Common use of Demand Basis Clause in Contracts

Demand Basis. If, pursuant to clause 14.2.2, the Agent declares the outstanding principal amount of all or any of the Advances to be due and payable on demand then the Agent may (and, if so instructed by the Majority Banks, shall) at any time by written notice to the Original Borrower (a) call for repayment of the outstanding principal amount of all or any of the Advances on such date as may be specified in such notice whereupon the Advances shall become due and payable on the date so specified together with all interest and commitment commission accrued and all other sums payable under this Agreement or (b) withdraw such declaration with effect from the date specified in such notice.

Demand Basis. If, pursuant to clause 14.2.212.2(b), the Agent declares the all outstanding principal amount of all or any of the Advances to be due and payable on demand then the Agent may (and, if so instructed by the Majority BanksLenders, shall) at any time by written notice to the Original Borrower Borrower: (a) call for repayment of the outstanding principal amount of all or any of the Advances Loan together with accrued interest and all other amounts accrued under this Agreement on such date as may be specified in such notice whereupon all of the Advances Loan together with accrued interest and all other amounts accrued under this Agreement shall become due and payable on the date so specified together with all interest and commitment commission accrued and all other sums payable under this Agreement or specified; or (b) withdraw such declaration with effect from the date specified in such notice.

Demand Basis. If, pursuant to clause 14.2.2, 11.2.1 the Facility Agent declares the outstanding principal amount of all or any of the Advances Outstandings to be due and payable on demand then demand, the Facility Agent may may, (and, if so instructed by the Majority BanksLenders, shall) at any time by written notice to the Original Borrower (a) and/or the Guarantor: 11.3.1 call for repayment of the outstanding principal amount of relevant Outstandings and/or all or any of the Advances Outstandings on such date as may be specified in whereupon such notice whereupon the Advances Outstandings shall become due and payable on the date so specified together with all interest and commitment commission accrued and all other sums payable under this Agreement or (b) Agreement; or 11.3.2 withdraw such declaration with effect from the date specified in such notice.