Common use of Principal Payment Default Clause in Contracts

Principal Payment Default. Default shall be made in the payment of any principal of any Loan or L/C Reimbursement Obligation when and as the same shall become due and payable, whether at the due date thereof or at a date fixed for prepayment thereof or by acceleration thereof or otherwise.

Appears in 6 contracts

Sources: Credit Agreement (REV Renewables, Inc.), Credit Agreement (REV Renewables, Inc.), Credit Agreement (REV Renewables, Inc.)

Principal Payment Default. Default shall be made in the payment of any principal of any Loan or L/C Reimbursement Obligation when and as the same shall become due and payable, whether at the due date thereof or at a date fixed for prepayment thereof or by acceleration thereof or otherwise.

Appears in 5 contracts

Sources: Credit Agreement (TransMontaigne Partners LLC), Credit Agreement (TransMontaigne Partners LLC), Credit Agreement (TransMontaigne Partners LLC)

Principal Payment Default. Default shall be made in the payment of any principal of any Loan or L/C Reimbursement Obligation Bond when and as the same shall become due and payable, whether at the due date thereof or at a date fixed for prepayment thereof or by acceleration thereof or otherwise.

Appears in 3 contracts

Sources: Continuing Covenant Agreement, Continuing Covenant Agreement (SemGroup Corp), Continuing Covenant Agreement (SemGroup Corp)

Principal Payment Default. Default shall be made in the payment of any principal of any the Term Loan or L/C Reimbursement Obligation when and as the same shall become due and payable, whether at the due date thereof or at a date fixed for prepayment thereof or by acceleration thereof or otherwisethereof.

Appears in 1 contract

Sources: Term Loan Agreement (Solar Power, Inc.)

Principal Payment Default. Default shall be made in the payment of any principal of any Loan or L/C Reimbursement Obligation any reimbursement obligation in respect of any LC Disbursement when and as the same shall become due and payable, whether at the due date thereof or at a date fixed for prepayment thereof or by acceleration thereof or otherwise.

Appears in 1 contract

Sources: Credit Agreement (SemGroup Corp)