Examples of Demand Loans in a sentence
At any time when any Seller Party is required to make any payment hereunder and such Seller Party does not have sufficient funds to make such payment, Seller shall demand payment of the Demand Loans (or such portion of the Demand Loans as would be sufficient to make such payment) and remit the amount received as a result of such demand to the Servicer, the Purchasers or the Agent (as applicable) for disposition as provided herein.
Borrower will use the proceeds of the Loans made hereunder solely in connection with the acquisition or funding of Receivables, to repay the Subordinated Loans, to make Demand Loans and to make dividends in accordance with applicable corporate law and this Agreement.
Upon termination of this Agreement, HDC using funds billed and collected pursuant to Section 1(d) above shall: (i) pay any expenses accrued by P.C. through the termination date; (ii) collect all fees accrued to it through the termination date, including without limitation the payment of the Compensation Amount specified in Section 4 hereof; and (iii) collect the amounts due under the Demand Loans specified in Section 1(b) hereof.
If any contingent or any other liabilities are turned to forced loans (i.e. without any prior approval as regular loan) those too will be treated as Demand Loans.
The VNB and VNB margins for new business written for the track record period are presented in Table 5.7 and Table 5.8 respectively, split by region.