Common use of Scheduled Mandatory Payments Under Consolidation Note Clause in Contracts

Scheduled Mandatory Payments Under Consolidation Note. 3.1.1 On or before September 30, 2005, Borrower shall pay to GECC, and Parent shall cause Borrower to pay to GECC, and GECC shall have received payment in full, in immediately available funds, of the entire amount of both the CF Obligations and the EF Obligations, as determined by CF and EF and in accordance with the GECC Documents. Such payment shall permanently reduce such obligations, and upon receipt of such payment in full CF shall have no further obligation to make advances or otherwise extend credit to Borrower.

Appears in 3 contracts

Samples: Letter Agreement, Letter Agreement (Southland Health Services, Inc.), Letter Agreement (BAD TOYS Holdings, Inc.)

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Scheduled Mandatory Payments Under Consolidation Note. 3.1.1 On or before September 30October 31, 2005, Borrower shall pay to GECC, and Parent shall cause Borrower to pay to GECC, and GECC shall have received payment in full, in immediately available funds, of the entire amount of both the CF Obligations and the EF Obligations, as determined by CF and EF and in accordance with the GECC Documents. Such payment shall permanently reduce such obligations, and upon receipt of such payment in full CF shall have no further obligation to make advances or otherwise extend credit to Borrower.

Appears in 2 contracts

Samples: Letter Agreement (BAD TOYS Holdings, Inc.), Letter Agreement (Southland Health Services, Inc.)

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Scheduled Mandatory Payments Under Consolidation Note. 3.1.1 On or before September November 30, 2005, Borrower shall pay to GECC, and Parent shall cause Borrower to pay to GECC, and GECC shall have received payment in full, in immediately available funds, of the entire amount of both the CF Obligations and the EF Obligations, as determined by CF and EF and in accordance with the GECC Documents. Such payment shall permanently reduce such obligations, and upon receipt of such payment in full CF shall have no further obligation to make advances or otherwise extend credit to Borrower.

Appears in 2 contracts

Samples: Letter Agreement (Southland Health Services, Inc.), Letter Agreement (BAD TOYS Holdings, Inc.)

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