Common use of Principal Payment Clause in Contracts

Principal Payment. The Borrower shall fail to pay any principal of any Note when the same becomes due and payable as set forth in this Agreement;

Appears in 7 contracts

Sources: Senior Unsecured Term Loan Agreement (LaSalle Hotel Properties), Senior Unsecured Term Loan Agreement (LaSalle Hotel Properties), Senior Unsecured Term Loan Agreement (LaSalle Hotel Properties)

Principal Payment. The Borrower shall fail to pay any principal of any Note Advance when the same becomes due and payable as set forth in this Agreement;

Appears in 3 contracts

Sources: Senior Secured Term Loan Agreement (Seritage Growth Properties), Senior Unsecured Term Loan Agreement (Seritage Growth Properties), Senior Unsecured Term Loan Agreement (Seritage Growth Properties)

Principal Payment. The Borrower or any Guarantor shall fail to pay any principal of any Note when the same becomes due and payable as set forth in this Agreement;

Appears in 2 contracts

Sources: Revolving Credit Agreement (Meristar Hospitality Corp), Revolving Credit Agreement (Meristar Hotels & Resorts Inc)

Principal Payment. The Borrower shall fail to pay any principal of any Note Advance when the same becomes due and payable as set forth in this Agreement;; (b)

Appears in 1 contract

Sources: Credit Agreement

Principal Payment. The Borrower shall fail to pay any principal of ----------------- any Note when the same becomes due and payable as set forth in this Agreement;

Appears in 1 contract

Sources: Subordinate Unsecured Credit Agreement (American General Hospitality Corp)