Common use of Default in Payment of Principal Clause in Contracts

Default in Payment of Principal. The Borrower shall fail to pay when due (whether upon demand, at maturity, by reason of acceleration or otherwise) the principal of any of the Loans, or any Reimbursement Obligation.

Appears in 77 contracts

Sources: Credit Agreement (DiamondRock Hospitality Co), Revolving Credit Agreement (Piedmont Office Realty Trust, Inc.), Credit Agreement (NNN Reit, Inc.)

Default in Payment of Principal. The Borrower shall fail to pay when due (whether upon demand, at maturity, by reason of acceleration or otherwise) the principal of any of the Loans, or any Reimbursement Obligation.

Appears in 40 contracts

Sources: Term Loan Agreement (Piedmont Office Realty Trust, Inc.), Term Loan Agreement (Piedmont Office Realty Trust, Inc.), Term Loan Agreement (Piedmont Office Realty Trust, Inc.)

Default in Payment of Principal. The Borrower shall fail to pay when due (whether upon demand, at maturity, by reason of acceleration or otherwise) the principal of any of the Loans, or any Reimbursement Obligation.

Appears in 20 contracts

Sources: Revolving Credit and Term Loan Agreement (Columbia Property Trust, Inc.), Credit Agreement (Kite Realty Group, L.P.), Revolving Credit and Term Loan Agreement (Columbia Property Trust, Inc.)

Default in Payment of Principal. The Borrower shall fail to pay when due (whether upon demand, at maturity, by reason of acceleration or otherwise) the principal of any of the Loans, or any Reimbursement Obligation.

Appears in 17 contracts

Sources: Term Loan Agreement (Kite Realty Group, L.P.), Term Loan Agreement, Term Loan Agreement

Default in Payment of Principal. The Any Borrower shall fail to pay when due (whether upon demand, at maturity, by reason of acceleration or otherwise) the principal of any of the Loans, or any Reimbursement Obligation.

Appears in 7 contracts

Sources: Credit Agreement (Lepercq Corporate Income Fund L P), Credit Agreement (Lexington Realty Trust), Credit Agreement (Lexington Realty Trust)

Default in Payment of Principal. The Borrower shall fail to pay when due (whether upon demand, at maturity, by reason of acceleration acceleration, or otherwise) the principal of any of the Loans, or any Reimbursement Obligation.

Appears in 7 contracts

Sources: Credit Agreement (Allied Capital Corp), Credit Agreement (Allied Capital Corp), Credit Agreement (Allied Capital Corp)

Default in Payment of Principal. The Borrower shall fail to pay when due (whether upon demand, at maturity, by reason of acceleration or otherwise) the principal of any of the Loans, Loans or any Reimbursement Obligation.

Appears in 3 contracts

Sources: Credit Agreement (First Potomac Realty Trust), Revolving Credit Agreement (First Potomac Realty Trust), Credit and Security Agreement (Five Star Quality Care Inc)

Default in Payment of Principal. The Any Borrower shall fail to pay when due (whether upon demand, at maturity, by reason of acceleration or otherwise) the principal of any of the Loans, or any Reimbursement Obligation.

Appears in 2 contracts

Sources: Term Loan Agreement (Lexington Realty Trust), Term Loan Agreement (Lexington Realty Trust)

Default in Payment of Principal. The A Borrower shall fail to pay when due (whether upon demand, at maturity, by reason of acceleration or otherwise) the principal of any of the Loans, or any Reimbursement Obligation.

Appears in 2 contracts

Sources: Credit Agreement (Allied Capital Corp), Credit Agreement (Allied Capital Corp)

Default in Payment of Principal. The Borrower Company shall fail to pay when due (whether upon demand, at maturity, by reason of acceleration or otherwise) the principal of any of the Loans, or any Reimbursement Obligation.

Appears in 1 contract

Sources: Credit Agreement (Allied Capital Corp)

Default in Payment of Principal. The Borrower shall fail to pay when due (whether upon demand, at maturity, by reason of acceleration acceleration, or otherwise) the principal of any of the Loans, or any Reimbursement Obligation.. SECOND AMENDED AND RESTATED CREDIT AGREEMENT

Appears in 1 contract

Sources: Credit Agreement (Allied Capital Corp)

Default in Payment of Principal. The Borrower shall fail to pay when due (whether upon demand, at maturity, by reason of acceleration or otherwise) the principal of any of the Loans, Loans or any Reimbursement Obligation.

