Capex Note Sample Clauses

Capex Note. The Capex Loans shall be evidenced by a Capex Note (together with any and all renewal, extension, modification or replacement notes executed by the Borrower and delivered to the Bank and given in substitution therefore, the “Capex Note”), duly executed by the Borrower and payable to the order of the Bank. At the time of the initial disbursement of a Capex Loan and at each time an additional Capex Loan shall be requested hereunder or a repayment made in whole or in part thereon, an appropriate notation thereof shall be made on the books and records of the Bank. All amounts recorded shall be, absent demonstrable error, conclusive and binding evidence of (i) the principal amount of the Capex Loans advanced hereunder, (ii) any unpaid interest owing on the Capex Loans, and (iii) all amounts repaid on the Capex Loans. The failure to record any such amount or any error in recording such amounts shall not, however, limit or otherwise affect the obligations of the Borrower under the Capex Note to repay the principal amount of the Capex Loans, together with all interest accruing thereon.
AutoNDA by SimpleDocs
Capex Note. The Capex Loan A Note and Capex Loan B Note shall have been duly executed and delivered to Agent by each Borrower.
Capex Note. The CAPEX Loan Facility and the joint and several obligation of the Borrowers to repay such Loan shall be evidenced by a single CAPEX Note payable to the order of the Lender. Such Note shall be dated the Amendment No.3 Effective Date and be duly and validly executed and delivered by the Borrowers.
Capex Note. The CapEx Loan shall be evidenced by the CapEx Note. At the time of the initial disbursement of a CapEx Loan advance and at each time any additional CapEx Loan advances shall be requested hereunder or a repayment made in whole or in part thereon, a notation thereof shall be made on the books and records of the Bank. All amounts recorded shall be, absent demonstrable error, conclusive and binding evidence of (i) the principal amount of the CapEx Loan advanced hereunder, (ii) any accrued and unpaid interest owing on the CapEx Loan, and (iii) all amounts repaid on the CapEx Loan. The failure to record any such amount or any error in recording such amounts shall not, however, limit or otherwise affect the joint and several obligations of the Borrowers under the CapEx Note to repay the principal amount of the CapEx Loan, together with all interest accruing thereon.
Capex Note. Except as set forth in Section 2.6(d), Section 2.6(e) and Section 2.6(g), the outstanding principal balance of the CapEx Note shall bear interest at the CapEx Floating Rate. Interest accruing on the CapEx Note shall be due and payable in arrears on the first day of each month.
Capex Note. The Capex Loans and the obligation of Borrower to ---------- repay the Capex Loans shall be evidenced by the Capex Note, which shall be dated, executed and delivered as of the Agreement Date.
Capex Note. The outstanding principal balance of the CapEx Advances shall be due and payable as follows:
AutoNDA by SimpleDocs
Capex Note. The CapEx Loans made by Lenders and interest accruing thereon shall be evidenced by the records of Agent and each Lender and by the CapEx Note, which shall be executed by Borrower and delivered to Agent, on behalf of each Lender, on the First Amendment Closing Date. All outstanding principal amounts and accrued interest under the CapEx Note shall be due and payable as set forth in Section 4.3(a) hereof.
Capex Note. Intentionally omitted.
Capex Note. The outstanding principal balance of the CapEx Note shall be due and payable as follows:
Time is Money Join Law Insider Premium to draft better contracts faster.