Due and Payable Sample Clauses

Due and Payable. Upon the occurrence of any Event of Default which has not been waived in writing by Buyer, Buyer may, by notice to Seller, declare all Obligations to be immediately due and payable, and any obligation of Buyer to enter into Transactions with Seller shall thereupon immediately terminate. Upon such declaration, the Obligations shall become immediately due and payable, both as to Purchase Price outstanding and Price Differential, without presentment, demand, protest or notice of any kind, all of which are hereby expressly waived, anything contained herein or other evidence of such Obligations to the contrary notwithstanding, except with respect to any Event of Default set forth in Section 7.01(d), in which case all Obligations shall automatically become immediately due and payable without the necessity of any notice or other demand, and any obligation of Buyer to enter into Transactions with Seller shall immediately terminate. Buyer may enforce payment of the same and exercise any or all of the rights, powers and remedies possessed by Buyer, whether under this Agreement or any other Program Agreement or afforded by applicable law.
Due and Payable. Upon the occurrences of any such Event of Default, the Lender at the Lender’s option and exercised by written notice to the Borrower, shall deem the principal under this Bridge Loan Agreement, together with the interest and charges accrued thereon, become immediately due and payable. The Lender may exercise any or all of the rights and remedies granted under the provisions of the Uniform Commercial Code of the State of Delaware (as now or hereafter in effect). Any proceeds realized from the disposition of the assets of the Borrower under bankruptcy or liquidation provisions, shall: (i) first be applied to the payment of any wages due to any employees of the Borrower pursuant to Colorado Department of Labor statutes; (ii) then to any secured indebtedness of the Borrower; (iii) then to any expenses incurred by the Lender in connection with the disposition; and (iv) the balance shall be applied to the payment of the Loan Amount; (v) then to any trade or vendor indebtedness; (vi) thereafter to any other indebtedness and the equity shareholders of the Borrower. Any surplus proceeds shall be an asset of the Borrower. In the event such proceeds prove insufficient to satisfy all indebtedness secured hereunder, then Borrower shall be liable for the deficiency.
Due and Payable when used with reference to the principal of, or premium or interest on, or when referring to any and all other sums secured by this Mortgage or any other of the Security Documents shall mean due and payable, whether at the monthly or other date of payment or at the date of maturity specified in the Note, this Mortgage or the other Security Documents; or by acceleration or call for payment as provided in the Note, hereunder or in the other Security Documents, or, in the case of Impositions, the last day upon which any charge may be paid without penalty and/or interest.
Due and Payable. The License Fees shall be due and payable to Licensor as follows: (i) the Company Guaranteed Minimum License Fee shall be paid ***; (ii) any overages based on Net Revenue above the Company Guaranteed Minimum License Fee and the Playboy Lifestyle Net Revenue Fee shall be ***. Any necessary adjustments thereto shall be made within thirty (30) days after the Company receives audited financial statements.
Due and Payable. Each Parallel Debt of a Relevant Obligor will become due and payable as and when one or more of the Principal Obligations of such Relevant Obligor become due and payable. Each Parallel Debt will be payable in the Currency or Currencies of the relevant Principal Obligations.
Due and Payable. Term Notes for which Lenders have accepted the Change of Control Purchase Offer and Term Notes which the Borrower has elected to redeem in accordance with Section 2.6(C) shall become due and payable at the Offer Price in cash in the same manner and with the same effect as if the Change of Control Purchase Date were the Maturity Date, anything therein or herein to the contrary notwithstanding and notwithstanding that the actual purchase thereof may be subsequent to the Change of Control Purchase Date, and from and after the Change of Control Purchase Date, if the money necessary to purchase or redeem the Term Notes shall have been deposited as provided in Section 2.6(D), interest on the Term Notes shall cease.
Due and Payable. Upon the occurrences of any such event of default, Lender at its option exercised by written notice to Borrower shall deem the principal under the Note, together with the interest and charges accrued thereon, become immediately due and payable.
Due and Payable when used with reference to any and all sums secured by this Deed of Trust shall mean due and payable, whether at the date of payment or at the date of maturity specified in the Credit Agreement or other Credit Documents after giving effect in all cases to applicable grace periods; or by acceleration or call for payment as provided in the Credit Agreement or other Credit Documents or this Deed of Trust; or, in the case of Impositions, the last day upon which any charge may be paid without penalty and/or interest.
Due and Payable. IPtimize Bridge Note Agreement
Due and Payable. The License Fees shall be due and payable to Licensor as follows: (i) the Company Guaranteed Minimum License Fee shall be paid in equal monthly installments within thirty (30) days after the end of the respective month; (ii) any overages based on Net Revenue above the Company Guaranteed Minimum License Fee and the Playboy Lifestyle Net Revenue Fee shall be calculated at the end of each fiscal quarter and paid within thirty (30) days thereafter. Any necessary adjustments thereto shall be made within thirty (30) days after the Company receives audited financial statements.