Demand by Xxxxxx. This is a “demand” loan agreement under which borrower is required to pay back in full the entire outstanding Loan Balance within 15 days of receiving a written demand from Lender or full repayment of the Loan Balance. Delivery of the written notice by Xxxxxx to Borrower via U.S. Postal Service Certified Mail shall constitute prima facie evidence of delivery.
Demand by Xxxxxx. The Holder shall have the right at its option to demand full or partial payment of principal and accrued interest under this Daily Note on any Business Day; provided, however, that upon a demand for partial payment, a minimum outstanding principal amount of $50 must be maintained.
Demand by Xxxxxx. In addition to the terms set forth herein, and in no manner imposing any limitation on such terms, if any of the Obligations under the Note or the Credit Agreement or the other Loan Documents are declared to be or otherwise becomes immediately due and payable due in whole or in part to the occurrence of a Material Adverse Event(s), then Guarantor, upon demand in writing therefor by Lender, shall promptly pay the Guaranty Obligations to Lender. Payment by Guarantor shall be made to Lender to be credited and applied to the Obligations, in immediately available funds in lawful money of the United States of America to an account designated by Lender or at the address set forth in the Credit Agreement or at any other address that may be specified in writing from time to time by Xxxxxx as provided herein. Any payment received by Lender with respect to the Loan or other Obligations shall reduce the Guaranty Obligations by the amount of such payment.
Demand by Xxxxxx. In addition to the terms set forth herein, and in no manner imposing any limitation on such terms, if any of the Obligations under the $50,000,000 Revolving Line of Credit Note or the Revolving Credit Agreement or the other $50,000,000 Revolving Line of Credit Loan Documents are declared to be or otherwise becomes immediately due and payable due in whole or in part to the occurrence of a Material Adverse Event(s), then Guarantor, upon demand in writing therefor by Lender, shall promptly pay the Guaranty Obligations to Lender. Payment by Guarantor shall be made to Lender to be credited and applied to the Obligations, in immediately available funds in lawful money of the United States of America to an account designated by Lender or at the address set forth in the Revolving Credit Agreement or at any other address that may be specified in writing from time to time by Xxxxxx as provided herein. Any payment received by Lender with respect to the $50,000,000 Revolving Line of Credit Loan or other Obligations shall reduce the Guaranty Obligations by the amount of such payment.
Demand by Xxxxxx. The Holder shall have the right at its option to demand full or partial payment of principal and accrued interest under this Daily Note on any Business Day; provided, however, that upon a demand for partial payment, a minimum outstanding principal amount of $50 must be maintained. Recordations of Additions or Partial Redemptions. Upon presentation of this Daily Note at a Place of Payment, the Issuer, or the Issuer's agent, will, for the Holder's convenience, record on the register that is a part hereof any adjustments to the original principal amount of this Daily Note, such as additional purchases or partial payments or redemptions.
Demand by Xxxxxx. In addition to the terms of the guaranty set forth in Section 2.1, and in no manner imposing any limitation on such terms, if the then outstanding principal amount of the Guaranteed Obligations under the Credit Agreement (together with all accrued interest thereon) is declared to be immediately due and payable (or automatically becomes immediately due and payable as provided in the Credit Agreement), then, Guarantor shall, upon demand by Lender, pay to Lender the entire outstanding Guaranteed Obligations due and owing to Lender, up to the then-applicable Guaranteed Amount. Payment by Guarantor shall be made to Lender, to be credited and applied upon the Guaranteed Obligations, in immediately available federal funds to an account designated by Xxxxxx, at the address set forth herein for the giving of notice to Lender or at any other address that may be specified in writing from time to time by Xxxxxx.