Appears in 1 contract

Sources: Credit and Security Agreement (Five Star Quality Care Inc)

Default in Payment of Principal. The Borrower shall fail to pay when due (whether upon demand, quarterly to the extent required hereunder, at maturity, by reason of acceleration or otherwise) the principal of any of the Loans, or any Reimbursement Obligation.

Appears in 1 contract

Sources: Credit Agreement (Mgi Properties)

Default in Payment of Principal. The Borrower shall fail to pay when due (whether upon demand, at maturity, by reason of acceleration or otherwise) the principal of any of the Loans, or any Reimbursement Obligation.. ​

Appears in 1 contract

Sources: Credit Agreement (CubeSmart, L.P.)

Default in Payment of Principal. The Borrower shall fail to pay when ------------------------------- due (whether upon demand, at maturity, by reason of acceleration or otherwise) the principal of any of the Loans, or any Reimbursement Obligation.

Appears in 1 contract

Sources: Credit Agreement (Federal Realty Investment Trust)

Default in Payment of Principal. The Borrower Borrowers shall fail to pay when due (whether upon demand, at maturity, by reason of acceleration or otherwise) the principal of any of the Loans, or any Reimbursement Obligation.

Appears in 1 contract

Sources: Credit Agreement (Maguire Properties Inc)

Default in Payment of Principal. The Borrower shall fail to pay when ------------------------------- due (whether upon demand, at maturity, by reason of acceleration or otherwise) the principal of any of the Loans, or any Reimbursement ObligationLoan.

Appears in 1 contract

Sources: Term Loan Agreement (Federal Realty Investment Trust)

Default in Payment of Principal. The Borrower shall fail to pay when due (whether upon demand, at maturity, by reason of acceleration or otherwise) the principal of any of the Loans, or any Reimbursement ObligationLoan.

Appears in 1 contract

Sources: Credit Agreement (St Joe Co)

Default in Payment of Principal. The Parent, the Borrower or any other Loan Party shall fail to pay when due (whether upon demand, at maturity, by reason of acceleration or otherwise) the any principal of any of the Loans, or any Reimbursement ObligationLoan.

Appears in 1 contract

Sources: Credit Agreement (U-Store-It Trust)

Default in Payment of Principal. The Borrower shall fail to pay when due (whether upon demand, at maturity, by reason of acceleration or otherwise) the principal of any of the Loans, or any Reimbursement ObligationObligation (which is not otherwise reimbursed through the funding of a Loan hereunder before the same is due hereunder as permitted by this Agreement.)

Appears in 1 contract

Sources: Credit Agreement (Gables Realty Limited Partnership)

Default in Payment of Principal. The Borrower shall fail to pay when due (whether upon demand, at maturity, by reason of acceleration or otherwise) the principal of any of the Loans, or any Reimbursement ObligationTerm Loan.

Appears in 1 contract

Sources: Term Loan Agreement (Wells Real Estate Investment Trust Ii Inc)

Default in Payment of Principal. The Borrower shall fail to pay when due (whether upon demand, at maturity, by reason of acceleration or otherwise) the principal of any of the Loans, or any Reimbursement Obligation.. 4889-7534-3155, v. 14

Appears in 1 contract

Sources: Credit Agreement (Corporate Office Properties Trust)

Default in Payment of Principal. The Borrower shall fail to pay when due (whether upon demand, at maturity, by reason of acceleration or otherwise) the any principal of any of the Loans, or any Reimbursement Obligation.

Appears in 1 contract

Sources: Loan Agreement (HC Government Realty Trust, Inc.)

Default in Payment of Principal. The Borrower shall fail to pay when due (whether upon demand, at maturity, by reason of acceleration or otherwise) the principal of any of the Loans, or any Reimbursement ObligationTerm Loan.

Appears in 1 contract

Sources: Loan Agreement (Car Tech, LLC)