Common use of Scheduled Mandatory Payments Under Consolidation Note Clause in Contracts

Scheduled Mandatory Payments Under Consolidation Note. 3.1.1 On or before September 30, 2005, Borrower shall pay to GECC, and Parent shall cause Borrower to pay to GECC, and GECC shall have received payment in full, in immediately available funds, of the entire amount of both the CF Obligations and the EF Obligations, as determined by CF and EF and in accordance with the GECC Documents. Such payment shall permanently reduce such obligations, and upon receipt of such payment in full CF shall have no further obligation to make advances or otherwise extend credit to Borrower. 3.1.2 Borrower shall continue to make regularly scheduled payments when due to GECC with respect to the EF Obligations until such time when GECC shall have received payment in full of the entire amount of the EF Obligations, and nothing contained in this Agreement shall be construed to excuse or extend the time or times when such regularly scheduled payments are due.

Appears in 3 contracts

Samples: Forbearance Agreement, Forbearance Agreement (BAD TOYS Holdings, Inc.), Forbearance Agreement (Southland Health Services, Inc.)

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Scheduled Mandatory Payments Under Consolidation Note. 3.1.1 On or before September 30October 31, 2005, Borrower shall pay to GECC, and Parent shall cause Borrower to pay to GECC, and GECC shall have received payment in full, in immediately available funds, of the entire amount of both the CF Obligations and the EF Obligations, as determined by CF and EF and in accordance with the GECC Documents. Such payment shall permanently reduce such obligations, and upon receipt of such payment in full CF shall have no further obligation to make advances or otherwise extend credit to Borrower. 3.1.2 Borrower shall continue to make regularly scheduled payments when due to GECC with respect to the EF Obligations until such time when GECC shall have received payment in full of the entire amount of the EF Obligations, and nothing contained in this Agreement shall be construed to excuse or extend the time or times when such regularly scheduled payments are due.

Appears in 2 contracts

Samples: Forbearance Agreement (BAD TOYS Holdings, Inc.), Forbearance Agreement (Southland Health Services, Inc.)

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Scheduled Mandatory Payments Under Consolidation Note. 3.1.1 On or before September November 30, 2005, Borrower shall pay to GECC, and Parent shall cause Borrower to pay to GECC, and GECC shall have received payment in full, in immediately available funds, of the entire amount of both the CF Obligations and the EF Obligations, as determined by CF and EF and in accordance with the GECC Documents. Such payment shall permanently reduce such obligations, and upon receipt of such payment in full CF shall have no further obligation to make advances or otherwise extend credit to Borrower. 3.1.2 Borrower shall continue to make regularly scheduled payments when due to GECC with respect to the EF Obligations until such time when GECC shall have received payment in full of the entire entrire amount of the EF Obligations, and nothing contained in this Agreement shall be construed to excuse or extend the time or times when such regularly scheduled payments are due.

Appears in 2 contracts

Samples: Forbearance Agreement (Southland Health Services, Inc.), Forbearance Agreement (BAD TOYS Holdings, Inc.)

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