Common use of Principal Payment Default Clause in Contracts

Principal Payment Default. The Borrower shall fail to pay any principal of the Loan, when and as the same shall become due and payable, whether at the due date thereof, at a date fixed for prepayment thereof or otherwise.

Appears in 12 contracts

Samples: Credit Agreement (Marinus Pharmaceuticals, Inc.), Credit Agreement and Guaranty (BioXcel Therapeutics, Inc.), Credit Agreement (Tpi Composites, Inc)

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Principal Payment Default. The Borrower Obligors shall fail to pay any principal of the Loan, when and as the same shall become due and payable, whether at the due date thereof, at a date fixed for prepayment thereof or otherwise.

Appears in 3 contracts

Samples: Credit Agreement (Fractyl Health, Inc.), Credit Agreement and Guaranty (Seres Therapeutics, Inc.), Credit Agreement and Guaranty (scPharmaceuticals Inc.)

Principal Payment Default. The Borrower shall fail to pay any principal of the Loan, when and as the same shall become due and payable, whether at the due date thereof, at a date fixed for prepayment thereof or otherwise.. (b)

Appears in 1 contract

Samples: Credit Agreement and Guaranty (Verona Pharma PLC)

Principal Payment Default. The Borrower shall fail to pay any principal of the Loan, any Loan when and as the same shall become due and payable, whether at the due date thereof, thereof or at a date fixed for prepayment thereof or otherwise.;

Appears in 1 contract

Samples: Loan Agreement (Aenza S.A.A.)

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Principal Payment Default. The Borrower shall fail to pay any principal of the LoanLoans, when and as the same shall become due and payable, whether at the due date thereof, at a date fixed for prepayment thereof or otherwise.

Appears in 1 contract

Samples: Credit Agreement and Guaranty (Nevro Corp)

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