Common use of Revolving Credit Note Clause in Contracts

Revolving Credit Note. The Revolving Credit Loans made by the Lender shall be evidenced by a promissory note of the Company (the "Revolving Credit Note"), substantially in the form attached hereto as Exhibit A, appropriately completed, duly executed and delivered on behalf of the Company and payable to the order of the Lender in a principal amount equal to the Revolving Credit Commitment of the Lender. The Revolving Credit Note shall (a) be dated the Closing Date, (b) be stated to mature on the Revolving Credit Commitment Termination Date, and (c) bear interest from the date thereof until paid in full on the unpaid principal amount thereof from time to time outstanding as provided in Section 3.01. The Lender is authorized to record the date, Type and amount of each Revolving Credit Loan and the date and amount of each payment or prepayment of principal of each Revolving Credit Loan in the Lender's records or on the grid schedule annexed to the Revolving Credit Note; provided, however, that the failure of the Lender to set forth each such Revolving Credit Loan, payment and other information shall not in any manner affect the obligation of the Company to repay each Revolving Credit Loan made by the Lender in accordance with the terms of its Revolving Credit Note and this Agreement. The Revolving Credit Note, the grid schedule and the books and records of the Lender shall constitute presumptive evidence of the information so recorded absent manifest error.

Appears in 2 contracts

Samples: Credit Agreement (Global Payment Technologies Inc), Credit Agreement (Global Payment Technologies Inc)

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Revolving Credit Note. The Revolving Credit Loans made by the each Lender shall be evidenced by a promissory note of the Company Companies, (individually the "Revolving Credit Note" and collectively the "Revolving Credit Notes"), substantially in the form attached hereto as Exhibit A, each appropriately completed, duly executed and delivered on behalf of the Company Companies and payable to the order of the such Lender in a principal amount equal to the Revolving Credit Commitment of the such Lender. The Each Revolving Credit Note shall (a) be dated the Closing Date, (b) be stated to mature on the Revolving Credit Commitment Termination Date, and (c) bear interest from the date thereof until paid in full on the unpaid principal amount thereof from time to time outstanding as provided in Section 3.01. The Each Lender is authorized to record the date, Type and amount of each Revolving Credit Loan and the date and amount of each payment or prepayment of principal of each Revolving Credit Loan in the such Lender's records or on the grid schedule annexed to the Revolving Credit Note; provided, however, that the failure of the a Lender to set forth each such Revolving Credit Loan, payment and other information shall not in any manner affect the obligation of the Company Companies to repay each Revolving Credit Loan made by the such Lender in accordance with the terms of its Revolving Credit Note and this Agreement. The Revolving Credit Note, the grid schedule and the books and records of the each Lender shall constitute presumptive evidence of the information so recorded absent manifest error.

Appears in 2 contracts

Samples: Credit Agreement (Edo Corp), Credit Agreement (Edo Corp)

Revolving Credit Note. The Revolving Credit Loans Advances made by the Lender Bank pursuant to --------------------- Section 2.2 hereof shall be evidenced by a promissory note of the Company Company, payable to the order of the Bank, substantially in the form of Exhibit A hereto, with blanks appropriately completed (the "Revolving Credit Note"), substantially in ) representing the form attached hereto as Exhibit A, appropriately completed, duly executed and delivered on behalf obligation of the Company to pay the lesser of (a) the Revolving Credit Commitment or, (b) the aggregate unpaid amount of all Advances made by the Bank plus interest. The Revolving Credit Note shall bear interest on the unpaid principal balance thereof from time to time outstanding at a rate per annum to be elected by the Company in accordance with the notice provisions set forth in Section 2.4 hereof, and in the case of LIBOR Rate Loans for the Interest Periods of one, two, three or six months as therein specified, equal to either (1) the LIBOR Rate plus 1.50%, or (2) the Prime Rate (which interest rate will change when and as the Prime Rate changes). In all cases interest shall be computed on the basis of a 360-day year for actual days elapsed and shall be payable as provided in Section 2.8(a) hereof. After any stated or accelerated maturity, the Revolving Credit Note shall bear interest at the Post Default Rate. The Revolving Credit Note shall be dated the date of this Agreement, be payable to the order of the Lender in a principal amount equal to the Revolving Credit Commitment of the Lender. The Revolving Credit Note shall (a) be dated the Closing Date, (b) Bank and be stated to mature on the Revolving Credit Commitment Termination Date, and (c) bear interest from . The Bank is hereby irrevocably authorized by the date thereof until paid in full Company to enter on the unpaid principal amount thereof from time to time outstanding as provided in Section 3.01. The Lender is authorized to record the date, Type and amount of each Revolving Credit Loan and the date and amount of each payment or prepayment of principal of each Revolving Credit Loan in the Lender's records or on the grid schedule annexed attached to the Revolving Credit NoteNote the amount of each Advance made by it, each payment thereon, and the other information provided for on such schedule; provided, however, that the failure of the Lender to set forth each make any such Revolving Credit Loan, payment and other information entry with respect to any Advance shall not in any manner limit or otherwise affect the obligation of the Company to repay each the same and, in all events, the principal amount owing by the Company in respect to the Revolving Credit Loan Note shall be the aggregate amount of all Advances made by the Lender in accordance with Bank less all payments of principal thereon made by the terms Company. The Bank may attach one or more continuations to such schedule as and when required. The aggregate unpaid principal balance of the Advances set forth on the schedule attached to its Revolving Credit Note and this Agreement. The Revolving Credit Note, the grid schedule and the books and records of the Lender shall constitute be presumptive evidence of the information so recorded absent manifest errorprincipal amount owing and paid thereon.

Appears in 2 contracts

Samples: Credit and Term Loan Agreement (Hi Tech Pharmacal Co Inc), Credit and Term Loan Agreement (Hi Tech Pharmacal Co Inc)

Revolving Credit Note. The Revolving Credit Loans made by the each Lender shall be evidenced by a promissory note of the Company (the "individually a “Revolving Credit Note"” and, collectively, the “Revolving Credit Notes”), substantially in the form attached hereto as Exhibit A, each appropriately completed, duly executed and delivered on behalf of the Company and payable to the order of the such Lender in a principal amount equal to the Revolving Credit Commitment of the such Lender. The Each Revolving Credit Note shall (a) be dated the Closing Date, (b) be stated to mature on the Revolving Credit Commitment Termination Date, and (c) bear interest from the date thereof of the first Revolving Credit Loan until paid in full on the unpaid principal amount thereof from time to time outstanding as provided in Section 3.013.01 hereof. The Each Lender is authorized to record the date, Type and amount of each Revolving Credit Loan Loan, the Applicable Currency thereof, and the date and amount of each payment or prepayment of principal of each Revolving Credit Loan in the such Lender's ’s records or on the grid schedule annexed to the such Lender’s Revolving Credit Note; provided, however, that the failure of the a Lender to set forth each such Revolving Credit Loan, payment and other information shall not in any manner affect the obligation of the Company to repay each Revolving Credit Loan made by the such Lender in accordance with the terms of its Revolving Credit Note and this Agreement. The Revolving Credit Note, the grid schedule and the books and records of the each Lender shall constitute presumptive evidence of the information so recorded absent manifest demonstrable error.

