Facility A Note Clause Samples
The 'Facility A Note' clause defines the terms and conditions governing a specific promissory note issued under Facility A of a loan agreement. This clause typically outlines the principal amount, interest rate, repayment schedule, and any applicable covenants or events of default related to the note. For example, it may specify that the borrower must repay the note in equal installments over a set period, with interest calculated at a predetermined rate. The core function of this clause is to provide clear, binding documentation of the borrower's obligations under Facility A, ensuring both parties understand the terms of repayment and reducing the risk of disputes.
Facility A Note. The obligations of Borrowers to repay the unpaid principal amount of the Facility A Loan and to pay interest on the unpaid principal amount thereof shall be joint and several and shall be evidenced in part by the Amended and Restated Facility A Note dated the Closing Date, in substantially the form attached as Exhibit “A” to this Agreement, with the blanks appropriately filled (the “Facility A Note”), with the blanks appropriately filled. The executed Facility A Note will be delivered by Borrowers to Bank on the Closing Date.
Facility A Note. Borrower shall, as a condition to the Facility A Advances, execute and deliver to Lender the Facility A Note in the form attached hereto as Exhibit H and in the principal amount of the Facility A Maximum Principal Amount.
Facility A Note. The Facility A Loans shall be evidenced by a single separate promissory note of the Borrower, payable to the order of the Lender for the account of its Applicable Lending Office in a principal amount equal to the original amount of the Facility A Commitment. Such note shall be dated the Closing Date and shall be substantially in the form attached as Exhibit B and otherwise duly completed.