Common use of Demand by the Administrative Agent Clause in Contracts

Demand by the Administrative Agent. In addition to the terms set forth in Section 3 hereof, and in no manner imposing any limitation on such terms, if all or any portion of the then outstanding Guaranteed Obligations under the Loan Agreement are declared to be immediately due and payable, then the Guarantors shall, upon demand in writing therefor by the Administrative Agent to the Guarantors, pay all or such portion of the outstanding Guaranteed Obligations then declared due and payable. Payment by the Guarantors shall be made to the Administrative Agent, to be credited and applied upon the Guaranteed Obligations, in immediately available Dollars to an account designated by the Administrative Agent or at the address referenced herein for the giving of notice to the Administrative Agent or at any other address that may be specified in writing from time to time by the Administrative Agent.

Appears in 7 contracts

Samples: Loan Agreement (Medcath Corp), Guaranty Agreement (Medcath Corp), Loan Agreement (Medcath Corp)

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Demand by the Administrative Agent. In addition to the terms set forth in Section 3 hereof4.2, and in no manner imposing any limitation on such terms, if all or any portion of the then outstanding Guaranteed Obligations under the Loan this Agreement are declared to be immediately due and payablepayable in accordance with the terms of this Agreement, then the Guarantors shall, upon demand in writing therefor by the Administrative Agent to the Guarantors, pay all or such portion of the outstanding Guaranteed Obligations then declared due and payable. Payment by the Guarantors shall be made to the Administrative Agent, to be credited and applied upon the Guaranteed Obligations, in immediately available Dollars federal funds to an account designated by the Administrative Agent or at the address referenced herein in this Agreement for the giving of notice to the Administrative Agent or at any other address that may be specified in writing from time to time by the Administrative Agent.

Appears in 5 contracts

Samples: Credit Agreement (Golf Trust of America Inc), Credit Agreement (Golf Trust of America Inc), Credit Agreement (Golf Trust of America Inc)

Demand by the Administrative Agent. In addition to the terms set forth in Section 3 hereof11.2, and in no manner imposing any limitation on such terms, if all or any portion of the then outstanding Guaranteed Obligations under the Loan this Agreement are declared to be immediately due and payable, then the Guarantors Guarantor shall, upon demand in writing therefor by the Administrative Agent to the GuarantorsGuarantor, pay all or such portion of the outstanding Guaranteed Obligations then declared due and payable. Payment by the Guarantors Guarantor shall be made to the Administrative Agent, to be credited and applied upon the Guaranteed Obligations, in immediately available Dollars funds in the Permitted Currency in which the relevant Guaranteed Obligations are denominated to an account designated by the Administrative Agent or at the address referenced herein for the giving of notice to the Administrative Agent Agent's office or at any other address that may be specified in writing from time to time by the Administrative Agent.

Appears in 2 contracts

Samples: Credit Agreement (Acc Corp), Credit Agreement (Acc Corp)

Demand by the Administrative Agent. In addition to the terms set forth in Section 3 hereof11.2, and in no manner imposing any limitation on such terms, if all or any portion of the then outstanding Guaranteed Obligations under the Loan this Agreement are declared to be immediately due and payable, then the Guarantors Guarantor shall, upon demand in writing therefor by the Administrative Agent to the GuarantorsGuarantor, pay all or such portion of the outstanding Guaranteed Obligations then declared due and payable. Payment by the Guarantors Guarantor shall be made to the Administrative Agent, to be credited and applied upon the Guaranteed Obligations, in immediately available Dollars funds to an account designated by the Administrative Agent or at the address referenced herein for the giving of notice to the Administrative Agent Agent's office or at any other address that may be specified in writing from time to time by the Administrative Agent.

