Common use of Mandatory Loan Repayments Clause in Contracts

Mandatory Loan Repayments. If at any time the aggregate principal amount of the outstanding Advances shall exceed the applicable Borrowing Base, Borrower, immediately upon written or oral notice from Lender, shall pay to Lender an amount equal to the difference between the outstanding principal balance of the Advances and the Borrowing Base. On the Expiration Date, Borrower shall pay to Lender in full the aggregate unpaid principal amount of all Advances then outstanding and all accrued unpaid Interest, together with all other applicable fees, costs and charges, if any, not yet paid.

Appears in 3 contracts

Samples: Loan Agreement (PDS Financial Corp), Loan Agreement (Credit Concepts Inc), Loan Agreement (PDS Financial Corp)

AutoNDA by SimpleDocs

Mandatory Loan Repayments. If at any time the aggregate principal amount of the outstanding Advances shall exceed the applicable Borrowing Base, Borrower, immediately upon written or oral notice from Lender, shall pay to Lender an amount equal to the difference between the outstanding principal balance of the Advances and the Borrowing Base. On the Expiration Date, Borrower shall pay to Lender in full the aggregate unpaid principal amount of all Advances then outstanding and all accrued unpaid Interestinterest, together with all other applicable fees, costs and charges, if any, not yet paid.

Appears in 1 contract

Samples: Loan Agreement (SHC Corp)

Mandatory Loan Repayments. If at any time the aggregate principal amount of the outstanding Advances shall exceed the applicable Borrowing Base, Borrower, immediately upon written or oral notice from Lender, shall pay to Lender an amount equal to the difference between the outstanding principal balance of the Advances and the Borrowing Base. On the Expiration Date, Borrower shall pay to Lender in full the aggregate unpaid principal amount of all Advances then outstanding and all accrued unpaid Interestinterest, together with all other applicable fees, costs and charges, if any, not yet paid.

Appears in 1 contract

Samples: Loan Agreement (Incomnet Inc)

Mandatory Loan Repayments. If at any time the aggregate principal amount of the outstanding Advances shall exceed the applicable Borrowing Base, Borrower, immediately upon written or oral notice from Lender, shall pay to Lender an amount equal to the difference between the outstanding principal balance of the Advances and the Borrowing Base. On the Expiration Date, Borrower shall pay to Lender in full the aggregate unpaid principal amount of all Advances then outstanding and all accrued unpaid Interestinterest, together with all other applicable fees, costs and charges, if any, not yet paid.

Appears in 1 contract

Samples: Loan Agreement (Shoe Pavilion Inc)

Mandatory Loan Repayments. If at any time the aggregate principal amount of the outstanding Advances shall exceed the applicable Borrowing Base, Borrower, immediately upon written or oral notice from Lender, shall pay to Lender an amount equal to the difference between the outstanding principal balance of the Advances and the Borrowing Base. On the Expiration Date, Borrower shall pay to Lender in full the aggregate unpaid principal amount of all Advances then outstanding and all accrued unpaid Interestinterest, together with all other applicable fees, : costs and charges, if any, not yet paid.

Appears in 1 contract

Samples: Business Loan Agreement (Marketing Worldwide Corp)

AutoNDA by SimpleDocs

Mandatory Loan Repayments. If at any time the aggregate principal amount of the outstanding Advances shall exceed the applicable Borrowing Base, BorrowerBorrower immediately, immediately upon written or oral notice from Lender, shall pay to Lender an amount equal to the difference between the outstanding principal balance of the Advances and the Borrowing Base. On the Expiration Date, Borrower shall pay to Lender in full the aggregate unpaid principal amount of all Advances then outstanding and all accrued unpaid Interestinterest, together with all other applicable fees, costs and charges, if any, not yet paid.

Appears in 1 contract

Samples: Bankboston Business Loan Agreement (Embedded Support Tools Corp)

Mandatory Loan Repayments. If at any time the aggregate principal amount of the outstanding Advances shall exceed the applicable Borrowing Base, Borrower, immediately upon written or oral notice from Lender, shall pay to Lender an amount equal to the difference between the outstanding principal balance of the Advances and the Borrowing Base. On the Expiration Date, Borrower shall pay to Lender in full the aggregate unpaid principal amount of all Advances then outstanding and all accrued unpaid Interestinterest, together with all other applicable fees, costs and charges, if any, not yet paid.. LOAN

Appears in 1 contract

Samples: Loan Agreement (Cutter & Buck Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.