Repayment of the Obligations. The Borrower shall repay in full the aggregate outstanding Obligations on the Termination Date.
Repayment of the Obligations is secured by the Collateral described in the Loan Agreement and in an Intellectual Property Security Agreement. The Loan Agreement, such Intellectual Property Security Agreement and all other documents evidencing or securing the Obligations are called the "Existing Loan Documents" herein. The parties hereto hereby agree as follows:
Repayment of the Obligations of the Borrower shall be secured by a guaranty by Xxxxxxx X. Xxxxxx (the "Guarantor"), pursuant to a guaranty agreement, in form satisfactory to the Lender; provided, however, such guaranty shall be limited to one-third of the total amount outstanding under the Loan.
Repayment of the Obligations i. The Borrower shall continue to make all payments of principal, accrued and unpaid interest, fees, and other amounts owed under the Loan Documents as and when due; and
Repayment of the Obligations. 6. From and after the execution of this Agreement, interest shall accrue upon, and the Borrower shall repay, the Obligations as follows:
Repayment of the Obligations. From and after the execution of this Seventh Amendment the Obligations shall be paid, as follows:
Repayment of the Obligations. 7. The payment schedule set forth in the Forbearance Agreement is hereby superseded and replaced by the provisions of this Section 7. From and after the execution of this Agreement, the Borrower shall make monthly payments, which payments shall (unless otherwise indicated below) be applied first to accrued but unpaid interest and then to the principal balance of the Obligations, in the amount of $100,000 per month on or before the 15th day of each month (or the next Business Day thereafter) (each, a “Payment Date”), commencing in April 2013 and continuing on each successive month thereafter, of $100,000, less the amount, if any, of any Conversion Amount credited by Lender, as Holder of the Consolidated Debenture, since the last preceding Payment Date in accordance with the terms of the Consolidated Debenture to reduction of the Principal, Prior Interest, and/or accrued, but unpaid interest under the Consolidated Debenture. Any Conversion Amount credited by Lender during any month preceding a Payment Date in excess of $100,000 shall be applied to the next succeeding monthly payment(s). Notwithstanding anything to the contrary set forth herein, upon transfer or assignment of any portion of the Consolidated Debenture by the Lender to a third party who is unaffiliated with the Lender, Borrower shall continue to make the payments due under the Consolidated Debenture to Lender, which shall be solely responsible for payments to such transferee or assignee.
Repayment of the Obligations. All of the Obligations shall be payable by Borrower to Finova upon the earliest of (a) the receipt by Finova or Borrower of any collections or proceeds of any of the Collateral, to the extent of such collections or proceeds, (b) the occurrence of an Event of Default in consequence of which Finova elects to accelerate the maturity and payment of the Obligations or (c) termination of the Loan Agreement pursuant to Section 3.1 or Section 3.2; provided, however, that any portion of the Obligations payable on demand under any of the Loan Documents shall be paid on demand.
Repayment of the Obligations. In the event of Borrower's timely full repayment of the Obligations, and provided that Borrower is or was not otherwise in default under this Loan Agreement which default has not been or was not timely cured (in which event, Lender shall be entitled to exercise its rights as otherwise set forth in this Loan Agreement in addition to Lender being entitled to retain as its sole property and/or to sell the Collateral, to the extent Lender has not already exercised its rights under Section 3.1, free and clear of any encumbrances or any claims by Borrower), Lender shall return the Collateral to Borrower, provided however that should the value of the Collateral then be greater than the value of the Collateral at Closing, at the option of Borrower, either Lender shall be entitled to retain as its sole property that portion of the Collateral that is equal in value to one hundred percent (100%) of any appreciation in the value of the Collateral over the value at Closing, or Borrower shall pay Lender in cash or Collateral an amount equal in value to one hundred percent (100%) of any appreciation in the value of the Collateral over the value at Closing.
Repayment of the Obligations. All of the Obligations shall be payable by Borrowers to Fremont upon the earliest of (a) the receipt by Fremont or a Borrower of any collections or proceeds of any of the Collateral, to the extent of such collections or proceeds, (b) the occurrence of an Event of Default in consequence of which Fremont elects to accelerate the maturity and payment of the Obligations or (c) termination of the Loan Agreement pursuant to Section 3.1 or Section 3.2; provided, however, that any portion of the Obligations payable on demand under any of the Loan Documents shall be paid on demand. Any outstanding Term Loans shall be due and payable upon termination of the Loan Agreement.