Appears in 2 contracts

Samples: Credit Agreement (Veeco Instruments Inc), Credit Agreement (Veeco Instruments Inc)

Revolving Credit Note. The Revolving Credit Loans made by the each Lender shall be evidenced by a promissory note of the Company (the "individually a “Revolving Credit Note"” and, collectively, the “Revolving Credit Notes”), substantially in the form attached hereto as Exhibit A, each appropriately completed, duly executed and delivered on behalf of the Company and payable to the order of the such Lender in a principal amount equal to the Revolving Credit Commitment of the such Lender. The Each Revolving Credit Note shall (a) be dated the Closing Date, (b) be stated to mature on the Revolving Credit Commitment Termination Date, Date and (c) bear interest from the date thereof until paid in full on the unpaid principal amount thereof from time to time outstanding as provided in Section 3.013.01 hereof. The Each Lender is authorized to record the date, Type and amount of each Revolving Credit Loan and the date and amount of each payment or prepayment of principal of each Revolving Credit Loan in the such Lender's ’s records or on the grid schedule annexed to the Revolving Credit Note; provided, however, that the failure of the a Lender to set forth each such Revolving Credit Loan, payment and other information shall not in any manner affect the obligation of the Company to repay each Revolving Credit Loan made by the such Lender in accordance with the terms of its Revolving Credit Note and this Agreement. The Revolving Credit Note, the grid schedule and the books and records of the each Lender shall constitute presumptive evidence of the information so recorded absent manifest demonstrable error.

Appears in 2 contracts

Samples: Credit Agreement (Comtech Telecommunications Corp /De/), Credit Agreement (Comtech Telecommunications Corp /De/)

Revolving Credit Note. The Revolving Credit Loans made by the each Lender shall be evidenced by a promissory note of the Company (the "individually, a “Revolving Credit Note"” and collectively the “Revolving Credit Notes”), substantially in the form attached hereto as Exhibit A, each appropriately completed, duly executed and delivered on behalf of the Company and payable to the order of the such Lender in a principal amount equal to the Revolving Credit Commitment of the such Lender. The Each Revolving Credit Note shall (a) be dated the Closing Date, (b) be stated to mature on the Revolving Credit Commitment Termination Date, and (c) bear interest from the date thereof until paid in full on the unpaid principal amount thereof from time to time outstanding as provided in Section 3.01. The Each Lender is authorized to record the date, Type and amount of each Revolving Credit Loan and the date and amount of each payment or prepayment of principal of each Revolving Credit Loan in the such Lender's ’s records or on the grid schedule annexed to the Revolving Credit Note; provided, however, that the failure of the a Lender to set forth each such Revolving Credit Loan, payment and other information shall not in any manner affect the obligation of the Company to repay each Revolving Credit Loan made by the such Lender in accordance with the terms of its Revolving Credit Note and this Agreement. The Revolving Credit Note, the grid schedule and the books and records of the each Lender shall constitute presumptive evidence of the information so recorded absent manifest error.

Appears in 2 contracts

Samples: Credit Agreement (Medical Action Industries Inc), Credit Agreement (Medical Action Industries Inc)

Revolving Credit Note. The All Revolving Credit Loans made by the each Lender under this Financing Agreement shall be evidenced by by, and repaid with interest in accordance with, a promissory note of the Company applicable Borrower in substantially the form of Exhibit A hereto, in the principal amount equal to such Lender's Lender Loan Commitment, payable to such Lender for the account of its Applicable Lending Office and maturing as to principal on the Revolving Credit Commitment Termination Date (the "Revolving Credit Note"), substantially in . Each Lender is hereby authorized by each Borrower to endorse on the form schedule attached hereto as Exhibit A, appropriately completed, duly executed and delivered on behalf of the Company and payable to the order of the Lender in a principal amount equal to the Revolving Credit Commitment Note of such Borrower held by it the date of making each Revolving Credit Loan, the amount of each Revolving Credit Loan, the type of the Revolving Credit Loan and each Conversion, Continuation and payment of principal amount received by such Lender for the account of its Applicable Lending Office of its Revolving Credit Loans, which endorsement shall, in the absence of manifest error, be conclusive as to the outstanding balance of the Revolving Credit Loans made by such Lender. The ; PROVIDED, HOWEVER, that the failure to make such notation with respect to any Revolving Credit Loan or Conversion, Continuation or payment shall not limit or otherwise affect the Obligations of the applicable Borrower under this Financing Agreement or the Revolving Credit Note of such Borrower held by such Lender. Each Lender agrees that prior to any assignment of any of such Revolving Credit Notes it will endorse the schedule attached to its Revolving Credit Note. All outstanding principal on the Revolving Credit Loans shall (a) be dated the Closing Date, (b) be stated to mature due and payable on the Revolving Credit Commitment Termination Date, and (c) bear interest from the date thereof until paid in full on the unpaid principal amount thereof from time to time outstanding as provided in Section 3.01. The Lender is authorized to record the date, Type and amount of each Revolving Credit Loan and the date and amount of each payment or prepayment of principal of each Revolving Credit Loan in the Lender's records or on the grid schedule annexed to the Revolving Credit Note; provided, however, that the failure of the Lender to set forth each such Revolving Credit Loan, payment and other information shall not in any manner affect the obligation of the Company to repay each Revolving Credit Loan made by the Lender in accordance with the terms of its Revolving Credit Note and this Agreement. The Revolving Credit Note, the grid schedule and the books and records of the Lender shall constitute presumptive evidence of the information so recorded absent manifest error.

