Common use of Restated Note Clause in Contracts

Restated Note. Concurrently with the execution and delivery of this Amendment, the Borrower shall execute and deliver to the Bank an Amended and Restated Committed Line of Credit Note (the “Restated Note”) evidencing the Line of Credit in the principal amount of $30,000,000.00, in form and substance satisfactory to the Bank. Upon receipt by the Bank of the Restated Note, the Existing Note shall be canceled; all accrued and unpaid interest on the Existing Note shall thereafter be evidenced by the Restated Note; and all references to the “Note” evidencing the Line of Credit in any documents relating Form 17A – Multistate Rev. 05/19 thereto shall thereafter be deemed to refer to the Restated Note. Without duplication, the Restated Note shall not constitute a novation and shall in no way extinguish the Borrower’s unconditional obligation to repay all indebtedness, including accrued and unpaid interest, evidenced by the Existing Note.

Appears in 2 contracts

Samples: Loan Documents (Wesbanco Inc), Loan Documents (Wesbanco Inc)

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Restated Note. Concurrently with the execution and delivery of this Amendment, the Borrower shall execute and deliver to the Bank an Amended and Restated Committed Line of Credit Note a restated note (the “Restated Note”) evidencing the Line of Credit in the principal amount of $30,000,000.0020,000.000.00, in form and substance satisfactory to the Bank. Upon receipt by the Bank of the Restated Note, the Existing existing Line of Credit Note shall be canceled; the Line of Credit and all accrued and unpaid interest on the Existing Note shall thereafter be evidenced by the Restated Note; and all references to the “Note” evidencing the Line of Credit in any documents relating Form 17A – Multistate Rev. 05/19 thereto shall thereafter be deemed to refer to the Restated Note. Without duplication, the Restated Note shall not constitute a novation and shall in no way extinguish the Borrower’s unconditional obligation to repay all indebtedness, including accrued and unpaid interest, evidenced by the Existing Note.

Appears in 1 contract

Samples: Loan Documents (Middlesex Water Co)

Restated Note. Concurrently with the execution and delivery of this Amendment, the Borrower shall execute and deliver to the Bank an Amended and Restated Committed Line of Credit Note a restated note (the “Restated Note”) evidencing the Line of Credit in the principal amount of $30,000,000.0015,000,000.00, in form and substance satisfactory to the Bank. Upon receipt by the Bank of the Restated Note, the Existing Line of Credit Note shall be canceled; the Line of Credit and all accrued and unpaid interest on the Existing Line of Credit Note shall thereafter be evidenced by the Restated Note; and all references to the “Note” evidencing the Line of Credit in any documents relating Form 17A – Multistate Rev. 05/19 thereto shall thereafter be deemed to refer to the Restated Note. Without duplication, the Restated Note shall not constitute a novation and shall in no way extinguish the Borrower’s unconditional obligation to repay all indebtedness, including accrued and unpaid interest, evidenced by the Existing Line of Credit Note.

Appears in 1 contract

Samples: Loan Documents (EPAM Systems, Inc.)

Restated Note. Concurrently with the execution and delivery of this Amendment, the Borrower shall execute and deliver to the Bank an Amended and Restated Committed Line of Credit Note a restated note (the “Restated Note”) ), evidencing the Line of Credit in the principal amount of Two Million Dollars and no cents ($30,000,000.00, 2,000,000.00) in form and substance satisfactory to the Bank, a copy of which is attached hereto. Upon receipt by the Bank of the Restated Note, the Existing existing Note shall be canceled; the Line of Credit and all accrued and unpaid interest on the Existing existing Note shall thereafter be evidenced by the Restated Note; and all references to the “Note” evidencing the Line of Credit in any documents relating Form 17A – Multistate Rev. 05/19 thereto shall thereafter be deemed to refer to the Restated Note. Without duplication, the Restated Note shall not constitute a novation and shall in no way extinguish the Borrower’s unconditional obligation to repay all indebtedness, including accrued and unpaid interest, evidenced by the Existing existing Note.

Appears in 1 contract

Samples: Brekford Corp.

Restated Note. Concurrently with the execution and delivery of this Amendment, the Borrower shall execute and deliver to the Bank an Amended and Restated Committed Line of Credit Note (the “Restated Note”) ), evidencing the Line of Credit in the principal amount of $30,000,000.00, 200,000,000.00 in form and substance satisfactory to the Bank. Upon receipt by the Bank of the Restated Note, the Existing Line of Credit Note shall be canceled; the Line of Credit and all accrued and unpaid interest on the Existing existing Line of Credit Note shall thereafter be evidenced by the Restated Note; and all references to the “Note” evidencing the Line of Credit in any documents relating Form 17A – Multistate Rev. 05/19 thereto shall thereafter be deemed to refer to the Restated Note. Without duplication, the Restated Note shall not constitute a novation and shall in no way extinguish the Borrower’s unconditional obligation to repay all indebtedness, including accrued and unpaid interest, evidenced by the Existing Line of Credit Note.

