Additional Promissory Notes Clause Samples
The "Additional Promissory Notes" clause establishes the conditions under which a borrower may be required to issue further promissory notes beyond the original note, typically in connection with additional advances or extensions of credit. This clause outlines the circumstances that trigger the issuance of new notes, such as incremental loan disbursements or refinancing arrangements, and may specify the terms that these additional notes must follow. Its core practical function is to provide a clear mechanism for documenting and evidencing new or increased debt obligations, thereby ensuring both parties have a formal record of any expanded borrowing under the agreement.
Additional Promissory Notes. All references to the term "Notes" as utilized in the Environmental Agreement shall hereinafter be deemed to refer collectively to those certain Substitution Revolving Promissory Notes and Revolving Promissory Notes all of even date herewith from Borrower to each of the Lenders, as applicable.
Additional Promissory Notes. All references to the term "Notes" as utilized in the Assignment of Contracts shall hereinafter be deemed to refer collectively to those certain Substitution Revolving Promissory Notes and Revolving Promissory Notes all of even date herewith from Borrower to each of the Lenders.
Additional Promissory Notes. Com21 Israel agrees to pay to Seller any amounts paid, whether applicable to principal amounts under the notes or Linkage (as defined therein), to Com21 Israel, or Nasan or its affiliates, by Gid▇▇ ▇▇▇▇▇ ▇▇d Dav▇▇ ▇▇▇▇▇ ▇▇rsuant to such notes by and between such individuals and GADline, Ltd., each such note dated July 1, 2000.