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Common use of Non-Payment of Principal Clause in Contracts

Non-Payment of Principal. any payment of principal is not paid when due; or

Appears in 6 contracts

Sources: Credit Facility Agreement (Top Ships Inc.), Credit Facility Agreement (K-Sea Transportation Partners Lp), Credit Facility Agreement (Top Ships Inc.)

Related Clauses

  • Payment of Principal
  • Repayment of Principal
  • Payments of Principal
  • Payment of Principal and Interest
  • Payment of Principal, Premium, if any, and Interest

Parent Clauses

  • Events of Default
  • Sanctions
  • Applicable Law
  • Other Information
  • Sanctions; Anti-Corruption Laws

Sub-Clauses

  • Voluntary Proceedings, Etc
  • Material Indebtedness
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