Common use of Termination; Repayment Clause in Contracts

Termination; Repayment. Borrower shall make monthly payments of interest commencing on the first (1st) Payment Date following the Funding Date of any Revolving Advance, and continuing on the Payment Date of each successive month thereafter so long as any Revolving Advances remain outstanding. In the event that a Streamline Period is not in effect, Borrower shall make payment of interest monthly consistent with the foregoing sentence and repay the principal amount of any Revolving Advance, together with any applicable accrued and unpaid interest, upon collection of the specific Eligible Receivable financed by such Revolving Advance. The Revolving Line terminates on the Revolving Line Maturity Date, when the principal amount of all Revolving Advances, the unpaid interest thereon, and all other Obligations relating to the Revolving Line shall be immediately due and payable.