Common use of Form Note Clause in Contracts

Form Note. In some jurisdictions Purchasers may prefer an expanded version of this representation (and the corresponding affirmative covenant in Section 9.7) that extends beyond Indebtedness to “payment obligations” in order to ascertain which, if any, payment obligations are preferred under local law. In such cases a Schedule of such preferred payment obligations would be appropriate.

Form Note. In some jurisdictions Purchasers may prefer an expanded version of this representation (and the corresponding affirmative covenant in Section 9.79.8) that extends beyond Indebtedness to “payment obligations” in order to ascertain which, if any, payment obligations are preferred under local law. In such cases a Schedule of such preferred payment obligations would be appropriate.