Common use of Nonpayment Clause in Contracts

Nonpayment. The Borrower shall fail to pay (i) any interest due on the Note or any fees, charges, costs or expenses under the Loan Documents by 5 days after the same becomes due; or (ii) any principal amount of the Note when due.

Appears in 12 contracts

Samples: Revolving Credit Agreement (SRS Labs Inc), Term Loan Agreement (Park City Group Inc), Term Loan Agreement (Outdoor Channel Holdings Inc)

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Nonpayment. The Borrower shall fail to pay (i) when due (whether by mandatory prepayment or otherwise) any interest due on principal of the Note or any fees, charges, costs or expenses under the Loan Documents by 5 days after the same becomes due; Notes or (ii) more than five (5) days after the due date thereof, any principal amount of interest on the Note when dueNotes on any fees or any other Obligations payable hereunder.

Appears in 4 contracts

Samples: Credit Agreement (QC Holdings, Inc.), Credit Agreement (QC Holdings, Inc.), Credit Agreement (QC Holdings, Inc.)

Nonpayment. The Borrower shall fail fails to pay (i) any interest due on the Note Notes or any fees, charges, costs or expenses under the Loan Documents by 5 days after the same becomes due; or (ii) any principal amount of the Note Notes when due.

Appears in 2 contracts

Samples: Credit Agreement (Anchor Bancorp Wisconsin Inc), Credit and Term Loan Agreement (United Community Bancshares Inc)

Nonpayment. The Borrower shall fail fails to pay (i) any interest due on the Note or any fees, charges, costs or expenses under the Loan Documents by 5 days after the same becomes due; or (ii) any principal amount of the Note when due.

Appears in 2 contracts

Samples: Term Loan and Security Agreement (Greater Bay Bancorp), Term Loan Agreement (United Community Bancshares Inc)

Nonpayment. The Any Borrower shall (i) fail to pay (i) when due any interest due on the Note or any feespayment of principal, charges, costs or expenses under the Loan Documents by 5 days after the same becomes due; or (ii) any principal amount within five (5) Business Days of the Note date when due, fail to pay any payment of interest, costs, fees or any other sums due under this Agreement.

Appears in 1 contract

Samples: Loan Agreement (Royal Gold Inc)

Nonpayment. The Borrower shall fail to pay (i) any interest due on the Note or any fees, charges, costs or expenses under the Loan Documents by 5 days clays after the same becomes due; or (ii) any principal amount of the Note when due.

Appears in 1 contract

Samples: Revolving Credit Agreement (American Wagering Inc)

Nonpayment. The Any Borrower shall fail to pay (i) when due any principal of the Loan, or shall fail to pay within three Business Days of when due any interest due on the Note or any fees, charges, costs fees or expenses under the Loan Documents by 5 days after the same becomes dueany other amount payable hereunder; or (ii) any principal amount of the Note when due.or

Appears in 1 contract

Samples: Loan Agreement (Digital Cinema Destinations Corp.)

Nonpayment. The Borrower shall fail to pay (i) any interest due on the Note or any fees, charges, costs or expenses under the Loan Documents by 5 days after the same becomes due; or (ii) any principal amount of the Note when due.. (b)

Appears in 1 contract

Samples: Revolving Credit Agreement (Nautilus Group Inc)

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Nonpayment. The Borrower shall fail to pay (i) any interest due on the this Note or any fees, charges, costs or expenses under the Loan Documents by 5 days after the same becomes when due; or (ii) any principal amount of the this Note when due, except principal amount due at maturity, and such nonpayment shall remain unremedied for a period of ten (10) days.

Appears in 1 contract

Samples: National Research Corp

Nonpayment. The Borrower shall fail to pay (i) any interest due on the Note or any fees, charges, costs or expenses under the Loan Documents by 5 within five (5) days after the same becomes due; or (ii) any principal amount of the Note when due.

Appears in 1 contract

Samples: Credit Agreement (New Age Beverages Corp)

Nonpayment. The Borrower shall fail fails to pay (i) any interest due on ---------- the Note or any fees, charges, costs or expenses under the Loan Documents by within 5 days after the same becomes due; or (ii) any principal amount of the Note when due.

Appears in 1 contract

Samples: Credit Agreement (Blackhawk Bancorp Inc)

Nonpayment. The Borrower shall fail to pay (i) any interest due on the Note Notes or under any L/C Reimbursement Agreement, or any fees, charges, costs costs, expenses or expenses other amounts under the Loan Documents Document by 5 five (5) days after the same becomes due; or (ii) any principal amount of due on the Note Notes when due.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Vaughn Communications Inc)

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