Common use of DEMAND FEATURE Clause in Contracts

DEMAND FEATURE. If this Note contains a demand feature, then notwithstanding anything to the contrary contained in this Note, ▇▇▇▇▇▇'s rights with respect to the events of default identified above shall not be limited, restricted, impaired or otherwise adversely affected by the demand feature of this Note. ▇▇▇▇▇▇'s right to demand payment, at any time, and from time to time, shall be in ▇▇▇▇▇▇'s sole and absolute discretion, whether or not any default has occurred.

Appears in 2 contracts

Sources: Loan Agreement (Allsup Inc), Loan Agreement (Bumgarner Enterprises Inc)

DEMAND FEATURE. If this Note contains a demand feature, then notwithstanding anything to the contrary contained in this Note, Lend▇▇▇▇▇▇'s '▇ rights with respect to the events of default identified above shall not be limited, restricted, impaired or otherwise adversely affected by the demand feature of this Note. Lend▇▇'▇ ▇▇▇'s right ight to demand payment, at any time, and from time to time, shall be in Lend▇▇'▇ ▇▇▇'s sole ole and absolute discretion, whether or not any default has occurred.

Appears in 1 contract

Sources: Loan Agreement (Coral Systems Inc)

DEMAND FEATURE. If checked, this Note contains a demand feature, and then notwithstanding anything to the contrary contained in In this Note, ▇▇▇▇▇▇'s rights with respect to the events of default identified above shall not be limited, restricted, impaired Impaired or otherwise adversely affected by the demand feature of this Note. , ▇▇▇▇▇▇'s right to demand payment, at any time, time and from time to time, shall be in ▇▇▇▇▇▇Lender's sole and absolute discretion, whether or not any default has occurred.

Appears in 1 contract

Sources: Loan Agreement (FVNB Corp)

DEMAND FEATURE. If this Note contains a demand feature, then notwithstanding anything to the contrary contained in this Note, ▇▇▇▇▇▇Lender's rights with respect to the events of default identified above ▇▇▇▇▇ shall not be limited, restricted, impaired or otherwise adversely affected by the demand feature of this Note. ▇▇▇▇▇▇Lender's right to demand payment, at any time, time and from time to time, shall be in t▇▇▇, ▇▇hall be in Lender's sole and absolute discretion, whether or not any default has occurred.

Appears in 1 contract

Sources: Commercial Revolving or Draw Note (United Oilfield Services Inc)

DEMAND FEATURE. If this Note contains a demand feature, then notwithstanding anything to the contrary contained in this Note, ▇▇▇▇▇▇Lender's rights with respect to the events of default identified above shall abov▇ ▇▇▇▇l not be limited, restricted, impaired or otherwise adversely affected by the demand feature of this Note. ▇▇▇▇▇▇Lender's right to demand payment, at any time, time and from time to time, shall be in ▇▇▇▇▇▇▇ be in Lender's sole and absolute discretion, whether or not any default has occurred.

Appears in 1 contract

Sources: Commercial Revolving or Draw Note Variable Rate (United Oilfield Services Inc)