Common use of Repayment of the Loans Clause in Contracts

Repayment of the Loans. Company (a) may prepay the Obligations in excess of the Minimum Borrowing Amount from time to time in accordance with the terms and provisions of the Notes (and Section 16 hereof if such prepayment is due to a termination of this Agreement); and (b) shall repay on the expiration of the Term (i) the then aggregate outstanding principal balance of the Loans made by Laurus to Company hereunder together with accrued and unpaid interest, fees and charges and (ii) all other amounts owed Laurus under this Agreement and the Ancillary Agreements. Any payments of principal, interest, fees or any other amounts payable hereunder or under any Ancillary Agreement shall be made prior to 12:00 noon (New York time) on the due date thereof in immediately available funds.

Appears in 6 contracts

Samples: Security Agreement (Micro Component Technology Inc), Security Agreement (Electric City Corp), Security Agreement (Home Solutions of America Inc)

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Repayment of the Loans. Company (a) may prepay the Obligations in excess of the Minimum Borrowing Amount from time to time in accordance with the terms and provisions of the Notes (and Section 16 hereof if such prepayment is due to a termination of this Agreement); and (b) shall repay on the expiration of the Term (i) the then aggregate outstanding principal balance of the Loans made by Laurus to Company hereunder together with accrued and unpaid interest, fees and charges and (ii) all other amounts owed Laurus under this Agreement and the Ancillary Agreements. Any payments of principal, interest, fees or any other amounts payable hereunder or under any Ancillary Agreement shall be made prior to 12:00 noon (New York time) on the due date thereof in immediately available funds.

Appears in 4 contracts

Samples: Security Agreement (Conversion Services International Inc), Security Agreement (Creative Vistas Inc), Security Agreement (Creative Vistas Inc)

Repayment of the Loans. Company (a) may prepay pay the Obligations in excess of the Minimum Borrowing Amount from time to time in accordance with the terms and provisions of the Notes (and Section 16 hereof if such prepayment is due to a termination of this Agreement); and (b) shall repay on the expiration of the Term (i) the then aggregate outstanding principal balance of the Loans made by Laurus to Company hereunder together with accrued and unpaid interest, fees and charges and (ii) all other amounts owed Laurus under this Agreement and the Ancillary Agreements. Any payments of principal, interest, fees or any other amounts payable hereunder or under any Ancillary Agreement shall be made prior to 12:00 noon (New York time) on the due date thereof in immediately available funds.

Appears in 4 contracts

Samples: Security Agreement (Digital Angel Corp), Security Agreement (Digital Angel Corp), Security Agreement (Digital Angel Corp)

Repayment of the Loans. Company (a) may prepay the Obligations in excess of the Minimum Borrowing Amount from time to time in accordance with the terms and provisions of the Notes (and Section 16 17 hereof if such prepayment is due to a termination of this Agreement); and (b) shall repay on the expiration of the Term (i) the then aggregate outstanding principal balance of the Loans made by Laurus to Company hereunder together with accrued and unpaid interest, fees and charges and (ii) all other amounts owed Laurus under this Agreement and the Ancillary Agreements. Any payments of principal, interest, fees or any other amounts payable hereunder or under any Ancillary Agreement shall be made prior to 12:00 noon (New York time) on the due date thereof in immediately available funds.

Appears in 2 contracts

Samples: Security Agreement (Comc Inc), Security Agreement (DSL Net Inc)

Repayment of the Loans. Company (a) may prepay the Obligations in excess of the Minimum Borrowing Amount from time to time in accordance with the terms and provisions of the Notes (and Section 16 17 hereof if such prepayment is due to a termination of this Agreement); and (b) shall repay on the expiration of the Term (i) the then aggregate outstanding principal balance of the Loans made by Laurus to Company hereunder together with accrued and unpaid interest, fees and charges and (ii) all other amounts owed Laurus under this Agreement and the Ancillary Agreements. Any payments of principal, interest, fees or any other amounts payable hereunder or under any Ancillary Agreement shall be made prior to 12:00 noon (New York time) on the due date thereof in immediately available funds.

Appears in 2 contracts

Samples: And Restated Security Agreement (Gvi Security Solutions Inc), Security Agreement (Gvi Security Solutions Inc)

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Repayment of the Loans. Company Companies (a) may prepay the Obligations in excess of the Minimum Borrowing Amount from time to time in accordance with the terms and provisions of the Notes (and Section 16 hereof if such prepayment termination is due to a termination of this Agreement); and (b) shall repay on the expiration of the Term (i) the then aggregate outstanding principal balance of the Loans made by Laurus to Company Companies hereunder together with accrued and unpaid interest, fees and charges and (ii) all other amounts owed Laurus under this Agreement and the Ancillary Agreements. Any payments of principal, interest, fees or any other amounts payable hereunder or under any Ancillary Agreement shall be made prior to 12:00 noon (New York time) on the due date thereof in immediately available funds.

Appears in 1 contract

Samples: Security Agreement (Elinear Inc)

Repayment of the Loans. Company (a) may prepay the Obligations in excess of the Minimum Borrowing Amount from time to time in accordance with the terms and provisions of the Notes (and Section 16 hereof if such prepayment is due to a termination of this Agreement); and (b) shall repay on the expiration of the Term (i) the then aggregate outstanding principal balance of the Loans made by Laurus to Company hereunder together with accrued and unpaid interest, fees and charges and (ii) all other amounts owed to Laurus under this Agreement and the Ancillary Agreements. Any payments of principal, interest, fees or any other amounts payable hereunder or under any Ancillary Agreement shall be made prior to 12:00 noon 5:00 p.m. (New York time) on the due date thereof in immediately available funds.

Appears in 1 contract

Samples: Security Agreement (Ventures National Inc)

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