Common use of PAYMENT OF THE LOAN ACCOUNT Clause in Contracts

PAYMENT OF THE 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 Agent or any Lender, shall pay the Agent that amount, from time to time, which is necessary so that the unpaid balance of the Loan Account does not exceed the Borrowing Base. (c) The Borrower shall repay the then entire unpaid balance of the Loan Account and all other Liabilities on the Termination Date.

Appears in 2 contracts

Samples: Loan and Security Agreement (Designs Inc), Loan and Security Agreement (Designs Inc)

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PAYMENT OF THE 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 Agent or any Lender, shall pay the Agent Lender that amount, from time to time, which is necessary so that the unpaid balance of the Loan Account does not exceed the Borrowing Base. (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 (Garden Botanika Inc)

PAYMENT OF THE LOAN ACCOUNT. (ai) The Borrower may Borrowers MAY repay all or any portion of the principal balance of the Loan Account from time to time until the Termination Date. (bii) The BorrowerBorrowers, without notice or demand from the Administrative Agent or any Revolving Credit Lender, shall SHALL pay the Administrative Agent that amount, from time to time, which is necessary so that the unpaid balance of the Loan Account does not exceed the Borrowing Base. (c) The Borrower shall repay the then entire unpaid balance of the Loan Account and all other Liabilities on the Termination Date.to

Appears in 1 contract

Samples: Loan Agreement (Natural Wonders Inc)

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PAYMENT OF THE 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 Administrative Agent or any Working Capital Lender, shall pay the Administrative Agent that amount, from time to time, which is necessary so that the unpaid balance of the Loan Account does not exceed the Borrowing Base. (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 (Baker J Inc)

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