Appears in 1 contract

Samples: Financing Agreement (Fibermark Inc)

Revolving Credit Note. The Each Revolving Credit Loans made by Loan shall be (i) in the Lender case of each Prime Rate Loan, in the minimum principal amount of $100,000.00, and in minimum increased multiples of $50,000.00, and (ii) in the case of each Eurodollar Loan, in the minimum principal amount of $1,000,000.00 and in minimum increased multiples of $100,000.00 (except that, if any such Prime Rate Loan so requested shall exhaust the remaining available Commitment, such Prime Rate Loan may be in an amount equal to the amount of the remaining available Commitment). Each Revolving Credit Loan shall be evidenced by a promissory note of the Company (the "Revolving Credit Note"), substantially in the form attached hereto as Exhibit A, appropriately completed, duly executed and delivered on behalf of the Company and payable to the order of the Lender in a principal amount equal to the Revolving Credit Commitment Note of the LenderBorrower. The Revolving Credit Note shall (a) be dated the Closing Datedate hereof and be in the principal amount of Fourteen Million ($14,000,000.00) Dollars, (b) be stated to and shall mature on the Revolving Credit Commitment Termination Maturity Date, at which time the entire outstanding principal balance and (c) bear all interest from the date thereof until paid in full on the unpaid principal amount thereof from time to time outstanding as provided in Section 3.01thereon shall be due and payable. The Lender is authorized Revolving Credit Note shall be entitled to record the date, Type benefits and amount subject to the provisions of this Agreement. At the time of the making of each Revolving Credit Loan and at the date and amount time of each payment or prepayment of principal thereon, the holder of each the Revolving Credit Loan in Note is hereby authorized by the Lender's records or Borrower to make a notation on the grid schedule annexed to the Revolving Credit Note; provided, however, that the failure Note of the Lender date and amount, and the type and Interest Period of the Revolving Credit Loan or payment, as the case may be. Failure to set forth each make a notation with respect to any Revolving Credit Loan shall not limit or otherwise affect the obligation of the Borrower hereunder or under the Revolving Credit Note with respect to such Revolving Credit Loan, and any payment and other information shall not in any manner affect of principal on the obligation of the Company to repay each Revolving Credit Loan made by the Lender in accordance with the terms of its Revolving Credit Note and this Agreement. The Revolving Credit Note, by the grid schedule and Borrower shall not be affected by the books and records of the Lender shall constitute presumptive evidence of the information so recorded absent manifest errorfailure to make a notation thereof on said schedule.

Appears in 1 contract

Samples: Loan Agreement (Medical Action Industries Inc)

Revolving Credit Note. The Each Revolving Credit Loans made by Loan shall be (i) in the Lender case of each Prime Rate Loan in the minimum principal amount of $100,000.00, and in increased integral multiples of $100,000.00 and (ii) in the case of each Fixed Rate Loan in the minimum principal amount of $1,000,000.00 and in increased integral multiples of $500,000.00 (except that, if any such Prime Rate Loan so requested shall exhaust the remaining available Commitment, such Prime Rate Loan may be in an amount equal to the amount of the remaining available Commitment), and shall be evidenced by a promissory note of the Company (the "Revolving Credit Note"), substantially in the form attached hereto as Exhibit A, appropriately completed, duly executed and delivered on behalf of the Company and payable to the order of the Lender in a principal amount equal to the Revolving Credit Commitment Notes of the Borrower. Each Revolving Credit Note shall be in the principal amount of each Lender's Pro Rata Share of the Commitment, and shall mature on the Revolving Credit Maturity Date, at which time the entire outstanding principal balance and all interest thereon shall be due and payable. The Revolving Credit Note shall (a) be dated entitled to the Closing Date, (b) be stated benefits and subject to mature on the Revolving Credit Commitment Termination Date, and (c) bear interest from provisions of this Agreement. At the date thereof until paid in full on time of the unpaid principal amount thereof from time to time outstanding as provided in Section 3.01. The Lender is authorized to record the date, Type and amount making of each Revolving Credit Loan and at the date and amount time of each payment or prepayment of principal thereon, the holder of each Revolving Credit Loan in Note is hereby authorized by the Lender's records or Borrower to make a notation on the grid schedule annexed to its Revolving Credit Note of the date and amount, and the type and Interest Period of the Revolving Credit Note; providedLoan or payment, however, that as the failure case may be. Failure of a Lender to make a notation with respect to any Revolving Credit Loan shall not limit or otherwise affect the obligation of the Lender Borrower hereunder or under such Revolving Credit Note with respect to set forth each such Revolving Credit Loan, and any payment and other information shall not in any manner affect the obligation of the Company to repay each Revolving Credit Loan made by the Lender in accordance with the terms of its principal on a Revolving Credit Note and this Agreement. The Revolving Credit Note, by the grid schedule and Borrower shall not be affected by the books and records failure of the a Lender shall constitute presumptive evidence of the information so recorded absent manifest errorto make a notation thereof on said schedule.

Appears in 1 contract

Samples: Loan Agreement (Coolbrands International Inc)

Revolving Credit Note. The Revolving Credit Loans made by the each Lender shall may be evidenced by a promissory note of the Company (individually a "Revolving Credit Note" and, collectively, the "Revolving Credit NoteNotes"), substantially in the form attached hereto as Exhibit A, upon the request of such Lender. Each Revolving Credit Note shall be appropriately completed, duly executed and delivered on behalf of the Company and payable to the order of the such requesting Lender in a principal amount equal to the Revolving Credit Commitment of the such Lender. The Each Revolving Credit Note shall (a) be dated the Closing Date, (b) be stated to mature on the Revolving Credit Commitment Termination Date, and (c) bear interest from the date thereof until paid in full on the unpaid principal amount thereof from time to time outstanding as provided in Section 3.013.01 hereof; except that any Revolving Credit Notes issued to an Increasing Lender or an Additional Lender pursuant to Section 2.03 hereof shall be dated the Increased Commitment Date. The Each Lender is authorized to record the date, Type and amount of each Revolving Credit Loan and the date and amount of each payment or prepayment of principal of each Revolving Credit Loan in the such Lender's records or on the grid schedule annexed to the Revolving Credit Note; provided, however, that the failure of the a Lender to set forth each such Revolving Credit Loan, payment and other information shall not in any manner affect the obligation of the Company to repay each Revolving Credit Loan made by the such Lender in accordance with the terms of its Revolving Credit Note and this Agreement. The Revolving Credit Note, the grid schedule and the books and records of the each Lender shall constitute presumptive evidence of the information so recorded absent manifest demonstrable error.

Appears in 1 contract

Samples: Credit Agreement (Symbol Technologies Inc)

Revolving Credit Note. The Revolving Credit Loans made by the Lender shall be evidenced by a promissory note of the Company Companies (the "“Amended and Restated Revolving Credit Note"), substantially in the form attached hereto as Exhibit A, appropriately completed, duly executed and delivered on behalf of the Company Companies and payable to the order of the Lender in a principal amount equal to the Revolving Credit Commitment of the Lender. The Amended and Restated Revolving Credit Note shall (a) be dated the Closing Date, (b) be stated to mature on the Revolving Credit Commitment Termination Date, and (c) bear interest from the date thereof until paid in full on the unpaid principal amount thereof from time to time outstanding as provided in Section 3.01. The Lender is authorized to record the date, Type and amount of each Revolving Credit Loan and the date and amount of each payment or prepayment of principal of each Revolving Credit Loan in the Lender's ’s records or on the grid schedule annexed to the Amended and Restated Revolving Credit Note; provided, however, that the failure of the Lender to set forth each such Revolving Credit Loan, payment and other information shall not in any manner affect the obligation of the Company Companies to repay each Revolving Credit Loan made by the Lender in accordance with the terms of its Amended and Restated Revolving Credit Note and this Agreement. The Amended and Restated Revolving Credit Note, the grid schedule and the books and records of the Lender shall constitute presumptive evidence of the information so recorded absent manifest error.

