Common use of Payable Upon Demand Clause in Contracts

Payable Upon Demand. To the extent that any of the Indebtedness is payable upon demand, nothing contained in this Agreement or any other Loan Document shall be construed to prevent the Bank from making demand, without notice and with or without reason, for immediate payment of all or any part of such Indebtedness at any time or times, whether or not a Default or an Event of Default has occurred.

Appears in 1 contract

Sources: Senior Secured Credit Agreement (Dovebid Inc)

Payable Upon Demand. To the extent that any of the Indebtedness is ------------------- payable upon demand, nothing contained in this Agreement or any other Loan Document document contemplated hereby shall be construed to prevent the Bank from making demand, without notice and with or without reason, for immediate payment of all or any part of such Indebtedness at any time or times, whether or not a Default or an Event of Default has occurred.

Appears in 1 contract

Sources: Revolving Credit Loan Agreement (Symmetricom Inc)

Payable Upon Demand. To the extent that any of the Indebtedness is payable upon demand, nothing contained in this Agreement or any other Loan Document document contemplated hereby shall be construed to prevent the Bank from making demand, without notice and with or without reason, for immediate payment of all or any part of such Indebtedness at any time or times, whether or not a Default or an Event of Default has occurred.

Appears in 1 contract

Sources: Secured Loan Agreement (Hilite Industries Inc)