Common use of Revolving Credit Note Clause in Contracts

Revolving Credit Note. The Revolving Credit Loans made by the Lenders hereunder shall be evidenced by a single promissory note of the Borrowers in substantially the form of Exhibit B-1 attached hereto (the "Revolving Credit Note"), dated as of the Closing Date and completed with appropriate insertions. The Revolving Credit Note shall be payable to the order of the Agent for the ratable account of each Lender in principal amounts equal to the Total Commitment, or, if less, the aggregate outstanding amount of all Revolving Credit Loans made by the Lenders hereunder, plus interest accrued thereon, as set forth below. The Borrowers irrevocably authorize the Agent to make or cause to be made, at or about the time of the Drawdown Date of any Revolving Credit Loan or at the time of receipt of any payment of principal or interest on the Revolving Credit Note, an appropriate notation on its Record reflecting the making of such Revolving Credit Loan or (as the case may be) the receipt of such payment and the respective pro-rata allocations to each Lender in accordance with its respective Percentage of the Total Commitment. The Agent shall record the outstanding amount of the Revolving Credit Loans on the Record as prima facie evidence of the principal amount thereof owing and unpaid to the Agent for the ratable account of the Lenders, but the failure to record, or any error in so recording, any such amount on the Record shall not limit or otherwise affect the obligations of the Borrowers hereunder or under the Revolving Credit Note to make payments of principal of or interest on the Revolving Credit Note when due. The Revolving Credit Note shall be due and payable on the Maturity Date, provided that the Maturity Date may, with the approval of all of the Lenders, be extended annually thereafter for each of the next two twelve-month periods following the Maturity Date.

Revolving Credit Note. The obligation of Borrower to repay the Revolving Credit Loans made by the Lenders hereunder Loan shall be evidenced by a single promissory note of the Borrowers in substantially the form of Exhibit B-1 attached hereto (the "Revolving Credit Note"), dated as of the Closing Date and completed with appropriate insertions. The Revolving Credit Note shall be executed by Borrower, payable to the order of Lender, in the Agent for the ratable account of each Lender in principal amounts equal to the Total Commitment, or, if less, the aggregate outstanding amount of all Revolving Credit Loans made by the Lenders hereunder, plus interest accrued thereon, as set forth below. The Borrowers irrevocably authorize the Agent to make or cause to be made, at or about the time of the Drawdown Date of any Revolving Credit Loan or at the time of receipt of any payment of principal or interest on the Revolving Credit Note, an appropriate notation on its Record reflecting the making of such Revolving Credit Loan or (as the case may be) the receipt of such payment and the respective pro-rata allocations to each Lender in accordance with its respective Percentage of the Total Commitment. The Agent shall record the outstanding amount of the Revolving Credit Loans on the Record as prima facie evidence Committed Sum and dated October 1, 1995. The principal of the principal amount thereof owing and unpaid to the Agent for the ratable account of the Lenders, but the failure to record, or any error in so recording, any such amount on the Record shall not limit or otherwise affect the obligations of the Borrowers hereunder or under the Revolving Credit Note to make payments of principal of or interest on the Revolving Credit Note when due. The Revolving Credit Note Loan shall be due and payable on the Maturity Revolving Credit Termination Date. Effective October 1, provided 1995, the Revolving Credit Loan shall bear interest prior to maturity at a varying rate per annum equal from day to day to the lesser of (a) the maximum rate permitted from day to day by applicable law ("Maximum Rate"), including as to Article 5069-1.04 Vernon's Texas Civil Statutes (and as the same may be incorporated by reference in other Texas statutes), but otherwise without limitation, that rate based upon the Maturity Date may"indicated rate ceiling", with or (b) the approval of all sum of the LendersBank One Texas Base Rate in effect from day to day plus one-fourth of one percent (1/4%), each such change in the rate of interest charged hereunder to become effective, without notice to Borrower, on the effective date of each change in the Bank One Texas Base Rate; provided, however, if at any time the rate of interest specified in clause (b) preceding shall exceed the Maximum Rate, thereby causing the interest on the Revolving Credit Loan to be extended annually thereafter for limited to the Maximum Rate, then any subsequent reduction in the Bank One Texas Base Rate shall not reduce the rate of interest on the Revolving Credit Loan below the Maximum Rate until the aggregate amount of interest accrued on the Revolving Credit Loan equals the aggregate amount of interest which would have accrued on the Revolving Credit Loan if the interest rate specified in clause (b) preceding had at all times been in effect. Accrued and unpaid interest on the Revolving Credit Loan shall be due and payable (a) quarterly in arrears, on the 1st day of each successive January, April, July and October commencing on January 1, 1996, until payment in full of the next two twelve-month periods following outstanding principal under the Maturity Revolving Credit Note and (b) on the Revolving Credit Termination Date. All past due principal and interest shall bear interest at the Maximum Rate.

