Common use of Payment of Additional Collateral Clause in Contracts

Payment of Additional Collateral. Payment of the Additional Collateral shall be made by bank wire to the account, or if applicable, the Digital Currency Address, specified in the Loan Confirmation or as otherwise notified to Borrower, or, if Lender has agreed, by a return or repayment of an amount of Loaned Assets such that the Value of the Collateral subject to all Loans will equal or exceed the aggregate Required Collateral Amount.

Appears in 5 contracts

Sources: Master Loan Agreement (Upexi, Inc.), Master Loan Agreement (Upexi, Inc.), Master Loan Agreement (MEI Pharma, Inc.)

Payment of Additional Collateral. Payment of the Additional Collateral shall be made by bank wire to the account, or if applicable, applicable the Digital Currency Address, specified in the Loan Confirmation Term Sheet or as otherwise notified to Borrower, or, if Lender has agreed, by a return or repayment of an the amount of Loaned Assets such that necessary to obtain the Value of the Collateral subject to all Loans will equal or exceed the aggregate Required Collateral AmountRatio. For any return of Loaned Assets made in accordance with this Section, Borrower is still responsible for payment of any Early Termination Fees that apply to the particular Loan.

Appears in 1 contract

Sources: Master Lender Agreement (Helius Medical Technologies, Inc.)