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

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

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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

Samples: 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 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 1 contract

Samples: Credit Agreement (TransMontaigne Partners LLC)

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

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

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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

Samples: Credit Agreement (SemGroup Corp)

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.. 180

Appears in 1 contract

Samples: Credit Agreement (TransMontaigne Partners LLC)

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