Common use of Principal Default Clause in Contracts

Principal Default. if the Borrower fails to pay the principal of any Loan hereunder when due and payable;

Appears in 17 contracts

Samples: Credit Agreement (Enbridge Inc), Credit Agreement, Credit Agreement (Trident Resources Corp)

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Principal Default. if the a Borrower fails to pay the principal of any Loan hereunder when due and payable;

Appears in 5 contracts

Samples: Credit Agreement (Baytex Energy Corp.), Agreement (Baytex Energy Corp.), Credit Agreement (Enerflex Ltd.)

Principal Default. if the Borrower fails to pay the any principal of any Loan hereunder when due and payablepayable hereunder;

Appears in 2 contracts

Samples: Credit Agreement (SemGroup Corp), Credit Agreement (SemGroup Corp)

Principal Default. if the applicable Borrower fails to pay the principal any Outstanding Principal of any Loan hereunder when due and payablepayable hereunder;

Appears in 2 contracts

Samples: Assignment and Assumption (Kinder Morgan, Inc.), Assignment and Assumption (Kinder Morgan, Inc.)

Principal Default. if the Borrower fails to pay the principal of any Loan hereunder when due and payablepayable or fails to cash collateralize any Bankers’ Acceptance or Letter of Credit when required to do so hereunder;

Appears in 2 contracts

Samples: Credit Agreement (Powell Industries Inc), Credit Agreement (Powell Industries Inc)

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Principal Default. if the Borrower fails to pay the principal any Outstanding Principal of any Loan hereunder when due and payablepayable hereunder;

Appears in 2 contracts

Samples: Assignment and Assumption (Kinder Morgan Canada LTD), Credit Agreement (Kinder Morgan Canada LTD)

Principal Default. if the Borrower fails to pay the principal amount of any Loan hereunder when due and payablepayable hereunder;

Appears in 1 contract

Samples: Credit Agreement

Principal Default. if the Borrower fails to pay the principal of any Loan hereunder Outstanding Principal when due and payablepayable hereunder;

Appears in 1 contract

Samples: Credit Agreement

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