Common use of Initial Term Loan Notes Clause in Contracts

Initial Term Loan Notes. The Initial Term Loan of each Lender shall be evidenced by a single promissory note of the Borrower (each, an "INITIAL TERM LOAN NOTE") substantially in the form of Exhibit A-1, dated the Closing Date, payable to such Lender in a principal amount equal to the amount of its Initial Term Loan Commitment as in effect on the Closing Date and otherwise duly completed.

Appears in 2 contracts

Sources: Credit Agreement (Ormat Technologies, Inc.), Credit Agreement (Ormat Technologies, Inc.)