Common use of Notes; Repayment of Loans Clause in Contracts

Notes; Repayment of Loans. The Loans made by each Bank shall be evidenced by a Note, duly executed on behalf of the Borrower, dated the date of this Agreement, in substantially the form attached hereto as Exhibit A, with the blanks appropriately filled, payable to the order of such Bank in a principal amount equal to such Bank's Commitment. The outstanding principal balance of each Revolving Loan and Auction Loan, as evidenced by such a Note, shall be payable on the last day of the Interest Period applicable to such Loan and on the Expiration Date. Each Note shall bear interest from the date of the first borrowing hereunder on the outstanding principal balance thereof as set forth in Section 2.07. Each Bank shall, and is hereby authorized by the Borrower to, endorse on the schedule attached to each Note delivered to such Bank (or on a continuation of such schedule attached to such Note and made a part thereof), or otherwise to record in such Bank's internal records, an appropriate notation evidencing the date and amount of each Loan from such Bank, each payment and prepayment of principal of any such Loan, each payment of interest on any such Loan and the other information provided for on such schedule; provided, however, that any such recordation shall be conclusive absent manifest error and the failure of any Bank to make such a notation or any error therein shall not affect the obligation of the Borrower to repay the Loans made by such Bank in accordance with the terms of this Agreement and the applicable Notes.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Avista Corp), Revolving Credit Agreement (Avista Corp)

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Notes; Repayment of Loans. The Loans Loan made by each Bank shall be evidenced by a Note, single Note duly executed on behalf of the Borrower, dated the date of this AgreementClosing Date, in substantially the form attached hereto as Exhibit A, A with the blanks appropriately filled, payable to the order of such Bank in a principal amount equal to the Loan made by such Bank's Commitment. The outstanding principal balance of each Revolving Loan and Auction Loan, as evidenced by such a Note, shall be payable on the last day of the Interest Period applicable to such Loan and on the Expiration Date. Each Note shall bear interest from the date of the first borrowing hereunder thereof on the outstanding principal balance thereof as set forth in Section 2.072.5. Each Bank shall, and is hereby authorized by the Borrower to, endorse on the schedule attached to each the relevant Note delivered to held by such Bank (or on a continuation of such schedule attached to each such Note and made a part thereof), or otherwise to record in such Bank's internal records, an appropriate notation evidencing the date and amount of each the Loan from of such Bank, each payment and or prepayment of principal of any such the Loan, each payment of interest on any such Loan and the other information provided for on such schedule; provided, however, that any such recordation shall be conclusive absent manifest error and the failure of any Bank to make such a notation or any error therein shall not in any manner affect the obligation of the Borrower to repay the Loans Loan made by such Bank in accordance with the terms of this Agreement the relevant Note. The outstanding principal balance of each Loan, as evidenced by the relevant Note, shall be payable on the Maturity Date and the applicable Notesis subject to optional and mandatory prepayment as provided in Section 2.7.

Appears in 2 contracts

Samples: Credit Agreement (Philadelphia Suburban Corp), Credit Agreement (Philadelphia Suburban Corp)

Notes; Repayment of Loans. The Loans made by each Bank shall be evidenced by a Note, single Note duly executed on behalf of the Borrower, dated the date of this Agreementsaid Bank's Commitment, in substantially the form attached hereto as Exhibit A, "B" with the blanks appropriately filled, payable to the order of such Bank in a principal amount equal to the Commitment of such Bank's Commitment. The outstanding principal balance of each Revolving Loan and Auction Loan, as evidenced by such a the applicable Note, shall be payable on the last day of the Interest Period applicable to such Loan and on the Expiration Maturity Date. Each Note shall bear interest from the date of the first borrowing hereunder thereof on the outstanding principal balance thereof as set forth in Section 2.072.7. Each Bank shall, and is hereby authorized by the Borrower to, endorse on the schedule attached to each the Note delivered to held by such Bank (or on a continuation of such schedule attached to each such Note and made a part thereof), or otherwise to record in such Bank's internal records, an appropriate notation evidencing the date and amount of each Loan from of such Bank, each payment and or prepayment of principal of any such Loan, each payment of interest on any such Loan and the other information provided for on such schedule; providedPROVIDED, howeverHOWEVER, that any such recordation shall be conclusive absent manifest error and the failure of any Bank to make such a notation or any error therein shall not in any manner affect the obligation of the Borrower to repay the Loans made by such Bank in accordance with the terms of this Agreement and the applicable Notesrelevant Note.

Appears in 1 contract

Samples: Credit Agreement (Evans Withycombe Residential Inc)

Notes; Repayment of Loans. The Loans made by each Bank shall be evidenced by a Note, duly executed on behalf of the Borrower, dated the Closing Date or the effective date of this Agreementthe applicable Assignment and Acceptance, as the case may be, in substantially the form attached hereto as Exhibit A, with the blanks appropriately filled, payable to the order of such Bank in a an aggregate principal amount equal to such Bank's Commitment. The outstanding principal balance of each Revolving Loan and Auction Loanall of the Loans, as evidenced by such a NoteNotes, shall be payable on the last day of the Interest Period applicable to Final Maturity Date (or such Loan and on the Expiration Dateearlier date as is set forth in Section 7.01 hereof). Each Note shall bear interest from the date of the first borrowing hereunder thereof on the outstanding principal balance thereof as set forth in Section 2.072.08. Each Bank shall, and is hereby authorized by the Borrower to, endorse on the schedule attached to each Note delivered to such Bank (or on a continuation of such schedule attached to such Note and made a part thereof), or otherwise to record in such Bank's internal records, an appropriate notation evidencing the date and amount of each Loan from such Bank, each payment and prepayment of principal of any such Loan, each payment of interest on any such Loan and the other information provided for on such schedule; provided, however, that any such recordation shall be conclusive absent manifest error and the failure of any Bank to make such a notation or any error therein shall not affect the obligation of the Borrower to repay the Loans made by such Bank in accordance with the terms of this Agreement and the applicable NotesAgreement.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Carson Pirie Scott & Co /Il/)

