Waiver of Right to Repayment on Demand. The Reserve Bank waives its right to require repayment on demand under Section 5.1(a) of the Circular with respect to any Advance made under the PPPLF, provided that the Reserve Bank shall retain all other rights and remedies under the Circular, including but not limited to remedies upon the occurrence of an Event of Default except as provided elsewhere in this PPPLF Letter of Agreement.
Appears in 7 contracts
Samples: Paycheck Protection Program Liquidity Facility Letter of Agreement (Square, Inc.), Paycheck Protection Program Liquidity Facility Agreement, Paycheck Protection Program Liquidity Facility Agreement (Square, Inc.)
Waiver of Right to Repayment on Demand. The Reserve Bank waives its right rights to require repayment on demand under Section 5.1(a) of the Circular with respect to any Advance made under the PPPLFMMLF, provided that the Reserve Bank shall retain all other rights and remedies under the Circular, including but not limited to remedies upon the occurrence of an Event of Default except as provided elsewhere in this PPPLF Letter of AgreementDefault.
Appears in 1 contract
Samples: Letter of Agreement
