Common use of PUNCTUAL PAYMENTS Clause in Contracts

PUNCTUAL PAYMENTS. Punctually pay all principal, interest, fees or other liabilities due under any of the Loan Documents at the times and place and in the manner specified therein, and immediately upon demand by Bank, the amount by which the outstanding principal balance of Revolving Loans at any time exceeds any limitation applicable thereto.

Appears in 1 contract

Samples: Loan Agreement (Titan Motorcycle Co of America Inc)

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PUNCTUAL PAYMENTS. Punctually pay all principal, interest, fees or other liabilities due under any of the Loan Documents at the times and place and in the manner specified therein, and immediately upon demand by Bank, the amount by which the outstanding principal balance of Revolving Loans advances or L/C Contingent Obligations under the Line of Credit at any time exceeds any limitation applicable thereto.

Appears in 1 contract

Samples: Credit Agreement (Natural Wonders Inc)

PUNCTUAL PAYMENTS. Punctually pay all interest, principal, interest, fees or and other liabilities due under any of the Loan Documents at the times and place and in the manner specified therein, and immediately upon demand by BankAgent, the amount by which the outstanding principal balance of the Revolving Loans Reducing Term Line of Credit at any time exceeds any limitation applicable theretoLoan Availability.

Appears in 1 contract

Samples: Credit Agreement (Copart Inc)

PUNCTUAL PAYMENTS. Punctually pay all principal, interest, fees or other liabilities due under any of the Loan Documents at the times and place and in the manner specified therein, and immediately upon demand by Bank, the amount by which the outstanding principal balance of Revolving Loans at any time the Line of Credit (inclusive of the amount available to be drawn under outstanding Letters of Credit) exceeds any limitation applicable theretothe limitations set forth in Section 1.1 (b) above.

Appears in 1 contract

Samples: Credit Agreement (Micrus Corp)

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PUNCTUAL PAYMENTS. Punctually pay all interest, principal, interest, fees or and other liabilities due under any of the Loan Documents at the times and place and in the manner specified therein, and immediately upon demand by BankAgent, the amount by which the outstanding principal balance of the Revolving Loans Reducing Line of Credit (including the Swing Line) at any time exceeds any limitation applicable theretoLoan Availability.

Appears in 1 contract

Samples: Credit Agreement (Copart Inc)

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