Common use of Non-Payment of Principal Clause in Contracts

Non-Payment of Principal. Any Loan Party shall fail to pay any principal of any Loan when and as the same shall become due and payable, whether at the due date thereof or at a date fixed for prepayment thereof or otherwise.

Appears in 4 contracts

Sources: Credit Agreement (Synchronoss Technologies Inc), Credit Agreement (Synchronoss Technologies Inc), Credit Agreement (Arhaus, Inc.)