Acquisition Note Sample Clauses

Acquisition Note. Each Lender's Acquisition Loans and the joint and several obligation of the Borrowers to repay such Acquisition Loans shall also be evidenced by an Acquisition Note payable to the order of such Lender. Each Acquisition Note shall be dated the Effective Date (or later "effective date" under any Assignment and Acceptance) and be duly and validly executed and delivered by the Borrowers.

Acquisition Note. The Borrowers, the Guarantors and the Bank specifically agree that the aggregate of advances made during the term of Acquisition Note will not exceed the original principal amount thereof. The Acquisition Note is an advancing term note with a commitment term through May 21, 2010 and the Bank will have no obligation to fund any advances under the Acquisition Note after such commitment term, unless renewed and extended in writing and on such terms as may be determined by the Bank. Advances under the Acquisition Note will be separately represented as a Tranche on a schedule to the Acquisition Note specifying the number of the Tranche, amount advanced, the date of advance, applicable WSJ Prime Rate and final maturity of such advance. The portion of the Loan to be made under each Tranche of the Acquisition Note will be payable on the following terms:

Acquisition Note. From Closing Date and continuing at all ---------------- times through September 15, 2002 (the "Revolving Credit Period") the Loan evidenced by the Acquisition Note shall be a revolving credit facility which will allow the Borrower to request such amounts as Borrower may elect from time to time (each such amount being herein called an "Advance") so long as the aggregate amount of Advances outstanding at any time under the Acquisition Note does not exceed Ten Million and NO/100 Dollars ($10,000,000.00) provided however, the minimum Advance must be at least $500,000.00. The Borrower shall have the right to borrow, repay, and borrow again under the credit facility. Interest shall be due and payable quarterly and shall accrue at the election of the Borrower (which election shall be made on the date of the first Advance) at either LIBOR plus 200 basis points or the Prime Rate. The outstanding principal balance of the Acquisition Note on September 15, 2002 shall convert to a term facility (the "Term Period") and shall be payable in accordance with the terms of the Acquisition Note.

Acquisition Note. The term "Acquisition Note" shall mean the Promissory Note from Borrower to Lender evidencing the Acquisition Commitment dated of even date herewith, which is in the original principal amount of Four Million Eight Hundred Sixty Five Thousand Dollars and No/100 ($4,865,000.00).

Acquisition Note. $486,111.11 Chicago, Illinois September 5, 1996 FOR VALUE RECEIVED, the undersigned, ABC RAIL PRODUCTS CORPORATION, a Delaware corporation ("Borrower"), hereby unconditionally promises to pay to the order of American National Bank and Trust Company of Chicago ("Lender") at the office of American National Bank and Trust Company of Chicago, ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇, for the account of Lender and in accordance with the provisions of the Amended and Restated Loan and Security Agreement dated as of August 7, 1996 among Borrower, ABC Deco Inc., the financial institutions listed on Schedule 1 thereto (together with their respective successors and assigns, the "Lenders") and American National Bank and Trust Company of Chicago acting as agent for the Lenders (in such capacity, the "Agent"), as amended, modified or supplemented from time to time (the "Loan Agreement"), in lawful money of the United States of America and in immediately available funds, the principal sum of Four Hundred Eighty-Six Thousand One Hundred Eleven Dollars and Eleven Cents ($486,111.11), or, if less, the aggregate unpaid principal amount of all Acquisition Loans (as defined in the Loan Agreement) made by Lender to Borrower. This Note is referred to in and was executed and delivered pursuant to the Loan Agreement, to which reference is hereby made for a statement of the terms and conditions under which the loans evidenced hereby were made and are to be repaid. All terms which are capitalized and used herein (which are not otherwise specifically defined herein) and which are defined in the Loan Agreement shall be used in this Note as defined in the Loan Agreement. Borrower further promises to pay interest at said office on the unpaid principal amount hereof from time to time outstanding at the rates and on the dates specified in the Loan Agreement. Interest shall be calculated on the basis of a 360-day year for the actual number of days elapsed. Subject to the provisions contained in the Loan Agreement relating to the determination of Interest Periods for LIBOR Rate Advances, if any payment hereunder becomes due and payable on a day other than a Business Day, the due date thereof shall be extended to the next succeeding Business Day, and interest shall be payable thereon during such extension at the applicable rate specified in the Loan Agreement. In no contingency or event whatsoever shall interest charged hereunder, however such interest may be characterized or comput...

Acquisition Note. The Acquisition Note, duly executed by Borrower, which Acquisition Note shall be deemed delivered as of the date all of the other conditions precedent set forth in this Section 4.1 have been met;

Acquisition Note. 1 1.3 Advance....................................................................................... 1 1.4

Acquisition Note. The Acquisition Loan shall be evidenced by a promissory note in the form attached hereto as EXHIBIT B (the "Acquisition Note").

Acquisition Note. Subject to the terms and conditions of this Agreement, as amended by the Fifth Amendment, the term "Acquisition Note" shall henceforth mean that certain promissory note by the Borrower in the principal amount of $2,948,658.96 (the "Acquisition Note"), dated September 29, 1999, payable to the order of the Bank, with a final maturity of January 20, 2000, and bearing interest at the Base Rate plus 3% (effective September 13, 1999). The parties acknowledge that the Acquisition Note, as described in the indented paragraph above, evidences a renewal and refinancing as a term loan of the "Acquisition Note" dated March 29, 1999 by the Borrower in the principal amount of $7,937,889.00.