Lender Notes Clause Samples
Lender Notes. With respect to each Lender, the Advances made by such Lender to the Borrower shall be evidenced by a single promissory note executed by the Borrower (as the same may be amended, modified, extended or replaced from time to time, a “Lender Note” and collectively, the “Lender Notes”) substantially in the form of Exhibit B hereto, with appropriate insertions to reflect Advances (or portion thereof) actually funded by such Lender, the related applicable interest rates thereof and related repayments and appropriate revisions to reflect assignments effected in accordance with Section 13.4 of this Loan Agreement, payable to such Lender. For the avoidance of doubt, any Protective Advances made by a Lender shall not be required to be evidenced in its Lender Note and the Administrative Agent’s records shall constitute conclusive evidence that such Protective Advances have been made. The Borrower hereby irrevocably authorizes each Lender to make (or cause to be made) appropriate notations on the grid attached to its Lender Note (or on any continuation of such grid) or at such Lender’s option, in the records of such Lender, which notations, if made, shall evidence, inter alia, the date of, the outstanding principal of, and the interest rates and Interest Periods applicable to the Advances made by such Lender and related repayments and appropriate revisions to reflect assignments effected in accordance with Section 13.4 of this Loan Agreement. Such notations and records (absent manifest error) shall be conclusive evidence of the subject matter thereof; provided, however, that the failure to make any such notations or maintain any such records shall not limit or otherwise affect any Obligations of the Borrower. The Borrower hereby agrees to promptly execute and deliver a new Lender Note upon any assignment to a new Lender effected in accordance with Section 13.4 of this Loan Agreement, and each Lender making an assignment of all or any portion of its Lender Note will either (i) if such assignment is an assignment of its entire Lender Note, deliver its Lender Note to the Borrower for termination and cancellation effective upon Borrower’s execution and delivery of such new Lender Note to the assignee thereof or (ii) if such assignment is an assignment in part of such Lender Note, deliver its Lender Note to the Borrower for termination and cancellation effective upon Borrower’s execution and delivery of a new Lender Note to the assignee thereof and a new Lender Note to suc...
Lender Notes. Each Lender shall have received an executed original of its Lender Note.
Lender Notes. No Secured Loans will be represented by a promissory note or other instrument.
Lender Notes. No Secured Loans will be represented by a promissory note or other instrument. Upon the funding of the Secured Loans, the Loan Agent shall deliver to each Lender a Confirmation of Registration in the form of Exhibit D hereto.
Lender Notes. Each of the Lender Notes, duly executed by Borrower in favor of a Co-Agent.
Lender Notes. Section 3.3
Lender Notes. The Lender Notes, duly executed by the Borrower.
Lender Notes. Borrower shall have executed and delivered to Lender the Lender Notes dated the Execution Date in the aggregate principal amount of One Million Five Hundred Forty Thousand and No/100 Dollars ($1,540,000.00). The Lender Notes shall bear interest at the rate of twelve and one-half percent (12.5%) per annum;
Lender Notes. All of the Loans made by a Lender shall be ------------- evidenced by a promissory note in the form attached hereto as Exhibit A (each a --------- "Lender Note" and collectively, the "Lender Notes") appropriately completed, ----------- ------------ duly executed and delivered on behalf of the Borrower and payable to the order of such Lender. The Borrowing Date and principal amount of each Loan, the interest rate and Interest Period applicable thereto and each repayment or prepayment of principal thereof shall be recorded in each Lender's internal records (or in the records of its Managing Agent on its behalf) and, prior to any transfer of any Lender Note, on the grid schedule annexed thereto, and the Borrower hereby authorizes each Lender (or its Managing Agent on its behalf) to make such recordation; provided, however, that the -------- ------- failure of any Lender (or its Managing Agent) to set forth any or all of such information on such schedule or any error in such schedule shall not in any manner affect the obligation of the Borrower to repay the Loans in accordance with the terms hereof and of such Lender Note. Such updated grid schedules, or other proper records maintained by a Lender (or by its Managing Agent on its behalf) in lieu thereof, shall be presumptively correct evidence of the Loans made by such Lender to the Borrower. The aggregate outstanding principal amount of the Loans at any time shall be the aggregate principal amount owing on the Lender Notes at such time.
Lender Notes. Each Loan made by a Lender shall be evidenced by a single promissory note of Recco, substantially in the form set forth in the Lenders Annex with respect to such Lender (each as amended, modified, extended or replaced from time to time, a "Lender Note"), payable as set forth on such Lenders Annex. Each Group Agent shall record the date and amount of its respective Lending Group's Loans made and the date and amount of each payment of principal thereof, and any such recordation shall constitute prima facie evidence of the accuracy of the information so recorded in the absence of manifest error. The Administrative Agent on behalf of all the Lenders and each Group Agent shall, on behalf of each respective Lending Group, maintain a register (the "Register") for the recordation of (i) the names and addresses of the Lenders and any assignees of any Lender and (ii) the Commitment of, and the principal amount and interest of the Loans owing to, each Lender or assignee from time to time. The entries in the Register shall be conclusive, in the absence of manifest error, and Recco, each Lender and assignee, and the Administrative Agent and each Group Agent shall treat each Person whose name is recorded in the Register as the owner of the Loans for all purposes of this Agreement. Notwithstanding anything to the contrary, any assignment of any Loan or Commitment shall be effective only upon appropriate entries with respect thereto being made in the Register in the absence of manifest error. Each Lender Note shall (a) be dated the date of issuance thereof, or, with respect to any amendment thereof, the date of such amendment, (b) be stated to mature on the Scheduled Maturity Date and (c) provide for the payment of interest in accordance with Section 2.6.