Appears in 1 contract

Samples: Credit Agreement (Aceto Corp)

Revolving Credit Note. The Each Revolving Credit Loans made by Loan shall be (i) in the Lender case of each Alternate Base Rate Loan in the minimum principal amount of $250,000.00, and in increased integral multiples of $50,000.00 and (ii) in the case of each Eurodollar Loan in the minimum principal amount of $500,000.00 and in increased integral multiples of $50,000.00 (except that, if any such Alternate Base Rate Loan so requested shall exhaust the remaining available Commitment, such Alternate Base Rate Loan may be in an amount equal to the amount of the remaining available Commitment). Each Revolving Credit Loan shall be evidenced by a promissory note of the Company (the "Revolving Credit Note"), substantially in the form attached hereto as Exhibit A, appropriately completed, duly executed and delivered on behalf of the Company and payable to the order of the Lender in a principal amount equal to the Revolving Credit Commitment Note of the LenderBorrower. The Revolving Credit Note shall (a) be dated the Closing Datedate hereof and be in the principal amount of Seven Million ($7,000,000.00) Dollars, (b) be stated to and shall mature on the Maturity Date, at which time the entire outstanding principal balance and all interest thereon shall be due and payable. The Revolving Credit Commitment Termination Date, Note shall be entitled to the benefits and (c) bear interest from subject to the date thereof until paid in full on provisions of this Agreement. At the unpaid principal amount thereof from time to time outstanding as provided in Section 3.01. The Lender is authorized to record of the date, Type and amount making of each Revolving Credit Loan and at the date and amount time of each payment or prepayment of principal thereon, the holder of each the Revolving Credit Loan in Note is hereby authorized by the Lender's records or Borrower to make a notation on the grid schedule annexed to the Revolving Credit Note; provided, however, that the failure Note of the Lender date and amount, and the type and Interest Period of the Revolving Credit Loan or payment, as the case may be. Failure to set forth each make a notation with respect to any Revolving Credit Loan shall not limit or otherwise affect the obligation of the Borrower hereunder or under the Revolving Credit Note with respect to such Revolving Credit Loan, and any payment and other information shall not in any manner affect of principal on the obligation of the Company to repay each Revolving Credit Loan made by the Lender in accordance with the terms of its Revolving Credit Note and this Agreement. The Revolving Credit Note, by the grid schedule and Borrower shall not be affected by the books and records of the Lender shall constitute presumptive evidence of the information so recorded absent manifest errorfailure to make a notation thereof on said schedule.

Appears in 1 contract

Samples: Loan Agreement (Katz Digital Technologies Inc)

Revolving Credit Note. The Revolving Credit Loans made by the each Lender shall be evidenced by a promissory note of the Company (individually a "Revolving Credit Note" and, collectively, the "Revolving Credit NoteNotes"), substantially in the form attached hereto as Exhibit A, each appropriately completed, duly executed and delivered on behalf of the Company and payable to the order of the such Lender in a principal amount equal to the Revolving Credit Commitment of the such Lender. The Each Revolving Credit Note shall (a) be dated the Closing Date, (b) be stated to mature on the Revolving Credit Commitment Termination Date, and (c) bear interest from the date thereof until paid in full on the unpaid principal amount thereof from time to time outstanding as provided in Section 3.01. The Each Lender is authorized to record the date, Type and amount of each Revolving Credit Loan and the date and amount of each payment or prepayment of principal of each Revolving Credit Loan in the such Lender's records or on the grid schedule annexed to the Revolving Credit Note; provided, however, that the failure of the a Lender to set forth each such Revolving Credit Loan, payment and other information shall not in any manner affect the obligation of the Company to repay each Revolving Credit Loan made by the such Lender in accordance with the terms of its Revolving Credit Note and this Agreement. The Revolving Credit Note, the grid schedule and the books and records of the each Lender shall constitute presumptive conclusive evidence of the information so recorded absent manifest error.

Appears in 1 contract

Samples: Credit Agreement (Sbarro Inc)

Revolving Credit Note. The Revolving Credit Loans made by the Lender shall be evidenced by a promissory note of the Company Companies (the "Revolving Credit Note"), substantially in the form attached hereto as Exhibit A, appropriately completed, duly executed and delivered on behalf of the Company Companies and payable to the order of the Lender in a principal amount equal to the Revolving Credit Commitment of the Lender. The Revolving Credit Note shall (a) be dated the Closing Date, (b) be stated to mature on the Revolving Credit Commitment Termination Date, and (c) bear interest from the date thereof until paid in full on the unpaid principal amount thereof from time to time outstanding as provided in Section 3.01. The Lender is authorized to record the date, Type and amount of each Revolving Credit Loan and the date and amount of each payment or prepayment of principal of each Revolving Credit Loan in the Lender's records or on the grid schedule annexed to the Revolving Credit Note; providedPROVIDED, howeverHOWEVER, that the failure of the Lender to set forth each such Revolving Credit Loan, payment and other information shall not in any manner affect the obligation of the Company Companies to repay each Revolving Credit Loan made by the Lender in accordance with the terms of its Revolving Credit Note and this Agreement. The Revolving Credit Note, the grid schedule and the books and records of the Lender shall constitute presumptive evidence of the information so recorded absent manifest error.

Appears in 1 contract

Samples: Credit Agreement (Aceto Corp)

Revolving Credit Note. The Revolving Credit Loans made by the each Lender shall be evidenced by a promissory note of the Company (the "individually, a “Revolving Credit Note"” and collectively the “Revolving Credit Notes”), substantially in the form attached hereto as Exhibit A, each appropriately completed, duly executed and delivered on behalf of the Company and payable to the order of the such Lender in a principal amount equal to the unpaid principal amount of the Revolving Credit Commitment of the Loans made by such Lender. The Each Revolving Credit Note shall (a) be dated the Closing Date, (b) be stated to mature on the Revolving Credit Commitment Termination Date, and (c) bear interest from the date thereof until paid in full on the unpaid principal amount thereof from time to time outstanding as provided in Section 3.01. The Each Lender is authorized to record the date, Type and amount of each Revolving Credit Loan and the date and amount of each payment or prepayment of principal of each Revolving Credit Loan in the such Lender's ’s records or on the grid schedule annexed to the Revolving Credit Note; provided, however, that the failure of the a Lender to set forth each such Revolving Credit Loan, payment and other information shall not in any manner affect the obligation of the Company to repay each Revolving Credit Loan made by the such Lender in accordance with the terms of its Revolving Credit Note and this Agreement. The Subject to Section 10.05(d), the Revolving Credit Note, the grid schedule and the books and records of the each Lender shall constitute presumptive evidence of the information so recorded absent manifest error.

