Forbearance Note Sample Clauses

Forbearance Note. On the date hereof, EasyLink shall execute and deliver to GATX a promissory note in the principal amount of $8,583,844.21 (the "Forbearance Note). The Forbearance Note shall be payable on demand after October 31, 2001, and shall accrue interest at the rate of 12% per annum beginning from June 1, 2001. A copy of the form of the Forbearance Note is attached as Exhibit A.
Sample 1
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Forbearance Note. On the date hereof, EasyLink shall execute and deliver to LTI a promissory note in the principal amount of $802,000 (the "Forbearance Note). The Forbearance Note shall be payable on demand after November 30, 2001, and shall accrue interest at the rate of 12% per annum beginning from August 1, 2001. A copy of the form of the Forbearance Note is attached as Exhibit A. The Forbearance Note shall continue to be secured by the Leased Equipment pursuant to the Lease, provided that LTI shall release such security interest in any Leased Equipment that LTI sells to EasyLink pursuant to Section 6 or otherwise.
Sample 1
Forbearance Note. On the date hereof, in exchange for the conversion of all present and future payments under the Lease, EasyLink shall execute and deliver to Xxxxxxxx a promissory note in the principal amount of $2,203,789 (the "Forbearance Note). The Forbearance Note shall be payable on demand after October 31, 2001, and shall accrue interest at the rate of 12% per annum beginning from June 1, 2001. A copy of the form of the Forbearance Note is attached as Exhibit A. The Forbearance Note shall continue to be secured by the Leased Equipment pursuant to the Lease, provided that Xxxxxxxx shall release such security interest in any Leased Equipment that Xxxxxxxx sells to EasyLink pursuant to Section 6 or otherwise.
Sample 1
Forbearance Note. On the date hereof, EasyLink shall execute and deliver to MicroTech a promissory note in the principal amount of $1,038,468.14 (the "Forbearance Note). The Forbearance Note shall be payable on demand after October 31, 2001, and shall accrue interest at the rate of 12% per annum beginning from August 1, 2001. A copy of the form of the Forbearance Note is attached as Exhibit A. The Forbearance Note shall continue to be secured by the Leased Equipment pursuant to the Lease, provided that MicroTech shall release such security interest in any Leased Equipment that MicroTech sells to EasyLink pursuant to Section 6 or otherwise.
Sample 1
Forbearance Note. On the date hereof, in exchange for the conversion of all present and future payments under the Leases, EasyLink shall execute and deliver to Fleet a promissory note in the principal amount of $2,271,102.00 (the "Forbearance Note). The Forbearance Note shall be payable on demand after October 31, 2001, and shall accrue interest at the rate of 12% per annum beginning from June 1, 2001. A copy of the form of the Forbearance Note is attached as Exhibit A. The Forbearance Note shall continue to be secured by the Leased Equipment pursuant to the Leases, provided that Fleet shall release such security interest in any Leased Equipment that Fleet sells to EasyLink pursuant to Section 6 or otherwise.
Sample 1
Forbearance Note. On the date hereof, EasyLink shall execute and deliver to Pentech a promissory note in the principal amount of $1,777,000 (the "Forbearance Note). The Forbearance Note shall be payable on demand after October 31, 2001, and shall accrue interest at the rate of 12% per annum beginning from June 30, 2001. A copy of the form of the Forbearance Note is attached as Exhibit A. The Forbearance Note shall continue to be secured by the Leased Equipment pursuant to the Lease, provided that Pentech shall release such security interest in any Leased Equipment that Pentech sells to EasyLink pursuant to Section 6 or otherwise.
Sample 1

Related to Forbearance Note

  • 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.

  • Loan Document Pursuant to Credit Agreement This Amendment is a Loan Document executed pursuant to the Credit Agreement and shall be construed, administered and applied in accordance with all of the terms and provisions of the Credit Agreement (and, following the date hereof, the Amended Credit Agreement). Any breach of any representation or warranty or covenant or agreement contained in this Amendment shall be deemed to be an immediate Event of Default for all purposes of the Credit Agreement and the other Loan Documents.

  • Term Loan Agreement An Event of Default (as defined in the Term Loan Agreement) shall occur.

  • Loan Agreement and Note Lender shall have received a copy of this Agreement and the Note, in each case, duly executed and delivered on behalf of Borrower.

  • Loan Document Pursuant to Existing Credit Agreement This Amendment is a Loan Document executed pursuant to the Existing Credit Agreement and shall (unless otherwise expressly indicated therein) be construed, administered and applied in accordance with all of the terms and provisions of the Existing Credit Agreement, as amended hereby, including Article IX thereof.

  • Loan Agreement This Agreement duly executed by Borrower and Lender.

  • Reaffirmation of Credit Agreement This Amendment shall be deemed to be an amendment to the Credit Agreement, and the Credit Agreement, as amended hereby, is hereby ratified, approved and confirmed in each and every respect. All references to the Credit Agreement herein and in any other document, instrument, agreement or writing shall hereafter be deemed to refer to the Credit Agreement as amended hereby.

  • Conditions Precedent to All Loans and Letter of Credit Accommodations Each of the following is an additional condition precedent to Lender making Loans and/or providing Letter of Credit Accommodations to Borrower, including the initial Loans and Letter of Credit Accommodations and any future Loans and Letter of Credit Accommodations:

  • Conditions Precedent to Initial Loans and Letter of Credit Accommodations Each of the following is a condition precedent to Lender making the initial Loans and providing the initial Letter of Credit Accommodations hereunder:

  • Amendment as Loan Document This Amendment shall constitute a Loan Document.

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