Common use of Failure to Pay Principal Clause in Contracts

Failure to Pay Principal. If the Borrower defaults in the due and punctual payment of any Principal Amount under the Loan Documents, or any principal amount under the Operating Credit Agreement, when the same becomes due and payable, whether at maturity or otherwise, and such default continues for a period of one (1) Business Day.

Failure to Pay Principal. If the Borrower defaults in the due and punctual payment of any Principal Amount under the Loan Documents, principal portion of any Obligations or any principal amount under the Operating Credit AgreementObligations, when the same becomes due and payable, whether at maturity or otherwise, and such default continues for a period of one (1) Business Day.

Failure to Pay Principal. If the Borrower defaults in the due and punctual payment of any Principal Amount under the Loan Documents, or principal portion of any principal amount under the Operating Credit AgreementObligations, when the same becomes due and payable, whether at maturity or otherwise, and such default continues for a period of one (1) Business Day.

Failure to Pay Principal. If the Borrower defaults in the due and punctual payment of any Principal Amount under principal of the Loan Documents, or any principal amount under the Operating Credit Agreement, when the same becomes due and payable, whether at maturity or otherwise, and such default continues for a period of one (1) Business Daypayable hereunder.