Demand by Lender. In addition to the terms of the Guaranty set forth in Sections 2.1 and 2.2 hereof, and in no manner imposing any limitation on such terms, it is expressly understood and agreed that, if the then outstanding principal amount of any of the Obligations (together with all accrued interest thereon) is declared to be immediately due and payable, then Guarantor shall, upon demand in writing therefor by Lender to Guarantor but subject to Section 2.6(b) hereof, pay to Lender the entire outstanding Obligations due and owing to Lender.
Demand by Lender. This is a “demand” loan agreement under which borrower is required to pay back in full the entire outstanding Loan Balance within 15 days of receiving a written demand from Lender or full repayment of the Loan Balance. Delivery of the written notice by Lender to Borrower via U.S. Postal Service Certified Mail shall constitute prima facie evidence of delivery.
Demand by Lender. In addition to the terms of the guaranty set forth in Sections 2.1 and 2.2, and in no manner imposing any limitation on such terms, it is expressly understood and agreed that, if the Liabilities are declared to be or otherwise become immediately due and payable, then Guarantor shall, upon demand in writing therefor by Lender to Guarantor, immediately pay the Guaranty Obligations to Lender. Payment by Guarantor shall be made to Lender to be credited and applied upon the Liabilities, in immediately available funds to an account designated by Lender or at any address that may be specified in writing from time to time by Lender. This section shall in no way affect Lender's right to resort to the Collateral without demand, as provided in Section 4.2. Any payment received by Lender with respect to the Liabilities shall reduce the Guaranty Obligations by the amount of such payment.
Demand by Lender. In addition to the terms of the guaranty set forth in Section 11.1 hereof, and in no manner imposing any limitation on such terms, it is expressly understood and agreed that, if the then outstanding principal amount of the Obligations under this Agreement (together with all accrued interest thereon) is declared to be immediately due and payable, then each Borrower shall, without demand, pay to the holders of the Obligations the entire outstanding Obligations due and owing to such holders. Payment by any Borrower shall be made to Lender, to be credited and applied to the Obligations, in immediately available Federal funds to an account designated by Lender or at the address set forth herein for the giving of notice to Lender or at any other address that may be specified in writing from time to time by Lender.
Demand by Lender. In addition to the terms set forth herein, and in no manner imposing any limitation on such terms, if any of the Obligations under the Credit Agreement are declared to be or otherwise becomes immediately due and payable, then Guarantor, upon demand in writing therefor by Lender, shall immediately pay the Guaranty Obligations to Lender. Payment by Guarantor shall be made to Lender to be credited and applied to the Obligations, in immediately available funds in lawful money of the United States of America to an account designated by Lender or at the address set forth below the signature of Lender hereto or at any other address that may be specified in writing from time to time by Lender as provided herein. Any payment received by Lender with respect to the Loan or other Obligations shall reduce the Guaranty Obligations by the amount of such payment.
Demand by Lender. In addition to the terms of the Guaranty set forth in Section 2.1 hereof, and in no manner imposing any limitation on such terms, it is expressly understood and agreed that, if, at any time, the outstanding principal amount of the Obligations under the Transfer Agreement and the Note (including all accrued interest thereon) is declared to be immediately due and payable, then Guarantor shall, upon notice of such acceleration, without further demand, pay to Lender the entire outstanding Obligations due and owing to Lender. Payment by Guarantor shall be made to Lender in immediately available funds to an account, designated by Lender or at the address set forth herein for the giving of notice to Lender or at any other address that may be specified in writing from time to time by Lender, and shall be credited and applied to the Obligations.
Demand by Lender. This is a “demand” Agreement under which: (i) as a precondition to receiving a monthly payment, LENDER shall proffer to BORROWER its monthly margin account statement relating to the Loan Amount hereunder; and (ii) BORROWER shall repay in full the entire outstanding Loan Amount as set forth in the Promissory Note above upon receiving a written demand from LENDER for full repayment of the Loan Amount. Delivery of written monthly margin account statement and/or demand notice by LENDER to BORROWER may be made in person or via U.S. Postal Service Certified Mail (which mailing shall constitute prima facie evidence of delivery). For mailing of said notice, LENDER shall use BORROWER’S address as stated below in the portion of this Agreement pertaining to default.
Demand by Lender. (a) Upon failure by the Borrowers punctually to pay or perform the Guaranteed Obligation on the Overadvance Termination Date or on any date prior to the Overadvance Termination Date that the entire balance of the Loans shall become due as a result of acceleration or the occurrence of events described in subsections 9.1(g) or (h) of the Credit Agreement, the Lender may make demand upon the Guarantors for the payment or performance of the Guaranteed Obligation and the Guarantors bind and oblige themselves to make such payment or performance not later than 20 days following such demand by Lender.
Demand by Lender. In addition to the terms of this Guaranty set forth in Sections 4, 5, and 6, and in no manner imposing any limitation on such terms, it is expressly understood and agreed that, if the Obligations are declared to be or otherwise become immediately due and payable, then Guarantor shall, upon demand in writing therefor by Lender to Guarantor, immediately pay the Guaranteed Obligations to Lender. Payment by Guarantor shall be made to Lender to be credited and applied upon the Obligations, in immediately available funds, to an account designated by Lender or at any address that may be specified in writing from time to time by Lender within the continental United States. This section shall in no way affect Lender’s right to resort to any collateral that may be held by Lender (the “Collateral”) without demand, as provided in Section 18.2. Any payment received by Lender with respect to the Obligations shall reduce the Guaranteed Obligations by the amount of such payment.
Demand by Lender. Upon an Event of Default under any of the Loan Documents, all of the Guaranteed Obligations shall be due and payable by the Guarantor to Lender, immediately upon Lender's written demand therefor. Payment by Guarantor shall be made to Lender in immediately available funds at 00 Xxxxxxxxxxx Xxxxxx, Xxxxxxxxxx, Xxxxx Xxxxxx 00000; Attention: Collections, or at any other address in Providence, Rhode Island, Hartford, Connecticut, or otherwise that may be specified in writing from time to time by Lender. If acceleration of the time for payment of the Obligations is stayed, or demand for payment thereof is precluded upon injunction or the bankruptcy, insolvency or reorganization of Borrower or Lender is otherwise stayed, enjoined or precluded from exercising its rights and remedies pursuant to the Loan Documents, then, the entire amount of the Guaranteed Obligations shall nevertheless be due and payable by Guarantor to Lender on demand by Lender. If payment in full of the Guaranteed Obligations is not made to Lender within ten (10) days after demand, the entire amount of the outstanding Guaranteed Obligations shall bear interest at the Default Rate specified in the Note Receivable Promissory Note; provided, however, that notwithstanding any provision hereof or in any other Loan Document to the contrary, the parties intend that any interest for which the Guarantor is charged or is obligated to pay shall not exceed the maximum rate or amount of interest permitted under applicable law.
