Common use of Delivery and Endorsement of Notes Clause in Contracts

Delivery and Endorsement of Notes. Simultaneously with the execution of this Agreement and in accordance with Section 2.4, Administrative Agent shall deliver to each Bank the Note, if any, payable to such Bank. Each Bank may record (and prior to any transfer of its Note shall record) on the schedule attached to its Note appropriate notations to evidence the date and amount of each advance of funds made by it in respect of any Borrowing, the Interest Period (if any) applicable thereto, and the date and amount of each payment of principal received by such Bank with respect to the Loans; provided that the failure by any Bank to so record its Note shall not affect the liability of Borrower for the repayment of all amounts outstanding under such Notes together with interest thereon. Each Bank is hereby irrevocably authorized by Borrower to record such notations on its Note and to attach to and make a part of any Note a continuation of any such schedule as required.

Appears in 5 contracts

Samples: Credit Agreement (Sitio Royalties Corp.), Credit Agreement (Brigham Minerals, Inc.), Credit Agreement (Brigham Minerals, Inc.)

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Delivery and Endorsement of Notes. Simultaneously with the execution of this Agreement and in accordance with Section 2.4Agreement, Administrative Agent shall deliver to each Bank the Note, if any, Note payable to such Bank. Each Bank may record endorse (and prior to any transfer of its Note shall recordendorse) on the schedule schedules attached to its Note and forming a part thereof appropriate notations to evidence the date and amount of its Commitment Percentage of each advance Borrowing and type of funds each Loan made by it in respect of any Borrowingit, the Interest Period (if any) applicable thereto, and the date and amount of each payment of principal received made by such Bank Borrower with respect to the Loansthereto; provided that the failure by any Bank to so record endorse its Note shall not affect the liability of Borrower for the repayment of all amounts outstanding under such Notes Note together with interest thereon. Each Bank is hereby irrevocably authorized by Borrower to record such notations on endorse its Note and to attach to and make a part of any Note a continuation of any such schedule as required.

Appears in 3 contracts

Samples: Credit Agreement (Exco Resources Inc), Credit Agreement (Exco Resources Inc), Credit Agreement (Venus Exploration Inc)

Delivery and Endorsement of Notes. Simultaneously with the execution of this Agreement and in accordance with Section 2.4Agreement, Administrative Agent shall deliver to each Bank the Note, if any, Note or Notes payable to such Bank. Each Bank may record endorse (and prior to any transfer of its Note shall recordendorse) on the schedule attached to its Note appropriate notations to evidence the date and amount of each advance of funds made by it in respect of any Borrowing, the Interest Period (if any) applicable thereto, and the date and amount of each payment of principal received by such Bank with respect to the Loans; provided that the failure by any Bank to so record endorse its Note shall not affect the liability of Borrower for the repayment of all amounts outstanding under such Notes together with interest thereon. Each Bank is hereby irrevocably authorized by Borrower to record such notations on endorse its Note and to attach to and make a part of any Note a continuation of any such schedule as required.

Appears in 3 contracts

Samples: Credit Agreement (Laredo Petroleum - Dallas, Inc.), Credit Agreement (Laredo Petroleum Holdings, Inc.), Credit Agreement (Laredo Petroleum, Inc.)

Delivery and Endorsement of Notes. Simultaneously with the execution of this Agreement and in accordance with Section 2.4Agreement, Administrative Agent shall deliver to each Bank the Note, if any, Note payable to such Bank. Each Bank may record endorse (and prior to any transfer of its Note shall recordendorse) on the schedule schedules attached to its Note and forming a part thereof appropriate notations to evidence the date and amount of its Commitment Percentage of each advance Borrowing and type of funds each Loan made by it in respect of any Borrowingit, the Interest Period (if any) applicable thereto, and the date and amount of each payment of principal received made by such Bank Borrower with respect to the Loansthereto; provided that the failure by any Bank to so record endorse its Note shall not affect the liability of Borrower for the repayment of all amounts outstanding under such Notes Note together with interest thereon. Each Bank is hereby irrevocably authorized by Borrower to record such notations on endorse its Note and to attach to and make a part of any Note a continuation of any such schedule as required.

Appears in 1 contract

Samples: Credit Agreement (Exco Resources Inc)

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Delivery and Endorsement of Notes. Simultaneously with the execution of this Agreement and in accordance with Section 2.4Agreement, Administrative Agent shall deliver to each Bank the Note, if any, Notes payable to such Bank. Each Bank may record endorse (and prior to any transfer of its Note Notes shall recordendorse) on the schedule schedules attached to its Note and forming a part thereof appropriate notations to evidence the date and amount of its Commitment Percentage of each advance of funds made by it in respect of any Borrowing, the Interest Period (if any) applicable thereto, and the date and amount of each payment of principal received made by such Bank Borrower with respect to the Loansthereto; provided PROVIDED that the failure by any Bank to so record endorse its Note Notes shall not affect the liability of Borrower for the repayment of all amounts outstanding under such Notes together with interest thereon. Each Bank is hereby irrevocably authorized by Borrower to record such notations on endorse its Note Notes and to attach to and make a part of any Note Notes a continuation of any such schedule as required.

Appears in 1 contract

Samples: Credit Agreement (Quicksilver Resources Inc)

Delivery and Endorsement of Notes. Simultaneously with Immediately after the execution of this Agreement and in accordance with Section 2.4Agreement, Administrative Agent shall deliver to each Bank the Note, if any, Note payable to such Bank and the Facility Guaranty for the benefit of such Bank. Each Bank may record endorse (and prior to any transfer of its Note shall recordendorse) on the schedule schedules attached to its Note and forming a part thereof appropriate notations to evidence the date and amount of its Commitment Percentage of each advance of funds made by it in respect of any Borrowing, the Interest Period (if any) applicable thereto, and the date and amount of each payment of principal received made by such Bank Borrower with respect to the Loansthereto; provided that the failure by any Bank to so record endorse its Note shall not affect the liability of Borrower for the repayment of all amounts outstanding under such Notes Note together with interest thereon. Each Bank is hereby irrevocably authorized by Borrower to record such notations on endorse its Note and to attach to and make a part of any Note a continuation of any such schedule as required.

Appears in 1 contract

Samples: Credit Agreement (Mariner Energy Inc)

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