Appears in 1 contract

Samples: Credit Agreement (Medical Action Industries Inc)

Revolving Credit Note. The Revolving Credit Loans made by the each Lender shall be evidenced by a promissory note of the Company (individually a "Revolving Credit Note" and, collectively, the "Revolving Credit NoteNotes"), substantially in the form attached hereto as Exhibit A, each appropriately completed, duly executed and delivered on behalf of the Company and payable to the order of the such Lender in a principal amount equal to the Revolving Credit Commitment of the such Lender. The Each Revolving Credit Note shall (a) be dated the Closing Date, (b) be stated to mature on the Revolving Credit Commitment Termination Date, and (c) bear interest from the date thereof until paid in full on the unpaid principal amount thereof from time to time outstanding as provided in Section 3.01. The Each Lender is authorized to record the date, Type and amount of each Revolving Credit Loan and the date and amount of each payment or prepayment of principal of each Revolving Credit Loan in the such Lender's records or on the grid schedule annexed to the Revolving Credit Note; provided, however, that the failure of the a Lender to set forth each such Revolving Credit Loan, payment and other information shall not in any manner affect the obligation of the Company to repay each Revolving Credit Loan made by the such Lender in accordance with the terms of its Revolving Credit Note and this Agreement. The Revolving Credit Note, the grid schedule and the books and records of the each Lender shall constitute presumptive evidence of the information so recorded absent manifest error.

Appears in 1 contract

Samples: Credit Agreement (Family Golf Centers Inc)

Revolving Credit Note. The All Revolving Credit Loans made by the each Lender under this Financing Agreement shall be evidenced by by, and repaid with interest in accordance with, a promissory note of the Company Borrower in substantially the form of Exhibit A hereto, in the principal amount equal to such Lender's Pro Rata Share of the Revolving Credit Commitment, payable to such Lender for the account of its Applicable Lending Office and maturing as to principal on the Revolving Credit Commitment Termination Date (the "Revolving Credit Note"), substantially in . Each Lender is hereby authorized by the form Borrower to endorse on the schedule attached hereto as Exhibit A, appropriately completed, duly executed and delivered on behalf of the Company and payable to the order of the Lender in a principal amount equal to the Revolving Credit Commitment Note held by it the date of the Lender. The making each Revolving Credit Note shall (a) be dated Loan, the Closing Date, (b) be stated to mature on the Revolving Credit Commitment Termination Date, and (c) bear interest from the date thereof until paid in full on the unpaid principal amount thereof from time to time outstanding as provided in Section 3.01. The Lender is authorized to record the date, Type and amount of each Revolving Credit Loan and Loan, the date and amount type of each payment or prepayment of principal of each the Revolving Credit Loan and each Conversion, Continuation and payment of principal amount received by such Lender for the account of its Applicable Lending Office of its Revolving Credit Loans, which endorsement shall, in the Lender's records or on absence of manifest error, be conclusive as to the grid schedule annexed to outstanding balance of the Revolving Credit NoteLoans made by such Lender; provided, however, that the failure of the Lender to set forth each make such Revolving Credit Loan, payment and other information shall not in notation with respect to any manner affect the obligation of the Company to repay each Revolving Credit Loan made or Conversion, Continuation or payment shall not limit or otherwise affect the Obligations of the Borrower under this Financing Agreement or the Revolving Credit Note held by the such Lender. Each Lender in accordance with the terms agrees that prior to any assignment of its Revolving Credit Note and this Agreement. The it will endorse the schedule attached to its Revolving Credit Note, . All outstanding principal on the grid schedule Revolving Credit Loans shall be due and payable on the books and records of the Lender shall constitute presumptive evidence of the information so recorded absent manifest errorRevolving Credit Commitment Termination Date.

Appears in 1 contract

Samples: Financing Agreement (Arcon Coating Mills Inc)

Revolving Credit Note. The Revolving Credit Loans made by the each Lender shall be evidenced by a promissory note of the Company (individually a "Revolving Credit Note" and, collectively, the "Revolving Credit NoteNotes"), substantially in the form attached hereto as Exhibit AA-1 with respect to the Original Lenders and Exhibit A-2 with respect to all other Lenders, each appropriately completed, duly executed and delivered on behalf of the Company and payable to the order of the such Lender in a principal amount equal to the Revolving Credit Commitment of the such Lender. The Revolving Credit Each Note shall (a) be dated the Closing Date, (b) be stated to mature on the Revolving Credit Commitment Termination Date, and (c) bear interest from the date thereof until paid in full on the unpaid principal amount thereof from time to time outstanding as provided in Section 3.01. The Each Lender is authorized to record the date, Type date and amount of each Revolving Credit Loan and the date and amount of each payment or prepayment of principal of each Revolving Credit Loan in the such Lender's records or on the grid schedule annexed to the Revolving Credit Note; provided, however, that the failure of the a Lender to set forth each such Revolving Credit Loan, payment and other information shall not in any manner affect the obligation of the Company to repay each Revolving Credit Loan made by the such Lender in accordance with the terms of its Revolving Credit Note and this Agreement. The Revolving Credit Note, the grid schedule and the books and records of the each Lender shall constitute presumptive evidence of the information so recorded absent manifest clear and obvious error.

Appears in 1 contract

Samples: Credit Agreement (Lexent Inc)

Revolving Credit Note. The Revolving Credit Loans made by the each Lender shall be evidenced by a promissory note of the Company (individually, a "Revolving Credit Note" and collectively the "Revolving Credit NoteNotes"), substantially in the form attached hereto as Exhibit A, each appropriately completed, duly executed and delivered on behalf of the Company and payable to the order of the such Lender in a principal amount equal to the Revolving Credit Commitment of the such Lender. The Each Revolving Credit Note shall (a) be dated the Closing Date, (b) be stated to mature on the Revolving Credit Commitment Termination Date, and (c) bear interest from the date thereof until paid in full on the unpaid principal amount thereof from time to time outstanding as provided in Section 3.01. The Each Lender is authorized to record the date, Type and amount of each Revolving Credit Loan and the date and amount of each payment or prepayment of principal of each Revolving Credit Loan in the such Lender's records or on the grid schedule annexed to the Revolving Credit Note; provided, however, that the failure of the a Lender to set forth each such Revolving Credit Loan, payment and other information shall not in any manner affect the obligation of the Company to repay each Revolving Credit Loan made by the such Lender in accordance with the terms of its Revolving Credit Note and this Agreement. The Revolving Credit Note, the grid schedule and the books and records of the each Lender shall constitute presumptive evidence of the information so recorded absent manifest error.

