Common use of DEMAND FEATURE Clause in Contracts

DEMAND FEATURE. If this Note contains a demand feature, then notwithstanding anything to the contrary contained in this Note, Xxxxxx's rights with respect to the events of default identified above shall not be limited, restricted, impaired or otherwise adversely affected by the demand feature of this Note. Xxxxxx's right to demand payment, at any time, and from time to time, shall be in Xxxxxx's sole and absolute discretion, whether or not any default has occurred.

Appears in 2 contracts

Samples: Bumgarner Enterprises Inc, Allsup Inc

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DEMAND FEATURE. If this Note contains a demand feature, then notwithstanding anything to the contrary contained in this Note, Xxxxxx's Lendxx'x rights with respect to the events of default identified above shall not be limited, restricted, impaired or otherwise adversely affected by the demand feature of this Note. Xxxxxx's right Lendxx'x xight to demand payment, at any time, and from time to time, shall be in Xxxxxx's sole Lendxx'x xole and absolute discretion, whether or not any default has occurred.

Appears in 1 contract

Samples: Loan Agreement (Coral Systems Inc)

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DEMAND FEATURE. If checked, this Note contains a demand feature, and then notwithstanding anything to the contrary contained in In this Note, Xxxxxx's rights with respect to the events of default identified above shall not be limited, restricted, impaired Impaired or otherwise adversely affected by the demand feature of this Note. , Xxxxxx's right to demand payment, at any time, time and from time to time, shall be in XxxxxxLender's sole and absolute discretion, whether or not any default has occurred.

Appears in 1 contract

Samples: FVNB Corp

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