Common use of Liabilities Due and Payable Clause in Contracts

Liabilities Due and Payable. All of the Liabilities may, at the option of the Bank, and without demand or notice of any kind, be declared, and thereupon immediately shall become, due and payable.

Appears in 3 contracts

Samples: Security Agreement Guarantor (Datron Systems Inc/De), Security Agreement Guarantor (Datron Systems Inc/De), Security Agreement Borrower (Datron Systems Inc/De)

AutoNDA by SimpleDocs

Liabilities Due and Payable. All of the Liabilities maymay (notwithstanding any provisions of any of the Credit Documents), at the option of the Bank, and without demand or notice of any kind, be declared, and thereupon immediately shall become, due and payable.

Appears in 1 contract

Samples: Credit Agreement (Medgenesis Inc)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.