Common use of Principal Non Payment Clause in Contracts

Principal Non Payment. The Company fails to pay, when and as required to be paid herein, any amount of scheduled principal payment of any Loan, including any mandatory prepayment under Section 2.6(f) of this Agreement;

Appears in 5 contracts

Samples: Credit Agreement (Venoco, Inc.), Credit Agreement (Venoco, Inc.), Credit Agreement (Venoco, Inc.)

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Principal Non Payment. The Company Borrower fails to pay, when and as required to be paid herein, any amount of scheduled principal payment of any Loan, including any mandatory prepayment under Section 2.6(f) 2.5 of this Agreement;

Appears in 2 contracts

Samples: Term Loan Agreement (Venoco, Inc.), Term Loan Agreement (Venoco, Inc.)

Principal Non Payment. The Company fails to pay, when and as required to be paid herein, any amount of scheduled principal payment of any Loan, including any mandatory prepayment under Section 2.6(f) Loan of this Agreement;

Appears in 2 contracts

Samples: Term Loan Agreement (Exploration Co of Delaware Inc), Term Loan Agreement (TXCO Resources Inc)

Principal Non Payment. The Company fails to pay, when and as required to be paid herein, any amount of scheduled principal payment of any Loan, including any mandatory prepayment under Section 2.6(f) 2.5 of this Agreement;

Appears in 2 contracts

Samples: Term Loan Agreement (Venoco, Inc.), Term Loan Agreement (Venoco, Inc.)

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Principal Non Payment. The Company fails to pay, when and as required to be paid herein, any amount of scheduled principal payment of any Loan, including any mandatory prepayment under Section 2.6(f2.6(a) of this Agreement;

Appears in 1 contract

Samples: Second Lien Term Loan Agreement (Venoco, Inc.)

Principal Non Payment. The Company fails to pay, when and as required to be paid herein, any amount of scheduled principal payment of any Revolving Credit Loan, including any mandatory prepayment under Section 2.6(f) of this Agreement;

Appears in 1 contract

Samples: Credit Agreement (BMC, Ltd.)

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