Common use of Acquisition Notes Clause in Contracts

Acquisition Notes. Each Acquisition Loan shall be evidenced by a duly executed promissory note of the Borrower to each Lender in substantially the form of Exhibit F ("Acquisition Note"). Each Acquisition Note shall provide for consecutive equal quarterly installments of principal in an amount equal to the original principal amount of the Acquisition Note, divided by twenty (20) and shall have a maturity date as of the date of the twentieth quarterly payment date. Each Acquisition Note shall bear interest at the Adjusted Base Rate or the Adjusted Eurodollar Rate as in effect from time to time for Term Notes, such rates to be determined in accordance with the procedures set forth in Sections 2.4(c) and (d) hereof.

Appears in 1 contract

Sources: Credit Agreement (Kendle International Inc)

Acquisition Notes. Each Acquisition Loan shall be evidenced by a duly executed promissory note of the Borrower to each Lender in substantially the form of Exhibit F G ("Acquisition NoteACQUISITION NOTE"). Each Acquisition Note shall provide for consecutive equal quarterly installments of principal in an amount equal to the original principal amount of the Acquisition Note, divided by twenty (20) the number of fiscal quarters occurring between the Acquisition Loan Effective Date and shall have a maturity date as of ending on, and including, the date of the twentieth quarterly payment dateTerm Maturity Date. Each Acquisition Note shall bear interest at the Adjusted Base Rate or the Adjusted Eurodollar Rate as in effect from time to time for Term Notes, such rates to be determined in accordance with the procedures set forth in Sections 2.4(c) and (d) hereof.

Appears in 1 contract

Sources: Credit Agreement (Kendle International Inc)