Execution and Delivery of Notes. Following payment of the Assigned Amount and the Assignment Fee, Transferor Lender will deliver to Agent the Notes previously delivered to Transferor Lender for redelivery to Borrower and Agent will obtain from Borrowers for delivery to [Transferor Lender and] Purchasing Lender, new executed Notes evidencing Purchasing Lender's [and Transferor Lender's respective] Pro Rata Share[s] in the Loans after giving effect to the assignment described in Section 1. Each new Note will be issued in the aggregate maximum principal amount of the [applicable] Commitment [of the Lender to whom such Note is issued] OR [the Purchasing Lender].
Appears in 2 contracts
Sources: Credit Agreement (Best Universal Lock Co), Credit Agreement (Best Lock Corp)