Appears in 1 contract

Samples: Credit Agreement (Medical Action Industries Inc)

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Revolving Credit Note. The Revolving Credit Loans made by the Lender shall be evidenced by a promissory note of the Company Companies, (the "Revolving Credit Note"), substantially in the form attached hereto as Exhibit A, appropriately completed, duly executed and delivered on behalf of the Company Companies and payable to the order of the Lender in a principal amount equal to the Revolving Credit Commitment of the LenderCommitment. The Revolving Credit Note shall (a) be dated the Closing Date, (b) be stated to mature on the Revolving Credit Commitment Termination Date, and (c) bear interest from the date thereof until paid in full on the unpaid principal amount thereof from time to time outstanding as provided in Section 3.01. The Lender is authorized to record the date, Type and amount of each Revolving Credit Loan and the date and amount of each payment or prepayment of principal of each Revolving Credit Loan in the Lender's records or on the grid schedule annexed to the Revolving Credit Note; provided, however, that the failure of the Lender to set forth each such Revolving Credit Loan, payment and other information shall not in any manner affect the obligation of the Company Companies to repay each the Revolving Credit Loan made by the Lender in accordance with the terms of its the Revolving Credit Note and this Agreement. The Revolving Credit Note, the grid schedule and the books and records of the Lender shall constitute presumptive conclusive evidence of the information so recorded absent manifest error.

Appears in 1 contract

Samples: Credit Agreement (Coactive Marketing Group Inc)

Revolving Credit Note. The Revolving Credit Loans made by the Lender shall be evidenced by a promissory note of the Company (the "Revolving Credit Note"), substantially in the form attached hereto as Exhibit A, appropriately completed, duly executed and delivered on behalf of the Company and payable to the order of the Lender in a principal amount equal to the Revolving Credit Commitment of the Lender. The Revolving Credit Note shall (a) be dated the Closing Date, (b) be stated to mature on the Revolving Credit Commitment Termination Date, and (c) bear interest from the date thereof until paid in full on the unpaid principal amount thereof from time to time outstanding as provided in Section 3.01. The Lender is authorized to record the date, Type and amount of each Revolving Credit Loan and the date and amount of each payment or prepayment of principal of each Revolving Credit Loan in the Lender's records or on the grid schedule annexed to the Revolving Credit Note; providedPROVIDED, howeverHOWEVER, that the failure of the Lender to set forth each such Revolving Credit Loan, payment and other information shall not in any manner affect the obligation of the Company to repay each Revolving Credit Loan made by the Lender in accordance with the terms of its Revolving Credit Note and this Agreement. The Revolving Credit Note, the grid schedule and the books and records of the Lender shall constitute presumptive evidence of the information so recorded absent manifest error.

Appears in 1 contract

Samples: Pledge Agreement (1 800 Flowers Com Inc)

Revolving Credit Note. The Revolving Credit Loans made by the each Lender shall be evidenced by a promissory note of the Company Companies, (individually the "Revolving Credit Note"” and collectively the “Revolving Credit Notes”), substantially in the form attached hereto as Exhibit A, each appropriately completed, duly executed and delivered on behalf of the Company Companies and payable to the order of the such Lender in a principal amount equal to the Revolving Credit Commitment of the such Lender. The Each Revolving Credit Note shall (a) be dated the Closing Date, (b) be stated to mature on the Revolving Credit Commitment Termination Date, and (c) bear interest from the date thereof until paid in full on the unpaid principal amount thereof from time to time outstanding as provided in Section 3.01. The Each Lender is authorized to record the date, Type and amount of each Revolving Credit Loan and the date and amount of each payment or prepayment of principal of each Revolving Credit Loan in the such Lender's ’s records or on the grid schedule annexed to the Revolving Credit Note; provided, however, that the failure of the a Lender to set forth each such Revolving Credit Loan, payment and other information shall not in any manner affect the obligation of the Company Companies to repay each Revolving Credit Loan made by the such Lender in accordance with the terms of its Revolving Credit Note and this Agreement. The Revolving Credit Note, the grid schedule and the books and records of the each Lender shall constitute presumptive conclusive evidence of the information so recorded absent manifest error.

Appears in 1 contract

Samples: Credit Agreement (Aceto Corp)

Revolving Credit Note. The Revolving Credit Loans made by the Lender shall be evidenced by a promissory note of the Company Companies (the "Revolving Credit Note"), substantially in the form attached hereto as Exhibit A, appropriately completed, duly executed and delivered on behalf of the Company Companies and payable to the order of the Lender in a principal amount equal to the Revolving Credit Commitment of the LenderCommitment. The Revolving Credit Note shall (a) be dated the Closing Date, (b) be stated to mature on the Revolving Credit Commitment Termination Date, and (c) bear interest from the date thereof until paid in full on the unpaid principal amount thereof from time to time outstanding as provided in Section 3.01. The Lender is authorized to record the date, Type and amount of each Revolving Credit Loan and the date and amount of each payment or prepayment of principal of each Revolving Credit Loan in the Lender's records or on the grid schedule annexed to the Revolving Credit Note; providedPROVIDED, however, that HOWEVER THAT the failure of the Lender to set forth each such Revolving Credit Loan, payment and other information shall not in any manner affect the obligation of the Company Companies to repay each Revolving Credit Loan made by the Lender in accordance with the terms of its Revolving Credit Note and this Agreement. The Revolving Credit Note, the grid schedule and the books and records of the Lender shall constitute presumptive conclusive evidence of the information so recorded absent manifest error.

Appears in 1 contract

Samples: Credit Agreement (Eon Labs Inc)

Revolving Credit Note. The Revolving Credit Loans made by the each Lender shall be evidenced by a promissory note of the Company (individually a "REVOLVING CREDIT NOTE" and, collectively, the "Revolving Credit NoteREVOLVING CREDIT NOTES"), substantially in the form attached hereto as Exhibit A, each appropriately completed, duly executed and delivered on behalf of the Company and payable to the order of the such Lender in a principal amount equal to the Revolving Credit Commitment of the such Lender. The Each Revolving Credit Note shall (a) be dated the Closing Date, (b) be stated to mature on the Revolving Credit Commitment Termination Date, and (c) bear interest from the date thereof of the first Revolving Credit Loan until paid in full on the unpaid principal amount thereof from time to time outstanding as provided in Section 3.013.01 hereof. The Each Lender is authorized to record the date, Type and amount of each Revolving Credit Loan Loan, the Applicable Currency thereof, and the date and amount of each payment or prepayment of principal of each Revolving Credit Loan in the such Lender's records or on the grid schedule annexed to the such Lender's Revolving Credit Note; providedPROVIDED, howeverHOWEVER, that the failure of the a Lender to set forth each such Revolving Credit Loan, payment and other information shall not in any manner affect the obligation of the Company to repay each Revolving Credit Loan made by the such Lender in accordance with the terms of its Revolving Credit Note and this Agreement. The Revolving Credit Note, the grid schedule and the books and records of the each Lender shall constitute presumptive evidence of the information so recorded absent manifest demonstrable error.

