Common use of Notes; Register Clause in Contracts

Notes; Register. (a) At the request of any Lender, its --------------- Loans of a particular Class shall be evidenced by a promissory note, dated the Closing Date, payable to such Lender (or its nominee) and otherwise duly completed, substantially in the form of Exhibits ▇-▇, ▇-▇ ▇▇▇ ▇-▇ for such ------------ --- --- Lender's Revolving Loans, Term B Facility Loans and Swing Loans, respectively. (b) The date, amount, Type, interest rate and duration of the Interest Period (if applicable) of each Loan of each Class made by each Lender and each payment made on account of the principal thereof, shall be recorded by such Lender (or its nominee) on its books and, prior to any transfer of any Note evidencing the Loans of such Class held by it, endorsed by such Lender (or its nominee) on the schedule attached to such Note or any continuation thereof; provided, however, that the failure of such Lender (or its nominee) to make any -------- ------- such recordation or endorsement or any error in such recordation or endorsement shall not affect the obligations of Borrower to make a payment when due of any amount owing hereunder or under such Note.

Appears in 1 contract

Sources: Credit Agreement (Imagistics International Inc)

Notes; Register. (a) At the request of any Lender, its --------------- Loans of a particular Class shall be evidenced by a promissory note, dated the Closing Date, payable to such Lender (or its nominee) and otherwise duly completed, substantially in the form of Exhibits ▇-A-▇, ▇-▇ ▇▇▇ ▇-▇ for such ------------ --- --- Lender's Revolving Loans, Term B Facility Loans and Swing Loans, respectively. (b) The date, amount, Type, interest rate and duration of the Interest Period (if applicable) of each Loan of each Class made by each Lender and each payment made on account of the principal thereof, shall be recorded by such Lender (or its nominee) on its books and, prior to any transfer of any Note evidencing the Loans of such Class held by it, endorsed by such Lender (or its nominee) on the schedule attached to such Note or any continuation thereof; provided, however, that the failure of such Lender (or its nominee) to make any -------- ------- such recordation or endorsement or any error in such recordation or endorsement shall not affect the obligations of Borrower to make a payment when due of any amount owing hereunder or under such Note.

Appears in 1 contract

Sources: Credit Agreement (Imagistics International Inc)