MONEY MARKET NOTES Sample Clauses
MONEY MARKET NOTES. The obligation of the Company to repay Money Market Rate Loans and to pay interest thereon shall be evidenced by a Money Market Note substantially in the form of Schedule C hereto, dated the date of execution thereof by the Company and payable to the order of the applicable Lender in accordance with the terms and conditions of such Money Market Note.
MONEY MARKET NOTES. The Money Market Loans of each Bank shall be evidenced by a Money Market Note payable to the order of each Bank. The Money Market Note of each Bank shall (i) be in the principal amount of $100,000,000, or such amount less than $100,000,000 as the Company and such Bank may agree,(ii) be dated not later than the date of the initial Money Market Notice relating to a Money Market Loan made by such Bank and (iii) be stated to mature on the Termination Date as such date may be extended hereunder and bear interest from its date until maturity on the principal balance (from time to time outstanding thereunder) payable at the rates and in the manner provided in the applicable Money Market Confirmations. Each Bank is authorized to indicate upon the grid attached to its Money Market Note all Money Market Loans made by it pursuant to this Agreement, interest elections and payments of principal and interest thereon. Such notations shall be presumptive as to the aggregate unpaid principal amount of all Money Market Loans made by such Bank, and interest due thereon, but the failure by any Bank to make such notations or the inaccuracy or incompleteness of any such notations shall not affect the obligations of the Company hereunder or under the Money Market Notes.
MONEY MARKET NOTES. The Money Market Loans of each Bank shall be evidenced by a single Money Market Note duly executed on behalf of the Borrower, dated the date hereof, in substantially the form of Exhibit D attached hereto, payable to the order of such Bank in the original principal amount of up to $375,000,000.00 with interest on the unpaid principal amount from time to time outstanding of each Money Market Loan evidenced thereby as prescribed in subparagraph (h). Each Bank is hereby authorized to record the date and amount of each Money Market Loan made by such Bank, the maturity date thereof, the date and amount of each payment of principal thereof and interest thereon and the interest rate with respect thereto on the schedule annexed to and constituting a part of its Money Market Note, and any such recordation shall constitute prima facie evidence of the accuracy of the information so recorded; provided, however, that neither the failure to make any such recordation nor any error in such recordation shall not affect the obligations of the Borrower hereunder or under such Money Market Note. Each Money Market Loan shall bear interest for the period from and including the date of such Money Market Loan on the principal amount thereof from time to time outstanding at the applicable Money Market Rate determined as provided in subparagraph (h), and such interest shall be payable as specified in subparagraph (h).