Appears in 1 contract

Samples: Credit Agreement (Veeco Instruments Inc)

Revolving Credit Note. The Revolving Credit Loans made by the Lender Bank shall be evidenced by a promissory note of the Company substantially in the form attached hereto as Exhibit A (the "Revolving Credit Note"), substantially in the form attached hereto as Exhibit A, appropriately completed, duly executed and delivered on behalf of the Company and payable to the order of the Lender Bank in a principal amount equal to the Revolving Credit Commitment of the LenderBank. The Revolving Credit Note shall (a) be dated the Closing Date, (b) be stated to mature on the Revolving Credit Commitment Termination Date, and (c) bear interest from the date thereof until paid in full on the unpaid principal amount thereof from time to time outstanding as provided in Section 3.01. The Lender Bank is authorized to record the date, Type and amount of each Revolving Credit Loan and the date and amount of each payment or prepayment of principal of each Revolving Credit Loan in the LenderBank's records or on the grid schedule annexed to the Revolving Credit Note; provided, however, that the failure of the Lender Bank to set forth each such Revolving Credit Loan, payment and other information shall not in any manner affect the obligation of the Company to repay each Revolving Credit Loan made by the Lender Bank in accordance with the terms of its Revolving Credit Note and this Agreement. The Revolving Credit Note, the grid schedule and the books and records of the Lender Bank shall constitute presumptive conclusive evidence of the information so recorded absent manifest error.

Appears in 1 contract

Samples: Credit Agreement (Vasomedical Inc)

Revolving Credit Note. The Each Revolving Credit Loans made by Loan shall be in ----------------------- the Lender minimum principal amount, and in minimum multiples thereafter, of One Hundred Thousand ($100,000.00) Dollars, except that if a Prime Rate Loan so requested shall exhaust the remaining available Commitment, such Prime Rate Loan may be in an amount equal to the amount of the remaining available Commitment, and shall be evidenced by a promissory note of the Company (the "Revolving Credit Note"), substantially in the form attached hereto as Exhibit A, appropriately completed, duly executed and delivered on behalf of the Company and payable to the order of the Lender in a principal amount equal to the Revolving Credit Commitment Note of the LenderBorrower. The Revolving Credit Note shall (a) be dated the Closing Datedate hereof and be in the principal amount of One Million ($1,000,000.00) Dollars, (b) be stated to and shall mature on the Conversion Date, at which time the entire outstanding principal balance and all interest thereon shall be due and payable. The Revolving Credit Commitment Termination Date, Note shall be entitled to the benefits and (c) bear interest from subject to the date thereof until paid in full on provisions of this Agreement. At the unpaid principal amount thereof from time to time outstanding as provided in Section 3.01. The Lender is authorized to record of the date, Type and amount making of each Revolving Credit Loan and at the date and amount time of each payment or prepayment of principal thereon, if any, the holder of each the Revolving Credit Loan in Note is hereby authorized by the Lender's records or Borrower to make a notation on the grid schedule annexed to the Revolving Credit Note; provided, however, that the failure Note of the Lender date and amount, and the type and Interest Period of the Revolving Credit Loan or payment, as the case may be. Failure to set forth each make a notation with respect to any Revolving Credit Loan shall not limit or otherwise affect the obligation of the Borrower hereunder or under the Revolving Credit Note with respect to such Revolving Credit Loan, and any payment and other information shall not in any manner affect of principal on the obligation of the Company to repay each Revolving Credit Loan made by the Lender in accordance with the terms of its Revolving Credit Note and this Agreement. The Revolving Credit Note, by the grid schedule and Borrower shall not be affected by the books and records of the Lender shall constitute presumptive evidence of the information so recorded absent manifest errorfailure to make a notation thereof on said schedule.

Appears in 1 contract

Samples: Loan Agreement (Innodata Corp)

Revolving Credit Note. The All Revolving Credit Loans made by the each Lender under this Financing Agreement shall be evidenced by by, and repaid with interest in accordance with, a promissory note of the Company (applicable Borrower in substantially the "Revolving Credit Note")form of Exhibit A hereto, substantially in the form attached hereto as Exhibit A, appropriately completed, duly executed and delivered on behalf of the Company and payable to the order of the Lender in a principal amount equal to such Lender’s Lender Loan Commitment, payable to such Lender for the Revolving Credit Commitment account of the Lender. The Revolving Credit Note shall (a) be dated the Closing Date, (b) be stated its Applicable Lending Office and maturing as to mature principal on the Revolving Credit Commitment Termination Date, and Date (c) bear interest from the date thereof until paid in full “Revolving Credit Note”). Each Lender is hereby authorized by each Borrower to endorse on the schedule attached to the Revolving Credit Note of such Borrower held by it the unpaid principal amount thereof from time to time balance and type, as of the Closing Date, of each Revolving Credit Loan that constitutes a continuation of an obligation outstanding under the 1999 Agreement as provided in Section 3.01. The Lender is authorized to record of the dateClosing Date, Type and the date of making each Revolving Credit Loan, the amount of each Revolving Credit Loan and Loan, the date and amount type of each payment or prepayment of principal of each the Revolving Credit Loan and each Conversion, Continuation and payment of principal amount received by such Lender for the account of its Applicable Lending Office of its Revolving Credit Loans, which endorsement shall, in the Lender's records or on absence of manifest error, be conclusive as to the grid schedule annexed to outstanding balance of the Revolving Credit NoteLoans made by such Lender; provided, however, that the failure to make such notation with respect to any Revolving Credit Loan or Conversion, Continuation or payment shall not limit or otherwise affect the Obligations of the applicable Borrower under this Financing Agreement or the Revolving Credit Note of such Borrower held by such Lender. Each Lender agrees that prior to set forth each any assignment of any of such Revolving Credit Loan, payment and other information shall not in any manner affect Notes it will endorse the obligation of the Company schedule attached to repay each Revolving Credit Loan made by the Lender in accordance with the terms of its Revolving Credit Note and this AgreementNote. The All outstanding principal on the Revolving Credit Note, Loans shall be due and payable on the grid schedule and the books and records of the Lender shall constitute presumptive evidence of the information so recorded absent manifest errorRevolving Credit Commitment Termination Date.

