Common use of Payment on Demand Clause in Contracts

Payment on Demand. Each of the Guarantors will pay and perform the Note Obligations and pay all other amounts payable by it to the Creditors or the Trustee on behalf of the Creditors under this Guarantee, and the obligation to do so arises, immediately after demand for such payment or performance is made in writing to it. The liability of each of the Guarantors bears interest from the date of such demand at the rate or rates of interest then applicable to the Note Obligations under and calculated in the manner provided in the Indenture Documents (including any adjustment to give effect to the provisions of the Interest Act (Canada)).

Payment on Demand. Each of the Guarantors will pay and perform the Note Obligations and pay all other amounts payable by it to the Secured Creditors or the Trustee on behalf of the Secured Creditors under this Guarantee, and the obligation to do so arises, immediately after demand for such payment or performance is made in writing to it. The liability of each of the Guarantors bears interest from the date of such demand at the rate or rates of interest then applicable to the Note Obligations under and calculated in the manner provided in the Indenture Documents (including any adjustment to give effect to the provisions of the Interest Act (Canada)).

Payment on Demand. Each of the Guarantors The Guarantor will pay and perform the Note Obligations and pay all other amounts payable by it to the Secured Creditors or the Trustee on behalf of the Secured Creditors under this Guarantee, and the obligation to do so arises, immediately after demand for such payment or performance is made in writing to it. The liability of each of the Guarantors Guarantor bears interest from the date of such demand at the rate or rates of interest then applicable to the Note Obligations under and calculated in the manner provided in the Indenture Documents (including any adjustment to give effect to the provisions of the Interest Act (Canada)).