Common use of Non-Payment of Principal Clause in Contracts

Non-Payment of Principal. Any default by either Borrower in the payment of the principal of any Loan or L/C Obligation when due, whether at maturity, upon acceleration of maturity or at any date fixed for payment;

Appears in 2 contracts

Sources: Credit Agreement (Castle a M & Co), Credit Agreement (Castle a M & Co)

Non-Payment of Principal. Any default by either The Borrower defaults in the payment of the principal of any Loan or L/C Obligation Extended Loan, when duethe same becomes due and payable, whether at maturitythe due date thereof, upon acceleration of maturity or at any date fixed for payment;otherwise; or

Appears in 2 contracts

Sources: Senior Bridge Loan Agreement (CDW Finance Corp), Senior Subordinated Bridge Loan Agreement (CDW Finance Corp)

Non-Payment of Principal. Any default by either a Borrower in the payment of the principal of any Loan or L/C Obligation when duedue and in the currency required hereunder, whether at maturity, upon acceleration of maturity or at any date fixed for payment;

Appears in 1 contract

Sources: Credit Agreement (Castle a M & Co)