Appears in 1 contract

Samples: Financing Agreement (Fibermark Inc)

Revolving Credit Note. The Revolving Credit Loans made by the Lender shall be evidenced by a promissory note of the Company (the "Revolving Credit Note"), substantially in the form attached hereto as Exhibit A, appropriately completed, duly executed and delivered on behalf of the Company and payable to the order of the Lender in a principal amount equal to the Revolving Credit Commitment of the LenderCommitment. The Revolving Credit Note shall (a) be dated the Closing Date, (b) be stated to mature on the Revolving Credit Commitment Termination Date, and (c) bear interest from the date thereof until paid in full on the unpaid principal amount thereof from time to time outstanding as provided in Section 3.01. The Lender is authorized to record the date, Type and amount of each Revolving Credit Loan and the date and amount of each payment or prepayment of principal of each Revolving Credit Loan in the Lender's records or on the grid schedule annexed to the Revolving Credit Note; provided, however, that the failure of the Lender to set forth each such Revolving Credit Loan, payment and other information shall not in any manner affect the obligation of the Company to repay each Revolving Credit Loan made by the Lender in accordance with the terms of its Revolving Credit Note and this Agreement. The Revolving Credit Note, the grid schedule and the books and records of the Lender shall constitute presumptive evidence of the information so recorded absent manifest error.

Appears in 1 contract

Samples: Credit Agreement (Coactive Marketing Group Inc)

Revolving Credit Note. The Revolving Credit Loans made by the Lender shall be evidenced by a promissory note of the Company (the "Revolving Credit Note"), substantially in the form attached hereto as Exhibit A, appropriately completed, duly executed and delivered on behalf of the Company and payable to the order of the Lender in a principal amount equal to the Revolving Credit Commitment of the Lender. The Revolving Credit Note shall (a) be dated the Closing Date, (b) be stated to mature on the Revolving Credit Commitment Termination Date, and (c) bear interest from the date thereof until paid in full on the unpaid principal amount thereof from time to time outstanding as provided in Section 3.01. The Lender is authorized to record the date, Type and amount of each Revolving Credit Loan and the date and amount of each payment or prepayment of principal of each Revolving Credit Loan in the Lender's records or on the grid schedule annexed to the Revolving Credit Note; provided, however, that the failure of the Lender to set forth each such Revolving Credit Loan, payment and other information shall not in any manner affect the obligation of the Company to repay each Revolving Credit Loan made by the Lender in accordance with the terms of its Revolving Credit Note and this Agreement. The Revolving Credit Note, the grid schedule and the books and records of the Lender shall constitute presumptive conclusive evidence of the information so recorded absent manifest error.

Appears in 1 contract

Samples: Security Agreement (American Medical Alert Corp)

Revolving Credit Note. The All Revolving Credit Loans made by the each Lender under this Financing Agreement shall be evidenced by by, and repaid with interest in accordance with, a promissory note of the Company applicable Borrower in substantially the form of Exhibit A hereto, in the principal amount equal to such Lender's Pro Rata Share of the Revolving Credit Commitment, payable to such Lender for the account of its Applicable Lending Office and maturing as to principal on the Revolving Credit Commitment Termination Date (the "Revolving Credit Note"), substantially in . Each Lender is hereby authorized by each Borrower to endorse on the form schedule attached hereto as Exhibit A, appropriately completed, duly executed and delivered on behalf of the Company and payable to the order of the Lender in a principal amount equal to the Revolving Credit Commitment Note of such Borrower held by it the Lender. The date of making each Revolving Credit Note shall (a) be dated Loan, the Closing Date, (b) be stated to mature on the Revolving Credit Commitment Termination Date, and (c) bear interest from the date thereof until paid in full on the unpaid principal amount thereof from time to time outstanding as provided in Section 3.01. The Lender is authorized to record the date, Type and amount of each Revolving Credit Loan and Loan, the date and amount type of each payment or prepayment of principal of each the Revolving Credit Loan and each Conversion, Continuation and payment of principal amount received by such Lender for the account of its Applicable Lending Office of its Revolving Credit Loans, which endorsement shall, in the Lender's records or on absence of manifest error, be conclusive as to the grid schedule annexed to outstanding balance of the Revolving Credit NoteLoans made by such Lender; provided, however, that the failure to make such notation with respect to any Revolving Credit Loan or Conversion, Continuation or payment shall not limit or otherwise affect the Obligations of the applicable Borrower under this Financing Agreement or the Revolving Credit Note of such Borrower held by such Lender. Each Lender agrees that prior to set forth each any assignment of any of such Revolving Credit Loan, payment and other information shall not in any manner affect Notes it will endorse the obligation of the Company schedule attached to repay each Revolving Credit Loan made by the Lender in accordance with the terms of its Revolving Credit Note and this AgreementNote. The All outstanding principal on the Revolving Credit Note, Loans shall be due and payable on the grid schedule and the books and records of the Lender shall constitute presumptive evidence of the information so recorded absent manifest errorRevolving Credit Commitment Termination Date.

Appears in 1 contract

Samples: Financing Agreement (Fibermark Inc)

Revolving Credit Note. The Revolving Credit Loans made by the each Lender shall be evidenced by a promissory note of the Company (the "Revolving Credit Note")Company, substantially in the form attached hereto as Exhibit AA (each as amended, restated, supplemented or modified, from time to time, individually, a “Revolving Credit Note” and collectively, the “Revolving Credit Notes”), appropriately completed, duly executed and delivered on behalf of the Company and payable to the order of the such Lender in a principal amount equal to the Revolving Credit Commitment of the such Lender. The Each Revolving Credit Note shall (a) be dated the Closing Date, (b) be stated to mature on the Revolving Credit Commitment Termination Date, Date and (c) bear interest from the date thereof until paid in full on the unpaid principal amount thereof from time to time outstanding as provided in Section 3.013.01 hereof. The Each Lender is authorized to record the date, Type and amount of each Revolving Credit Loan and the date and amount of each payment or prepayment of principal of each Revolving Credit Loan in the such Lender's ’s records or on the grid schedule annexed to the Revolving Credit Note; provided, however, that the failure of the a Lender to set forth each such Revolving Credit Loan, payment and other information shall not in any manner affect the obligation of the Company to repay each Revolving Credit Loan made by the such Lender in accordance with the terms of its Revolving Credit Note and this Agreement. The Revolving Credit Note, the grid schedule and the books and records of the such Lender shall constitute presumptive conclusive evidence of the information so recorded absent manifest error.

Appears in 1 contract

Samples: Credit Agreement (Globecomm Systems Inc)

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