PAYMENT UPON DEMAND. All amounts due under this Section 10.03 shall be payable promptly after written demand therefor.
PAYMENT UPON DEMAND. If an Event of Default exists, each Guarantor shall, on demand and without further notice of dishonor and without any notice having been given to any Guarantor previous to that demand of either the acceptance by Agent or Lenders of this Guaranty or the creation or incurrence of any Guaranteed Debt, pay the amount of the Guaranteed Debt then due and payable to Agent and Lenders; provided that, if an Event of Default exists and Agent or Lenders cannot, for any reason, accelerate the Obligations, then the Guaranteed Debt shall be, as among Guarantors, Agent, and Lenders, a fully matured, due, and payable obligation of Guarantors to Agent and Lenders. It is not necessary for Agent or Lenders, in order to enforce that payment by any Guarantor, first or contemporaneously to institute suit or exhaust remedies against any Borrower or others liable on any Guaranteed Debt or to enforce rights against any Collateral securing any Guaranteed Debt.
PAYMENT UPON DEMAND. If a Default exists, Guarantor shall, on demand and without further notice of dishonor and without any notice having been given to any Guarantor previous to that demand of either the acceptance by Administrative Agent or Lenders of this Guaranty or the creation or incurrence of any Guaranteed Debt, pay the amount of the Guaranteed Debt then due and payable to Administrative Agent and Lenders, subject to PARAGRAPH 3 above. It is not necessary for Administrative Agent or Lenders, in order to enforce that payment by any Guarantor, first or contemporaneously to institute suit or exhaust remedies against Borrower or others liable on any Guaranteed Debt or to enforce Rights against any collateral securing any Guaranteed Debt.
PAYMENT UPON DEMAND. Borrower shall, as Lender shall from time to time demand from Borrower upon at least 3 business days’ advance notice (a “Demand”), pay the entire unpaid principal amount of the Loan, together with any accrued and unpaid interest thereon (as determined from time to time, the “Payoff Amount”); provided, however, that no such Demand shall be made prior to January 1, 2014.
PAYMENT UPON DEMAND. (a) If an Event of Default exists, the Guarantor shall, on demand and without further notice of dishonor and without any notice having been given to the Guarantor previous to that demand of either the acceptance by Administrative Agent or Lenders of this Guaranty or the creation or incurrence of any Guaranteed Debt, pay the amount of the Guaranteed Debt then due and payable to Administrative Agent and Lenders; provided that, if an Event of Default exists and Administrative Agent or Lenders cannot accelerate the Guaranteed Debt for any reason (including a stay of acceleration in connection with any case commenced by or against the Guarantor, the Borrower or any other Loan Party under any Debtor Relief Laws), then the Guaranteed Debt shall be, as among the Guarantor, Administrative Agent, and Lenders, a fully matured, due, and payable obligation of the Guarantor to Administrative Agent and Lenders.
(b) The obligations of the Guarantor hereunder are those of primary obligor, and not merely as surety, and are independent of the Guaranteed Debt and the obligations of any other guarantor, and it is not necessary for Administrative Agent or Lenders, in order to enforce this Guaranty against the Guarantor, first or contemporaneously to institute suit or exhaust remedies against Borrower or others liable on any Guaranteed Debt.
PAYMENT UPON DEMAND. If an Event of Default exists, the Guarantor shall, on demand and without further notice of dishonor and without any notice having been given to the Guarantor previous to that demand of either the acceptance by Administrative Agent or Lenders of this Guaranty or the creation or incurrence of any Guaranteed Debt, pay the amount of the Guaranteed Debt then due and payable to Administrative Agent and Lenders; provided that, if an Event of Default exists and Administrative Agent or Lenders cannot, for any reason, accelerate the Obligations, then the Guaranteed Debt shall be, as among the Guarantor, Administrative Agent, and Lenders, a fully matured, due, and payable obligation of the Guarantor to Administrative Agent and Lenders. It is not necessary for Administrative Agent or Lenders, in order to enforce that payment by the Guarantor, first or contemporaneously to institute suit or exhaust remedies against Borrower or others liable on any Guaranteed Debt.
