Common use of Demand and Payment Clause in Contracts

Demand and Payment. Any demand by Counterparty for payment hereunder shall be in writing, signed by a duly authorized representative of Counterparty and delivered to the Guarantor pursuant to Section 8 hereof, and shall (a) reference this Guaranty and specifically identify Company, (b) reasonably and briefly specify in what manner and what amount Company has failed to pay the Guaranteed Obligations and an explanation of why such payment is due and (c) set forth payment instructions, including bank name, routing number and bank account number. There are no other requirements of notice, presentment or demand. Guarantor shall pay, or cause to be paid, such Guaranteed Obligations within ten (10) business days of receipt of such demand.

Demand and Payment. Any demand by Counterparty for payment hereunder shall be in writing, signed by a duly authorized representative of Counterparty and delivered to the Guarantor pursuant to Section 8 7 hereof, and shall (a) reference this Guaranty and specifically identify CompanyGuaranty, (b) reasonably and briefly specify in what manner and what amount Company has failed to pay specifically identify Guaranteed Party, the nature of the default, the Guaranteed Obligations to be paid and an explanation the amount of why such payment is due Guaranteed Obligations and (c) set forth payment instructions, including bank name, routing number and bank account number. There are no other requirements of notice, presentment or demand. Guarantor shall pay, or cause to be paid, such Guaranteed Obligations within ten (10) business days of receipt of such demand.