Common use of Demand Note Clause in Contracts

Demand Note. If this note is payable on demand, Borrower acknowledges and agrees that (a) Lender is entitled to demand Borrower's immediate payment in full of all amounts owing hereunder and (b) neither anything to the contrary contained herein or in any other loan documents (including but not limited to, provisions relating to defaults, rights of cure, default rate of interest, installment payments, late charges, periodic review of Borrower's financial condition, and covenants) nor any act of Lender pursuant to any such provisions shall limit or impair Lender's right or ability to require Borrower's payment in full of all amounts owing hereunder immediately upon Lender's demand.

Appears in 6 contracts

Samples: Credit Agreement (Lithia Motors Inc), Loan Agreement (Shoe Pavilion Inc), Business Loan Agreement (Applied Voice Technology Inc /Wa/)

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Demand Note. If this note is payable on demand, Borrower acknowledges and agrees that (a) Lender is entitled to demand Borrower's immediate payment in full of all amounts owing hereunder and (b) neither anything to the contrary contained herein or in any other loan documents (including but not limited to, provisions provision relating to defaults, rights of cure, default rate of interest, installment payments, late charges, periodic review of BorrowerXxxxxxxx's financial condition, and covenants) nor any act of Lender pursuant to any such provisions provision shall limit or impair Lender's right or ability to require Borrower's payment in full of all amounts owing hereunder immediately upon LenderXxxxxx's demand.

Appears in 1 contract

Samples: Promissory Note (Lithia Motors Inc)

Demand Note. If this note is payable on demand, Borrower acknowledges and agrees that (a) Lender is entitled to demand Borrower's immediate payment in full of all amounts owing hereunder and (b) neither anything to the contrary contained herein or in any other loan documents (including but not limited to, provisions relating to defaults, rights of cure, default rate of interest, installment Installment payments, late charges, periodic review of Borrower's financial condition, and covenants) nor any act of Lender pursuant to any such provisions shall limit or impair Lender's right or ability to require Borrower's payment in full of all amounts owing hereunder immediately upon Lender's demand.

Appears in 1 contract

Samples: Loan Agreement (Labor Ready Inc)

Demand Note. If this note is payable on demand, Borrower acknowledges and agrees that (a) Lender is entitled to demand Borrower's immediate payment in full of all amounts owing hereunder and (b) neither anything to the contrary contained herein or in any other another loan documents (including but not limited to, provisions relating to defaults, rights of cure, default rate of interest, installment payments, late charges, periodic review of Borrower's financial condition, and covenants) nor any act of Lender pursuant to any such provisions shall limit or impair Lender's right or ability to require Borrower's payment in full of all amounts owing hereunder immediately upon Lender's demand.

Appears in 1 contract

Samples: Business Loan Agreement (Labor Ready Inc)

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Demand Note. If this note Note is payable on demand, Borrower acknowledges and agrees that (a) Lender is entitled to demand Borrower's immediate payment in full of all amounts owing hereunder hereunder, and (b) neither anything to the contrary contained herein or in any other loan documents (including but not limited to, provisions relating to defaults, rights of cure, default rate of interest, installment payments, late charges, periodic review of Borrower's financial condition, and covenants) nor any act of Lender pursuant to any such provisions shall limit or impair Lender's right or ability to require Borrower's Borrowers payment in full of all amounts owing hereunder immediately upon Lender's demand.

Appears in 1 contract

Samples: Loan Agreement (Phillips R H Inc)

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