UPON DEMAND. At the election of the Bank, upon demand, all outstanding Obligations shall be due and payable upon the occurrence of an Event of Default (other than any Event of Default described in Sections 6.5 or 6.6, for which no notice is necessary), and the Borrower shall pay all such Obligations to the Bank.
Appears in 8 contracts
Samples: Revolving Line of Credit Agreement (Westcorp /Ca/), Revolving Line of Credit Agreement (WFS Financial Inc), Revolving Line of Credit Agreement (WFS Financial Inc)
UPON DEMAND. At the election of the Bank, upon demand, all outstanding Obligations shall be due and payable upon the occurrence of an Event of Default (other than any Event of Default described in Sections 6.5 Section 11.7 or 6.611.8, for which no notice is necessary), and the Borrower Borrowers shall pay all such Obligations to the Bank, including, without limitation, by applying (in the sole and absolute discretion of the Bank) any then outstanding credit balance in the Master Collection Account, the Operating Account and/or the XX Xxxx Collateral Account.
Appears in 1 contract
Samples: Revolving Credit Loan and Security Agreement (Unapix Entertainment Inc)
