Common use of Notes; Repayment of Loans Clause in Contracts

Notes; Repayment of Loans. (a) All Loans made by a ------------------------- Lender shall be evidenced by a single Note, duly executed by the Borrowers, dated the Effective Date, and delivered to and made jointly and severally payable to the order of such Lender in a principal amount equal to its Commitment on such date. (b) The outstanding principal balance of each Loan shall be due and payable on the Final Maturity Date.

Appears in 1 contract

Sources: Financing Agreement (Norton McNaughton Inc)

Notes; Repayment of Loans. (a) All Loans made by a ------------------------- Lender Each Loan shall be evidenced by a single Note, duly executed by the Borrowers, dated the Effective Date, and delivered to and made jointly and severally payable to the order of such Lender Note in a principal amount equal to its the Commitment for such Loan, duly executed on such datebehalf of the applicable Borrower, dated the Closing Date. (b) The outstanding To the extent not previously paid, the principal balance of each of, and all accrued and unpaid interest on, the Loans, and all other sums payable under the Loan Documents, shall be become due and payable on the Final Maturity Date. Each Note shall bear interest from its date on the outstanding principal balance thereof, as provided in Section 2.04.

Appears in 1 contract

Sources: Credit Agreement (River Distribution Sub Inc)

Notes; Repayment of Loans. (a) All Loans made by a ------------------------- Lender Each Loan shall be evidenced by a single Note, duly executed by on behalf of the Borrowersapplicable Borrower, dated the Effective Closing Date, and delivered to and made jointly and severally payable to the order of such Lender in a principal amount equal to its Commitment on such date. (b) The outstanding To the extent not previously paid, the principal balance of each of, and all accrued and unpaid interest on, the Loans, and all other sums payable under the Loan Documents, shall be become due and payable on the Final Maturity Date. Each Note shall bear interest from its date on the outstanding principal balance thereof, as provided in Section 2.04.

Appears in 1 contract

Sources: Credit Agreement (Rb Asset Inc)