Registered Notes. Agent agrees to record each Advance on the Register referenced in Section 14.1(h). Each Advance recorded on the Register (each a "Registered Loan") may not be evidenced by promissory notes other than Registered Notes (as defined below). Upon the registration of any Advance, Borrowers agree 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, in form and substance reasonably satisfactory to such Lender, and registered as provided in Section 14.1(h) (a "Registered Note"), payable to the order of such Lender and otherwise duly completed, provided that any Registered Note issued to evidence Advances shall be issued in the principal amount of the applicable Lender's Commitment. Once recorded on the Register, each Advance may not be removed from the Register so long as it remains outstanding, and a Registered Note may not be exchanged for a promissory note that it is not a Registered Note.
Appears in 2 contracts
Sources: Loan and Security Agreement (Peninsula Gaming Corp), Loan and Security Agreement (Old Evangeline Downs LLC)
Registered Notes. Agent agrees to record each Advance on Agent, acting for these purposes solely as agent of Borrower, shall maintain the Register referenced referred to in Section 14.1(h)14.1. Each Advance The Borrowings recorded on the Register (each a "“Registered Loan"”) may not be evidenced by promissory notes other than Registered Notes (as defined below). Upon the registration of any Advancethe Borrowings, Borrowers agree Borrower 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, in form and substance reasonably satisfactory to such Lender, and registered as provided in Section 14.1(h) 14.1 (a "“Registered Note"”), payable to the order of such Lender and otherwise duly completed, provided that any Registered Note issued to evidence Advances shall be issued in the principal amount of the applicable Lender's Commitment. Once recorded on the Register, each Advance the Borrowings evidenced by such Registered Note may not be removed from the Register so long as it remains they remain outstanding, and a Registered Note may not be exchanged for a promissory note that it is not a Registered Note.
Appears in 2 contracts
Sources: Loan and Security Agreement (GXS Corp), Loan and Security Agreement (MSC Software Corp)
Registered Notes. Agent Administrative Borrower agrees to record each Advance Term Loan B and Term Loan C on the Register referenced referred to in Section 14.1(h). Each Advance Term Loan B and Term Loan C recorded on the Register (each a the "Registered Loan") may not be evidenced by promissory notes other than Registered Notes (as defined below). Upon the registration of any AdvanceTerm Loan B or Term Loan C, Borrowers agree each U.S. Borrower 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, in form and substance reasonably satisfactory to such Lender, and registered as provided in Section 14.1(h) (a "Registered Note"), payable to the order of such Lender and otherwise duly completed, provided that any Registered Note issued to evidence Advances shall be issued in the principal amount of the applicable Lender's Commitment. Once recorded on the Register, each Advance a Registered Loan may not be removed from the Register so long as it remains outstanding, and a Registered Note may not be exchanged for a promissory note that it is not a Registered Note.
Appears in 1 contract
Registered Notes. Agent Administrative Borrower agrees to record each Advance Term Loan C on the Register referenced referred to in Section 14.1(h). Each Advance Term Loan C recorded on the Register (each a the "Registered Loan") may not be evidenced by promissory notes other than Registered Notes (as defined below). Upon the registration of any AdvanceTerm Loan C, Borrowers agree each Borrower agrees, at the request of any LenderLender with a Term Loan C Commitment, 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, in form and substance reasonably satisfactory to such Lender, and registered as provided in Section 14.1(h) (a "Registered Note"), payable to the order of such Lender and otherwise duly completed, provided that any Registered Note issued to evidence Advances shall be issued in the principal amount of the applicable Lender's Commitment. Once recorded on the Register, each Advance a Registered Loan may not be removed from the Register so long as it remains outstanding, and a Registered Note may not be exchanged for a promissory note that it is not a Registered Note.
Appears in 1 contract
Sources: Loan and Security Agreement (Elgin National Industries Inc)
Registered Notes. Agent agrees to record each Advance on the Register referenced in Section 14.1(h). Each Advance recorded on the Register (each a "“Registered Loan"”) may not be evidenced by promissory notes other than Registered Notes (as defined below). Upon the registration of any Advance, Borrowers agree Borrower 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, in form and substance reasonably satisfactory to such Lender, and registered as provided in Section 14.1(h) (a "“Registered Note"”), payable to the order of such Lender and otherwise duly completed, provided that any Registered Note issued to evidence Advances shall be issued in the principal amount of the applicable Lender's ’s Revolver Commitment. Once recorded on the Register, each Advance may not be removed from the Register so long as it remains or they remain outstanding, and a Registered Note may not be exchanged for a promissory note that it is not a Registered Note.
