Financing Note Clause Samples

A Financing Note is a contractual provision that outlines the terms under which a party borrows money, typically specifying the principal amount, interest rate, repayment schedule, and any applicable covenants or conditions. In practice, this clause details the obligations of the borrower to repay the lender, including when payments are due and what happens in the event of default. Its core function is to formalize the lending arrangement, ensuring both parties are clear on their rights and responsibilities, thereby reducing the risk of disputes over loan terms.
Financing Note. The Advances made by the Creditor hereunder shall be evidenced by and be payable by the Company in accordance with the terms of a single financing note of the Company substantially in the form of Exhibit C hereto (the "Financing Note"), dated the Initial Funding Date, and be payable to the order of the Creditor in a principal amount equal to the $125,000,000; subject, however, to the provisions of the Financing Note to the effect that
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Financing Note. The principal and interest obligations of the Borrower under this Agreement outstanding as of the Closing Date and representing all Advances made by the Creditor heretofore shall be evidenced by and be payable by the Borrower in accordance with the terms of eight financing notes of the Borrower substantially in the form of Exhibit B hereto (collectively, the “Financing Note”), dated the Closing Date, and delivered by the Borrower to the Creditor on the Closing Date, and be payable to the order of the Creditor in a principal amount equal to $103,193,135.28 (the “Principal Amount” or “Advances”). The Creditor shall make or cause to be made, at or after the time of receipt of payment of any portion of the Principal Amount, an appropriate notation on its records and such Financing Note reflecting such payment and the Creditor will, prior to any transfer of the Financing Note, endorse on the reverse side thereof the outstanding principal amount of the debt evidenced thereby. Failure to make any such notation shall not affect the Borrower’s obligations in respect of such debt.
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Financing Note. 28 Section 2.04 Repayment of Principal of Advances .......................28 Section 2.05 Prepayments ..............................................29 Section 2.06 Interest .................................................31 Section 2.07 Payments .................................................32 Section 2.08 Use of Proceeds ..........................................33 Section 2.09 Change in Law ............................................33 Section 2.10 Illegality ...............................................33 SECTION 3. FUNDING AND YIELD PROTECTION ....................................34 Section 3.01 Taxes, Duties, Fees and Charges ..........................34 Section 3.02 Change in Circumstances ..................................34 SECTION 4. EXPENSES; INDEMNIFICATION; FEES .................................36 Section 4.01 Expenses .................................................36 Section 4.02 Indemnification ..........................................36
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Financing Note. The Advances made by the Creditor hereunder shall be evidenced by and be payable by the Company in accordance with the terms of a single financing note of the Company substantially in the form of Exhibit F hereto (the "FINANCING NOTE"), dated the Initial Funding Date, and be payable to the order of the Creditor in a principal amount equal to the $125,000,000; SUBJECT, HOWEVER, to the provisions of the Financing Note to the effect that the principal amount payable thereunder at any time shall not exceed the then unpaid principal amount of the Advances. The Company hereby irrevocably authorizes the Creditor to make or cause to be made, at or after the time of each Advance, an appropriate notation on the records of the Creditor, including the Financing Note, reflecting the principal amount of such Advance, and the Creditor shall make or cause to be made, at or after the time of receipt of payment of any principal of any Advance, an appropriate notation on its records and such Financing Note reflecting such payment and the Creditor will, prior to any transfer of the Financing Note, endorse on the reverse side thereof the outstanding principal amount of the Advances evidenced thereby. Failure to make any such notation shall not affect the Company's obligations in respect of such Advances.
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Financing Note. 24 Section 2.04. Repayment of Principal of Advances...................................................24 Section 2.05. Prepayments..........................................................................25 Section 2.06. Interest.............................................................................26 Section 2.07. Payments.............................................................................27 Section 2.08. Use of Proceeds......................................................................28 Section 2.09. Change in Law........................................................................28 Section 2.10. Illegality...........................................................................28
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Related to Financing Note

  • Financing Agreement This Amendment shall constitute a Financing Agreement.

  • Revolving Note The Revolving Loans made by each Lender shall, in addition to this Agreement, also be evidenced by a promissory note of the Borrower substantially in the form of Exhibit K (each a “Revolving Note”), payable to the order of such Lender in a principal amount equal to the amount of its Commitment as originally in effect and otherwise duly completed.

  • Convertible Note From and after the Effective Time, the Company's $8,000,000 10% convertible subordinated promissory note, dated November 20, 1998, payable to Wind Point Partners III, L.P. (the "Convertible Note") shall, in accordance with the terms of the Convertible Note, represent the right, upon conversion thereof in accordance with its terms, to receive in cash, without interest, a single lump sum cash payment equal to the product of (i) the number of shares of Company Common Stock issuable upon the conversion of such Convertible Note in accordance with its terms immediately prior to the Effective Time and (ii) the Common Stock Merger Consideration, such cash payment to be reduced by any required withholding of Taxes.

  • Loan Agreements Notwithstanding any term hereof (or any term of the UCC that might otherwise be construed to be applicable to a “securities intermediary” as defined in the UCC) to the contrary, none of the Collateral Agent, the Collateral Custodian nor any securities intermediary shall be under any duty or obligation in connection with the acquisition by the Borrower, or the grant by the Borrower to the Collateral Agent, of any Loan Asset in the nature of a loan or a participation in a loan to examine or evaluate the sufficiency of the documents or instruments delivered to it by or on behalf of the Borrower under the related Loan Agreements, or otherwise to examine the Loan Agreements, in order to determine or compel compliance with any applicable requirements of or restrictions on transfer (including without limitation any necessary consents). The Collateral Custodian shall hold any Instrument delivered to it evidencing any Loan Asset granted to the Collateral Agent hereunder as custodial agent for the Collateral Agent in accordance with the terms of this Agreement.

  • Financing Agreements The School shall comply with Ch. 37D, HRS, relating to financing agreements. “Financing agreement” means any lease purchase agreement, installment sale agreement, loan agreement, line of credit or other agreement of the department or, with the approval of the director, and any agency, to finance the improvement, use or acquisition of real or personal property that is or will be owned or operated by one or more agencies of the State, the department or any agency, or to refinance previously executed financing agreements including certificates of participation relating thereto. The School shall not act as a guarantor of any such financing agreement.