Common use of Payment Failure Clause in Contracts

Payment Failure. The Borrower (i) fails to pay when due any principal amounts due under this Agreement or any other Credit Document or (ii) fails to pay when due any interest, fees, reimbursements, indemnifications, or other amounts due under this Agreement or any other Credit Document and such failure has not been cured within five Business Days;

Appears in 11 contracts

Samples: Credit Agreement (Tyler Corp /New/), Credit Agreement (Tetra Technologies Inc), Credit Agreement (Tyler Technologies Inc)

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Payment Failure. The Borrower or any of it Subsidiaries (i) fails to pay when due any principal amounts due under this Agreement or any other Credit Document or (ii) fails to pay when due any interest, fees, reimbursements, indemnifications, or other amounts due under this Agreement or any other Credit Document and such failure has not been cured within five Business Days;

Appears in 2 contracts

Samples: Credit Agreement (Tetra Technologies Inc), Credit Agreement (Tetra Technologies Inc)

Payment Failure. The Any Borrower (i) fails to pay when due any principal amounts due under this Agreement or any other Credit Loan Document or (ii) fails to pay when due any interest, fees, reimbursements, indemnifications, or other amounts due under this Agreement or any other Credit Loan Document and such failure has not been cured within five Business Days10 days;

Appears in 1 contract

Samples: Credit Agreement (Denali Inc)

Payment Failure. The Borrower (i) fails to pay when due any principal amounts due under this Agreement or any other Credit Document or (ii) fails to pay when due any interest, fees, reimbursements, indemnifications, or other amounts due under this Agreement or any other Credit Document and such failure has not been cured within five Business DaysDays after receipt of written notice thereof from the Agent;

Appears in 1 contract

Samples: Credit Agreement (Core Laboratories N V)

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Payment Failure. The Borrower (i) fails to pay when due any principal amounts (including, without limitation, reimbursements due under a Letter of Credit) due under this Agreement or any other Credit Document or (ii) fails to pay when due any interest, fees, reimbursements, indemnifications, or other amounts due under this Agreement or any other Credit Document and such failure has not been cured within five Business DaysDays from the date it is due;

Appears in 1 contract

Samples: Credit Agreement (Eagle Usa Airfreight Inc)

Payment Failure. The Any Borrower (i) fails to pay when due any principal amounts due from such Borrower under this Agreement or any other Credit Document or (ii) fails to pay when due any interest, fees, reimbursements, indemnifications, or other amounts due from such Borrower under this Agreement or any other Credit Document and such failure has not been cured within five Business Days;

Appears in 1 contract

Samples: Credit Agreement (Susser Holdings CORP)

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