Common use of Termination of Payment Obligation Clause in Contracts

Termination of Payment Obligation. The payment obligation shall terminate upon Lender receiving payments from Company equal to the Amount Advanced plus the Interest and all other amounts due pursuant to this Agreement (the “Payoff Date”).

Appears in 4 contracts

Samples: Revenue Loan and Security Agreement (INVO Bioscience, Inc.), Revenue Loan and Security Agreement (Sidus Space Inc.), Revenue Loan and Security Agreement (Splash Beverage Group, Inc.)

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Termination of Payment Obligation. The payment obligation shall terminate upon Lender receiving payments from Company equal to the Amount Advanced Advance plus the Interest and all other amounts due pursuant to this Agreement (the “Payoff Date”).

Appears in 2 contracts

Samples: Revenue Loan and Security Agreement (Isun, Inc.), Revenue Loan and Security Agreement (Pineapple Energy Inc.)

Termination of Payment Obligation. The payment obligation shall terminate upon Lender receiving payments from Company equal to the Amount Advanced plus the Interest and all other amounts (other than pursuant to Section 9.1) due pursuant to this Agreement (the “Payoff Date”).

Appears in 1 contract

Samples: Revenue Loan and Security Agreement (Stryve Foods, Inc.)

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Termination of Payment Obligation. The payment obligation shall terminate upon Lender receiving payments from Company equal to the Amount Advanced Outstanding Advance Balance, plus the Interest and all other amounts due pursuant to this Agreement (the “Payoff Date”)Agreement.

Appears in 1 contract

Samples: Revenue Loan and Security Agreement (T1V, Inc.)

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