Common use of Form of Revolving Note Clause in Contracts

Form of Revolving Note. The Revolving Loans shall be evidenced by a Revolving Note in the maximum aggregate face amount of $30,000,000.00, in favor of the Lender, and shall be in the form of Exhibit "C" attached hereto with appropriate insertions. Notwithstanding the face amount of the Note, the actual principal amount due from Borrower to the Lender on account of the Revolving Note, as of any date of computation, shall be the sum of Advances then and theretofore made on account thereof, less all principal payments actually received by Lender in collected funds with respect thereto. Although the Revolving Note may be dated as of the date of this Agreement, interest in respect thereof shall be payable only for the period during which the loans evidenced thereby are outstanding and, although the stated amount of the Revolving Note may be higher, the Revolving Note shall be enforceable, with respect to Borrower's obligation to pay the principal amount thereof, only to the extent of the unpaid principal amount of the loans.

Appears in 1 contract

Samples: Credit Agreement (Carrizo Oil & Gas Inc)

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Form of Revolving Note. The Revolving Loans Loan shall be evidenced by a Revolving Note in the maximum aggregate face amount of $30,000,000.00, in favor of the Lender35,000,000.00, and shall be in the form of Exhibit "CB" attached hereto with appropriate insertionsinsertion. Notwithstanding the face principal amount of the Revolving Note, as stated on the face thereof, the actual principal amount due from Borrower to the Lender Bank on account of the Revolving Note, as of any date of computation, shall be the sum of Advances then and theretofore made on account thereof, less all principal payments or prepayments actually received by Lender Bank in collected funds with respect thereto. Although the Revolving Note may shall be dated as of the date of this AgreementEffective Date, interest in respect thereof shall be payable only for the period during which the loans evidenced thereby are outstanding and, although the stated amount of the Revolving Note may be higher, the Revolving Note shall be enforceable, with respect to Borrower's obligation to pay the principal amount thereof, only to the extent of the unpaid principal amount of the loansapplicable Advances.

Appears in 1 contract

Samples: Loan Agreement (Mallon Resources Corp)

Form of Revolving Note. The Revolving Loans Loan shall be evidenced by a Revolving Note note in ---------------------- the maximum aggregate face amount of $30,000,000.00, in favor of the Lender2,500,000, and shall be in the form of Exhibit "C" attached hereto with appropriate insertionsinsertion. Notwithstanding the face principal amount of the Revolving Note, as stated on the face thereof, the actual principal amount due from Borrower to the Lender Bank on account of the Revolving Note, as of any date of computation, shall be the sum of Revolving Loan Advances then and theretofore made on account thereof, less all principal payments actually received by Lender Bank in collected funds with respect thereto. Although the Revolving Note may shall be dated as of the date of this Agreement, interest in respect thereof shall be payable only for the period during which the loans Revolving Loan Advances evidenced thereby are outstanding and, although the stated face amount of the Revolving Note may be higher, the Revolving Note shall be enforceable, with respect to Borrower's obligation to pay the principal amount thereof, only to the extent of the unpaid principal amount of the loanssuch Revolving Loan Advances.

Appears in 1 contract

Samples: Loan Agreement (Diagnostic Health Services Inc /De/)

Form of Revolving Note. The Revolving Loans Loan shall be ---------------------- evidenced by a Revolving Note note in the maximum aggregate face amount of $30,000,000.00, in favor of the Lender2,000,000, and shall be in the form of Exhibit "C" attached hereto with appropriate insertionsinsertion. Notwithstanding the face principal amount of the Revolving Note, as stated on the face thereof, the actual principal amount due from Borrower to the Lender Bank on account of the Revolving Note, as of any date of computation, shall be the sum of Revolving Loan Advances then and theretofore made on account thereof, less all principal payments actually received by Lender Bank in collected funds with respect thereto. Although the Revolving Note may shall be dated as of the date of this Agreement, interest in respect thereof shall be payable only for the period during which the loans Revolving Loan Advances evidenced thereby are outstanding and, although the stated face amount of the Revolving Note may be higher, the Revolving Note shall be enforceable, with respect to Borrower's obligation to pay the principal amount thereof, only to the extent of the unpaid principal amount of the loanssuch Revolving Loan Advances.

Appears in 1 contract

Samples: Loan Agreement (Diagnostic Health Services Inc /De/)

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Form of Revolving Note. The Revolving Loans Loan shall be evidenced by a Revolving Note in the maximum aggregate face amount of $30,000,000.00, in favor of the Lender5,000,000, and shall be in the form of Exhibit EXHIBIT "CA-1," attached hereto with appropriate insertionsannexed hereto. Notwithstanding the face principal amount of the Note, as stated on the face thereof, the actual principal amount due from Borrower to the Lender Borrowers jointly and severally on account of the Revolving Note, as of any date of computation, shall be the sum of Advances then and theretofore made on account thereof, less all principal payments actually received by Lender Bank in collected funds with respect thereto. Although the Revolving Note may shall be dated as of the date of this AgreementEffective Date, interest in respect thereof shall be payable only for the period during which the loans evidenced thereby are outstanding and, although the stated amount of the Revolving Note may be higher, the Revolving Note shall be enforceable, with respect to Borrower's Borrowers' joint and several obligation to pay the principal amount thereof, only to the extent of the unpaid principal amount of the such loans.

Appears in 1 contract

Samples: Loan Agreement (Panhandle Royalty Co)

Form of Revolving Note. The Revolving Loans Loan shall be evidenced by a the Revolving Note in the maximum aggregate face amount of $30,000,000.00, in favor of the Lender50,000,000, and shall be in the form of Exhibit "C" attached “B-1” hereto with appropriate insertions. Notwithstanding the face amount of the Revolving Note, the actual principal amount due from the Borrower to the Lender Bank on account of the Revolving Note, as of any date of computation, shall be the sum of Advances then and theretofore made on account thereof, less all principal payments actually received by Lender Bank in collected funds with respect thereto. Although the Revolving Note may be dated as of the date of this AgreementEffective Date, interest in respect thereof shall be payable only for the period during which the loans evidenced thereby are outstanding and, although the stated amount of the Revolving Note may be higher, the Revolving Note shall be enforceable, with respect to Borrower's ’s obligation to pay the principal amount thereof, only to the extent of the unpaid principal amount of the loans. Irrespective of the face amount of the Revolving Note, Bank shall never be obligated to advance on the Revolving Commitment any amount in excess of the Revolving Commitment then in effect.

Appears in 1 contract

Samples: Credit Agreement (Panhandle Oil & Gas Inc)

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