Revolving Credit Note. The obligation of Borrower to repay the Revolving Credit Loans made by the Lenders hereunder Loan shall be evidenced by a single promissory note of the Borrowers in substantially the form of Exhibit B-1 attached hereto (the "Revolving Credit Note"), dated as of the Closing Date and completed with appropriate insertions. The Revolving Credit Note shall be executed by Borrower, payable to the order of Lender, in the Agent for the ratable account of each Lender in principal amounts equal to the Total Commitment, or, if less, the aggregate outstanding amount of all Revolving Credit Loans made by the Lenders hereunder, plus interest accrued thereon, as set forth below. The Borrowers irrevocably authorize the Agent to make or cause to be made, at or about the time of the Drawdown Date of any Revolving Credit Loan or at the time of receipt of any payment of principal or interest on the Revolving Credit Note, an appropriate notation on its Record reflecting the making of such Revolving Credit Loan or (as the case may be) the receipt of such payment and the respective pro-rata allocations to each Lender in accordance with its respective Percentage of the Total Commitment. The Agent shall record the outstanding amount of the Revolving Credit Loans on the Record as prima facie evidence Committed Sum and dated February 14, 1997. The principal of the principal amount thereof owing and unpaid to the Agent for the ratable account of the Lenders, but the failure to record, or any error in so recording, any such amount on the Record shall not limit or otherwise affect the obligations of the Borrowers hereunder or under the Revolving Credit Note to make payments of principal of or interest on the Revolving Credit Note when due. The Revolving Credit Note Loan shall be due and payable on the Maturity Revolving Credit Termination Date. The Revolving Credit Loan shall bear interest prior to maturity at a varying rate per annum equal from day to day to the lesser of (a) the maximum rate permitted from day to day by applicable law ("Maximum Rate"), provided including as to Article 5069-1.04 Vernon's Texas Civil Statutes (and as the same may be incorporated by reference in other Texas statutes), but otherwise without limitation, that rate based upon the Maturity Date may"indicated rate ceiling", with or (b) the approval of all sum of the LendersBank One Texas Base Rate in effect from day to day plus one- fourth of one percent (1/4%), each such change in the rate of interest charged hereunder to become effective, without notice to Borrower, on the effective date of each change in the Bank One Texas Base Rate; provided, however, if at any time the rate of interest specified in clause (b) preceding shall exceed the Maximum Rate, thereby causing the interest on the Revolving Credit Loan to be extended annually thereafter for limited to the Maximum Rate, then any subsequent reduction in the Bank One Texas Base Rate shall not reduce the rate of interest on the Revolving Credit Loan below the Maximum Rate until the aggregate amount of interest accrued on the Revolving Credit Loan equals the aggregate amount of interest which would have accrued on the Revolving Credit Loan if the interest rate specified in clause (b) preceding had at all times been in effect. Accrued and unpaid interest on the Revolving Credit Loan shall be due and payable (a) quarterly in arrears, on the 1st day of each successive April, July, October and January commencing on April 1, 1997, until payment in full of the next two twelve-month periods following outstanding principal under the Maturity Revolving Credit Note and (b) on the Revolving Credit Termination Date. All past due principal and interest shall bear interest at the Maximum Rate.

