Common use of Demand by Lender Clause in Contracts

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.

Appears in 4 contracts

Samples: Credit Agreement (Tower One Wireless Corp.), Credit Agreement (Tower One Wireless Corp.), Credit Agreement (Tower One Wireless Corp.)

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