Common use of Preference Payments Clause in Contracts

Preference Payments. Any monies Lender pays because of an asserted preference claim in Borrower’s bankruptcy will become a part of the Loan and, at Lender’s option, shall be payable by Borrower as provided in the Agreement.

Appears in 2 contracts

Samples: Sales Proceeds Sharing Agreement, Commercial Loan Agreement (DERMAdoctor, LLC)

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Preference Payments. Any monies Lender pays because of an asserted preference claim in Borrower’s 's bankruptcy will become a part of the Loan and, Indebtedness and at Lender’s option, Lender s option shall be payable by Borrower as provided above in the AgreementEXPENDITURES BY LENDER paragraph.

Appears in 2 contracts

Samples: Business Loan Agreement (Real Goods Trading Corp), Business Loan Agreement (Real Goods Trading Corp)

Preference Payments. Any monies Lender pays because of an asserted preference claim in In Borrower’s 's bankruptcy will become a part of the Loan Indebtedness and, at Lender’s 's option, shall be payable by Borrower as provided in above In the Agreement"EXPENDITURES BY LENDER" paragraph.

Appears in 1 contract

Samples: Commercial Security Agreement (Boatracs Inc /Ca/)

Preference Payments. Any monies Lender Client pays because of an asserted preference claim in Borrower’s bankruptcy will shall become a part of the Loan Obligations and, at LenderClient’s option, shall be payable by Borrower as provided in the this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement

Preference Payments. Any monies Lender pays because of an asserted preference claim in Borrower’s 's bankruptcy will become a part of the Loan Indebtedness and, at Lender’s Lenders option, shall be payable by Borrower as provided in above In the Agreement"EXPENDITURES BY LENDER" paragraph.

Appears in 1 contract

Samples: Business Loan Agreement (Solopoint Inc)

Preference Payments. Any monies Lender pays because of an asserted preference claim in Borrower’s 's bankruptcy will become a part of the Loan andindebtedness and , at Lender’s option, 's option shall be payable by Borrower as provided above in the Agreement"EXPENDITURES BY LENDER" paragraph.

Appears in 1 contract

Samples: Loan Agreement (Labor Ready Inc)

Preference Payments. Any monies Lender pays because of an asserted preference claim in Borrower’s Borrowers bankruptcy will become a part of the Loan indebtedness and, at Lender’s Lenders option, shall be payable by Borrower as provided above in the Agreement"EXPENDITURES BY LENDER" paragraph.

Appears in 1 contract

Samples: Commercial Security Agreement (Briazz Inc)

Preference Payments. Any monies Lender pays because of an asserted preference claim in Borrower’s Borrowing's bankruptcy will become a part of the Loan indebtedness and, at Lender’s 's option, shall be payable by Borrower as provided above in the Agreement"EXPENDITURES BY LENDER" paragraph.

Appears in 1 contract

Samples: Commercial Security Agreement (Amphastar Pharmaceuticals, Inc.)

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Preference Payments. Any monies Lender pays because of an asserted preference claim in Borrower’s bankruptcy will become a part of the Loan Indebtedness and, at Lender’s option, shall be payable by Borrower as provided above in the Agreement“EXPENDITURES BY LENDER” Section.

Appears in 1 contract

Samples: Commercial Security Agreement (Jones Soda Co)

Preference Payments. Any monies Lender pays because of an asserted preference claim in In Borrower’s 's bankruptcy will become a part of the Loan Indebtedness and, at Lender’s 's option, shall be payable by Borrower as provided in the Agreement.above In the

Appears in 1 contract

Samples: Commercial Security Agreement (Boatracs Inc /Ca/)

Preference Payments. Any monies Lender pays because of an asserted preference claim in Borrower’s 's bankruptcy will become a part of the Loan Indebtedness and, at Lender’s 's option, shall be payable by Borrower as provided provider above in the Agreement"EXPENDITURES BY LENDER" paragraph.

Appears in 1 contract

Samples: Loan Agreement (Autoweb Com Inc)

Preference Payments. Any monies Lender pays because of an asserted preference claim in In Borrower’s 's bankruptcy will become a part of the Loan Indebtedness and, at Lender’s 's option, shall be payable by Borrower as provided above in the Agreement"EXPENDITURES BY LENDER" paragraph.

Appears in 1 contract

Samples: Commercial Security Agreement (Boatracs Inc /Ca/)

Preference Payments. Any monies Lender pays because of an asserted preference claim in Borrower’s my bankruptcy will become a part of the Loan indebtedness and, at Lender’s option, shall be payable by Borrower me as provided in the this Agreement.

Appears in 1 contract

Samples: Promissory Note (Wilshire Financial Services Group Inc)

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