Common use of Payment of Principal, Interest Clause in Contracts

Payment of Principal, Interest. The Borrower defaults in the prompt payment as and when due of the principal of or interest on the Loan or any fees due under this Loan Agreement, or in the prompt payment when due of any other indebtednesses, liabilities, or obligations to the Bank, whether now existing or hereafter created or arising; direct or indirect, absolute or contingent; or

Payment of Principal, Interest. The Borrower defaults in the prompt payment as and when due of the principal of or interest on the Loan Revolving Credit Note or any fees sums due under said note, this Loan Agreement or the Borrower Security Agreement, ; or in the prompt payment when due of any other indebtednessesindebtedness, liabilities, or obligations to the Bank, whether now existing or hereafter created or arising; direct or indirect, absolute or contingent; or

Payment of Principal, Interest. The Borrower defaults in the prompt payment as and when due of the principal of or interest on the Loan or any fees due under this Loan Agreement, or in the prompt payment when due of any other indebtednessesindebtedness, liabilities, or obligations to the Bank, whether now existing or hereafter created or arising; direct or indirect, absolute or contingent, which default shall continue unremedied for a period of five (5) days; or

Payment of Principal, Interest. The Borrower defaults in the prompt payment as and when due of the principal of or interest on the Loan or any fees due under this Loan AgreementAgreement when due, or in the prompt performance or payment when due of any other indebtednesses, liabilities, or obligations Obligations to the Bank, whether now existing or hereafter created or arising; , direct or indirect, absolute or contingent; or

Payment of Principal, Interest. The Borrower defaults in the prompt payment as and when due of the principal of or interest on the Loan or any fees due under this Loan Agreement, or in the prompt performance or payment when due of any other indebtednesses, liabilities, or obligations Obligations to the Bank, whether now existing or hereafter created or arising; , direct or indirect, absolute or contingent; or

Payment of Principal, Interest. The (i) Borrower defaults in the prompt payment as and when due of the principal of or interest on the Revolving Credit Loan pursuant to the Revolving Credit Note or any fees other Indebtedness due under this Agreement or any of the other Loan Agreement, or in the prompt payment when due of any other indebtednesses, liabilities, or obligations to the Bank, whether now existing or hereafter created or arising; direct or indirect, absolute or contingent; orDocuments,

Payment of Principal, Interest. The Borrower or Term Loan Borrower defaults in the prompt payment as and when due of the principal of or interest on the Loan Loans or any fees due under this Loan Agreement, or in the prompt payment when due of any other indebtednessesindebtedness, liabilities, or obligations to the Bank, whether now existing or hereafter created or arising; direct or indirect, absolute or contingent, and including without limitation any failure to pay upon acceleration or maturity, which default shall continue unremedied for a period of five (5) days; or

Payment of Principal, Interest. The Borrower defaults in the prompt payment as and when due of the principal of or interest on the Loan Revolving Credit Note or Term Note or any fees due under said notes, this Loan Agreement or the Security Agreement, ; or in the prompt payment when due of any other indebtednessesindebtedness, liabilities, or obligations to the Bank, whether now existing or hereafter created or arising; direct or indirect, absolute or contingent; or

Payment of Principal, Interest. The Borrower defaults in the prompt payment as and when due of the principal of or interest on the Loan Term Note or any fees due under said note, this Loan Agreement or the Security Agreement, ; or in the prompt payment when due of any other indebtednessesindebtedness, liabilities, or obligations to the Bank, whether now existing or hereafter created or arising; direct or indirect, absolute or contingent; or