Common use of Payment Immediately After Demand Clause in Contracts

Payment Immediately After Demand. The Obligor’s liability to make a payment under this Agreement shall arise immediately after demand for payment has been made in writing on the Obligor. In connection with any demand, the Lender may treat all Obligations as due and payable and may demand immediate payment from the Obligor of the total amount of its liabilities under this Agreement, whether or not all Obligations are otherwise due and payable at the time of demand.

Appears in 2 contracts

Samples: Guarantee and Indemnity (Yappn Corp.), Guarantee and Indemnity (Yappn Corp.)

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Payment Immediately After Demand. The Obligor’s liability to make a payment under this Agreement shall arise immediately after demand for payment has been made in writing on the Obligor. In connection with any demand, Obligor which demand can only be made upon the Lender may treat all Obligations as due occurrence and payable and may demand immediate payment from during the Obligor continuance of the total amount an Event of its liabilities under this Agreement, whether or not all Obligations are otherwise due and payable at the time of demandDefault.

Appears in 1 contract

Samples: Secured Promissory Note (Enerkem Inc.)

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Payment Immediately After Demand. The Obligor’s liability to make a payment under this Agreement shall arise immediately after demand for payment has been made in writing on the Obligor. In connection with any demand, the Lender Agent may treat all Obligations as due and payable and may demand immediate payment from the Obligor of the total amount of its liabilities under this Agreement, whether or not all Obligations are otherwise due and payable at the time of demand.

Appears in 1 contract

Samples: Credit Agreement (PHH Corp)

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