Common use of Borrower’s Note Clause in Contracts

Borrower’s Note. Borrower's obligation to pay the principal of and interest on the Loan and all other amounts due under the Loan Documents shall be evidenced by the Note, duly executed and delivered by Borrower on the Closing Date. The Note shall be payable as to principal, interest and all other amounts due under the Loan Documents, as specified in this Agreement, with a final maturity on the Maturity Date. The Agent and the Collateral Agent are hereby authorized to endorse on the schedule attached to the Note (or on a continuation of such schedule attached to the Note and made a part thereof) an appropriate notation evidencing the date and amount of each payment of principal, interest or other amounts due under the Loan Documents, in respect thereof. Such schedule shall, absent manifest error, constitute prima facie evidence of the accuracy of the information contained therein. The failure of the Agent or the Collateral Agent to make a notation on the schedule to the Note as aforesaid shall not affect the obligations of Borrower hereunder or under the Note or any other Loan Document in any respect. The Agent shall have the right to have the Note subdivided, by exchange for promissory notes of lesser denominations or otherwise, upon written request to the Borrower and, in such event, the Borrower shall promptly execute additional or replacement Notes (the Agent agreeing to return or cause to be returned any superseded original promissory notes to the Borrower prior to or contemporaneously with the delivery of the replacement or additional Note); PROVIDED, that the Borrower shall not incur any additional cost or liability in connection with such subdivision in excess of that contemplated by the original Note. At no time shall the aggregate original principal amount of the Note exceed the Loan Amount.

Borrower’s Note. Borrower's obligation to pay the principal of and interest on the Loan and all other amounts due under the Loan Documents shall be evidenced initially by the Note, duly executed and delivered by Borrower on the Closing Date. The Note shall be payable as to principal, interest and all other amounts due under the Loan Documents, as specified in this Agreement, with a final maturity on the Maturity Date. The Agent and the Collateral Agent are Each Lender is hereby authorized to endorse on the schedule attached to the Note (or on a continuation of such schedule attached to the Note and made a part thereof) an appropriate notation evidencing the date and amount of the Loan and each payment of principal, interest or other amounts due under the Loan Documents, in respect thereof. Such schedule shall, absent manifest error, constitute prima facie evidence of the accuracy of the information contained therein. The failure of the Agent or the Collateral Agent a Lender to make a notation on the schedule to the Note as aforesaid shall not affect the obligations of Borrower hereunder or to such Lender under the Note or any other Loan Document in any respect. The Agent initial Lender shall have the right to have the Note subdivided, by exchange for promissory notes of lesser denominations or otherwisein the form of the initial Note, upon written request to the Borrower and, in such event, the Borrower shall promptly execute additional or replacement Notes (the Agent agreeing to return or cause to be returned any superseded original promissory notes to the Borrower prior to or contemporaneously with the delivery of the replacement or additional Note); PROVIDED, that the Borrower shall not incur any additional cost or liability in connection with such subdivision in excess of that contemplated by the original NoteNotes. At no time shall the aggregate original principal amount of the Note (or of such replacement Notes) exceed the Loan Amount.