Appears in 1 contract

Samples: Loan Documents (Healthcare Services Group Inc)

Restated Note. Concurrently with the execution and delivery of this Amendment, the Borrower shall execute and deliver to the Bank Lender an Amended and Restated Committed Line of Revolving Credit Note (the “Restated Loan Note”) , evidencing the Line of Revolving Credit Loan in the principal amount of $30,000,000.00, 1,500,000 in form and substance satisfactory to the BankLender (the “Restated Note”). Upon receipt by the Bank Lender of the Restated Note, the Existing Note shall be canceled; Revolving Credit Loan and all accrued and unpaid interest on that certain Revolving Credit Loan Note dated April 4, 2014 in the original principal amount of $1,500,000 (the “Existing Note Revolving Note”) shall thereafter be evidenced by the Restated Note; and all references to the “Revolving Credit Loan Note” or “Note” evidencing the Line of Revolving Credit Loan in any documents the Loan Documents relating Form 17A – Multistate Rev. 05/19 thereto shall thereafter be deemed to refer to the Restated Note. Without duplication, the Restated Note shall not constitute a novation and shall in no way extinguish the Borrower’s unconditional obligation to repay all indebtedness, including accrued and unpaid interest, evidenced by the Existing Revolving Note.

Appears in 1 contract

Samples: Loan and Security Agreement (Pen Inc.)

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Restated Note. Concurrently with the execution and delivery of this AmendmentAgreement, the Borrower Borrowers shall execute and deliver to the Bank an Amended and Restated Committed Line of Credit Note a restated note (the "Restated Note”) "), evidencing the Line of Credit in the principal amount of $30,000,000.00, 10,000,000.00 in the form and substance satisfactory to the Bankof Exhibit A attached hereto. Upon receipt by the Bank of the Restated Note, the Existing original Revolving Note shall be canceledcancelled and returned to the Borrower; the Line of Credit and all accrued and unpaid interest on the Existing original Revolving Note shall thereafter be evidenced by the Restated Note; and all references to the "Revolving Note" evidencing the Line of Credit in any documents relating Form 17A – Multistate Rev. 05/19 thereto shall thereafter be deemed to refer to the Restated Note. Without duplication, the Restated Note shall not constitute a novation and shall in no way extinguish the Borrower’s 's unconditional obligation to repay all indebtedness, including accrued and unpaid interest, evidenced by the Existing original Revolving Note.

Appears in 1 contract

Samples: Fifth Modification Agreement (Right Management Consultants Inc)

Restated Note. Concurrently with the execution and delivery of this Amendment, the Borrower shall execute and deliver to the Bank an Amended amended and Restated Committed Line of Credit Note restated note (the “Restated Note”) evidencing the Line of Credit in the original principal amount of $30,000,000.0040,000,000.00, in form and substance satisfactory to the Bank. Upon receipt by the Bank of the Restated Note, the Existing Note shall be canceled; the loan evidenced by the Existing Note (the “Existing Loan”) and all accrued and unpaid interest on the Existing Note shall thereafter be evidenced by the Restated Note; and all references to the “Note” promissory note evidencing the Line of Credit Existing Loan in any documents relating Form 17A – Multistate Rev. 05/19 thereto thereto, howsoever named, shall thereafter be deemed to refer to the Restated Note. Without duplication, the Restated Note shall not constitute a novation and shall in no way extinguish the Borrower’s unconditional obligation to repay all indebtedness, including accrued and unpaid interest, evidenced by the Existing Note.

Appears in 1 contract

Samples: Loan Documents (Middlesex Water Co)

Restated Note. Concurrently with the execution and delivery of this Amendment, the Borrower shall execute and deliver to the Bank an Amended and Restated Committed Revolving Line of Credit Note (the “Restated Note”) evidencing the Line of Credit in the principal amount of $30,000,000.00, in form and substance satisfactory to the Bank. Upon receipt by the Bank of the Restated Note, the Existing Note shall be canceledcancelled; all accrued and unpaid interest on the Existing Note shall thereafter be evidenced by the Restated Note; and all references to the “Note” evidencing the Line of Credit in any documents relating Form 17A – Multistate Rev. 05/19 thereto shall thereafter be deemed to refer to the Restated Note. Without duplication, the Restated Note shall not constitute a novation and shall in no way extinguish the Borrower’s unconditional obligation to repay all indebtedness, including accrued and unpaid interest, evidenced by the Existing Note.

Appears in 1 contract

Samples: Loan Documents (Wesbanco Inc)

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