Common use of Term and Prepayment Clause in Contracts

Term and Prepayment. (a) Upon the Commitment Termination Date the obligation of Lender to make Revolving Credit Advances and extend other credit hereunder shall immediately terminate and Borrower shall pay to Lender in full, in cash: (i) all outstanding Revolving Credit Advances and all accrued but unpaid interest thereon; and (ii) all other non-contingent Obligations due to or incurred by Lender.

Appears in 5 contracts

Samples: Loan and Security Agreement (FVA Ventures, Inc.), Loan and Security Agreement (FVA Ventures, Inc.), Loan and Security Agreement (FVA Ventures, Inc.)

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Term and Prepayment. (a) Upon the Commitment Termination Date Date, the obligation of Lender to make Revolving Credit Advances and extend other credit hereunder shall immediately terminate and Borrower Borrowers shall pay to Lender in full, in cash: (i) all outstanding Revolving Credit Advances and all accrued but unpaid interest thereon; (ii) an amount sufficient to enable Lender to hold cash collateral as specified in Schedule C; and (iiiv) all other non-contingent Obligations due to or incurred by Lender.

Appears in 4 contracts

Samples: Loan Agreement (Dirtt Environmental Solutions LTD), Loan Agreement (Dirtt Environmental Solutions LTD), Loan Agreement (Dirtt Environmental Solutions LTD)

Term and Prepayment. (a) Upon the Commitment Termination Date the obligation of Lender to make Revolving Credit Advances and extend other credit hereunder shall immediately terminate and Borrower Borrowers shall pay to Lender in full, in cash: (i) all outstanding Revolving Credit Advances and all accrued but unpaid interest thereon, including Additional Interest referred to in Section 1.5(e); (ii) an amount sufficient to enable Lender to hold cash collateral as specified in Schedule C; and (iiiii) all other non-contingent Obligations due to or incurred by Lender.

Appears in 2 contracts

Samples: Loan and Security Agreement (Intelefilm Corp), Loan and Security Agreement (Harmony Holdings Inc)

Term and Prepayment. (a) Upon the Commitment Termination Date the obligation of Lender to make Revolving Credit Advances and extend other credit hereunder shall immediately terminate and and, Borrower shall pay to Lender in fullaccordance with the promissory note, in cash: (i) all outstanding Revolving Credit Advances and all accrued but unpaid interest thereon; and (ii) all other non-contingent Obligations due to or incurred by Lender.;

Appears in 1 contract

Samples: Loan and Security Agreement (Trailer Bridge Inc)

Term and Prepayment. (a) Upon the Commitment Termination Date Date, the obligation of Lender to make Revolving Credit Advances and extend other credit hereunder shall immediately terminate and Borrower shall pay to Lender in full, in cash: (i) all outstanding Revolving Credit Advances and all accrued but unpaid interest thereon; (ii) an amount sufficient to enable Lender to hold cash collateral as may be required, solely to the extent of any Obligations remaining outstanding after repayment; and (iiiii) all other non-contingent Obligations due to or incurred by Lender.

Appears in 1 contract

Samples: Loan Agreement (Very Good Food Co Inc.)

Term and Prepayment. (a) Upon the Commitment Termination Date the ------------------- obligation of Lender to make Revolving Credit Advances and extend other credit hereunder shall immediately terminate and Borrower Borrowers shall pay to Lender in full, in cash: (i) all outstanding Revolving Credit Advances and all accrued but unpaid interest thereon; (ii) an amount sufficient to enable Lender to hold cash collateral as specified in Schedule C and (iiiii) all other non-contingent ---------- Obligations due to or incurred by Lender.

Appears in 1 contract

Samples: Loan and Security Agreement (Cd Warehouse Inc)

Term and Prepayment. (a) Upon the Commitment Termination Date Date, the obligation of Lender to make Revolving Credit Advances and extend other credit hereunder shall immediately terminate and Borrower shall pay to Lender in full, in cash: (i) all outstanding Revolving Credit Advances and all accrued but unpaid interest thereon; and (ii) all other non-contingent Obligations due to or incurred by LenderLender in connection with advances made hereunder.

Appears in 1 contract

Samples: Loan and Security Agreement (Lendingtree Inc)

Term and Prepayment. (a) Upon the Commitment Termination Date the obligation ------------------- of Lender to make Revolving Credit Advances and extend other credit hereunder shall immediately terminate and Borrower shall pay to Lender in full, in cash: (i) all outstanding Revolving Credit Advances and all accrued but unpaid interest thereon; (ii) an amount sufficient to enable Lender to hold cash collateral as specified in Schedule C; and (iiiii) all other non-contingent ----------- Obligations due to or incurred by Lender.

