Common use of Installment Note Clause in Contracts

Installment Note. The Collateral Trustee shall have received the Installment Note, together with a transfer instrument executed by the Borrower naming the Collateral Trustee as transferee. The Installment Note and instrument of transfer shall have been submitted to the "Paying Agent" referenced in the Installment Note for registration of transfer, and such Paying Agent shall have registered such transfer, recorded the transfer on the Installment Note and delivered the Installment Note to the Collateral Trustee.

Appears in 2 contracts

Sources: Term Loan Agreement (Glatfelter P H Co), Term Loan Agreement (Glatfelter P H Co)