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 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; (iii) all principal and accrued but unpaid interest on ---------- the Term Loan; and (iv) all other non-contingent Obligations due to or incurred by Lender.

Appears in 1 contract

Samples: Loan and Security Agreement (Nutrition for Life International Inc)

AutoNDA by SimpleDocs

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 Borrowers 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; (iii) all principal and accrued but unpaid interest on ---------- the Term Loan; and (iv) all other non-contingent Obligations due to or incurred by Lender.

Appears in 1 contract

Samples: Loan and Security Agreement (Cover All Technologies 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 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; (iii) all principal and accrued but unpaid interest on ---------- the Term LoanLoans; and (iv) all other non-contingent Obligations due to or incurred by Lender.

Appears in 1 contract

Samples: Loan and Security Agreement (Edac Technologies Corp)

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 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 SCHEDULE C; (iii) all principal and accrued but unpaid interest on ---------- the Term Loan; and (iv) all other non-contingent Obligations due to or incurred by Lender.

Appears in 1 contract

Samples: Loan and Security Agreement (Ballantyne of Omaha Inc)

AutoNDA by SimpleDocs

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 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; (iii) all ---------- principal and accrued but unpaid interest on ---------- the Term Loan; and (iv) all other non-contingent Obligations due to or incurred by Lender.

Appears in 1 contract

Samples: Loan and Security Agreement (Advanced Nutraceuticals Inc/Tx)

Time is Money Join Law Insider Premium to draft better contracts faster.