Common use of Notes; Repayment of Loans Clause in Contracts

Notes; Repayment of Loans. (a) The Term Loan made by a Lender shall be evidenced by a single Term Note, duly executed on behalf of the Borrowers, dated the Closing Date, in substantially the form of Exhibit A annexed hereto, delivered and payable to such Lender in a principal amount equal to its Term Loan Commitment on such date or if less, the outstanding amount of such Lender's Term Loan. All Revolving Credit Loans made by a Lender to the Borrowers shall be evidenced by a single Revolving Credit Note, duly executed on behalf of the Borrowers, dated the Closing Date, in substantially the form of Exhibit B annexed hereto, delivered and payable to such Lender in a principal amount equal to its Revolving Credit Commitment. The outstanding balance of each Revolving Credit Loan, as evidenced by any such Revolving Credit Note, shall mature and be due and payable on the Revolving Credit Termination Date.

Appears in 2 contracts

Samples: Credit Agreement (SLM International Inc /De), Credit Agreement (SLM International Inc /De)

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Notes; Repayment of Loans. (a) The Term Loan Loan, as continued hereunder made by a Lender shall be evidenced by a single Term Note, duly executed on behalf of the Borrowers, dated the Closing Date, in substantially the form of Exhibit A annexed hereto, delivered and payable to such Lender in a principal amount equal to its Term Loan Commitment on such date or if less, the outstanding amount of such Lender's Term Loandate. All Revolving Credit Loans made by a Lender to the Borrowers shall be evidenced by a single Revolving Credit Note, duly executed on behalf of the Borrowers, dated the Closing Date, in substantially the form of Exhibit B annexed hereto, delivered and payable to such Lender in a principal amount equal to its Revolving Credit CommitmentCommitment on such date. The outstanding balance of each Revolving Credit Loan, as evidenced by any such Revolving Credit Note, shall mature and be due and payable on the Revolving Credit Termination Date.

Appears in 1 contract

Samples: Security Agreement (Manischewitz B Co LLC)

Notes; Repayment of Loans. (a1) The Term Loan made by a Lender shall be evidenced by a single Term Note, duly executed on behalf of the Borrowers, dated the Original Closing Date, in substantially the form of Exhibit A annexed hereto, delivered and payable to such Lender in a principal amount equal to its Term Loan Commitment on such date or if less, the outstanding amount of such Lender's Term Loandate. All Revolving Credit Loans made by a Lender to the Borrowers shall be evidenced by a single Revolving Credit Note, duly executed on behalf of the Borrowers, dated the Original Closing Date, in substantially the form of Exhibit B annexed hereto, delivered and payable to such Lender in a principal amount equal to its Revolving Credit CommitmentCommitment in respect of the Borrowers on the Closing Date. The outstanding balance of each Revolving Credit Loan, as evidenced by any such Revolving Credit Note, shall mature and be due and payable on the Revolving Credit Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Donnkenny Inc)

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Notes; Repayment of Loans. (a) The Term Loan made by ------------------------- a Lender on the Closing Date to the Borrowers shall be evidenced by a single Term Note, duly executed on behalf of the Borrowers, dated the Closing Date, in substantially the form of Exhibit A annexed hereto, delivered and payable to --------- such Lender in a principal amount equal to its Term Loan Commitment on such date or if less, the outstanding amount of such Lender's Term Loandate. All Revolving Credit Loans made by a Lender to the Borrowers shall be evidenced by a single Revolving Credit Note, duly executed on behalf of the Borrowers, dated the Closing Date, in substantially the form of Exhibit B --------- annexed hereto, delivered and payable to such Lender in a principal amount equal to its Revolving Credit CommitmentCommitment in respect of the Borrowers on such date. The outstanding balance of each Revolving Credit Loan, as evidenced by any such Revolving Credit Note, shall mature and be due and payable on the Revolving Credit Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Matthews Studio Equipment Group)

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