Appears in 1 contract

Samples: Loan and Security Agreement (Zunicom Inc)

Term and Prepayment. (a) Upon the Commitment Termination Date the --------------------- obligation of Lender to make Revolving Credit Advances and extend other credit hereunder shall immediately terminate and Borrower shall pay to Lender in full, in cash: (i) all outstanding Revolving Credit Advances and all accrued but unpaid interest thereon; and (ii) all other non-contingent Obligations due to or incurred by Lender.

Appears in 1 contract

Samples: Loan and Security Agreement (Charys Holding Co Inc)

Term and Prepayment. (a) Upon the Commitment Termination Date Date, the obligation of Lender to make Revolving Credit Advances and extend other credit hereunder shall immediately terminate and Borrower shall pay to Lender in full, in cash: (i) all outstanding Revolving Credit Advances and all accrued but unpaid interest thereon; (ii) an amount sufficient to enable Lender to hold cash collateral as specified in Schedule C; and (iiiii) all other non-contingent Obligations due to or incurred by Lender.

Appears in 1 contract

Samples: Loan Agreement (Vicinity Motor Corp)

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Term and Prepayment. (ai) Upon the Commitment Revolving Credit Loan Termination Date the obligation of Lender to make consider Borrower's requests for Revolving Credit Advances and extend other credit hereunder shall immediately terminate and Borrower shall pay to Lender in full, in cash: (i) all outstanding Revolving Credit Advances and all accrued but unpaid interest thereon; and (ii) all other non-contingent Obligations due to or incurred by Lender.

Appears in 1 contract

Samples: Loan and Security Agreement (3do Co)

Term and Prepayment. (a. ii) Upon the Commitment Termination Date the obligation of Lender to make Revolving Credit Advances and extend other credit hereunder shall immediately terminate and Borrower shall pay to Lender in full, in cash: (i5) all outstanding Revolving Credit Advances and all accrued but unpaid interest thereon; (6) all principal and accrued but unpaid interest on the Term Loan; and (ii7) all other non-contingent Obligations due to or incurred by Lender.

Appears in 1 contract

Samples: Loan and Security Agreement (House of Taylor Jewelry, Inc.)

Term and Prepayment. (a) Upon the Commitment Termination Date the obligation of Lender to make Revolving Credit Advances and extend other credit hereunder shall immediately terminate and Borrower shall pay to Lender in full, in cash: (i) all outstanding Revolving Credit Advances and all accrued but unpaid interest thereon; (ii) an amount sufficient to satisfy the Cash Collateral Account requirement specified in SCHEDULE C; and (iiiii) all other non-contingent Obligations due to or incurred by Lender.

Appears in 1 contract

Samples: Loan and Security Agreement (Youthstream Media Networks Inc)

Term and Prepayment. (a) Upon the Commitment Termination Date the obligation of Lender to make Revolving Credit Advances and extend other credit hereunder shall immediately terminate and Borrower Borrowers shall pay to Lender in full, in cash: (i) all outstanding Revolving Credit Advances and all accrued but unpaid interest thereon; and (ii) an amount sufficient to enable Lender to hold cash collateral as specified in Schedule C; and (iii) all other non-non- contingent Obligations due to or incurred by Lender.

Appears in 1 contract

Samples: Loan and Security Agreement (Method Products Corp /De)

Term and Prepayment. (a) Upon the Commitment Termination Date the obligation ------------------ of Lender to make Revolving Credit Advances and extend other credit hereunder shall immediately terminate and Borrower shall pay to Lender in full, in cash: (i) all outstanding Revolving Credit Advances and all accrued but unpaid interest thereon; and (ii) all other non-contingent Obligations due to or incurred by Lender.;

Appears in 1 contract

Samples: Loan and Security Agreement (Salix Pharmaceuticals LTD)

Term and Prepayment. (a) Upon the Commitment Termination Date the obligation of Lender to make Revolving Credit Advances and extend other credit hereunder shall immediately terminate and Borrower Borrowers shall pay to Lender in full, in cash: (i) all outstanding Revolving Credit Advances and all accrued but unpaid interest thereon; (ii) an amount sufficient to enable Lender to hold cash collateral as specified in Schedule C; and (iiiii) all other non-contingent Obligations due to or incurred by Lender.

Appears in 1 contract

Samples: Loan and Security Agreement (Marlton Technologies Inc)

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