Payable Upon Demand Sample Clauses
The 'Payable Upon Demand' clause establishes that a payment obligation becomes due immediately when the payee requests it, without the need for further conditions or waiting periods. In practice, this means that as soon as the party entitled to payment issues a formal demand, the other party must promptly fulfill the payment, regardless of any other timelines that might otherwise apply. This clause is commonly used in promissory notes or loan agreements to give the lender flexibility and control over when repayment is required, thereby ensuring swift access to funds and reducing uncertainty about payment timing.
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Payable Upon Demand. To the extent that any of the Obligations is payable upon demand, nothing contained in this Agreement or any document contemplated hereby shall be construed to prevent Bank from making demand, without notice and with or without reason, for immediate payment of all or any part of such Obligations at any time or times, whether or not a Default or an Event of Default has occurred.
Payable Upon Demand. To the extent that any of the Indebtedness is payable upon demand, nothing contained in this Agreement or any other Loan Document shall be construed to prevent the Bank from making demand, without notice and with or without reason, for immediate payment of all or any part of such Indebtedness at any time or times, whether or not a Default or an Event of Default has occurred.
Payable Upon Demand. All amounts described in this Section 11.3 shall be payable promptly after written demand therefor.
Payable Upon Demand. To the extent that any of the Indebtedness is payable upon demand, nothing contained in this Agreement or any document contemplated hereby shall be construed to prevent the Agent from making demand, with or without reason, for immediate payment of all or any part of such Indebtedness at any time or times, whether or not a Default or an Event of Default has occurred.
Payable Upon Demand. The holder of this Note shall have the right, at its option, by notice in writing to the Borrower, to declare the entire unpaid principal balance of this Note, irrespective of the maturity date of this Note, together with accrued interest on this Note and any other charges owing to the Lender, and the same shall upon such notice forthwith become, due and payable.
Payable Upon Demand. The Line of Credit is payable upon demand. Nothing contained in this Agreement or any document contemplated hereby shall be construed to prevent the Bank from making demand, without notice and with or without reason, for immediate payment of all or any part of the Line of Credit at any time or times, whether or not a Default or an Event of Default has occurred.
Payable Upon Demand. 47 Section 10. Amendments and Waivers; Assignments, Participations, Etc. ........................ 47