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

Samples: Senior Unsecured Term Loan Agreement (LaSalle Hotel Properties), Term Loan Agreement (LaSalle Hotel Properties), Guaranty and Contribution Agreement (LaSalle Hotel Properties)

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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

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

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

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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

Samples: Credit Agreement (American General Hospitality Corp)

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