Common use of Installments of Principal Clause in Contracts

Installments of Principal. The Borrower shall fail to pay any installment of principal under this Agreement or any of the Notes on the date such installment shall become due and payable; or

Appears in 2 contracts

Sources: Revolving Credit Agreement (Certified Grocers of California LTD), Revolving Credit Agreement (S3 Inc)

Installments of Principal. The Borrower shall Borrowers fail to pay any scheduled installment of principal under this Agreement or any of the Notes on the date such installment shall become due and payable; or

Appears in 1 contract

Sources: Loan Agreement (CSG Systems International Inc)