Principal Payments on the Line. Borrower will pay the outstanding principal balance of the Line, together with any accrued and unpaid interest thereon, and any other sums due pursuant to the terms hereof, on the Expiration Date.
Principal Payments on the Line. Borrowers will pay the outstanding principal balance of the Line, together with any accrued and unpaid interest thereon, and any other sums due pursuant to the terms hereof, ON DEMAND after the occurrence of an Event of Default or after expiration of the Contract Period. If any Out-Of-Formula Advance arises or exists under the Line for any reason whatsoever, including inventory or accounts becoming ineligible, Borrowers will repay such Out-Of-Formula Advance immediately, without demand.
Principal Payments on the Line. Borrowers will pay the outstanding principal balance of the Line, together with any accrued and unpaid interest thereon, and any other sums due pursuant to the terms hereof, ON DEMAND; provided, that no demand for payment may be made by Bank unless (a) an Event of Default has occurred hereunder or under any of the Loan Documents; or (b) the Line has expired. If any overadvance arises under the Line for any reason whatsoever, including accounts becoming ineligible, Borrowers will repay such overadvances, ON DEMAND.
Principal Payments on the Line. Borrowers will pay the outstanding Advances under the Line, together with any accrued and unpaid interest thereon, and any other sums due pursuant to the terms hereof, ON DEMAND after the occurrence of an Event of Default or after expiration of the Contract Period. If any Out-Of-Formula Advance arises or exists under the Line for any reason whatsoever, including inventory or accounts becoming ineligible, Bank decreasing advance rates or Bank establishing reserves, Borrowers will repay such Out-Of-Formula Advance immediately, without demand.
Principal Payments on the Line. Borrower will pay the outstanding Advances under the Line, together with any accrued and unpaid interest thereon, and any other sums due pursuant to the terms hereof, ON DEMAND after the occurrence of an Event of Default, but in no event later than June 30, 2010.
Principal Payments on the Line. Borrower will pay the outstanding ------------------------------ principal balance of the Line, together with any accrued and unpaid interest thereon, and any other sums due pursuant to the terms hereof, on the Expiration Date.
Principal Payments on the Line. Borrowers will pay the outstanding principal balance of the Line, together with any accrued and unpaid interest thereon, on the expiration of the Contract Period or, ON DEMAND after the occurrence of an Event of Default. Prior to the occurrence of an Event of Default, all payments made by or for the benefit of Borrowers, to the extent applied to reduce the principal balance of the outstanding advances under the Line shall be applied first towards repayment of the balance accruing interest at the Prime Rate, before any payments are made with respect to any portion of the principal balance accruing interest at a LIBOR Based Rate.
Principal Payments on the Line. Borrower will pay the outstanding principal balance of the Line, together with any accrued and unpaid interest thereon, and any other sums due pursuant to the terms hereof, ON DEMAND. If any Out-Of-Formula Advance arises or exists under the Line (other than a Permitted Out-of-Formula Advance) for any reason whatsoever, Borrower will repay such Out-Of-Formula Advance immediately, without demand. THE INCLUSION OF EVENTS OF DEFAULT AND COVENANTS IN THE LOAN DOCUMENTS SHALL NOT IN ANY WAY LIMIT THE DEMAND NATURE OF THE LINE. BORROWER UNDERSTANDS THAT THE BANK MAY MAKE DEMAND FOR PAYMENT AT ANY TIME FOR ANY OR NO REASON, WITHOUT REGARD TO WHETHER AN EVENT OF DEFAULT HAS
Principal Payments on the Line. Borrower will pay the outstanding principal balance of the Line, together with all accrued and unpaid interest thereon, and any other sums due pursuant to the terms hereof, ON DEMAND during the continuance of an Event of Default or immediately upon expiration of the Contract Period. If any Out-Of-Formula Advance arises or exists under the Line for any reason whatsoever, including inventory or accounts becoming ineligible or required reserves, Borrower will repay such Out-Of-Formula Advance immediately, without demand, except for the Permitted Out-of-Formula Advance which shall be reduced as provided for in Section 2.1(c) above.
Principal Payments on the Line. Borrowers will pay the outstanding principal balance of the Line, together with any accrued and unpaid interest thereon, and any other sums due pursuant to the terms hereof, ON DEMAND after the occurrence of an Event of Default or after expiration of the Contract Period. Notwithstanding the foregoing, if the Line Amount is reduced as a result of Borrowers' failure to consummate the Secondary Offering by or before December 31, 1996, Borrowers shall immediately repay to Bank any and all principal outstanding under the Line in excess of the Line Amount.
