Common use of Failure to Repay Principal Clause in Contracts

Failure to Repay Principal. The Borrower shall fail to pay any principal of any Loan or any Reimbursement Obligation when the same becomes due and payable; or

Appears in 3 contracts

Samples: Credit Agreement (National Steel Corp), Credit Agreement (National Steel Corp), Credit Agreement (National Steel Corp)

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Failure to Repay Principal. The Borrower shall fail to pay any principal of any Loan or any Reimbursement Obligation when the same becomes due and payable; or

Appears in 2 contracts

Samples: Subordinated Credit Agreement (National Steel Corp), Subordinated Credit Agreement (National Steel Corp)

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