Common use of Default in Payment of Principal of Loans Clause in Contracts

Default in Payment of Principal of Loans. The Borrower shall default in any payment of principal of any Loan when and as due (whether at maturity, by reason of acceleration or otherwise).

Appears in 21 contracts

Samples: Term Loan Agreement (Hormel Foods Corp /De/), Credit Agreement, Credit Agreement (Lubys Inc)

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Default in Payment of Principal of Loans. The Borrower shall default in any payment of principal of any Loan or Revolving Credit Note when and as due (whether at maturity, by reason of acceleration or otherwise).

Appears in 19 contracts

Samples: Credit Agreement (Cooper River Properties LLC), Credit Agreement (Cooper River Properties LLC), Credit Agreement (Cooper River Properties LLC)

Default in Payment of Principal of Loans. The Any Borrower shall default in any payment of principal of any Loan when and as due (whether at maturity, by reason of acceleration or otherwise).

Appears in 12 contracts

Samples: Credit Agreement (BlackRock Inc.), Credit Agreement (BlackRock Inc.), Credit Agreement (BlackRock Inc.)

Default in Payment of Principal of Loans. The Borrower Borrowers shall default in any payment of principal of any Loan or Note when and as due (whether at maturity, by reason of acceleration or otherwise).

Appears in 7 contracts

Samples: Bridge Credit Agreement (Belk Inc), Credit Agreement (Rare Hospitality International Inc), Credit Agreement (United States Lime & Minerals Inc)

Default in Payment of Principal of Loans. The Any Borrower shall default in any payment of principal of any Loan or Note when and as due (whether at maturity, by reason of acceleration or otherwise).

Appears in 6 contracts

Samples: Credit Agreement (Ahl Services Inc), Credit Agreement (Ahl Services Inc), Credit Agreement (Ahl Services Inc)

Default in Payment of Principal of Loans. The Borrower shall default in any payment of principal of any Loan or the Note when and as due (whether at maturity, by reason of acceleration or otherwise).

Appears in 4 contracts

Samples: Credit Agreement (Rare Hospitality International Inc), Credit Agreement (Penske Motorsports Inc), Credit Agreement (Optio Software Inc)

Default in Payment of Principal of Loans. The Borrower shall default ---------------------------------------- in any payment of principal of any Loan or Note when and as due (whether at maturity, by reason of acceleration or otherwise).

Appears in 3 contracts

Samples: Credit Agreement (Cable Michigan Inc), Credit Agreement (Commonwealth Telephone Enterprises Inc /New/), Credit Agreement (Commonwealth Telephone Enterprises Inc /New/)

Default in Payment of Principal of Loans. The Borrower Borrowers shall default in any payment of principal of any Loan or Note, when and as due (whether at maturity, by reason of acceleration or otherwise).

Appears in 2 contracts

Samples: Credit Agreement (Imagemax Inc), Credit Agreement (Imagemax Inc)

Default in Payment of Principal of Loans. The Borrower shall default in any the payment of any principal of any Loan or Note when and as due (whether at maturity, by reason of acceleration or otherwise).

Appears in 2 contracts

Samples: Credit Agreement (Roanoke Electric Steel Corp), Credit Agreement (Roanoke Electric Steel Corp)

Default in Payment of Principal of Loans. The Borrower Borrowers shall default in any payment of principal of any Loan when and as due (whether at maturity, by reason of acceleration or otherwise).

Appears in 2 contracts

Samples: Credit Agreement (Turning Point Brands, Inc.), Second Lien Credit Agreement (Turning Point Brands, Inc.)

Default in Payment of Principal of Loans. The Borrower or any other Loan Party shall default in any payment of principal of any Loan when and as due (whether at maturity, by reason of acceleration or otherwise).

Appears in 2 contracts

Samples: Credit Agreement (Pool Corp), Credit Agreement (Pool Corp)

Default in Payment of Principal of Loans. The Borrower shall default in any payment of principal of any Loan or Note or Reimbursement Obligation when and as due (whether at maturity, by reason of acceleration or otherwise).

