Common use of Payments on Note Clause in Contracts

Payments on Note. Duly and punctually pay the principal and interest ---------------- on the Note, in accordance with the terms of this Agreement and of the Note, and pay all other Debt of Borrower reflected on the financial statements delivered to Bank and referred to in Section 5.5 hereof and all other Debt incurred after the date hereof in accordance with the terms of such Debt, it being understood, however, that this Section shall not be deemed to permit any Debt in violation of the provisions of Sections 7.1 and 7.2 hereof.

Appears in 2 contracts

Samples: Loan and Security Agreement (Color Imaging Inc), Loan and Security Agreement (Color Imaging Inc)

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Payments on Note. Duly and punctually pay the principal and interest ---------------- on the Note, in accordance with the terms of this Agreement and of the Note, and pay all other Debt of Borrower reflected on the financial statements delivered to Bank and referred to in Section 5.5 hereof and all other Debt incurred after the date hereof in accordance with the terms of such Debt, it being understood, however, that this Section shall not be deemed to permit any Debt in violation of the provisions of Sections 7.1 and 7.2 hereof.

Appears in 1 contract

Samples: Loan and Security Agreement (Color Imaging Inc)

Payments on Note. Duly and punctually pay the principal and interest ---------------- on the Note, in accordance with the terms of this Agreement and of the Note, and pay all other Debt of Borrower reflected on the financial statements delivered to Bank and referred to in Section 5.5 VARIABLE( Ref459545921 ~ hereof and all other Debt incurred after the date hereof in accordance with the terms of such Debt, it being understood, however, that this Section shall not be deemed to permit any Debt in violation of the provisions of Sections 7.1 and 7.2 hereof.

Appears in 1 contract

Samples: Loan and Security Agreement (Petmed Express Inc)

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Payments on Note. Duly and punctually pay the principal and interest ---------------- on the Note, in accordance with the terms of this Agreement and of the Note, and pay all other Debt Indebtedness of Borrower reflected on the financial statements delivered to Bank and referred to in Section 5.5 4.5 hereof and all other Debt Indebtedness incurred after the date hereof in accordance with the terms of such DebtIndebtedness, it being understood, however, that this Section 5.8 shall not be deemed to permit any Debt Indebtedness in violation of the provisions of Sections 7.1 6.1 and 7.2 6.2 hereof.

Appears in 1 contract

Samples: Loan Agreement (First Franklin Financial Corp)

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