Common use of DEMAND FEATURE Clause in Contracts

DEMAND FEATURE. If this Note contains a demand feature, Xxxxxx's right to demand payment, at any time, and from time to time, shall be in Xxxxxx's sole and absolute discretion, whether or not any default has occurred.

Appears in 3 contracts

Samples: Fixed Rate Revolving or Draw Note (Ce Software Inc), Revolving Credit Note (Nortech Systems Inc), Revolving Credit Agreement (Nortech Systems Inc)

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DEMAND FEATURE. If checked, this Note contains a demand feature, . Xxxxxx's right to demand payment, payment at any time, and from time to time, shall be in XxxxxxLender's sole and absolute discretion, whether or not any default has occurred.

Appears in 2 contracts

Samples: Variable Rate Commercial Revolving or Draw Note (Interactive Intelligence Inc), Variable Rate Commercial Revolving or Draw Note (Interactive Intelligence Inc)

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