Common use of Nonpayment Clause in Contracts

Nonpayment. Failure by any Borrower to pay any principal or interest on the Obligations when due, whether at maturity or by reason of acceleration pursuant to the terms of this Agreement or by notice of intention to prepay, or by required prepayment or failure to pay any other liabilities or make any other payment, fee or charge provided for herein when due or in any Other Document;

Appears in 28 contracts

Samples: Credit and Security Agreement (ARKO Corp.), Credit and Security Agreement (ARKO Corp.), Credit and Security Agreement (ARKO Corp.)

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Nonpayment. Failure by any Borrower to pay (a) any principal on the Obligations (including without limitation pursuant to Section 2.9) when due, or (b) any interest on the Obligations when due, whether at maturity or by reason of acceleration (including without limitation pursuant to the terms of this Agreement or by notice of intention to prepay, or by required prepayment or failure to pay Section 2.9) and any other liabilities fee, charge, amount or make any other payment, fee or charge liability provided for herein when due or in any Other Document;Document within three (3) Business Days of when such payments are due and owing.

Appears in 6 contracts

Samples: Loan and Security Agreement (PHI Group, Inc./De), Security Agreement (PHI Group, Inc./De), Loan and Security Agreement (PHI Group, Inc./De)

Nonpayment. Failure by any Borrower to pay any principal or interest on the Obligations when due, whether at maturity or by reason of acceleration pursuant to the terms of this Agreement or by notice of intention to prepay, or by required prepayment or failure to pay when due any other liabilities or make any other payment, fee or charge provided for herein when due or in any Other Document;

Appears in 4 contracts

Samples: Term Loan Credit and Security Agreement (EVINE Live Inc.), Security Agreement (Gaiam, Inc), Security Agreement (Valuevision Media Inc)

Nonpayment. Failure by any Borrower to pay any principal or interest on the Obligations when due, whether at maturity or by reason of acceleration pursuant to the terms of this Agreement or by notice of intention to prepay, or by required prepayment or failure to pay any other liabilities or make any other payment, fee or charge provided for herein when due or in any Other Document;

Appears in 4 contracts

Samples: Security Agreement (Goodman Networks Inc), Security Agreement (Union Drilling Inc), Revolving Credit and Security Agreement (Johnson Outdoors Inc)

Nonpayment. Failure by any Borrower to pay any principal or interest on the Obligations when due, whether at maturity or by reason of acceleration pursuant to the terms of this Agreement or by notice of intention to prepay, or by required prepayment or failure to pay when due any other liabilities or make any other payment, fee or charge provided for herein when due or in any Other DocumentDocument (violations of or related to the Formula Amount and/or the Borrowing Base Certificate shall be deemed to be a default under this Section 10.1);

Appears in 4 contracts

Samples: Security Agreement (Perma Fix Environmental Services Inc), Security Agreement (Perma Fix Environmental Services Inc), Security Agreement (Perma Fix Environmental Services Inc)

Nonpayment. Failure by any Borrower to pay any principal or interest on the Obligations when due, whether at maturity or by reason of acceleration pursuant to the terms of this Agreement or by notice of intention to prepay, or by required prepayment or failure to pay any other liabilities or make any other payment, fee or charge provided for herein (including the failure to make any Gross-Up Payment) when due or in any Other Document;

Appears in 3 contracts

Samples: Security Agreement (Geokinetics Inc), Security Agreement (Geokinetics Inc), Security Agreement (Geokinetics Inc)

Nonpayment. Failure by any Borrower to pay any principal or interest on the Obligations when due, whether at maturity or by reason of acceleration pursuant to the terms of this Agreement or by notice of intention to prepay, or by required prepayment or failure to pay when due any other liabilities or make any other payment, fee or charge provided for herein when due or in any Other Document;

Appears in 2 contracts

Samples: Security Agreement (P&f Industries Inc), Security Agreement (Apac Customer Service Inc)

