Common use of Acquisition Notes Clause in Contracts

Acquisition Notes. The Acquisition Loans of each Lender shall be evidenced by a promissory note of the Borrower, substantially in the form of Exhibit A-2 with appropriate insertions as to payee, date and principal amount (an "Acquisition Note"), payable to the order of such Lender and representing the obligation of the Borrower to pay the amount of the Acquisition Loan made by such Lender. Each Lender is hereby authorized to record the date, Type and amount of its Acquisition Loan and the date and amount of each payment or prepayment of principal thereof and each Conversion of all or a portion thereof to another Type and, in the case of Eurodollar Loans, the Interest Period with respect thereto, on the schedule annexed to and constituting a part of its Acquisition Note, and any such recordation shall constitute prima facie evidence of the accuracy of the information so recorded; provided, that the failure of such Lender to make any such recordation shall not impair or otherwise affect the validity or enforceability of its Acquisition Note. Each Acquisition Note shall (a) be dated the Closing Date, (b) be stated to mature in installments in amounts equal to such Lender's Acquisition Loan Commitment Percentage of the amounts, and payable on the dates, calculated as set forth on Schedule 3.2, and (c) bear interest for the period from the date thereof on the unpaid principal amount thereof at the applicable interest rates per annum specified in Section 6. 1. Interest on the Acquisition Notes shall be payable on the dates specified in Section 6.1(d).