Common use of Payment on Demand Clause in Contracts

Payment on Demand. The obligation of the Guarantor to pay the amount of the Guaranteed Obligations and all other amounts payable by it to the Agent and the Vendors under this Guarantee arises, and the Guarantor shall make such payments, promptly after demand for same is made in writing to it by the Agent, which demand may only be made when such Guaranteed Obligations become due pursuant to the terms and conditions of the Promissory Note.

Appears in 3 contracts

Samples: Guarantee (E-World Usa Holding,inc), Guarantee (E-World Usa Holding,inc), Guarantee (E-World Usa Holding,inc)

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Payment on Demand. The obligation of the each Guarantor to pay the amount of the Guaranteed Obligations and all other amounts payable by it to the Agent and holders of the Vendors Notes under this Guarantee arises, and the each Guarantor shall make such payments, promptly immediately after demand for same is made in writing to it by the Agent, which demand may only be made when such Guaranteed Obligations become due pursuant to the terms and conditions holders of the Promissory NoteNotes.

Appears in 2 contracts

Samples: 2018 Note Agreement (Colliers International Group Inc.), Colliers International (Colliers International Group Inc.)

Payment on Demand. The obligation of the Guarantor to pay the amount of the Guaranteed Obligations and all other amounts payable by it to the Secured Creditors or the Collateral Agent and the Vendors under this Guarantee arisesshall arise, and the Guarantor shall make such payments, promptly immediately after demand for same is made in writing to it by it. The liability of the Agent, which Guarantor shall bear interest from the date of such demand may only be made when such at the rate or rates of interest then applicable to the Guaranteed Obligations become due pursuant to under and calculated in the terms and conditions of manner provided in the Promissory NoteCredit Documents.

Appears in 2 contracts

Samples: Canadian Subsidiary Guarantee (Williams Scotsman International Inc), Canadian Subsidiary Guarantee (Williams Scotsman Inc)

Payment on Demand. The obligation of the Guarantor to pay the amount of the Guaranteed Obligations and all other amounts payable by it to the Secured Creditors or the Collateral Agent and the Vendors under this Guarantee arisesshall arise, and the Guarantor shall make such payments, promptly immediately after demand for same is made in writing to it by following the Agent, which occurrence and during the continuance of an Event of Default. The liability of the Guarantor shall bear interest from the date of such demand may only be made when such at the rate or rates of interest then applicable to the Guaranteed Obligations become due pursuant to under and calculated in the terms and conditions of manner provided in the Promissory NoteCredit Documents.

Appears in 1 contract

Samples: Avery Berkel Holdings LTD

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Payment on Demand. The obligation of the Guarantor to pay the any amount of the Guaranteed Obligations when due and all other amounts due and payable by it to the Agent and the Vendors Creditor under this Guarantee arisesshall arise, and the Guarantor shall make such payments, promptly immediately after demand for same is made in writing to it by the Agent, which demand may only be made when such Guaranteed Obligations become due pursuant to the terms and conditions it. The liability of the Promissory NoteGuarantor shall bear interest from the date of such demand at the rate of 15% per annum.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Seabridge Gold Inc)

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