Mandatory Prepayment of All Loans. If an Event of Default occurs and is continuing, then upon demand by Secured Party Debtor shall immediately make a mandatory prepayment of all of the Loans by paying to Secured Party the aggregate Prepayment Amount of each of the Loans, determined as of the date of prepayment.
Appears in 4 contracts
Samples: Revolving Credit Agreement and Assignment (Resource America Inc), Revolving Credit Agreement and Assignment (Lease Equity Appreciation Fund I Lp), Revolving Credit Agreement and Assignment (Lease Equity Appreciation Fund I Lp)
Mandatory Prepayment of All Loans. If an Event of Default occurs and is continuing, then upon demand by Secured Party Debtor Party, Borrowers shall be jointly and severally obligated to immediately make a mandatory prepayment of all of the Loans by paying to Secured Party the aggregate Prepayment Amount of each of the Loans, determined as of the date of prepayment.
Appears in 1 contract
Samples: Revolving Credit Agreement and Assignment (Lease Equity Appreciation Fund I Lp)
