Common use of Immediate Payment Clause in Contracts

Immediate Payment. Each Guarantor, upon the execution and delivery of a Guarantee pursuant to Section 4.15 or 4.20, shall hereby agree to make immediate payment to the Trustee, on behalf of the Holders or itself, of all Obligations due and owing or payable to the respective Holders or the Trustee upon receipt of a demand for payment therefor by the Trustee to such Guarantor in writing.

Appears in 2 contracts

Samples: Indenture (Clean Harbors Inc), Indenture (GSL Corp)

AutoNDA by SimpleDocs

Immediate Payment. Each Subsidiary Guarantor, upon the execution and delivery of a Note Guarantee pursuant to Section 4.15 or 4.204.14, shall hereby agree to make immediate payment to the Trustee, on behalf of the Holders or itself, of all Note Obligations due and owing or payable to the respective Holders or the Trustee upon receipt of a demand for payment therefor by the Trustee to such Subsidiary Guarantor in writing.

Appears in 2 contracts

Samples: Indenture (Verasun Energy Corp), Indenture (Verasun Energy Corp)

Immediate Payment. Each Guarantor, upon the execution and delivery of a Subsidiary Guarantee pursuant to Section 4.15 or 4.204.21, shall hereby agree to make immediate payment to the Trustee, on behalf of the Holders or itself, of all Obligations due and owing or payable to the respective Holders or the Trustee upon receipt of a demand for payment therefor by the Trustee to such Guarantor in writing.

Appears in 2 contracts

Samples: Indenture (RPP Capital Corp), Indenture (RPP Capital Corp)

Immediate Payment. Each Guarantor, upon the execution and delivery of a Subsidiary Guarantee pursuant to Section 4.15 or 4.204.21, shall hereby agree to make immediate payment to the Trustee, on behalf of the Holders or itself, of all Obligations due and owing or payable to the respective Holders or the 104 Trustee upon receipt of a demand for payment therefor by the Trustee to such Guarantor in writing.

Appears in 1 contract

Samples: Indenture (RPP Capital Corp)

Immediate Payment. Each Guarantor, upon the execution and delivery of this Indenture or a Guarantee pursuant to Section 4.15 or 4.20, shall hereby agree to make immediate payment to the Trustee, on behalf of the Holders or itself, of all Obligations due and owing or payable to the respective Holders or the Trustee upon receipt of a demand for payment therefor by the Trustee to such Guarantor in writing.

Appears in 1 contract

Samples: Indenture (Clean Harbors Inc)

AutoNDA by SimpleDocs

Immediate Payment. Each Guarantor, upon the execution and delivery of a Guarantee pursuant to Section 4.15 or 4.204.15, shall hereby agree to make immediate payment to the Trustee, on behalf of the Holders or itself, of all Obligations due and owing or payable to the respective Holders or the Trustee upon receipt of a demand for payment therefor by the Trustee to such Guarantor in writing.

Appears in 1 contract

Samples: Indenture (Compass Minerals International Inc)

Immediate Payment. Each GuarantorThe Parent, each of the Initial Subsidiary Guarantors and, upon the execution and delivery of a Subsidiary Guarantee pursuant to Section 4.15 or 4.204.21, each Additional Subsidiary Guarantor shall hereby agree to make immediate payment to the Trustee, on behalf of the Holders or itself, of all Obligations due and owing or payable to the respective Holders or the Trustee upon receipt of a demand for payment therefor by the Trustee to such Guarantor in writing.

Appears in 1 contract

Samples: Indenture (Progress Rail Services, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!