Notes; Repayment of Loans. The Loans made by each Bank shall be evidenced by a Note, duly executed on behalf of the Borrower, dated the Closing Date or the effective date of this Agreementthe applicable Assignment and Acceptance, as the case may be, in substantially the form attached hereto as Exhibit A, with the blanks appropriately filled, payable to the order of such Bank in a an aggregate principal amount equal to such Bank's Commitment. The outstanding principal balance of each Revolving Loan and Auction Loanall of the Loans, as evidenced by such a NoteNotes, shall be payable on the last day of the Interest Period applicable to Final Maturity Date (or such Loan and on the Expiration Dateearlier date as is set forth in Section 7.01 hereof). Each Note shall bear interest from the date of the first borrowing hereunder thereof on the outstanding principal balance thereof as set forth in Section 2.072.05. Each Bank shall, and is hereby authorized by the Borrower to, endorse on the schedule attached to each Note delivered to such Bank (or on a continuation of such schedule attached to such Note and made a part thereof), or otherwise to record in such Bank's internal records, an appropriate notation evidencing the date and amount of each Loan from such Bank, each payment and prepayment of principal of any such Loan, each payment of interest on any such Loan and the other information provided for on such schedule; provided, however, that any such recordation shall be conclusive absent manifest error and the failure of any Bank to make such a notation or any error therein shall not affect the obligation of the Borrower to repay the Loans made by such Bank in accordance with the terms of this Agreement and the applicable NotesAgreement.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Carson Pirie Scott & Co /Il/)

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Notes; Repayment of Loans. The Loans made by each Bank Lender shall be evidenced by a Note, duly executed on behalf of the Borrower, dated the Closing Date or the date of this Agreementthe effectiveness of the applicable Assignment and Acceptance, as the case may be, in substantially the form attached hereto as Exhibit A, with the blanks appropriately filled, payable to the order of such Bank Lender in a an aggregate principal amount equal to such BankLender's Commitment. Loans may be repaid and reborrowed in accordance with the provisions of this Agreement. The outstanding principal balance of each Revolving Loan and Auction Loanall of the Loans, as evidenced by such a NoteNotes, shall be payable on the last day of the Interest Period applicable to such Loan and on the Expiration Termination Date. Each Note shall bear interest from the date of the first borrowing hereunder thereof on the outstanding principal balance thereof as set forth in Section 2.072.7. Each Bank Lender shall, and is hereby authorized by the Borrower to, endorse on the schedule attached to each Note delivered to such Bank Lender (or on a continuation of such schedule attached to such Note and made a part thereof), or otherwise to record in such BankLender's internal records, an appropriate notation evidencing the date and amount of each Loan from such BankLender, each payment and prepayment of principal of any such Loan, each payment of interest on any such Loan and the other information provided for on such schedule; provided, however, that any such recordation shall be conclusive absent manifest error and the failure of any Bank Lender to make such a notation or any error therein shall not affect the obligation of the Borrower to repay the Loans made by such Bank Lender in accordance with the terms of this Agreement and the applicable Notes.

Appears in 1 contract

Samples: Revolving Credit Agreement (Payless Cashways Inc)

Notes; Repayment of Loans. The Loans Loan made by each Bank shall be evidenced by a Note, single Note duly executed on behalf of the Borrower, dated the date of this AgreementClosing Date, in substantially the form attached hereto as Exhibit A, A with the blanks appropriately filled, payable to the order of such Bank in a principal amount equal to the Loan made by such Bank's Commitment. The outstanding principal balance of each Revolving Loan and Auction Loan, as evidenced by such a Note, shall be payable on the last day of the Interest Period applicable to such Loan and on the Expiration Date. Each Note shall bear interest from the date of the first borrowing hereunder thereof on the outstanding principal balance thereof as set forth in Section 2.072.5. Each Bank shall, and is hereby authorized by the Borrower to, endorse on the schedule attached to each the relevant Note delivered to held by such Bank (or on a continuation of such schedule attached to each such Note and made a part thereof), or otherwise to record in such Bank's internal records, an appropriate notation evidencing the date and amount of each the Loan from of such Bank, each payment and or prepayment of principal of any such the Loan, each payment reborrowing of interest on any such principal of the Loan and the other information provided for on such schedule; provided, however, that any such recordation shall be conclusive absent manifest error and the failure of any Bank to make such a notation or any error therein shall not in any manner affect the obligation of the Borrower to repay the Loans Loan made by such Bank in accordance with the terms of this Agreement the relevant Note. The outstanding principal balance of each Loan, as evidenced by the relevant Note, shall be payable on the Maturity Date and the applicable Notesis subject to optional and mandatory prepayment as provided in Section 2.7.

Appears in 1 contract

Samples: Credit Agreement (Aqua America Inc)

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