Common use of Term and Prepayment Clause in Contracts

Term and Prepayment. 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 and (iii) all other non-contingent ---------- Obligations due to or incurred by Lender.

Appears in 1 contract

Samples: Loan and Security Agreement (Cd Warehouse Inc)

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Term and Prepayment. Upon the Commitment Termination 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: (i5) all outstanding Revolving Credit Advances and all accrued but unpaid interest thereon; (ii6) an amount sufficient to enable Lender to hold cash collateral as specified in Schedule C all principal and accrued but unpaid interest on the Term Loan; and (iii7) 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. 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 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)

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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 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 (iii) all other non-contingent ---------- Obligations due to or incurred by Lender.;

Appears in 1 contract

Samples: Loan and Security Agreement (Adams Golf Inc)

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