Appears in 2 contracts

Samples: Credit Agreement (Knology Holdings Inc /Ga), Credit Agreement (Knology Inc)

Demand by the Administrative Agent. In addition to the terms set forth in Section 3 hereof12.2, and in no manner imposing any limitation on such terms, if all or any portion of the then outstanding Guaranteed Obligations under the Loan this Agreement are declared to be immediately due and payable, then the Guarantors Domestic Borrower shall, upon demand in writing therefor by the Administrative Agent to the GuarantorsDomestic Borrower, pay all or such portion of the outstanding Guaranteed Obligations then declared due and payable. Payment by the Guarantors Domestic Borrower shall be made to the Administrative Agent, to be credited and applied upon the Guaranteed Obligations, in immediately available Dollars funds to an account designated by the Administrative Agent or at the address referenced herein for the giving of notice to the Administrative Agent Agent's Office or at any other address that may be specified in writing from time to time by the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (G&k Services Inc)

Demand by the Administrative Agent. In addition to the ---------------------------------- terms set forth in Section 3 hereof14.2, and in no manner imposing any limitation on such terms, if all or any portion of the then outstanding Guaranteed Obligations under the Loan this Agreement are declared to be immediately due and payable, then the Guarantors Company shall, upon demand in writing therefor by the Administrative Agent to the GuarantorsCompany, pay all or such portion of the outstanding Guaranteed Obligations then declared due and payable. Payment by the Guarantors Company shall be made to the Administrative Agent, to be credited and applied upon the Guaranteed Obligations, in immediately available Dollars funds to an account designated by the Administrative Agent or at the address referenced herein for the giving of notice to the Administrative Agent Agent's office or at any other address that may be specified in writing from time to time by the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Choice One Communications Inc)

Demand by the Administrative Agent. In addition to the terms set forth in Section 3 hereof3, and in no manner imposing any limitation on such terms, if all or any portion of the then outstanding Guaranteed Obligations under the Loan Agreement are declared to be or become immediately due and payable, then the Guarantors shall, upon demand in writing therefor by the Administrative Agent to the Guarantors, pay all or such portion of the outstanding Guaranteed Obligations then declared due and payable. Payment by the Guarantors shall be made to the Administrative Agent, to be credited and applied upon the Guaranteed Obligations, in immediately available Dollars federal funds to an account designated by the Administrative Agent or at the address referenced herein for the giving of notice to the Administrative Agent or at any other address that may be specified in writing from time to time by the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Quintiles Transnational Corp)

Demand by the Administrative Agent. In addition to the terms set forth in Section 3 hereof, and in no manner imposing any limitation on such terms, if all or any portion of the then outstanding Guaranteed Obligations under the Loan Credit Agreement are declared to be immediately due and payable, then the Guarantors shall, upon demand in writing therefor by the Administrative Agent to the Guarantors, pay all or such portion of the outstanding Guaranteed Obligations then declared due and payable. Payment by the Guarantors shall be made to the Administrative Agent, to be credited and applied upon the Guaranteed Obligations, in immediately available Dollars to an account designated by the Administrative Agent or at the address referenced herein for the giving of notice to the Administrative Agent or at any other address that may be specified in writing from time to time by the Administrative Agent.

Appears in 1 contract

Samples: Guaranty Agreement (Performance Food Group Co)

Demand by the Administrative Agent. In addition to the terms set forth in Section 3 hereof3, and in no manner imposing any limitation on such terms, if all or any portion of the then outstanding Guaranteed Obligations under the Loan Credit Agreement are declared to be immediately due and payable, then the Guarantors Guarantor shall, upon demand in writing therefor by the Administrative Agent to the GuarantorsGuarantor, pay all or such portion of the outstanding Guaranteed Obligations then declared due and payable. Payment by the Guarantors Guarantor shall be made to the Administrative Agent, to be credited and applied upon the Guaranteed Obligations, in immediately available Dollars to an account designated by the Administrative Agent or at the address referenced herein for the giving of notice to the Administrative Agent or at any other address that may be specified in writing from time to time by the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Caraustar Industries Inc)