Nonpayment. Failure by any Borrower or Guarantor to pay when due (a) any principal or interest on the Obligations when due(including without limitation pursuant to Section 2.9), or (b) any other fee, charge, amount or liability provided for herein or in any Other Document, in each case whether at maturity or maturity, by reason of acceleration pursuant to the terms of this Agreement or Agreement, by notice of intention to prepay, prepay or by required prepayment or failure to pay any other liabilities or make any other payment, fee or charge provided for herein when due or in any Other Documentprepayment;

Appears in 2 contracts

Samples: Revolving Credit and Security Agreement (Build-a-Bear Workshop Inc), Revolving Credit and Security Agreement (Build a Bear Workshop Inc)

Nonpayment. Failure by any Borrower to pay any principal or interest on the Obligations (including without limitation pursuant to Section 2.9) when due, whether due at maturity or by reason of acceleration pursuant to the terms of this Agreement or by notice of intention to prepay, or by required prepayment or failure to pay any other liabilities or make any other payment, fee or charge provided for herein when due or in any Other Document;Document when due.

Appears in 2 contracts

Samples: Revolving Credit and Security Agreement (Virco MFG Corporation), Credit and Security Agreement (Virco MFG Corporation)

Nonpayment. Failure by any Borrower Borrowers to pay any principal or interest on the Obligations when due, whether at maturity or by reason of acceleration pursuant to the terms of this Agreement or by notice of intention to prepay, or by required prepayment or failure to pay when due any other liabilities or make any other payment, fee or charge provided for herein when due or in any Other DocumentDocument (violations of or related to the Formula Amount and/or the Borrowing Base Certificate shall be deemed to be a default under this Section 10.1);

Appears in 2 contracts

Samples: Security Agreement (Dreams Inc), Security Agreement (Intcomex, Inc.)

Nonpayment. Failure by any Borrower to pay when due (a) any principal or interest on the Obligations when due(including without limitation pursuant to Section 2.9), or (b) any other fee, charge, amount or liability provided for herein or in any Other Document, in each case whether at maturity or maturity, by reason of acceleration pursuant to the terms of this Agreement or Agreement, by notice of intention to prepay, prepay or by required prepayment or failure to pay any other liabilities or make any other payment, fee or charge provided for herein when due or in any Other Document;prepayment.

Appears in 2 contracts

Samples: Loan and Security Agreement (Ati Inc), Security Agreement (Allegheny Technologies Inc)

Nonpayment. Failure by any Borrower to pay any principal or interest on the Obligations when due, whether at maturity or by reason of acceleration pursuant to the terms of this Agreement or by notice of intention to prepay, or by required prepayment or failure to pay any other liabilities liabilities, or make any other payment, fee or charge provided for herein when due or in any Other Document;.

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (Zanett Inc)

Nonpayment. Failure by any Borrower to pay any principal or interest on the Obligations when due, whether at maturity or by reason of acceleration pursuant to the terms of this Agreement or by notice of intention to prepay, or by required prepayment or failure to pay any other liabilities or make any other payment, fee or charge provided for herein when due or in any Other DocumentDocument unless such other liability, payment, fee or charge is paid within five (5) Business Days after Agent or any Lender makes written demand therefor;

Appears in 1 contract

Samples: Security Agreement (Enservco Corp)

Nonpayment. Failure by any Borrower to (a) pay any principal or interest on the Obligations when due, whether at maturity or by reason of acceleration pursuant to the terms of this Agreement or by notice of intention to prepay, or by required prepayment or failure to (b) pay when due any other liabilities or make any other payment, fee or charge provided for herein when due or in any Other Documentother Credit Document and such failure to pay when due any amount described in this clause (b) shall continue for three (3) Business Days;

Appears in 1 contract

Samples: Credit Agreement (Keane Group, Inc.)

