Common use of Payment on Demand Clause in Contracts

Payment on Demand. Each of the Guarantors will pay and perform the Obligations and pay all other amounts payable by it to the Secured Parties or the Collateral Agent under this Guarantee, and the obligation to do so arises, immediately after demand for such payment or performance is made in writing to such Guarantor. The liabilities of each of the Guarantors bear interest from the date of such demand at the rate or rates of interest then applicable to the Obligations under and calculated in the manner provided in the Loan Documents (including any adjustment to give effect to the provisions of the Interest Act (Canada)).

Appears in 2 contracts

Samples: Security Agreement (Novelis Inc.), Security Agreement (Novelis Inc.)

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Payment on Demand. Each of the Guarantors The Guarantor will pay and perform the Obligations and pay all other amounts payable by it to the Agent and the other Secured Parties or the Collateral Agent under this Guarantee, and the obligation to do so arises, immediately after demand for such payment or performance is made in writing to such Guarantorit. The liabilities of each liability of the Guarantors bear Guarantor bears interest from the date of such demand at the rate or rates of interest then applicable to the Obligations under and calculated in the manner provided in the Loan Documents Credit Agreement (including any adjustment to give effect to the provisions of the Interest Act (Canada)).

Appears in 1 contract

Samples: Security Agreement (Gsi Group Inc)

Payment on Demand. Each of the Guarantors The Guarantor will pay and perform the Note Obligations and pay all other amounts payable by it to the Secured Parties Creditors or the Collateral Agent Trustee on behalf of the Creditors under this Guarantee, and the obligation to do so arises, immediately after demand for such payment or performance is made in writing to such Guarantorit. The liabilities of each liability of the Guarantors bear Guarantor bears interest from the date of such demand at the rate or rates of interest then applicable to the Note Obligations under and calculated in the manner provided in the Loan Indenture Documents (including any adjustment to give effect to the provisions of the Interest Act (Canada)).

Appears in 1 contract

Samples: Johnstone Tank Trucking Ltd.

Payment on Demand. Each of the Guarantors The Guarantor will pay and perform the Obligations and pay all other amounts payable by it to the Secured Parties or the Collateral Agent Creditors under this Guarantee, and the obligation to do so arises, immediately after demand for such payment or performance is made in writing to such Guarantorit. The liabilities of each liability of the Guarantors bear Guarantor bears interest from the date of such demand at the rate or rates of interest then applicable to the Obligations under and calculated in the manner provided in the Loan Credit Documents (including any adjustment to give effect to the provisions of the Interest Act (Canada)).

Appears in 1 contract

Samples: Guarantee (Cardero Resource Corp.)

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Payment on Demand. Each of the Guarantors The Guarantor will pay and perform the Obligations and pay all other amounts payable by it to the Secured Parties or the Collateral Agent Creditor under this Guarantee, and the obligation to do so arises, immediately after the occurrence of an Event of Default demand for such payment or performance is made in writing to such Guarantorit. The liabilities of each liability of the Guarantors bear Guarantor bears interest from the date of such demand at the rate or rates of interest then applicable to the Obligations under and calculated in the manner provided in the Loan Documents (including any adjustment to give effect to the provisions of the Interest Act (Canada)).

Appears in 1 contract

Samples: Guarantee and Support Agreement (Battle Mountain Gold Exploration Corp.)

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