Bid Notes Sample Clauses
Bid Notes. On or before the date of such Bid Borrowing, but prior to such Bid Borrowing, the Agent shall have received a Bid Note payable to the order of such Lender for each of the one or more Bid Advances to be made by such Lender as part of such Bid Borrowing, in a principal amount equal to the principal amount of the Bid Advance to be evidenced thereby and otherwise on such terms as were agreed to for such Bid Advance in accordance with Section 2.5;
Bid Notes. The obligation of the applicable Borrower to repay the aggregate unpaid principal amount of the Bid Loans made to it by each Bank, together with interest thereon, shall be evidenced by a Bid Note dated as of the Closing Date payable to the order of such Bank in a face amount equal to the aggregate Revolving Credit Commitments of all of the Banks.
Bid Notes. The Bid Loans of each Bank shall be --------- evidenced by a Bid Note payable to the order of such Bank in the original principal amount of the Aggregate Commitment. Each Bank shall record in its records, or at its option on the schedule attached to its Bid Note, the date and amount of each Bid Loan made by such Bank, each repayment thereof, and the dates on which the Loan Period for such Loan shall begin and end. The aggregate unpaid principal amount so recorded shall be rebuttable presumptive evidence of the principal amount owing and unpaid on such Note. The failure to so record or any error in so recording any such amount or any payment thereof shall not, however, limit or otherwise affect the obligations of the Company hereunder or under such Bid Note to repay the principal amount of each Bid Loan together with all interest accruing thereon.
Bid Notes. The obligation of the Borrower to repay the aggregate unpaid principal amount of the Bid Loans made to it by each Revolving Credit Bank or its Designated Lender, as the case may be, together with interest thereon, shall be evidenced by a Bid Note dated as of the Closing Date payable to the order of such Revolving Credit Bank and a Bid Note dated as of the date of the applicable Designation Agreement in favor of the Designated Lender named in such Designation Agreement in a face amount equal to the aggregate Revolving Credit Commitments of all of the Banks.
Bid Notes. The Bid Loans of each Bank shall be evidenced by a Bid Note payable to the order of such Bank in the original principal amount of the Aggregate Commitment. Each Bank shall record in its records, or at its option on the schedule attached to
Bid Notes. The Bid Rate Loans of each Bank shall be evidenced by a Bid Note in the form of Exhibit A-1 in the principal amount of the original Total Commitment. Notwithstanding the principal amount of any Bank's Bid Note as stated on the face thereof, the amount of principal actually owing on such Bid Note at any given time shall be in the aggregate of all Bid Rate Loans theretofore made to Borrower by such Bank hereunder, less all payments of principal theretofore actually received hereunder by such Bank. Each Bank is authorized, but is not required, to endorse on the schedule attached to its Bid Note appropriate notations evidencing the date and amount of each Advance as well as the amount of each payment made by Borrower hereunder.
Bid Notes. The obligations to repay the Bid Loans and to pay interest thereon shall be evidenced by separate promissory notes to each Lender of the Borrowers in substantially the form of Exhibit F attached hereto (the "Bid Notes"), with appropriate insertions, one Bid Note being payable to the order of each Lender in a principal amount equal to the Maximum Bid Amount and representing the obligations of the Borrowers to pay to such Lender the Maximum Bid Amount or, if less, the aggregate unpaid principal amount of the Bid Loans made by such Lender hereunder, plus interest accrued thereon, as set forth herein. The Borrowers irrevocably authorize each Lender to make or cause to be made appropriate notations on its Bid Note, or on a record pertaining thereto, reflecting Bid Loans and repayments thereof. In the absence of manifest error, the outstanding amount of the Bid Loans set forth on such Lender's Bid Note or record shall be prima facie evidence of the principal amount thereof owing and unpaid to such Lender, but the failure to make such notation or record, or any error in such notation or record shall not limit or otherwise affect the obligations of the Borrowers hereunder or under any Bid Note to make payments of principal of or interest on any Bid Note when due.
Bid Notes. All Bid Loans made to either Borrower by a Bank shall be evidenced by a single joint and several promissory note of the Borrowers in the form of Exhibit E hereto (individually a "Bid Note" and collectively the "Bid Notes"), each such Bid Note to be payable to the order of the applicable Bank and otherwise in the form of Exhibit E hereto.