Common use of UPON DEMAND Clause in Contracts

UPON DEMAND. At the election of the Bank, upon demand, all outstanding Obligations shall be due and payable upon the occurrence of an Event of Default (other than any Event of Default described in Sections 6.5 or 6.6, for which no notice is necessary), and the Borrower shall pay all such Obligations to the Bank.

Appears in 8 contracts

Samples: Revolving Line of Credit Agreement (WFS Financial Inc), Credit Agreement (Westcorp /Ca/), Revolving Line of Credit Agreement (WFS Financial Inc)

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