Common use of Payments to Travmed Clause in Contracts

Payments to Travmed. Immediately upon the occurrence of a Travmed Subordinated Debt Default, (i) Borrower shall not, and shall not permit any Subsidiary or Affiliate to, directly or indirectly, make any payment (including the payment of any proceeds of a Loan or the payment of proceeds of any Collateral) to Travmed, and (ii) BHF shall have no further obligation to make any Loans against the accounts receivable of Travmed and all accounts receivable of Travmed shall be immediately removed from the Revolving Borrowing Base Amount.

Payments to Travmed. Immediately upon the occurrence of a Travmed Subordinated Debt Default, (i) Borrower shall not, and shall not permit any Subsidiary or Affiliate to, directly or indirectly, make any payment (including the payment of any proceeds of a Loan or the payment of proceeds of any Collateral) to Travmed, and (ii) BHF shall have no further obligation to make any Loans against the accounts receivable of Travmed and all accounts receivable of Travmed shall be immediately removed from the Revolving Borrowing Base Amount..."

Payments to Travmed. Immediately upon the occurrence of a Travmed Subordinated Debt Default, (i) Borrower shall not, and shall not permit any Subsidiary or Affiliate to, directly or indirectly, make any payment (including the payment of any proceeds of a Loan or the payment of proceeds of any Collateral) to Travmed, and (ii) BHF Lender shall have no further obligation to make any Loans against the accounts receivable of Travmed and all accounts receivable of Travmed shall be immediately removed from the Revolving Borrowing Base Amount.

Payments to Travmed. Immediately upon the occurrence of a Travmed Subordinated Debt Default, (i) Borrower shall not, and shall not permit any Subsidiary or Affiliate to, directly or indirectly, make any payment (including the payment of any proceeds of a Loan or the payment of proceeds of any Collateral) to Travmed, and (ii) BHF Lender shall have no further obligation to make any Loans against the accounts receivable of Travmed and all accounts receivable of Travmed shall be immediately removed from the Revolving Borrowing Base Amount."