Payment Immediately After Demand. The Obligor’s liability to make a payment under this Agreement shall arise immediately after demand for payment has been made in writing on the Obligor. In connection with any demand, the Lender may treat all Obligations as due and payable and may demand immediate payment from the Obligor of the total amount of its liabilities under this Agreement, whether or not all Obligations are otherwise due and payable at the time of demand.
Appears in 2 contracts
Sources: Guarantee and Indemnity (Yappn Corp.), Guarantee and Indemnity (Yappn Corp.)
Payment Immediately After Demand. The Obligor’s liability to make a payment under this Agreement shall arise immediately after demand for payment has been made in writing on the Obligor. In connection with any demand, the Lender Agent may treat all Obligations as due and payable and may demand immediate payment from the Obligor of the total amount of its liabilities under this Agreement, whether or not all Obligations are otherwise due and payable at the time of demand.
Appears in 1 contract
Sources: Credit Agreement (PHH Corp)