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Demand by the Administrative Agent. In addition to the terms set forth in Section 3 hereof11.3, and in no manner imposing any limitation on such terms, if all or any portion of the then outstanding Guaranteed Obligations under the Loan this Agreement are declared to be immediately due and payablepayable in accordance with the terms of this Agreement, then the Parent Guarantors shall, upon demand in writing therefor by the Administrative Agent to the Parent Guarantors, pay all or such portion of the outstanding Guaranteed Obligations then declared due and payable. Payment by the Parent Guarantors shall be made to the Administrative Agent, to be credited and applied upon the Guaranteed Obligations, in immediately available Dollars funds to an account designated by the Administrative Agent or at the address referenced herein for the giving of notice to the Administrative Agent Agent’s Office or at any other address that may be specified in writing from time to time by the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (PRA International)

Demand by the Administrative Agent. In addition to the terms set forth in Section 3 hereof3, and in no manner imposing any limitation on such terms, if all or any portion of the then outstanding Guaranteed Obligations under the Loan Credit Agreement are declared to be immediately due and payable, then the Guarantors shall, upon demand in writing therefor by the Administrative Agent to the Guarantors, pay all or such portion of the outstanding Guaranteed Obligations then declared due and payable. Payment by the Guarantors shall be made to the Administrative Agent, to be credited and applied upon the Guaranteed Obligations, in immediately available Dollars federal funds to an account designated by the Administrative Agent or at the address referenced herein for the giving of notice to the Administrative Agent or at any other address that may be specified in writing from time to time by the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Suburban Propane Partners Lp)

Demand by the Administrative Agent. In addition to the terms set forth in Section 3 hereofSection.12.2, and in no manner imposing any limitation on such terms, if all or any portion of the then outstanding Guaranteed Obligations under the Loan this Agreement are declared to be immediately due and payable, then the Guarantors Domestic Borrower shall, upon demand in writing therefor by the Administrative Agent to the GuarantorsDomestic Borrower, pay all or such portion of the outstanding Guaranteed Obligations then declared due and payable. Payment by the Guarantors Domestic Borrower shall be made to the Administrative Agent, to be credited and applied upon the Guaranteed Obligations, in immediately available Dollars funds to an account designated by the Administrative Agent or at the address referenced herein for the giving of notice to the Administrative Agent Agent’s Office or at any other address that may be specified in writing from time to time by the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (G&k Services Inc)

Demand by the Administrative Agent. In addition to the terms set forth in Section 3 hereof3, and in no manner imposing any limitation on such terms, if all or any portion of the then outstanding Guaranteed Obligations under the Loan Credit Agreement are declared to be or shall automatically become immediately due and payable, then the Guarantors shall, upon demand in writing therefor by the Administrative Agent to the Guarantors, pay all or such portion of the outstanding Guaranteed Obligations then declared due and payable. Payment by the Guarantors shall be made to the Administrative Agent, to be credited and applied upon the Guaranteed Obligations, in immediately available Dollars federal funds to an account designated by the Administrative Agent or at the address referenced herein for the giving of notice to the Administrative Agent or at any other address that may be specified in writing from time to time by the Administrative Agent.

Appears in 1 contract

Samples: Senior Subordinated Credit Agreement (Insignia Financial Group Inc /De/)

Demand by the Administrative Agent. In addition to the terms set forth in Section 3 hereof3, and in no manner imposing any limitation on such terms, if all or any portion of the then outstanding Guaranteed Obligations under the Loan Credit Agreement are declared to be immediately due and payable, then the Guarantors shall, upon demand in writing therefor by the Administrative Agent to the Guarantors, pay all or such portion of the outstanding Guaranteed Obligations then declared due and payable. Payment by the Guarantors shall be made to the Administrative Agent, to be credited and applied upon the Guaranteed Obligations, in immediately available Dollars to an account designated by the Administrative Agent or at the address referenced herein for the giving of notice to the Administrative Agent or at any other address that may be specified in writing from time to time by the Administrative Agent.

Appears in 1 contract

Samples: Unconditional Guaranty Agreement (Corrections Corporation of America)

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