Common use of Bid Notes Clause in Contracts

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 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 refutable 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.