Common use of Lenders’ Evidence of Indebtedness Clause in Contracts

Lenders’ Evidence of Indebtedness. The Borrower agrees that: (i) upon written notice by any Lender to Borrower that a promissory note is requested by such Lender to evidence the Loans owing or payable to, or to be made by, such Lender, Borrower shall promptly (and in any event within ten (10) Business Days following receipt of any such request) execute and deliver to such Lender an appropriate Revolving Note (substantially in the form of Exhibit 2.13(a)), Term Loan Note (substantially in the form of Exhibit 2.13(b)(i)) and (ii) upon any Lender’s written request to Borrower, and in any event within ten (10) Business Days of receipt of any such request, Borrower shall execute and deliver to such Lender new notes and/or divide the notes in exchange for then existing notes in such smaller amounts or denominations as such Lender shall specify in its reasonable discretion; provided, that the aggregate principal amount of such new notes of any Class shall not exceed the aggregate principal amount of the applicable Revolving Note or Term Loan Note outstanding at the time such request is made; and provided, further, that such Notes that are to be replaced automatically shall then be deemed no longer outstanding hereunder and replaced by such new notes and shall be marked as cancelled and returned to Borrower within ten (10) Business Days after such Xxxxxx’s receipt of the replacement notes. Regardless whether or not any such promissory notes are issued, this Agreement shall evidence the Loans and other Obligations owing or payable by Borrower to the Lenders.

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (RadNet, Inc.), First Lien Credit and Guaranty Agreement (RadNet, Inc.)

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Lenders’ Evidence of Indebtedness. The Borrower agrees that: (i) upon written notice by any Lender to the Borrower and the Agent that a promissory note is requested by such Lender to evidence the Loans and other Obligations owing or payable to, or to be made by, such Lender, the Borrower shall promptly (and in any event within ten five (105) Business Days following receipt of any such request) execute and deliver to such Lender an appropriate Revolving Term Note (substantially in the form of Exhibit 2.13(a)A annexed hereto), Term Loan Note (substantially in the form of Exhibit 2.13(b)(i)) as applicable, and (ii) upon any Lender’s written request to Borrowerrequest, and in any event within ten five (105) Business Days of receipt of any such request, the Borrower shall execute and deliver to such Lender new notes and/or divide the notes in exchange for then existing notes in such smaller amounts or denominations as such Lender shall specify in its reasonable discretion; provided, that that, the aggregate principal amount of such new notes of any Class shall not exceed the aggregate principal amount of the applicable Revolving Note or Term Loan Note outstanding at the time such request is made; and provided, further, that such Notes notes that are to be replaced automatically shall then be deemed no longer outstanding hereunder and replaced by such new notes and shall be marked as cancelled and returned to the Borrower within ten (10) Business Days after upon such XxxxxxLender’s receipt of the replacement notes. Regardless whether or not If any promissory note being replaced has been mutilated, the Lender holding such promissory note shall surrender such promissory note to the Borrower after the Agent’s receipt of the replacement promissory note and if any such replaced promissory notes are issuednote has been destroyed, this Agreement lost or stolen, the holder of such promissory note shall evidence furnish the Loans and other Obligations owing or payable by Borrower with an indemnity in writing reasonably acceptable to the LendersBorrower and such holder to hold the Borrower harmless in respect of such destroyed, lost or stolen promissory note.

Appears in 1 contract

Samples: Credit Agreement (Haights Cross Communications Inc)

Lenders’ Evidence of Indebtedness. The Borrower agrees that: (i) upon written notice by any Lender to Borrower that a promissory note or other evidence of indebtedness is requested by such Lender to evidence the Loans and other Obligations owing or payable to, or to be made by, such Lender, Borrower shall promptly (and in any event within ten (10) Business Days following receipt of any such request) execute and deliver to such Lender an appropriate Revolving Note (substantially in the form of Exhibit 2.13(a)), Term A Loan Note (substantially in the form of Exhibit 2.13(b)(i)), Delayed Draw Term B Loan Note (substantially in the form of Exhibit 2.13(b)(ii)) or Incremental Term Loan Note (substantially in the form of Exhibit 2.13(b)(iii)) and (ii) upon any Lender’s written request to Borrower, and in any event within ten (10) Business Days of receipt of any such request, Borrower shall promptly execute and deliver to such Lender new notes and/or divide the notes in exchange for then existing notes in such smaller amounts or denominations as such Lender shall specify in its reasonable sole and absolute discretion; provided, that the aggregate principal amount of such new notes of any Class shall not exceed the aggregate principal amount of the applicable Revolving Note, Term A Loan Note, Delayed Draw Term B Loan Note or Incremental Term Loan Note outstanding at the time such request is made; and provided, further, that such Notes that are to be replaced automatically shall then be deemed no longer outstanding hereunder and replaced by such new notes and shall be marked as cancelled and returned to Borrower within ten (10) Business Days a reasonable period of time after such XxxxxxLender’s receipt of the replacement notes. Regardless whether or not any such promissory notes are issued, this Agreement shall evidence the Loans and other Obligations owing or payable by Borrower to the Lenders.

Appears in 1 contract

Samples: Credit Agreement (Chuy's Holdings, Inc.)

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Lenders’ Evidence of Indebtedness. The Borrower agrees that: (i) upon written notice by any Lender to Borrower that a promissory note is requested by such Lender to evidence the Loans owing or payable to, or to be made by, such Lender, Borrower shall promptly (and in any event within ten (10) Business Days following receipt of any such request) execute and deliver to such Lender an appropriate Revolving Note (substantially in the form of Exhibit 2.13(a)), Term Loan Note (substantially in the form of Exhibit 2.13(b)(i)) and (ii) upon any Lender’s written request to Borrower, and in any event within ten (10) Business Days of receipt of any such request, Borrower shall execute and deliver to such Lender new notes and/or divide the notes in exchange for then existing notes in such smaller amounts or denominations as such Lender shall specify in its reasonable discretion; provided, that the aggregate principal amount of such new notes of any Class shall not exceed the aggregate principal amount of the applicable Revolving Note or Term Loan Note outstanding at the time such request is made; and provided, further, that such Notes that are to be replaced automatically shall then be deemed no longer outstanding hereunder and replaced by such new notes and shall be marked as cancelled and returned to Borrower within ten (10) Business Days after such XxxxxxLender’s receipt of the replacement notes. Regardless whether or not any such promissory notes are issued, this Agreement shall evidence the Loans and other Obligations owing or payable by Borrower to the Lenders.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (RadNet, Inc.)

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