Common use of PUNCTUAL PAYMENTS Clause in Contracts

PUNCTUAL PAYMENTS. Punctually pay all principal, interest, fees or other liabilities 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 any credit subject hereto at any time exceeds any limitation on borrowings applicable thereto.

Appears in 1 contract

Samples: Credit Agreement (Dot Hill Systems 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 any credit subject hereto the Revolving Reducing Line of Credit (including the Swing Line) at any time exceeds any limitation on borrowings 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 thereintherein , and immediately upon demand by Bank, the amount by which the outstanding principal balance of any credit subject hereto at any time exceeds any limitation on borrowings Advances applicable thereto.

Appears in 1 contract

Samples: Credit Agreement (Englobal Corp)

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 any credit subject hereto the Line of Credit at any time exceeds any limitation on borrowings applicable theretothe Line of Credit, as reduced from time to time pursuant to Section 1.1(c) or (d).

Appears in 1 contract

Samples: Credit Agreement (Auto Graphics 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 and, immediately upon demand by Bank, the amount by which the outstanding principal balance of any credit subject hereto of the Credits at any time exceeds any limitation on borrowings applicable thereto.

Appears in 1 contract

Samples: Credit Agreement (Tier Technologies Inc)

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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 any credit subject hereto the Revolving Reducing Term Line of Credit at any time exceeds any limitation on borrowings 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 any credit subject hereto Revolving Loans at any time exceeds any limitation on borrowings applicable thereto.

Appears in 1 contract

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

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