Common use of Principal or Letter of Credit Obligation Payment Clause in Contracts

Principal or Letter of Credit Obligation Payment. The Borrower shall fail to pay any principal of any Note or any Letter of Credit Obligation when the same becomes due and payable as set forth in this Agreement;

Appears in 11 contracts

Samples: Pledge and Security Agreement (LaSalle Hotel Properties), Senior Unsecured Credit Agreement (LaSalle Hotel Properties), Senior Unsecured Credit Agreement (LaSalle Hotel Properties)

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Principal or Letter of Credit Obligation Payment. The Borrower or any Guarantor shall fail to pay any principal of any Note or any Letter of Credit Obligation when the same becomes due and payable as set forth in this Agreement;

Appears in 1 contract

Samples: Senior Secured Credit Agreement (Meristar Hospitality Corp)

Principal or Letter of Credit Obligation Payment. The Borrower ------------------------------------------------ shall fail to pay any principal of any Note or any Letter of Credit Obligation when the same becomes due and payable as set forth in this Agreement;

Appears in 1 contract

Samples: Credit Agreement (Lasalle Hotel Properties)

Principal or Letter of Credit Obligation Payment. The Borrower or any ------------------------------------------------ Guarantor shall fail to pay any principal of any Note or any Letter of Credit Obligation when the same becomes due and payable as set forth in this Agreement;

Appears in 1 contract

Samples: Credit Agreement (Meristar Hospitality Corp)

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Principal or Letter of Credit Obligation Payment. The Borrower shall ------------------------------------------------ fail to pay any principal of any Note or any Letter of Credit Obligation when the same becomes due and payable as set forth in this Agreement;

Appears in 1 contract

Samples: Credit Agreement (American General Hospitality Corp)

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