Common use of Demand by the Lender Clause in Contracts

Demand by the Lender. In addition to the terms set forth in this Article II and in no manner imposing any limitation on such terms, if all or any portion of the then outstanding Guaranteed Obligations are declared to be immediately due and payable, then the Guarantors shall, upon demand in writing therefor by the Lender to the Guarantors, pay all or such portion of the outstanding Guaranteed Obligations then due and payable or declared due and payable.

Appears in 5 contracts

Samples: Guaranty Agreement (Afp Imaging Corp), Guaranty Agreement (Aftersoft Group), Agreement (EVCI Career Colleges Holding Corp)

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Demand by the Lender. In addition to the terms set forth in this Article II and in no manner imposing any limitation on such terms, if all or any portion of the then outstanding Guaranteed Obligations are declared to be immediately due and payable, then the Guarantors shall, upon demand in writing therefor by the Lender to the Guarantors, pay all or such portion of the outstanding Guaranteed Obligations then due and payable or declared due and payable.

Appears in 2 contracts

Samples: Guaranty Agreement (Clearpoint Business Resources, Inc), Guaranty Agreement (General Environmental Management, Inc)

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Demand by the Lender. In addition to the terms set forth in this Article II and in no manner imposing any limitation on such terms, if all or any portion of the then outstanding Guaranteed Obligations are declared to be immediately due and payable, then the Guarantors shall, upon demand in writing therefor by the Lender to the Guarantors, pay all or such portion of the outstanding Guaranteed Obligations due hereunder then due and payable or declared due and payable.

Appears in 1 contract

Samples: Guaranty Agreement (Ucn Inc)

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