Common use of Non-Payment of Principal Clause in Contracts

Non-Payment of Principal. The Borrower fails to make when due, whether by acceleration or otherwise, any payment of principal required to be made by the Borrower hereunder and such default continues for more than one (1)

Appears in 2 contracts

Sources: Credit Agreement (Richardson Electronics LTD/De), Credit Agreement (Richardson Electronics LTD/De)

Non-Payment of Principal. The Any Borrower fails to make when due, whether by acceleration or otherwise, any payment of principal required to be made by the that Borrower hereunder and such default continues for more than one (1)under this Agreement or any other Document.

Appears in 2 contracts

Sources: Credit Agreement (Quebecor Media Inc), Credit Agreement (Quebecor Media Inc)

Non-Payment of Principal. The Borrower fails to make when due, whether by acceleration or otherwise, any payment of principal required to be made by the Borrower hereunder and such default continues for more than one (1)under this Agreement.

Appears in 2 contracts

Sources: Bridge and Term Loan Credit Agreement, Bridge and Term Loan Credit Agreement

Non-Payment of Principal. The Any Borrower fails to make when due, whether by acceleration or otherwise, any payment of principal required to be made by the Borrower hereunder and such default continues for more than one (1)under this Agreement or any other Document.

Appears in 1 contract

Sources: Credit Agreement (SunOpta Inc.)

Non-Payment of Principal. The Borrower fails to make when due, whether by acceleration or otherwise, any payment of principal required to be made by the Borrower hereunder and such default continues for more than one (1)under this Agreement or any other Document.

Appears in 1 contract

Sources: Credit Agreement (Quest Capital Corp)