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Common use of Payment on Demand Clause in Contracts

Payment on Demand. pay to the Bank on demand any sum of money which is payable by the Borrower to the Bank under this Agreement but in respect of which it is not specified in any other Clause when it is due and payable; and

Appears in 6 contracts

Samples: Loan Agreement (Top Ships Inc.), Loan Agreement (NewLead Holdings Ltd.), Credit Agreement (Paragon Shipping Inc.)

Payment on Demand. pay to the Bank on demand any sum of money which is payable by the Borrower Borrowers to the Bank under this Agreement but in respect of which it is not specified in any other Clause when it is due and payable; and

Appears in 2 contracts

Samples: Loan Agreement (Costamare Inc.), Loan Agreement (FreeSeas Inc.)

Payment on Demand. pay to the Bank Lender on demand any sum of money which is due and payable by the Borrower to the Bank Lender under this Agreement but in respect of which it is not specified in any other Clause when it is due and payable; and;

Appears in 2 contracts

Samples: Loan Agreement (Performance Shipping Inc.), Loan Agreement (Performance Shipping Inc.)

Payment on Demand. pay to the Bank Lender on demand any sum of money which is due and payable by the Borrower Borrowers to the Bank Lender under this Agreement but in respect of which it is not specified in any other Clause when it is due and payable; and;

Appears in 1 contract

Samples: Loan Agreement (Imperial Petroleum Inc./Marshall Islands)

Payment on Demand. pay to the Bank on demand any sum of money which is payable by the Borrower to the Bank under this Agreement Agreement, but in respect of which it is not specified in any other Clause when it is due and payable; and

Appears in 1 contract

Samples: Loan Agreement (NewLead Holdings Ltd.)

Payment on Demand. pay to the Bank on demand any sum of money which is payable by the Borrower Borrowers to the Bank under this Agreement and/or the Master Agreement but in respect of which it is not specified in any other Clause when it is due and payable; and

Appears in 1 contract

Samples: Loan Agreement (Poseidon Containers Holdings Corp.)

Payment on Demand. pay to the Bank on Lender promptly upon demand any sum of money which is due and payable by the Borrower to the Bank Lender under this Agreement but in respect of which it is not specified in any other Clause when it is due and payable; and

Appears in 1 contract

Samples: Loan Agreement (Seanergy Maritime Holdings Corp.)