Demand Basis. If, under clause 10.2.2, the Bank has declared the Loan to be due and payable on demand, at any time thereafter the Bank may by further notice to the Borrowers demand repayment of the Loan on such date as may be specified whereupon the Loan shall become due and payable accordingly with all interest and commitment commission accrued and all other sums payable under this Agreement.
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Sources: Facility Agreement (Navios Maritime Acquisition CORP)
Demand Basis. If, under pursuant to clause 10.2.2, the Bank has declared declares the Loan to be due and payable on demand, at any time thereafter the Bank may by further written notice to the Borrowers demand (a) call for repayment of the Loan on such date as may be specified whereupon the Loan shall become due and payable accordingly on the date so specified together with all interest and commitment commission accrued and all other sums payable under this AgreementAgreement or (b) withdraw such declaration with effect from the date specified in such notice.
Appears in 1 contract
Sources: Loan Agreement (Aegean Marine Petroleum Network Inc.)
Demand Basis. If, under If pursuant to clause 10.2.2, the Bank has declared declares the Loan to be due and payable on demand, at any time thereafter the Bank may by further written notice to the Borrowers demand Borrower (a) call for repayment of the Loan on such date as may be specified whereupon the Loan shall become due and payable accordingly on the date so specified together with all interest and commitment commission accrued and all other sums payable under this AgreementAgreement or (b) withdraw such declaration with effect from the date specified in such notice.
Appears in 1 contract
Demand Basis. If, under pursuant to clause 10.2.2, the Bank has declared declares the Loan to be due and payable on demand, at any time thereafter the Bank may by further written notice to the Borrowers demand (a) call for repayment of the Loan on such date as may be specified whereupon the Loan shall become due and payable accordingly on the date so specified together with all interest interest, commitment commission and commitment guarantee commission accrued and all other sums payable under this AgreementAgreement or (b) withdraw such declaration with effect from the date specified in such notice.
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