Common use of Timely Demand Clause in Contracts

Timely Demand. In the event that the Lender fails to make demand on Ex-Im Bank on behalf of a Noteholder within the time period required in Section 8.02(b)(vi), the Guarantee of the unpaid installment of principal and/or interest as to which the Lender did not make such timely demand shall automatically terminate with respect thereto. This termination shall be without prejudice to the right of the Lender, on behalf of a Noteholder, to make demand on Ex-Im Bank under this Agreement for any other due and unpaid installments of principal or interest on any Note.

Timely Demand. In the event that the Lender fails to make demand on Ex-Im Bank on behalf of a Noteholder Debt Holder within the time period required in Section 8.02(b)(vi), the Guarantee of the unpaid installment of principal and/or interest as to which the Lender did not make such timely demand was not made shall automatically terminate with respect thereto. This termination shall be without prejudice to the right of the Lender, on behalf of a NoteholderDebt Holder, to make demand on Ex-Im Ex- Im Bank under this Agreement for any other due and unpaid installments of principal or interest on any NoteInstallments.

Timely Demand. In the event that the Lender fails to make demand on Ex-Im Bank [on behalf of a Noteholder Noteholder] within the time period required in Section 8.02(b)(vi8.02(b)(viii), the Political Risk Guarantee of the unpaid installment of principal and/or interest as to which the Lender did not make such timely demand shall automatically terminate with respect thereto. This termination shall be without prejudice to the right of the Lender, Lender on behalf of a Noteholder, Noteholder to make demand on Ex-Im Bank under this Agreement for any other due and unpaid installments of principal or interest on any Note.

Timely Demand. In the event that the Lender fails to make demand on Ex-Im Bank on behalf of a Noteholder within the time period required in Section 8.02(b)(vi), the Guarantee of the unpaid installment of principal and/or interest as to which the Lender did not make such timely demand was not made shall automatically terminate with respect thereto. This termination shall be without prejudice to the right of the Lender, on behalf of a Noteholder, to make demand on Ex-Im Bank under this Agreement for any other due and unpaid installments of principal or interest on any Note.