Common use of Registered Notes Clause in Contracts

Registered Notes. Administrative Borrower agrees to record each Term Loan on the Register referred to in Section 11.2(g). Each Term Loan recorded on the Register may not be evidenced by promissory notes other than Registered Notes (as defined below). Upon the registration of each Term Loan, Administrative Borrower agrees to execute and deliver to such Lender a promissory note, in conformity with the terms of this Agreement, in registered form to evidence such Registered Loan, substantially in the form attached hereto as Exhibit C, and registered as provided in Section 11.2(g) (a "Registered Note"), payable to the order of such Lender and otherwise duly completed. Once recorded on the Register, each Term Loan may not be removed from the Register so long as it or they remain outstanding, and a Registered Note may not be exchanged for a promissory note that is not a Registered Note.

Appears in 3 contracts

Samples: Credit Agreement (Salton Inc), Credit Agreement (Salton Inc), Credit Agreement (Salton Inc)

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Registered Notes. Administrative Borrower agrees to record each Term Loan Borrowing on the Register referred to in Section 11.2(g14.1(h). Each Term Loan Borrowing recorded on the Register (the “Registered Loan”) may not be evidenced by promissory notes other than Registered Notes (as defined below). Upon the registration of each Term Loanany Borrowing, Administrative Borrower agrees agrees, at the request of any Lender, to execute and deliver to such Lender a promissory note, in conformity with the terms of this Agreement, in registered form to evidence such Registered Loan, substantially in the form attached hereto as Exhibit Cand substance satisfactory to such Lender, and registered as provided in Section 11.2(g14.1(h) (a "Registered Note"), payable to the order of such Lender and otherwise duly completed. Once recorded on the Register, each Term a Registered Loan may not be removed from the Register so long as it or they remain remains outstanding, and a Registered Note may not be exchanged for a promissory note that is not a Registered Note.

Appears in 2 contracts

Samples: Loan and Security Agreement (Trust Created February 25 1986), Loan and Security Agreement (Evergreen Holdings Inc)

Registered Notes. Administrative Borrower Foamex agrees to record each Term Loan on the Register referred to in Section 11.2(g). Each Term Loan recorded on the Register (the "Registered Loan") may not be evidenced by promissory notes other than Registered Notes (as defined below). Upon the registration of each Term Loan, Administrative each Borrower agrees agrees, at the request of any Lender, to execute and deliver to such Lender a promissory note, in conformity with the terms of this Agreement, in registered form to evidence such Registered Loan, substantially in the form attached hereto as of Exhibit CA, and registered as provided in Section 11.2(g) (a "Registered Note"), payable to the order of such Lender and otherwise duly completed. Once recorded on the Register, each Term Loan may not be removed from the Register so long as it or they remain outstanding, and a Registered Note may not be exchanged for a promissory note that is not a Registered Note.

Appears in 2 contracts

Samples: Possession Credit Agreement (Foamex L P), Credit Agreement (Foamex International Inc)

Registered Notes. Administrative Borrower agrees to record each Term Loan on the Register referred to in Section 11.2(g). Each Term Loan recorded on the Register may not be evidenced by promissory notes other than Registered Notes (as defined below). Upon the registration of each Term Loan, Administrative Borrower agrees agrees, at the request of any Lender, to execute and deliver to such Lender a promissory note, in conformity with the terms of this Agreement, in registered form to evidence such Registered Loan, substantially in the form attached hereto as Exhibit Cand substance reasonably satisfactory to such Lender, and registered as provided in Section 11.2(g) (a "Registered Note"), payable to the order of such Lender and otherwise duly completed. Once recorded on the Register, each Term Loan may not be removed from the Register so long as it or they remain outstanding, and a Registered Note may not be exchanged for a promissory note that is not a Registered Note.

Appears in 1 contract

Samples: Credit Agreement (Salton Inc)

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Registered Notes. Administrative Borrower agrees to record each Term Loan on the Register referred to in Section 11.2(g14.1(h). Each Term Loan recorded on the Register (the "Registered Loan") may not be evidenced by promissory notes other than Registered Notes (as defined below). Upon the registration of each Term Loan, Administrative each Borrower agrees agrees, at the request of any Lender, to execute and deliver to such Lender a promissory note, in conformity with the terms of this Agreement, in registered form to evidence such Registered Loan, substantially in the form attached hereto as Exhibit Cand substance reasonably satisfactory to such Lender, and registered as provided in Section 11.2(g14.1(h) (a "Registered Note"), payable to the order of such Lender and otherwise duly completed. Once recorded on the Register, each Term Loan may not be removed from the Register so long as it or they remain outstanding, and a Registered Note may not be exchanged for a promissory note that is not a Registered Note.

Appears in 1 contract

Samples: Loan and Security Agreement (Outsourcing Services Group Inc)

Registered Notes. Administrative The Borrower agrees to record each Term Loan on the Register referred to in Section 11.2(g)12.06. Each Term Loan recorded on the Register (the "Registered Loan") may not be evidenced by promissory notes other than Registered Notes (as defined below)Notes. Upon the registration of each Term any Loan, Administrative the Borrower agrees agrees, at the request of any Lender, to execute and deliver to such Lender a promissory note, in conformity with the terms of this Agreement, in registered form to evidence such Registered Loan, substantially in the form attached hereto as Exhibit Cand substance reasonably satisfactory to such Lender, and registered as provided in Section 11.2(g12.06(a) (a "Registered Note"), payable to the order of such Lender and otherwise duly completed. Once recorded on the Register, each Term the Loan or Loans evidenced by such Registered Note may not be removed from the Register so long as it or they remain remains outstanding, and a Registered Note may not be exchanged for a promissory note that is not a Registered Note.

Appears in 1 contract

Samples: Credit Agreement (Corrida Resources Inc)

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