Termination of Loan. The Loan shall terminate upon the earliest to occur of: (a) the Maturity Date; and (b) an occurrence of an Event of Default and the subsequent termination of the Loan by the Lender in accordance with Section 7.01.
Appears in 3 contracts
Samples: Loan Agreement (LiveReel Media CORP), Loan Agreement (LiveReel Media CORP), Loan Agreement (LiveReel Media CORP)
Termination of Loan. The Loan shall terminate upon the earliest to occur of:
earlier of (ai) the Maturity Date; and
Date of the Initial Loan, (bii) an after the occurrence of an Event of Default or (iii) after a demand under the Grid Note that is not immediately paid by the Lender. Upon such termination, all Liabilities under the Loan (and the subsequent termination of the Loan by the Lender Note and Grid Note) shall be immediately due and payable in accordance with Section 7.01full.
Appears in 1 contract
Samples: Senior Secured Loan and Security Agreement (Coolsavings Com Inc)
Termination of Loan. The Loan shall terminate upon the earliest to occur of:
earlier of (ai) ------------------- the Maturity Date; and
Date of the Initial Loan, (bii) an after the occurrence of an Event of Default or (iii) after a demand under the Grid Note that is not immediately paid by the Lender. Upon such termination, all Liabilities under the Loan (and the subsequent termination of the Loan by the Lender Note and Grid Note) shall be immediately due and payable in accordance with Section 7.01full.
Appears in 1 contract
Samples: Senior Secured Loan and Security Agreement (Coolsavings Com Inc)
