Common use of Demand Facility Clause in Contracts

Demand Facility. All interest, principal, Advances, and any other amounts owing hereunder are due ON DEMAND and Lender specifically reserves the absolute right to demand payment of all such amounts at any time, with or without advance notice, for any reason or no reason whatsoever. Lender's right to make such demand is not exclusive and Lender may coincidentally or separately from such demand make further demand for payment pursuant to Paragraph 20 or otherwise hereunder and, further, amounts may become due hereunder (pursuant to Paragraph 20 or otherwise) without a demand by Lender, as provided in this agreement.

Appears in 5 contracts

Samples: General Credit and Security Agreement (Fieldworks Inc), General Credit and Security Agreement (Digital Biometrics Inc), General Credit and Security Agreement (Infinite Graphics Inc)

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