any other payment under any Loan Document (including interest on the Loans, any Loan) fee or any other amount payable under this Agreement or any Maturity “B” Note within three (3) Business Days after the same shall become becomes due and payable;; or

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Cemex Sab De Cv)

Payment Defaults. (i) the Borrower shall fail to pay any principal of any Loan when the same shall become due and payable or payable, (ii) the Borrower shall fail to pay any other payment under any Loan Document (including interest on any Loan) Loan within three (3) Business Days after the same shall become due and payable;, or (iii) any Loan Party shall fail to make any other payment under any Loan Document, in each case under this clause (iii) within ten Business Days after the same shall become due and payable and notice thereof from the Agent shall have been delivered; (b)

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Talen Energy Supply, LLC)

Time is Money Join Law Insider Premium to draft better contracts faster.