PAYMENT UPON DEMAND. Upon demand for payment by any ------------------- Indemnified Party of any Indemnified Risks incurred by it for which indemnification is sought, the Company shall pay when due and payable the full amount of such Indemnified Risks to the appropriate party, unless and only so long as: (a) the Company shall have assumed the defense of such action and is diligently prosecuting the same; (b) the Company is financially able to pay all its obligations outstanding and asserted against the Company at that time, including the full amount of the Indemnified Risks; and (c) the Company has taken all action as may be necessary to prevent (i) the collection of such Indemnified Risks from, or the assertion of any Lien in respect thereof against, the Indemnified Party or its property or assets; (ii) the sale, forfeiture or loss of the Facility or any portion thereof, or any property or assets of such Indemnified Person, during such defense of such action; and (iii) the imposition of any civil or criminal liability for failure to pay such Indemnified Risks when due and payable.
PAYMENT UPON DEMAND. If an Event of Default exists, each Guarantor shall, on demand and without further notice of dishonor and without any notice having been given to such Guarantor previous to such demand of either the acceptance by any Benefitted Party of this Guaranty or the creation or incurrence of any Guaranteed Debt, pay the amount of the Guaranteed Debt then due and payable to Administrative Agent (for the account of the applicable Benefitted Party or Parties); provided that, if an Event of Default exists and Administrative Agent or the applicable Benefitted Party cannot, for any reason, accelerate the applicable Guaranteed Debt, then such Guaranteed Debt shall be, as among each Guarantor, Administrative Agent, and the applicable Benefitted Party, a fully matured, due, and payable obligation of such Guarantor under this Guaranty. It is not necessary for Administrative Agent or any other Benefitted Party, in order to enforce that payment by such Guarantor, first or contemporaneously to institute suit or exhaust remedies against Borrower or others liable on any Guaranteed Debt or to enforce rights against any collateral securing any Guaranteed Debt.
PAYMENT UPON DEMAND. You agree that we have the right to demand immediate repayment at any time of the unpaid balance of the Principal Amount and all unpaid interest, costs and fees and you agree that we shall then have the right at any time to enforce all security that you have granted to us under, or as contemplated in, this Agreement to secure your Obligations, by any method permitted by applicable law, including, without limitation:
(i) the seizure and possession of the Collateral (it being understood, if already in our possession, that you will be deemed to have surrendered it);
(ii) the sale or other disposition of the Collateral;
(iii) the acquisition, directly or indirectly, of the Collateral;
(iv) in the case of any Policy, the exercise of any rights available to you thereunder, including, without limitation, the surrender of such Policy;
(v) the appointment of any person, including any one of our employees, as a receiver or agent on your behalf to realize upon any or all of the Collateral; and
(vi) taking any other action deemed necessary to carry into effect the provisions of this Agreement, including the exercise of any other legal right or remedy available. We shall be at liberty to invest any monies or instruments received or held by us in pursuance of this Agreement or deposit them in a non-interest bearing account without having to comply with any limitations or restrictions prescribed by law concerning the investment of property of others. We shall not in any way be responsible for any misconduct or negligence on our part or on the part of any receiver or agent appointed pursuant to section 7(v) above, except for gross negligence.
PAYMENT UPON DEMAND. If an Event of Default exists, each Guarantor ------------------- shall -- on demand and without further notice of dishonor and without any notice having been given to any Guarantor previous to that demand of either the acceptance by Administrative Agent or Lenders of this guaranty or the creation or incurrence of any Guaranteed Debt -- pay the amount of the Guaranteed Debt then due and payable to Administrative Agent and Lenders. It is not necessary for Administrative Agent or Lenders, in order to enforce that payment by any Guarantor, first or contemporaneously to institute suit or exhaust remedies against any Borrower or others liable on any Guaranteed Debt or to enforce Rights against any collateral securing any Guaranteed Debt.
