Common use of Line Note Clause in Contracts

Line Note. Borrower's indebtedness to Bank for amounts borrowed under the Revolving Credit Line and for interest accrued thereon shall be evidenced by Borrower's promissory note to Bank, on Bank's standard form for commercial promissory notes and otherwise satisfactory to Bank, in the principal amount of the Maximum Line (the "Line Note").

Appears in 3 contracts

Sources: Revolving Credit and Term Loan Agreement (Qualmark Corp), Unsecured Revolving Credit Agreement (Granite Financial Inc), Revolving Credit Agreement (Sport Haley Inc)

Line Note. Borrower's ’s indebtedness to Bank for amounts borrowed under the Revolving Credit Line and for interest accrued thereon shall be evidenced by Borrower's ’s promissory note to Bank, on Bank's standard form for commercial promissory notes and otherwise satisfactory to Bank’s form, in the face principal amount of the Maximum Line Amount (the "Line Note"” or “Note”).

Appears in 2 contracts

Sources: Credit Agreement (American Land Lease Inc), Credit Agreement (Considine Terry)

Line Note. Borrower's indebtedness to Bank for amounts borrowed under the --------- Revolving Credit Line and for interest accrued thereon shall be evidenced by Borrower's promissory note to Bank, on Bank's standard form for commercial promissory notes and otherwise satisfactory to Bank, in the principal amount of the Maximum Line (as amended or extended from time to time, the "Line Note").

Appears in 2 contracts

Sources: Revolving Credit Agreement (Koala Corp /Co/), Revolving Credit Agreement (Koala Corp /Co/)

Line Note. Borrower's Borrowers’ indebtedness to Bank for amounts borrowed under the Revolving Credit Line and for interest accrued thereon shall be evidenced by Borrower's Borrowers’ promissory note to Bank, on Bank's standard form for commercial promissory notes and otherwise satisfactory to Bank’s form, in the face principal amount of the Maximum Line Amount (the "Line Note"” or “Note”).

Appears in 1 contract

Sources: Credit Agreement (Considine Terry)

Line Note. Borrower's indebtedness to Bank for amounts borrowed under the --------- Revolving Credit Line and for interest accrued thereon shall be evidenced by Borrower's promissory note to Bank, on Bank's standard form for commercial promissory notes and otherwise satisfactory to Bank, in the principal amount of the Maximum Line (the "Line Note").

Appears in 1 contract

Sources: Revolving Credit Agreement (Koala Corp /Co/)