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Nonpayment. Failure by any Borrower to (a) pay any principal or interest on the Obligations when due, whether at maturity or by reason of acceleration pursuant to the terms of this Agreement or by notice of intention to prepay, or by required prepayment or failure to (b) pay when due any other liabilities or make any other payment, fee or charge provided for herein when due or in any Other DocumentDocument and such failure to pay when due any amount described in this clause (b) shall continue for three (3) Business Days;

Appears in 1 contract

Samples: Security Agreement (Keane Group, Inc.)

Nonpayment. (a) Failure by any Borrower to pay any principal or interest on the Obligations when due, whether at maturity or by reason of acceleration pursuant to the terms of this Agreement or by notice of intention to prepay, or by required prepayment prepayment, or (b) failure to pay any other liabilities or make any other payment, fee or charge provided for herein when due or in any Other Document;

Appears in 1 contract

Samples: Security Agreement (Sypris Solutions Inc)

Nonpayment. Failure by any Borrower to pay any principal or interest on the Obligations when due, whether at maturity or by reason of acceleration pursuant to the terms of this Agreement or by notice of intention to prepay, or by required prepayment or failure to pay when due any other liabilities or make any other payment, fee or charge provided for herein when due or in any Other DocumentDocument when due;

Appears in 1 contract

Samples: Security Agreement (Absolute Life Solutions, Inc.)

Nonpayment. Failure by any Borrower to pay when due (a) any principal or interest on the Obligations when due(including without limitation pursuant to Section 2.6), or (b) any other fee, charge, amount or liability provided for herein or in any Other Document, in each case whether at maturity or maturity, by reason of acceleration pursuant to the terms of this Agreement or Agreement, by notice of intention to prepay, prepay or by required prepayment or failure to pay any other liabilities or make any other payment, fee or charge provided for herein when due or in any Other Document;prepayment.

Appears in 1 contract

Samples: Loan and Security Agreement (Boomerang Systems, Inc.)

Nonpayment. Failure by any Borrower to pay any principal or interest on the Obligations when due, whether at maturity or by reason of acceleration pursuant to the terms of this Agreement or by notice of intention to prepay, or by required prepayment or failure to pay any other liabilities or make any other payment, fee or charge provided for herein when due or in any Other Document;; 154

Appears in 1 contract

Samples: Credit and Security Agreement (ARKO Corp.)

Nonpayment. Failure by any Borrower to pay (i) any principal or interest on the Obligations when due, whether at maturity or by reason of acceleration pursuant to the terms of this Agreement or by notice of intention to prepay, or by required prepayment or failure to pay (ii) any interest on the Obligations or other liabilities or make any other payment, fee or charge provided for herein when due or in any Other DocumentDocument (other than any amount referred to in sub-clause (i) of this Section 9.1) when due and such failure shall remain unremedied for three Business Days;

Appears in 1 contract

Samples: Senior Credit Agreement

Nonpayment. Failure by any Borrower to pay any principal or interest on the Obligations when due, whether at maturity or by reason of acceleration pursuant to the terms of this Agreement or by notice of intention to prepay, or by required prepayment or failure to pay when due any other liabilities or make any other payment, fee or charge provided for herein when due or in any Other other Loan Document;

Appears in 1 contract

Samples: Loan and Security Agreement (Swenson Granite Co LLC)

Nonpayment. Failure by any Borrower to pay any principal or interest on the Obligations when due, whether at maturity or by reason of acceleration pursuant to the terms of this Agreement or by notice of intention to prepay, or by required prepayment or failure by any Loan Party to pay any other liabilities or make any other payment, fee or charge provided for herein when due or in any Other Document;

Appears in 1 contract

Samples: Security Agreement (General Finance CORP)

Nonpayment. Failure by any Borrower to pay any principal principal, interest, or interest on reimbursement obligation with respect to the Obligations when due, whether at maturity or by reason of acceleration pursuant to the terms of this Agreement or by notice of intention to prepay, or by required prepayment or failure to pay any other liabilities or make any other payment, fee or charge provided for herein when due or in any Other Document;

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (Tecumseh Products Co)

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