Appears in 1 contract
Sources: Loan and Security Agreement (Orbital Sciences Corp /De/)
Registered Notes. Agent Agent, as a non-fiduciary on behalf of Borrowers (or in the case of an assignment not recorded in the Register in accordance with Section 13.1(i), the assigning Lender), agrees to record each Advance Loan on the Register referenced (or in the case of an assignment not recorded in the Register in accordance with Section 13.1(i), a register comparable to the Register) referred to in Section 14.1(h13.1(i). Each Advance Loan recorded on the Register (each a "Registered Loan"or comparable register) may not be evidenced by promissory notes other than Registered Notes (as defined below). Upon the registration of any Advanceeach Loan on the Register, Borrowers agree each Borrower agrees, at the request of any LenderLender shown on the Register as the registered owner of such Loan, 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, in form and substance reasonably satisfactory to such Lender, and registered as provided in Section 14.1(h13.1(i) (a "“Registered Note"”), payable to the order of such Lender or registered assigns and otherwise duly completed, provided that any Registered Note issued to evidence Advances shall be issued in the principal amount of the applicable Lender's Commitment. Once recorded on the RegisterRegister (or comparable register), each Advance Loan may not be removed from the Register (or comparable register) so long as it remains or they remain outstanding, and a Registered Note may not be exchanged for a promissory note that it is not a Registered Note.
Appears in 1 contract
Sources: Credit Agreement (Buca Inc /Mn)
Registered Notes. Agent agrees to record each Advance on the Register referenced referred to in Section 14.1(h). Each Advance recorded on the Register (each a the "Registered Loan") may not be evidenced by promissory notes other than Registered Notes (as defined below). Upon the registration of any each Advance, Borrowers agree Borrower 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, in form and substance reasonably satisfactory to such Lender, and registered as provided in Section 14.1(h) (a "Registered Note"), payable to the order of such Lender and otherwise duly completed, provided that any Registered Note issued to evidence Advances shall be issued in the principal amount of the applicable Lender's Commitment. Once recorded on the Register, each Advance may not be removed from the Register so long as it remains or they remain outstanding, and a Registered Note may not be exchanged for a promissory note that it is not a Registered Note.
Appears in 1 contract
Registered Notes. Agent agrees to record each Advance Advance, Letter of Credit, and Term Loan on the Register referenced in Section 14.1(h13.1(h). Each Advance Advance, Letter of Credit, and Term Loan recorded on the Register (each a "“Registered Loan"”) may not be evidenced by promissory notes other than Registered Notes (as defined below). Upon the registration of any Advance, Borrowers agree Letter of Credit, and Term Loan, Borrower 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, in form and substance reasonably satisfactory to such Lender, and registered as provided in Section 14.1(h13.1(h) (a "“Registered Note"”), payable to the order of such Lender and otherwise duly completed, provided that any Registered Note issued to evidence Advances shall be issued in the principal amount of the applicable Lender's ’s Commitment. Once recorded on the Register, each Advance may not be removed from the Register so long as it remains outstanding, and a Registered Note may not be exchanged for a promissory note that it is not a Registered Note.
Appears in 1 contract
Registered Notes. Agent agrees to record each Advance on the Register referenced in Section 14.1(h). Each Advance recorded on the Register (each a "“Registered Loan"”) may not be evidenced by promissory notes other than Registered Notes (as defined below). Upon the registration of any Advance, Borrowers agree 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, in form and substance reasonably satisfactory to such Lender, and registered as provided in Section 14.1(h) (a "“Registered Note"”), payable to the order of such Lender and otherwise duly completed, provided that any Registered Note issued to evidence Advances shall be issued in the principal amount of the applicable Lender's ’s Commitment. Once recorded on the Register, each Advance may not be LEGAL_US_W # 62188650.14 removed from the Register so long as it remains outstanding, and a Registered Note may not be exchanged for a promissory note that it is not a Registered Note.
Appears in 1 contract
Sources: Loan and Security Agreement (Peninsula Gaming, LLC)
Registered Notes. Agent Borrower agrees to record each Advance on the Register referenced referred to in Section 14.1(h). Each Advance recorded on the Register (each a "Registered Loan") may not be evidenced by promissory notes other than Registered Notes (as defined below). Upon the registration of any Advance, Borrowers agree Borrower 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, in form and substance reasonably satisfactory to Agent and such Lender, and registered as provided in Section 14.1(h) (a "Registered Note"), payable to the order of such Lender and otherwise duly completed, provided that any Registered Note issued to evidence Advances shall be issued in the principal amount of the applicable Lender's Commitment. Once recorded on the Register, each Advance may not be removed from the Register so long as it remains or they remain outstanding, and a Registered Note may not be exchanged for a promissory note that it is not a Registered Note.
Appears in 1 contract
Registered Notes. Agent The Revolving Agent, acting solely for this purpose as a non-fiduciary agent on behalf of the Borrowers (or in the case of an assignment not recorded in the Register in accordance with Section 14.1(j), the assigning Lender) agrees to record each Advance the Commitments, Advances, and Term Loan on the Register referenced in Section 14.1(h)Register. Each Advance Commitment, Advance, and Term Loan recorded on the Register (each a "Registered Loan") may not be evidenced by promissory notes other than Registered Notes (as defined below). Upon the registration of any each Commitment, Advance, Borrowers agree and Term Loan, each Borrower 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, in form and substance reasonably satisfactory to such Lender, and registered as provided in Section 14.1(h14.1(i) (a "“Registered Note"”), payable to the order of such Lender or its registered assigns and otherwise duly completed, provided that any Registered Note issued to evidence Advances shall be issued in the principal amount of the applicable Lender's Commitment. Once recorded on the Register, each Advance no Commitment, Advance, or Term Loan may not be removed from the Register so long as it remains or they remain outstanding, and a Registered Note may not be exchanged for a promissory note that it is not a Registered Note.
Appears in 1 contract