Common use of Evidence of Loans; Notes Clause in Contracts

Evidence of Loans; Notes. The Borrower’s obligation to repay the Loans shall be evidenced by Term Credit Notes if requested by each Lender, one such payable to the order of each such Lender. The Note of each Lender shall (i) be in the principal amount of such Xxxxxx’s Commitment, (ii) be dated the Effective Date (or the effective date on which such Xxxxxx becomes a Lender hereunder) and (iii) be stated to mature on the Maturity Date and bear interest from its date until maturity on the principal balance (from time to time outstanding thereunder) payable at the rates and in the manner provided herein. Each Lender is authorized to indicate upon the grid attached to its Note all Loans made by it pursuant to this Agreement, interest elections and payments of principal and interest thereon. Such notations shall be presumptive, absent manifest error, as to the aggregate unpaid principal amount of all Loans made by such Lender, and interest due thereon, but the failure by any Lender to make such notations or the inaccuracy or incompleteness of any such notations shall not affect the obligations of the Borrower hereunder or under the Term Credit Notes.

Evidence of Loans; Notes. The Borrower’s obligation to repay the Loans shall be evidenced by Term Credit Notes if requested by each Lender, one such payable to the order of each such Lender. The Note of each Lender shall (i) be in the principal amount of such Xxxxxx’s Commitment, (ii) be dated the Effective Date (or the effective date on which such Xxxxxx becomes a Lender hereunder) and (iii) be stated to mature on the Maturity Date and bear interest from its date until maturity on the principal balance (from time to time outstanding thereunder) payable at the rates and in the manner provided herein. Each Lender is authorized to indicate upon the grid attached to its Note all Loans made by it pursuant to this Agreement, interest elections and payments of principal and interest thereon. Such notations shall be presumptive, absent manifest error, as to the aggregate unpaid principal amount of all Loans made by such Lender, and interest due thereon, but the failure by any Lender to make such notations or the inaccuracy or incompleteness of any such notations shall not affect the obligations of the Borrower hereunder or under the Term Credit Notes.

Evidence of Loans; Notes. The Borrower’s obligation to repay the Loans shall be evidenced by Term Credit Notes if requested by each Lender, one such payable to the order of each such Lender. The Note of each Lender shall (i) be in the principal amount of such XxxxxxLender’s Commitment, (ii) be dated the Effective Date (or the effective date on which such Xxxxxx Lender becomes a Lender hereunder) and (iii) be stated to mature on the Maturity Date and bear interest from its date until maturity on the principal balance (from time to time outstanding thereunder) payable at the rates and in the manner provided herein. Each Lender is authorized to indicate upon the grid attached to its Note all Loans made by it pursuant to this Agreement, interest elections and payments of principal and interest thereon. Such notations shall be presumptive, absent manifest error, as to the aggregate unpaid principal amount of all Loans made by such Lender, and interest due thereon, but the failure by any Lender to make such notations or the inaccuracy or incompleteness of any such notations shall not affect the obligations of the Borrower hereunder or under the Term Credit Notes.