Common use of NO OBLIGATION BEYOND MATURITY Clause in Contracts

NO OBLIGATION BEYOND MATURITY. Borrower agrees and acknowledges that upon the Maturity Date, Lender shall have no obligation to renew, extend, modify or rearrange the Loan and shall have the right to require all amounts due and owing under the Loan to be paid in full upon such date.

Appears in 10 contracts

Samples: Loan and Security Agreement (CompuCredit Holdings Corp), Loan and Security Agreement (Smart Choice Automotive Group Inc), Loan and Security Agreement (Stewart Finance Co)

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NO OBLIGATION BEYOND MATURITY. Each Borrower and each Guarantor agrees and acknowledges that upon the Maturity DateDate with respect to a particular Loan, Lender shall have no obligation to renew, extend, modify or rearrange the such Loan and Lender shall have the right to require all amounts due and owing under the Loan applicable Loans to be paid in full upon such date.

Appears in 1 contract

Samples: Loan and Security Agreement (Carbiz Inc)

NO OBLIGATION BEYOND MATURITY. Borrower agrees and acknowledges that upon on the Maturity Date, Lender shall have no obligation to renew, extend, modify or rearrange the Loan Note, and shall have the right to require all amounts due and owing under the Loan to be paid in full upon such datethe maturity thereof.

Appears in 1 contract

Samples: Loan and Security Agreement (Medsolutions Inc)

NO OBLIGATION BEYOND MATURITY. Each of Borrower and Guarantor agrees and acknowledges that upon the Maturity Date, Lender shall have no obligation to renew, extend, modify or rearrange the Loan and shall have the right to require all amounts due and owing under the Loan to be paid in full upon such date.

Appears in 1 contract

Samples: Loan and Security Agreement (Portfolio Recovery Associates Inc)

NO OBLIGATION BEYOND MATURITY. Borrower agrees and acknowledges that upon the Maturity Date, Lender shall have no obligation to renew, extend, modify or rearrange the Loan Revolving Note, and shall have the right to require all amounts due and owing under the Revolving Loan to be paid in full upon such datethe maturity thereof.

Appears in 1 contract

Samples: Revolving Line of Credit Loan and Security Agreement (Adams Golf Inc)

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NO OBLIGATION BEYOND MATURITY. Borrower Xxxxxxxx agrees and acknowledges that that, upon the Maturity Date, Lender shall have no obligation to renew, extend, modify or rearrange the Loan and shall have the right to require all amounts due and owing under the Loan to be paid in full upon such date.

Appears in 1 contract

Samples: Loan and Security Agreement (NextPlay Technologies Inc.)

NO OBLIGATION BEYOND MATURITY. Borrower agrees and acknowledges that upon the Maturity Datematurity of the Loan, Lender shall have no obligation to renew, extend, modify or rearrange the Loan and shall have the right to require all amounts due and owing under the Loan to be paid in full upon such datethe maturity thereof.

Appears in 1 contract

Samples: Loan and Security Agreement (Tatonka Energy Inc)

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