Appears in 1 contract

Samples: Credit Agreement (Texfi Industries Inc)

Default in Payment of Principal of Loans. The Borrower shall default in any payment of principal of of, or interest on, any Loan or the Note when and as due (whether at maturity, by reason of acceleration or otherwise).

Appears in 1 contract

Samples: Credit Agreement (Medical Manager Corp)

Default in Payment of Principal of Loans. The Borrower shall default in any payment of principal of any Loan or Reimbursement Obligations when and as due (whether at maturity, by reason of acceleration or otherwise).

Appears in 1 contract

Samples: Patent Security Agreement (Turning Point Brands, Inc.)

Default in Payment of Principal of Loans. The Borrower shall default in any payment of principal of of, or interest on, any Loan or the Notes when and as due (whether at maturity, by reason of acceleration or otherwise).

Appears in 1 contract

Samples: Credit Agreement (Healthplan Services Corp)

Default in Payment of Principal of Loans. The Borrower shall default in any payment of principal of any Loan Loan, Note or Reimbursement Obligation when and as due (whether at maturity, by reason of acceleration or otherwise).

Appears in 1 contract

Samples: Credit Agreement (Insignia Esg Holdings Inc)

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Default in Payment of Principal of Loans. The Any Borrower shall ---------------------------------------- default in any payment of principal of any Loan or Note when and as due (whether at maturity, by reason of acceleration or otherwise).

Appears in 1 contract

Samples: Credit Agreement (Maxim Group Inc /)

Default in Payment of Principal of Loans. The Borrower shall default in any payment of principal of any Loan or Note when and as due (whether at maturity, by reason of acceleration or otherwise).

Appears in 1 contract

Samples: Credit Agreement (Insignia Financial Group Inc /De/)

Default in Payment of Principal of Loans. The Borrower or any Credit Party shall default in any payment of principal of any Term Loan when and as due (whether at maturity, by reason of acceleration or otherwise).

Appears in 1 contract

Samples: Credit Agreement (Walker & Dunlop, Inc.)

Default in Payment of Principal of Loans. The Borrower shall default in any payment of principal of any Loan when and as due (whether at maturity, by reason of acceleration or otherwise).. (b)

Appears in 1 contract

Samples: Debt Subordination Agreement

Default in Payment of Principal of Loans. The Borrower shall default in any payment of principal of any Term Loan when and as due (whether at maturity, by reason of acceleration or otherwise).

Appears in 1 contract

Samples: Credit Agreement (Belden Inc.)

Default in Payment of Principal of Loans. The Borrower shall default in ---------------------------------------- any payment of principal of any Loan or the Note when and as due (whether at maturity, by reason of acceleration or otherwise).

Appears in 1 contract

Samples: Credit Agreement Credit Agreement (Edutrek Int Inc)

Default in Payment of Principal of Loans. The Borrower Loan Parties shall default in any payment of principal of any Loan or Note when and as due (whether at maturity, by reason of acceleration or otherwise).

Appears in 1 contract

Samples: Credit Agreement (Knology Inc)

Default in Payment of Principal of Loans. The Borrower shall default in any payment of principal of any Revolving Credit Loan or Revolving Credit Note when and as due (whether at maturity, by reason of acceleration or otherwise).

Appears in 1 contract

Samples: Credit Agreement (Richfood Holdings Inc)

Default in Payment of Principal of Loans. The Borrower Any Credit Party shall default in any payment of principal of any Loan or the Notes when and as due (whether at maturity, by reason of acceleration or otherwise).

Appears in 1 contract

Samples: Credit Agreement (Sterile Recoveries Inc)

Default in Payment of Principal of Loans. The Either Co-Borrower shall default in any payment of principal of any Loan or Note when and as due (whether at maturity, by reason of acceleration or otherwise).

Appears in 1 contract

Samples: Day Credit Agreement (Scientific Games Holdings Corp)

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