Common use of Demand Obligations Clause in Contracts

Demand Obligations. The fact that this Security Agreement provides for Events of Default and rights of acceleration shall not derogate from the demand nature of any Obligation payable on demand.

Appears in 3 contracts

Samples: Security Agreement (West Marine Inc), Security Agreement (3-D Geophysical Inc), Security Agreement (Pacific Stratus Ventures LTD)

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Demand Obligations. The fact that this Security Agreement provides for Events of Default and rights of acceleration shall not derogate from the demand nature of any Obligation which is payable on demand.

Appears in 3 contracts

Samples: Pledge and Security Agreement (Residential Capital, LLC), General Security Agreement (Vanguard Car Rental Group Inc.), Security Agreement (Coolbrands International Inc)

Demand Obligations. The fact that this Security Agreement provides for Events of Default and rights of acceleration shall not derogate from the demand nature of any Secured Obligation which is payable on demand.

Appears in 1 contract

Samples: General Security Agreement

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Demand Obligations. The fact that this Security Agreement provides for Events events of Default default and rights of acceleration shall not derogate from the demand nature of any Secured Obligation which is payable on demand.

Appears in 1 contract

Samples: Pledge and Security Agreement (Entertainment Properties Trust)

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