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.
Appears in 3 contracts
Samples: Loan Agreement (We Save Homes, Inc.), Loan Agreement (We Save Homes, Inc.), Loan Agreement (We Save Homes, Inc.)
