Common use of Payment of Loans Clause in Contracts

Payment of Loans. Borrower shall fail to make any payment of principal, interest or premium, if any, owing on the Loans on the due date thereof (whether due at stated maturity, on demand, upon acceleration or otherwise).

Appears in 1 contract

Samples: Loan Agreement (Fresh Foods Inc)

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Payment of Loans. Any Borrower shall fail to make pay any payment of principalthe principal of, or interest or premium, if any, owing on the Loans on the due date thereof (whether due at stated maturity, on demand, upon acceleration or otherwise).

Appears in 1 contract

Samples: Loan and Security Agreement (Restoration Hardware Inc)

Payment of Loans. Borrower shall fail to make pay any payment installment of principal, interest or premium, if any, owing on the Loans on the due date thereof (whether due at stated maturity, on demand, upon acceleration or otherwise)therefor.

Appears in 1 contract

Samples: Loan and Security Agreement (Financial Performance Corp)

Payment of Loans. Any Borrower shall fail to make pay any payment of principalthe ---------------- principal of, or interest or premium, if any, owing on the Loans on the due date thereof (whether due at stated maturity, on demand, upon acceleration or otherwise).

Appears in 1 contract

Samples: Loan and Security Agreement (Restoration Hardware Inc)

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Payment of Loans. Borrower shall fail to make pay any payment installment of principal, interest or premium, if any, owing on the Revolving Credit Loans or on the Term Loan on the due date thereof (whether due at stated maturity, on demand, upon acceleration or otherwise).

Appears in 1 contract

Samples: Loan and Security Agreement (Union Drilling Inc)

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