Common use of Obligation to Repay Clause in Contracts

Obligation to Repay. Subject to Section 10.01 hereof, Borrower shall repay the principal amount of the Term Loan, together with interest thereon, in accordance with the terms of this Agreement and the Note. Except where the time for payment has been set forth in this Section 2.02 or in the Note, Borrower shall pay all Obligations to Lender immediately upon demand.

Appears in 2 contracts

Sources: Convertible Loan and Security Agreement (Covol Technologies Inc), Convertible Loan and Security Agreement (Pacificorp /Or/)