Common use of Failure to Make Payments Clause in Contracts

Failure to Make Payments. The Borrower (i) shall fail to pay as and when due (whether at stated maturity, upon acceleration, upon required prepayment or otherwise) any principal of any Loan, or (ii) shall fail to pay any interest, Fees or other amounts (other than principal) payable under the Loan Documents within five days of the date when due under the Loan Documents;

Appears in 5 contracts

Samples: Revolving Credit Agreement (Nordstrom Inc), Revolving Credit Agreement (Nordstrom Inc), Credit Agreement (Nordstrom Inc)

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Failure to Make Payments. The Borrower (i) shall fail to pay as and when due (whether at stated maturity, upon acceleration, upon required prepayment or otherwise) ), and in the currency required hereunder, any principal of any LoanLoan or any L/C Obligation, or (ii) shall fail to pay any interest, Fees or other amounts (other than principal) payable under the Loan Documents within five days of the date when due under the Loan Documents;

Appears in 3 contracts

Samples: Revolving Credit Agreement (Nordstrom Inc), Revolving Credit Agreement (Nordstrom Inc), Revolving Credit Agreement (Nordstrom Inc)

Failure to Make Payments. The Borrower (i) shall fail to pay as and when due ------------------------ any principal (whether at stated maturity, upon acceleration, upon required prepayment by notice of or other requirement of prepayment, by operation of Section 2.05 or otherwise) of or interest on either of the Term Loans or any principal of any Revolving Loan, or (ii) shall fail to pay within three (3) Business Days after the Lender notifies the Borrower that such amount has become due any interestfees, Fees costs, expenses or other amounts (other than principal) payable hereunder or under the Loan Documents within five days of the date when due under the Notes or any other Loan Documents;

Appears in 2 contracts

Samples: Secured Credit Agreement (Cb Commercial Holdings Inc), Senior Secured Credit Agreement (Cb Commercial Real Estate Services Group Inc)

Failure to Make Payments. The Borrower (i) shall fail to pay as and when due any principal (whether at stated maturity, upon acceleration, upon required prepayment or otherwise) any principal of any Loan, Advance or (ii) shall fail to pay interest on any interest, Fees Advance or any other amounts (other than principal) amount payable under the Loan Documents within five days three Business Days of the date when due under the Loan Documents;due; or

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (Macerich Co), Credit and Guaranty Agreement (Macerich Co)

Failure to Make Payments. The Borrower (ia) shall fail to pay as and when due (whether at stated maturity, upon acceleration, upon required prepayment or otherwise) any principal of any LoanLoan or any reimbursement for a drawing under any Letter of Credit, or (iib) shall fail to pay any interest, Fees or other amounts (other than principal) payable under the Loan Documents within five days three Business Days of the date when due under the Loan Documents;; or

Appears in 2 contracts

Samples: Secured Credit Agreement (Informix Corp), Credit Agreement (Adflex Solutions Inc)

Failure to Make Payments. The Borrower (i) shall fail to pay as and when due (whether at stated maturity, upon acceleration, upon required prepayment or otherwise) any principal of any the Loan, or (ii) shall fail to pay any interestfees, Fees charges, expenses or other amounts (other than principal) disbursements payable by the Borrower under the Loan Documents within five days Business Days of the date when due under the Loan Documents;; or

Appears in 2 contracts

Samples: Credit Agreement (Ipsco Tubulars Inc), Credit Agreement (Ipsco Tubulars Inc)

Failure to Make Payments. The Borrower (ia) shall fail to pay as and when due (whether at stated maturity, upon acceleration, upon required prepayment or otherwise) any principal of any Loan, or (iib) shall fail to pay any interestinterest within ten (10) days after it first becomes due, or (c) shall fail to pay Fees or other amounts (other than principal) payable under the Loan Documents within five days of the date when due under the Loan Documents;; or

Appears in 2 contracts

Samples: Revolving Credit Agreement (Ps Business Parks Inc/Ca), Revolving Credit Agreement (Ps Business Parks Inc/Ca)

Failure to Make Payments. The Borrower (a) (i) shall fail to pay as and when due (whether at stated maturity, upon acceleration, upon required prepayment or otherwise) any principal of any Loan, or (ii) The Borrower shall fail to pay any interestprincipal of any Loan when due in accordance with the terms hereof; or (ii) the Borrower shall fail to pay any interest on any Loan, Fees or any other amount payable hereunder or under any other Loan Document, within five (5) Business Days after any such interest or other amounts (other than principal) payable under amount becomes due in accordance with the Loan Documents within five days of the date when due under the Loan Documents;terms hereof.

Appears in 1 contract

Samples: Credit Agreement (Sunpower Corp)

Failure to Make Payments. The Borrower (i) shall fail to pay as and when due any principal (whether at stated maturity, upon acceleration, upon required REVOLVING LOAN AGREEMENT 46 prepayment or otherwise) any principal of any Loan, Advance or (ii) shall fail to pay interest on any interest, Fees Advance or any other amounts (other than principal) amount payable under the Loan Documents within five days of the date when due under the Loan Documents;; or

Appears in 1 contract

Samples: Revolving Loan Agreement (Burnham Pacific Properties Inc)

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Failure to Make Payments. The Borrower (i) shall fail to pay as and when due any principal (whether at stated maturity, upon acceleration, upon required prepayment or otherwise) any principal of any Loan, Advance or (ii) shall fail to pay interest on any interest, Fees Advance or any other amounts (other than principal) amount payable under the Loan Documents within five days of the date when due under the Loan Documents;; or

Appears in 1 contract

Samples: Revolving Loan Agreement (Burnham Pacific Properties Inc)

Failure to Make Payments. The A Borrower (ia) shall fail to pay as and ------------------------ when due (whether at stated maturity, upon acceleration, upon required prepayment or otherwise) any principal of any LoanLoan or any reimbursement for a drawing under any Letter of Credit, or (iib) shall fail to pay any interest, Fees or other amounts (other than principal) payable under the Loan Documents within five days of three Business Days after the date when due under the Loan Documents;; or

Appears in 1 contract

Samples: Senior Secured Credit Agreement (Cotelligent Inc)

Failure to Make Payments. The A Borrower (ia) shall fail to pay as and when due (whether at stated maturity, upon acceleration, upon required prepayment or otherwise) any principal of any Loan, or (iib) shall fail to pay any interest, Fees or other amounts (other than principal) payable under the Loan Documents within five days three Business Days of the date when due under the Loan Documents;; or

Appears in 1 contract

Samples: Senior Secured Credit Agreement (Cotelligent Group Inc)

Failure to Make Payments. The Borrower (ia) shall fail to pay as and when due (whether at stated maturity, upon acceleration, upon required prepayment or otherwise) any principal of any Loan, or (iib) shall fail to pay any interest, Fees or other amounts (other than principal) payable under the Loan Documents within five days of the date when due under the Loan Documents;; or

Appears in 1 contract

Samples: Credit Agreement (Nordstrom Inc)

Failure to Make Payments. The Borrower (i) shall fail to pay as and when due (whether at stated maturity, upon acceleration, upon required prepayment or otherwise) any principal of any LoanLoan or any L/C Obligation, or (ii) shall fail to pay any interest, Fees or other amounts (other than principal) payable under the Loan Documents within five days of the date when due under the Loan Documents;

Appears in 1 contract

Samples: Revolving Credit Agreement (Nordstrom Inc)

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