Common use of Payment of Loan Account Clause in Contracts

Payment of Loan Account. (a) The Borrower may repay all or any portion of the principal balance of the Loan time to time until the Termination Date. (b) The Borrower, without notice or demand from the Lender, shall pay the Lender that amount, from time to time, which is necessary so that the principal balance of the Loan Account does not exceed Maximum Loan Exposure. (c) The Borrower shall repay the then entire unpaid balance of the Loan Account and all other Liabilities on the Termination Date.

Appears in 3 contracts

Samples: Loan and Security Agreement (Harvey Electronics Inc), Loan and Security Agreement (Sunbelt Nursery Group Inc), Loan and Security Agreement (Sunbelt Nursery Group Inc)

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Payment of Loan Account. (a) The Borrower may repay all or any portion of the principal balance of the Loan Account from time to time until the Termination Date. (b) The Borrower, without notice or demand from the Lender, shall pay the Lender that amount, from time to time, which is necessary so that the principal balance of the Loan Account does not exceed Maximum Loan ExposureAvailability. (c) The Borrower shall repay pay the then entire unpaid balance of the Loan Account and all other Liabilities on the Termination Date.

Appears in 3 contracts

Samples: Revolving Credit Agreement (Right Start Inc /Ca), Loan and Security Agreement (White House Inc/Md), Loan and Security Agreement (Iparty Corp)

Payment of Loan Account. (a) The Borrower may repay all or any portion of the principal balance of the Loan Account from time to time until the Termination Date. (b) The Borrower, without notice or demand from the Lender, shall pay the Lender that amount, from time to time, which is necessary so that the principal balance of the Loan Account does not exceed Maximum Loan Exposure. (c) The Borrower shall repay the then entire unpaid balance of the Loan Account and all other Liabilities on the Termination Date.

Appears in 1 contract

Samples: Loan and Security Agreement (Great Train Store Co)

Payment of Loan Account. (a) The Borrower may repay all or any portion of the principal balance of the Loan Account from time to time until the Termination Date. (b) The Borrower, without notice or demand from the Lender, shall pay the Lender that amount, from time to time, which is necessary so that the principal balance of the Loan Account does not exceed Maximum Loan Exposure. (c) The Borrower shall repay the then entire unpaid balance of the Loan Account and all other Liabilities on the Termination Date.

Appears in 1 contract

Samples: Loan and Security Agreement (Big Entertainment Inc)

Payment of Loan Account. (a) The Borrower Borrowers may repay all or any portion of the principal balance of the Loan Account from time to time until the Termination Date. (b) The BorrowerBorrowers, without notice or demand from the Lender, shall pay the Lender that amount, from time to time, which is necessary so that the principal balance of the Loan Account does not exceed Maximum Loan ExposureAvailability. (c) The Borrower Borrowers shall repay pay the then entire unpaid balance of the Loan Account and all other Liabilities on the Termination Date.

Appears in 1 contract

Samples: Loan and Security Agreement (Iparty Corp)

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Payment of Loan Account. (a) The Borrower Borrowers may repay all or any portion of the principal balance of the Loan Account from time to time until the Termination Date. (b) The BorrowerBorrowers, without notice or demand from the Lender, shall pay the Lender that amount, from time to time, which is necessary so that the principal balance of the Loan Account does Availability is not exceed Maximum Loan Exposureless than Zero ($0) Dollars. (c) The Borrower Borrowers shall repay pay the then entire unpaid balance of the Loan Account and all other Liabilities on the Termination Date.

Appears in 1 contract

Samples: Loan and Security Agreement (Paper Warehouse Inc)

Payment of Loan Account. (a) The Borrower may repay all or any portion of the principal balance of the Loan from time to time until the Termination Date. (b) The Borrower, without notice or demand from the Lender, shall pay the Lender that amount, from time to time, which is necessary so that the principal balance of the Loan Account does not exceed Maximum Loan ExposureAvailability. (c) The Borrower shall repay pay the then entire unpaid balance of the Loan Account and all other Liabilities on the Termination Date.

Appears in 1 contract

Samples: Loan and Security Agreement (National Home Centers Inc)

Payment of Loan Account. (a) The Borrower may repay all or any portion of the principal balance of the Loan from time to time until the Termination Date. (b) The Borrower, without notice or demand from the Lender, shall pay the Lender that amount, from time to time, which is necessary so that the principal balance of the Loan Account does not exceed Maximum Loan Exposure. (c) The Borrower shall repay the then entire unpaid balance of the Loan Account and all other Liabilities on the Termination Date.

Appears in 1 contract

Samples: Loan Agreement (Crown Books Corp)

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