Common use of END OF LOAN PAYMENT Clause in Contracts

END OF LOAN PAYMENT. The Borrower shall be required to pay the Lender, at the time of the last payment on each Loan, the End of Loan Payment. Upon payment of the last End of Loan Payment, subject to the terms of this Loan Agreement and the Security Documents (including the making of all payments hereunder and thereunder), the Lender shall take appropriate action to promptly release all Security Interests in favour of the Lender over the Charged Assets. Failure to pay the End of Loan Payment shall constitute a breach of this Loan Agreement.

END OF LOAN PAYMENT. The Borrower shall be required to pay the Lender, at the time of the last payment on each the Loan, the End of Loan Payment. Upon payment of the last End of Loan Payment, subject to the terms of this Loan Agreement and the Security Documents (including the making of all payments hereunder and thereunder), the Lender shall take appropriate action to promptly release all the Security Interests in favour of the Lender over the Charged Assets. Failure to pay the End of Loan Payment shall constitute a breach of this Loan Agreement.

END OF LOAN PAYMENT. The Upon the final repayment of the Total Loan Facility, the Borrower shall be required to pay the Lender, at the time of the last payment on each Loan, Lender the End of Loan Payment. Upon payment of the last End of Loan Payment, subject to the terms of this Loan Agreement and the Security Documents (including the making of all payments hereunder and thereunder), the Lender shall take appropriate action to promptly release all Security Interests in favour of the Lender security over the Charged Assets. Failure to pay the End of Loan Payment shall constitute a breach of this Loan Agreement.

END OF LOAN PAYMENT. The Upon the final repayment of the Total Loan Facility, the Borrower shall be required to pay the Lender, at the time of the last payment on each Loan, Lender the End of Loan Payment. Upon payment of the last End of Loan Payment, subject to the terms of this Loan Agreement and the Security Documents (including the making of all payments hereunder and thereunder), the Lender shall take appropriate all required action (including providing any required documents) to promptly release all Security Interests in favour of the Lender security over the Charged Assets. Failure to pay the End of Loan Payment shall constitute a breach of this Loan Agreement.