Common use of Payment in Full on Maturity Date Clause in Contracts

Payment in Full on Maturity Date. On the Maturity Date, (i) all Loans and all other Obligations will automatically and immediately become due and payable, and (ii) Agent’s and the Lenders’ obligations under this Agreement and the other Loan Documents will automatically and immediately terminate, without notice or demand, which Borrower hereby expressly waives. On the Maturity Date, Borrower will pay in full in immediately available funds and otherwise satisfy all Obligations.

Appears in 2 contracts

Samples: Financing Agreement (CitiSteel PA, Inc.), Financing Agreement (CitiSteel PA, Inc.)

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Payment in Full on Maturity Date. On the Maturity Date, (i) all Loans and all other Obligations will automatically and immediately become due and payable, and (ii) Agent’s 's and the Lenders' obligations under this Agreement and the other Loan Documents will automatically and immediately terminate, without notice or demand, which each Borrower hereby expressly waives. On the Maturity Date, Borrower Borrowers will jointly and severally pay in full in immediately available funds and otherwise satisfy all Obligations.

Appears in 1 contract

Samples: Financing Agreement (Suntron Corp)

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Payment in Full on Maturity Date. On the Maturity Date, (i) all Loans and all other Obligations will Payment in Full shall automatically and immediately become due and payable, and (ii) Agent’s and the Lenders’ obligations under this Agreement and the other Loan Documents will automatically and immediately terminateterminate (other than in respect of any outstanding Letter of Credit Exposure), without notice or demand, which Borrower hereby expressly waives. On the Maturity Date, Borrower will pay make Payment in full in immediately available funds and otherwise satisfy all ObligationsFull.

Appears in 1 contract

Samples: Financing Agreement (Westaff Inc)

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