Common use of Demand and Payment Clause in Contracts

Demand and Payment. Beneficiary may provide written notice to Guarantor pursuant to Section 5.1 at any time if Obligor fails to punctually pay or perform any of the Guaranteed Obligations. There are no other requirements of notice, presentment or demand. Guarantor shall pay, or cause to be paid, such Guaranteed Obligations within five (5) Business Days of receipt of such notice, unless, within such period, the default giving rise to such notice has been remedied. If Beneficiary is prevented from making a demand on Guarantor as a result of any applicable Law, any injunction, order or other action of any court or other Government Authority or any stay, moratorium or other action in any bankruptcy, insolvency or other similar proceeding, Guarantor shall not be excused from paying and performing its obligations under this Guaranty as and when due. All payments by Guarantor hereunder shall be paid without setoff or deduction in U.S. dollars in immediately available funds to such accounts as may be designated by Beneficiary from time to time. Guarantor agrees to pay on demand all fees and out of pocket expenses (including the reasonable fees and expenses of Beneficiary’s counsel) in any way relating to the enforcement or protection of the rights of Beneficiary hereunder. Any amount due and payable hereunder shall, if not paid when due, accrue interest at the Late Payment Rate from the date such payment was due until the date such payment is made in full.

Demand and Payment. Beneficiary may provide written notice to Guarantor pursuant to Section 5.1 4.1 at any time if Obligor fails to punctually pay or perform any of the Guaranteed Obligations. There are no other requirements of notice, presentment or demand. Guarantor shall pay, or cause to be paid, such Guaranteed Obligations within five ten (510) Business Days of receipt of such notice, unless, within such period, the default giving rise to such notice has been remedied. If Beneficiary is prevented from making a demand on Guarantor as a result of any applicable Lawlaw, any injunction, order or other action of any court or other Government Authority governmental authority or any stay, moratorium or other action in any bankruptcy, insolvency or other similar proceeding, Guarantor shall not be excused from paying and performing its obligations under this Guaranty Guarantee as and when due. All payments by Guarantor hereunder shall be paid without setoff or deduction in U.S. dollars in immediately available funds to such accounts as may be designated by Beneficiary from time to time. Guarantor agrees to pay on demand all fees and out of pocket expenses (including the reasonable fees and expenses of Beneficiary’s counsel) in any way relating to the enforcement or protection of the rights of Beneficiary hereunder. Any amount due and payable hereunder shall, if not paid when due, accrue interest at the Late Payment Rate from the date such payment was due until the date such payment is made in full.

Demand and Payment. Beneficiary may provide written notice to Guarantor pursuant to Section 5.1 at any time if Obligor fails to punctually pay or perform any of the Guaranteed Obligations. There are no other requirements of notice, presentment or demand. Guarantor shall pay, or cause to be paid, such Guaranteed Obligations within five (5) Business Days of receipt of such notice, unless, within such period, the default giving rise to such notice has been remedied. If Beneficiary is prevented from making a demand on Guarantor as a result of any applicable Law, any injunction, order or other action of any court or other Government Authority or any stay, moratorium or other action in any bankruptcy, insolvency or other similar proceeding, Guarantor shall not be excused from paying and performing its obligations under this Guaranty as and when due. All payments by Guarantor hereunder shall be paid without setoff or deduction in U.S. dollars in immediately available funds to such accounts as may be designated by Beneficiary from time to time. Guarantor agrees to pay on demand all fees and out of pocket expenses (including the reasonable fees and expenses of Beneficiary’s counsel) in any way relating to the enforcement or protection of the rights of Beneficiary hereunder. Any amount due and payable hereunder here under shall, if not paid when due, accrue interest at the Late Payment Rate from the date such payment was due until the date such payment is made in full.

Demand and Payment. Beneficiary may provide written notice to Guarantor pursuant to Section 5.1 at any time if Obligor fails to punctually pay or perform any of the Guaranteed Obligations. There are no other requirements of notice, presentment or demand. Guarantor shall pay, or cause to be paid, such Guaranteed Obligations within five (5) Business Days of receipt of such notice, unless, within such period, the default giving rise to such notice has been remedied. If Beneficiary is prevented from making a demand on Guarantor as a result of any applicable Law, any injunction, order or other action of any court or other Government Authority or any stay, moratorium or other action in any bankruptcy, insolvency or other similar proceeding, Guarantor shall not be excused from paying and performing its obligations under this Guaranty as and when due. All payments by Guarantor hereunder shall be paid without setoff or deduction in U.S. dollars in immediately available funds to such accounts as may be designated by Beneficiary from time to time. Guarantor Xxxxxxxxx agrees to pay on demand all fees and out of pocket expenses (including the reasonable fees and expenses of Beneficiary’s counsel) in any way relating to the enforcement or protection of the rights of Beneficiary hereunder. Any amount due and payable hereunder shall, if not paid when due, accrue interest at the Late Payment Rate from the date such payment was due until the date such payment is made in full.