Common use of Payments on Notes Clause in Contracts

Payments on Notes. Duly and punctually pay the principal and interest on the Notes, in accordance with the terms of this Agreement and of the Notes, and pay all other Debt of Borrower reflected on the financial statements delivered to Bank and referred to in Sections 5.5 and 6.5 hereof and all other Debt incurred after the date hereof in accordance with the terms of such Debt, it being understood, however, that this Section shall not be deemed to permit any Debt in violation of the provisions of Sections 7.1 and 7.2 hereof.

Appears in 1 contract

Sources: Loan Agreement (Levitt Corp)

Payments on Notes. Duly and punctually pay the principal and interest on the NotesNote, in accordance with the terms of this Agreement and of the NotesNote, and pay all other Debt of Borrower Borrowers reflected on the financial statements delivered to Bank and referred to in Sections Section 5.5 and 6.5 hereof and all other Debt incurred after the date hereof in accordance with the terms of such Debt, it being understood, however, that this Section shall not be deemed to permit any Debt in violation of the provisions of Sections 7.1 and 7.2 hereof.

Appears in 1 contract

Sources: Loan and Security Agreement (Innotrac Corp)

Payments on Notes. Duly and punctually pay the principal and interest on the Notes, in accordance with the terms of this Agreement and of the Notes, and pay all other Debt Liabilities of Borrower reflected on the financial statements delivered to Bank and referred to in Sections Section 5.5 and 6.5 hereof and all other Debt Liabilities incurred after the date hereof in accordance with the terms of such DebtLiabilities, it being understood, however, that this Section shall not be deemed to permit any Debt Liabilities in violation of the provisions of Sections 7.1 and 7.2 hereof.

Appears in 1 contract

Sources: Loan and Security Agreement (Color Imaging Inc)

Payments on Notes. Duly and punctually pay the principal and interest on the Notes, in accordance with the terms of this Agreement and of the Notes, and pay all other Debt of Borrower Obligors reflected on the financial statements delivered to Bank Agent Lender and referred to in Sections Section 5.5 and 6.5 hereof and all other Debt incurred after the date hereof in accordance with the terms of such Debt, it being understood, however, that this Section shall not be deemed to permit any Debt in violation of the provisions of Sections 7.1 and 7.2 hereof.

Appears in 1 contract

Sources: Loan and Security Agreement (Comtech Telecommunications Corp /De/)

Payments on Notes. Duly and punctually pay the principal and interest on the NotesNote(s), in accordance with the terms of this Agreement and of the NotesNote(s), and pay all other Debt of Borrower reflected on the financial statements delivered to Bank and referred to in Sections 5.5 and 6.5 hereof and all other Debt incurred after the date hereof in accordance with the terms of such Debt, it being understood, however, that this Section shall not be deemed to permit any Debt in violation of the provisions of Sections 7.1 7.1, 7.2 and 7.2 7.3 hereof.

Appears in 1 contract

Sources: Loan Agreement (Levitt Corp)