Common use of Equipment Note Clause in Contracts

Equipment Note. The obligations of Borrower in respect of the Equipment Loans and any interest accrued thereon shall be evidenced by a Promissory Note executed and delivered to Bank on the date hereof, in the face amount of $5,000,000 ("Equipment Note"). Borrower hereby irrevocably authorizes Bank to make appropriate notations on any Schedule attached to the Equipment Note, which notations, if made, shall evidence the date of, the outstanding principal of, and payments on the Equipment Loans evidenced thereby. Bank's notations on any Schedule attached to the Equipment Note shall constitute rebuttable presumptive evidence of the principal amount of Equipment Loans outstanding, but any failure to record any information on any such Schedule shall not limit or affect the obligations of Borrower hereunder or under the Equipment Note to make payments of principal or interest on the Equipment Loans when due.

Equipment Note. The obligations of Borrower in respect of the Equipment Loans and any interest accrued thereon shall be evidenced by a Promissory Note executed and delivered to Bank on the date hereof, in the face amount of $5,000,000 1,200,000 ("Equipment Note"). Borrower hereby irrevocably authorizes Bank to make appropriate notations on any Schedule attached to the Equipment Note, which notations, if made, shall evidence the date of, the outstanding principal of, and payments on the Equipment Loans evidenced thereby. Bank's notations on any Schedule attached to the Equipment Note shall constitute rebuttable presumptive evidence of the principal amount of Equipment Loans outstanding, but any failure to record any information on any such Schedule shall not limit or affect the obligations of Borrower hereunder or under the Equipment Note to make payments of principal or interest on the Equipment Loans when due.

Equipment Note. The obligations of Borrower in respect of the Equipment Loans and any interest accrued thereon shall be evidenced by a Promissory Note executed and delivered to Bank on the date hereof, in the face amount of $5,000,000 500,000 ("Equipment Note"). Borrower hereby irrevocably authorizes Bank to make appropriate notations on any Schedule attached to the Equipment Note, which notations, if made, shall evidence the date of, the outstanding principal of, and payments on the Equipment Loans evidenced thereby. Bank's notations on any Schedule attached to the Equipment Note shall constitute rebuttable presumptive evidence of the principal amount of Equipment Loans outstanding, but any failure to record any information on any such Schedule shall not limit or affect the obligations of Borrower hereunder or under the Equipment Note to make payments of principal or interest on the Equipment Loans when due.