on the Termination Date. Notwithstanding the foregoing, any outstanding principal of any Advance and (to the fullest extent permitted by law) any other amount payable by the Borrower under this Agreement or any other Loan Document that is not paid in full when due (whether at stated maturity, by acceleration, or otherwise) shall bear interest at the Default Rate for the period from and including the due date thereof to but excluding the date the same is paid in full. Interest payable at the Default Rate shall be payable from time to time on demand.
on the Termination Date the Borrower shall repay the outstanding aggregate principal and accrued and unpaid interest under the Notes.
on the Termination Date. All past due principal and interest shall bear interest at the Default Rate. Interest payable at the Default Rate shall be payable from time to time on demand.
on the Termination Date. The Executive irrevocably appoints any director of the Company or any Group Company from time to time as his agent to execute, complete and deliver any document required to give effect to the terms of this Agreement. The Executive shall, at the time of signing this Agreement, appoint the Company as his attorney by executing a Power of Attorney in the form set out in Schedule 2.
on the Termination Date. Subject to the provisions of Section 2.6 of this Agreement, Executive hereby resigns as a director, officer and manager of the Company and any Subsidiaries effective on the Termination Date and the Company and the Subsidiaries hereby accept such resignations. Except as otherwise specifically set forth in this Agreement, the Company and the Subsidiaries shall have no further obligations to Executive and all compensation and benefits payable to him shall cease as of the Termination Date. Except for accrued but unpaid amounts due Executive pursuant to the terms of the Employment Agreement for periods up to and including the Termination Date, and except as specifically contemplated by this Agreement, Executive hereby acknowledges that he has been paid all accrued compensation, wages, bonus or vacation pay, benefits and other compensation owed to him by the Company and the Subsidiaries or to which he may be entitled up to and through the Termination Date and hereby releases the Company and the Subsidiaries of any further obligations to pay any such amounts.
on the Termination Date. On the Business Day next following Borrower's receipt of notice from CIT of the occurrence of the Conversion Event and at all times thereafter, the outstanding principal balance of the Revolving Loans shall be due and payable in Dollars, without any offset or counterclaim by Borrower to CIT immediately upon (a) receipt by Borrower or CIT of any proceeds of any of the Collateral from time to time, to the extent of such proceeds, and (b) the Termination Date. Notwithstanding anything to the contrary contained elsewhere in this Agreement, if an Out-of-Formula Condition shall exist, Borrower shall, on demand, repay the outstanding Revolving Loans in an amount sufficient to reduce the aggregate unpaid principal amount of all Revolving Loans by an amount equal to such excess.
on the Termination Date. Please take the necessary actions to vacate the Premises in a broom-clean manner with all portions of the Premises in good working order in accordance with the terms of the License, including without limitation, removal of all personal products and signage. Please contact our on-site management office to arrange for delivery of keys and final inspection no later than 3:00
on the Termination Date. All past due principal and interest (after giving effect to any applicable grace periods) shall bear interest at the Default Rate. Interest payable at the Default Rate on any amount due from a Borrower shall be payable by such Borrower from time to time on demand.
on the Termination Date. Each Lender shall be entitled to receive such Lender’s Pro Rata Share of the Non-Use Fee.”
on the Termination Date. In the event that the Optionee dies during the term of the Option, any unexercised portion of the Option shall be available for exercise by the Optionee's heirs or administrators, prior to the Expiry Date, and within 180 days after the date of the Optionee's death.
