Common use of Nonpayment Clause in Contracts

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

Appears in 5 contracts

Samples: Revolving Credit and Security Agreement (Williams Industrial Services Group Inc.), Security Agreement (Williams Industrial Services Group Inc.), Security Agreement (Williams Industrial Services Group Inc.)

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Nonpayment. Failure by any Loan Party to pay when due (a) when due any principal or interest on the Obligations (including without limitation pursuant to Section 2.9 hereof2.9), or (b) within three (3) Business Days of when due any interest, other fee, charge, amount or liability provided for herein or in any Other Document, in each case whether at maturity, by reason of acceleration pursuant to the terms of this AgreementAgreement or any Other Document, by notice of intention to prepay or by required prepayment;

Appears in 2 contracts

Samples: Revolving Credit and Security Agreement and Guaranty (Viant Technology Inc.), Security Agreement (Viant Technology Inc.)

Nonpayment. Failure by any Loan Party to pay when due (a) any principal on the Obligations (including without limitation pursuant to Section 2.9) when due, or (b) any interest on the Obligations (including without limitation pursuant to Section 2.9 hereof), or (b2.9) and any other fee, charge, amount or liability provided for herein or in any Other Document, in each case whether at maturity, by reason Document within three (3) Business Days of acceleration pursuant to the terms of this Agreement, by notice of intention to prepay or by required prepayment;when such payments are due and owing.

Appears in 2 contracts

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

Nonpayment. Failure by any Loan Credit Party to pay when due (a) any principal or interest on the Obligations (including without limitation pursuant to Section 2.9 hereof)when due, or (b) any other fee, charge, amount or liability provided for herein or in any Other Document, in each case whether at maturity, maturity or by reason of acceleration pursuant to the terms of this Agreement, Agreement or by notice of intention to prepay prepay, or by required prepaymentprepayment 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 1 contract

Samples: Guaranty Agreement (Drilling Tools International Corp)

Nonpayment. Failure by any Loan Party to pay when due (a) any principal or interest on the Obligations (including without limitation pursuant to Section 2.9 hereof2.9), or (b) any other fee, charge, amount or liability provided for herein or in any Other Document, in each case whether at maturity, by reason of acceleration pursuant to the terms of this Agreement, by notice of intention to prepay or by required prepayment;.

Appears in 1 contract

Samples: Security Agreement (Ampco Pittsburgh Corp)

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Nonpayment. Failure by any Loan Party to pay when due (a) any principal or interest on the Obligations (including without limitation pursuant to Section 2.9 hereof2.9), or (b) any interest on the Obligations or any other fee, charge, amount or liability provided for herein or in any Other Document, in each case whether at maturity, by reason of acceleration pursuant to the terms of this Agreement, by notice of intention to prepay or by required prepayment;.

Appears in 1 contract

Samples: Collateral Pledge Agreement (Universal Logistics Holdings, Inc.)

Nonpayment. Failure by any Loan Party to pay when due (a) any principal or interest on the Obligations (including without limitation pursuant to Section 2.9 hereof), or (b) any other fee, charge, amount or liability provided for herein or in any Other Document, in each case whether at maturity, by reason of acceleration pursuant to the terms of this Agreement, by notice of intention to prepay or by required prepayment;; 110 074658.18062/111245555v.10

Appears in 1 contract

Samples: Security Agreement (Perma-Pipe International Holdings, Inc.)

Nonpayment. Failure by any Loan Party to pay when due (a) Borrower to pay any principal or interest on the Obligations (including without limitation pursuant to Section 2.9 hereof)when due, or (b) any Loan Party to pay any other fee, charge, amount or liability provided for herein or in any Other DocumentDocument within two (2) Business Days of the date when due, in each case case, whether at maturity, by reason of acceleration pursuant to the terms of this Agreement, by notice of intention to prepay or by required prepayment;.

Appears in 1 contract

Samples: Term Loan Credit and Guaranty Agreement (New Enterprise Stone & Lime Co., Inc.)

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