Common use of NATURE OF THE CREDIT FACILITY Clause in Contracts

NATURE OF THE CREDIT FACILITY. 2.1 This credit facility shall be in the nature of a demand loan, payable by the Debtor to the Lender thirty (30) days after the Lender demands payment of the amounts advanced pursuant to this agreement;

NATURE OF THE CREDIT FACILITY. 2.1 This credit facility shall be in the nature of a demand loan, payable by the Debtor to the Lender thirty (30) days after the Lender Leader demands payment of the amounts advanced pursuant to this agreement;