Common use of Promise to Repay Clause in Contracts

Promise to Repay. The Borrower hereby promises to pay when due the principal amount of each Loan which is made to it, and further agrees to pay all unpaid interest accrued thereon, in accordance with the terms of this Agreement and the Notes. Unless a Lender elects not to receive any such promissory note, the Borrower shall execute and deliver to each Lender on the Closing Date, a promissory note, in form and substance acceptable to the Administrative Agent and such Lender, evidencing the Loans and thereafter shall execute and deliver such other promissory notes as are necessary to evidence the Loans owing to the Lenders after giving effect to any assignment thereof pursuant to Section 14.1, all in form and substance acceptable to the Administrative Agent, the applicable Lenders and the parties to such assignment (all such promissory notes and all amendments thereto, replacements thereof and substitutions therefor being collectively referred to as the “Notes”; and “Note” means any one of the Notes).

Appears in 2 contracts

Samples: Term Loan Agreement (WP Glimcher Inc.), Term Loan Agreement (Washington Prime Group, L.P.)

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Promise to Repay. The Borrower Borrowers hereby promises promise to pay when due the principal amount of each Loan which is made to it, and further agrees to pay all unpaid interest accrued thereon, in accordance with the terms of this Agreement and the Notes. Unless a Lender elects not to receive any such promissory note, the Borrower Borrowers shall execute and deliver to each Lender on the Closing Date, a promissory note, in form and substance acceptable to the Administrative Agent and such Lender, evidencing the Loans and thereafter shall execute and deliver such other promissory notes as are necessary to evidence the Loans owing to the Lenders after giving effect to any assignment thereof pursuant to Section 14.1, all in form and substance acceptable to the Administrative Agent, the applicable Lenders and the parties to such assignment (all such promissory notes and all amendments thereto, replacements thereof and substitutions therefor being collectively referred to as the “Notes”; and “Note” means any one of the Notes).

Appears in 2 contracts

Samples: Senior Secured Term Loan Agreement (Washington Prime Group, L.P.), Senior Secured Term Loan Agreement (Washington Prime Group, L.P.)

Promise to Repay. The Borrower and the Company, jointly and ---------------- severally, each hereby promises agrees to pay when due the principal amount of each Loan which is made to it, and further agrees to pay all unpaid interest accrued thereon, in accordance with the terms of this Agreement and the Notes. Unless a Lender elects not to receive any such promissory note, the The Borrower shall execute and deliver to each Lender on the Closing Date, a promissory note, in form and substance acceptable to the Administrative Agent and such Lender, evidencing the Loans and thereafter shall execute and deliver such other promissory notes as are necessary to evidence the Loans owing to the Lenders after giving effect to any assignment thereof pursuant to Section 14.115.1, ------------ all in form and substance acceptable to the Administrative Agent, the applicable Lenders Agent and the parties to such assignment (all such promissory notes and all amendments thereto, replacements thereof and substitutions therefor being collectively referred to as the "Notes"; and "Note" means any one of the Notes).. ----- ----

Appears in 1 contract

Samples: Credit Agreement (Simon Property Group L P /De/)

Promise to Repay. The Borrower hereby promises agrees to pay when due due, without setoff or counterclaim, the principal amount of each the Term Loan which is made to it, and further agrees to pay all unpaid interest accrued thereon, in accordance with the terms of this Agreement and the Notes. Unless a Lender elects not to receive any such promissory note, the The Borrower shall execute and deliver to each Lender on or prior to the Closing Date, a promissory note, in the form and substance acceptable to the Administrative Agent and such Lenderof EXHIBIT B attached hereto with blanks appropriately completed, evidencing the Term Loans and thereafter shall execute and deliver such other promissory notes as are necessary to evidence the Term Loans made to it owing to the Lenders after giving effect to any assignment thereof pursuant to Section 14.1, all in the form and substance acceptable to the Administrative Agent, the applicable Lenders and the parties to such assignment of EXHIBIT B attached hereto with blanks appropriately completed (all such promissory notes and all amendments thereto, replacements thereof and substitutions therefor being collectively referred to as the “Notes”"NOTES"; and “Note” "NOTE" means any one of the Notes).

Appears in 1 contract

Samples: Term Loan Agreement (Reckson Associates Realty Corp)

Promise to Repay. The Borrower hereby promises agrees to pay when due due, without setoff or counterclaim, the principal amount of each the Term Loan which is made to it, and further agrees to pay all unpaid interest accrued thereon, in accordance with the terms of this Agreement and the Notes. Unless a Lender elects not to receive any such promissory note, the The Borrower shall execute and deliver to each Lender on or prior to the Closing Date, a promissory note, in the form and substance acceptable to the Administrative Agent and such Lenderof Exhibit B attached hereto with blanks appropriately completed, evidencing the Term Loans and thereafter shall execute and deliver such other promissory notes as are necessary to evidence the Term Loans made to it owing to the Lenders after giving effect to any assignment thereof pursuant to Section 14.1, all in the form and substance acceptable to the Administrative Agent, the applicable Lenders and the parties to such assignment of Exhibit B attached hereto with blanks appropriately completed (all such promissory notes and all amendments thereto, replacements thereof and substitutions therefor being collectively referred to as the "Notes"; and "Note" means any one of the Notes).

Appears in 1 contract

Samples: Term Loan Agreement (Reckson Associates Realty Corp)

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Promise to Repay. The Borrower hereby promises promisespromise to pay when due the principal amount of each Loan which is made to it, and further agrees agreesagree to pay all unpaid interest accrued thereon, in accordance with the terms of this Agreement and the Notes. Unless a Lender elects not to receive any such promissory note, the Borrower shall execute and deliver to each Lender on the Closing Date, a promissory note, in form and substance acceptable to the Administrative Agent and such Lender, evidencing the Loans and thereafter shall execute and deliver such other promissory notes as are necessary to evidence the Loans owing to the Lenders after giving effect to any assignment thereof pursuant to Section 14.114.1 or any increase in such Lender’s Term Commitments pursuant to Section 2.1(e), all in form and substance acceptable to the Administrative Agent, the applicable Lenders and the parties to such assignment (all such promissory notes and all amendments thereto, replacements thereof and substitutions therefor being collectively referred to as the “Notes”; and “Note” means any one of the Notes).

Appears in 1 contract

Samples: Term Loan Agreement (Washington Prime Group, L.P.)

Promise to Repay. The Each Borrower hereby promises hereby, jointly and severally, agrees to pay when due the principal amount of each Loan which is made to itLoan, and further agrees to pay all unpaid interest accrued thereon, in accordance with the terms of this Agreement and the Notes. Unless a Lender elects not to receive any such promissory note, the Each Borrower shall execute and deliver to each Lender on the Closing Date, a joint and several promissory note, substantially in the form and substance acceptable to the Administrative Agent and such Lenderof Exhibit B, with appropriate insertions, evidencing the Loans and thereafter shall execute and deliver such other promissory notes substantially in the form of Exhibit B as are necessary to evidence the Loans owing to the Lenders after giving effect to any assignment thereof pursuant to Section 14.1, all in form and substance acceptable to the Administrative Agent, the applicable Lenders and the parties to such assignment 10.1 (all such promissory notes and all amendments thereto, replacements thereof and substitutions therefor being collectively referred to as the “Notes”"NOTES"; and “Note” "NOTE" means any one of the NotesNOTES).

Appears in 1 contract

Samples: Credit Agreement (Lexington Corporate Properties Trust)

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