Revolving Credit Note. The Subject to the terms and conditions hereof, the Lender agrees to make a revolving credit loan (the "Revolving Loan") in an amount that shall not exceed at any one time an aggregate principal amount outstanding of more than the following (herein referred to as the "Revolving Credit Loans made Limit"): (i) One Million Nine Hundred Thousand Dollars ($1,900,000.00), less (ii) the sum of twelve (12) months' of estimated real estate taxes and assessments on the real property located at 00000 Xxxx Xxx, Xxxxxxx, Xxxxx, plus three (3) months' worth of insurance premiums for the insurance required by this Agreement. The obligation of the Lenders hereunder Borrower to repay the Revolving Loan shall be evidenced by a single promissory note of the Borrowers Revolving Credit Note (herein so called) substantially in substantially the form of Exhibit B-1 B attached hereto (the "Revolving Credit Note"), dated as of the Closing Date and completed with appropriate insertionshereto. The Borrower may request Advances under such Revolving Credit Note provided: (i) any Advances must be in increments of at least $150,000.00; and (ii) Borrower must be in compliance with all of the terms and conditions of the Loan Documents (as defined in this Agreement), including, without limitation, Section 2.2 of this Agreement. In no event shall Lender be payable obligated to make any Advances under such Revolving Loan to the order Borrower on or after the Maturity Date (as defined in this Agreement) or while any Event of Default has occurred or is continuing. Notwithstanding the principal amount of the Agent for Revolving Credit Note as stated on the ratable account of each Lender in principal amounts equal to the Total Commitment, or, if lessface thereof, the aggregate outstanding actual principal amount of all Revolving Credit Loans made by the Lenders hereunder, plus interest accrued thereon, as set forth below. The Borrowers irrevocably authorize the Agent due from Borrower to make or cause to be made, at or about the time of the Drawdown Date of any Revolving Credit Loan or at the time of receipt of any payment of principal or interest on Lender under the Revolving Credit Note, an appropriate notation as on its Record reflecting any date of computation, shall be the making sum of such Revolving Credit Loan or (as all advances then and theretofore made to the case may be) the receipt of such payment and the respective pro-rata allocations to each Borrower, less all payments actually received by Lender in accordance with its respective Percentage satisfaction of the Total Commitment. The Agent shall record the outstanding amount of the Revolving Credit Loans on the Record as prima facie evidence of the principal amount thereof owing and unpaid to the Agent for the ratable account of the Lenders, but the failure to record, or any error in so recording, any such amount on the Record shall not limit or otherwise affect the obligations of the Borrowers hereunder or under the Revolving Credit Note to make Borrower thereunder. Monthly payments of principal of or accrued interest on the Revolving Credit Note when due. The shall be due commencing on the first (1st) day of each month after a draw and continuing thereafter on any outstanding balances of principal and any accrued and unpaid interest until July 1, 2006, at which time, if the Revolving Credit Note is not sooner paid or the Borrower does not otherwise elect to exercise its renewal option as set forth in Section 1.8 below, all unpaid principal and accrued interest shall be due and payable on in full and the Revolving Credit Note shall mature. Subject to the provisions of Section 1.2 and this Section 1.3 of this Agreement, and the applicable provisions of the other Loan Documents, until the Maturity Date, provided Borrower may borrow, pay, prepay in whole or in part and reborrow, so long as not more than the Revolving Credit Limit is outstanding at any one time, it being understood that the Maturity Date mayRevolving Loan is a revolving loan and it is expressly contemplated that by reason of prepayments, with there may be times when no obligation is owing, but notwithstanding such occurrences, the approval of all of obligation to loan shall remain valid as to loans or advances made subsequent to such occurrences. The Term Note and the Lenders, be extended annually thereafter for each of Revolving Credit Note are sometimes hereinafter referred to collectively as the next two twelve-month periods following "Notes," and the Maturity Dateloans evidenced by the Term Note and the Revolving Credit Note are sometimes hereinafter referred to collectively as the "Loans."

Revolving Credit Note. The Each Revolving Credit Loans made by Loan shall be in ---------------------- the Lenders hereunder minimum principal amount of $100,000.00, and in minimum increased multiples of $25,000.00 (except that, if any requested borrowing would exhaust the remaining available Initial Commitment or Net Revolving Loan Commitment, as the case may be, such borrowing may be in an amount equal to the amount of the remaining available Initial Commitment or Net Revolving Loan Commitment). Each Revolving Credit Loan shall be evidenced by a single promissory note the Revolving Credit Note of the Borrowers in substantially the form of Exhibit B-1 attached hereto (the "Revolving Credit Note"), dated as of the Closing Date and completed with appropriate insertionsBorrower. The Revolving Credit Note shall be payable dated the date hereof and be in the principal amount of the Initial Commitment and shall mature on the Second Conversion Date, at which time the entire outstanding principal balance and all interest thereon shall be due and payable. The Revolving Credit Note shall be entitled to the order of the Agent for the ratable account of each Lender in principal amounts equal benefits and subject to the Total Commitment, or, if less, the aggregate outstanding amount provisions of all Revolving Credit Loans made by the Lenders hereunder, plus interest accrued thereon, as set forth belowthis Agreement. The Borrowers irrevocably authorize the Agent to make or cause to be made, at or about At the time of the Drawdown Date making of any each Revolving Credit Loan and at the time of each payment of principal thereon, the holder of the Revolving Credit Note is hereby authorized by the Borrower to make a notation on the schedule annexed to the Revolving Credit Note of the date and amount, and the type and Interest Period of the Revolving Credit Loan or at the time of receipt of any payment of principal or interest on the Revolving Credit Notepayment, an appropriate notation on its Record reflecting the making of such Revolving Credit Loan or (as the case may be) the receipt of such payment and the respective pro-rata allocations . Failure to each Lender in accordance make a notation with its respective Percentage of the Total Commitment. The Agent shall record the outstanding amount of the respect to any Revolving Credit Loans on the Record as prima facie evidence of the principal amount thereof owing and unpaid to the Agent for the ratable account of the Lenders, but the failure to record, or any error in so recording, any such amount on the Record Loan shall not limit or otherwise affect the obligations obligation of the Borrowers Borrower hereunder or under the Revolving Credit Note with respect to make payments such Revolving Credit Loan, and any payment of principal of or interest on the Revolving Credit Note when due. The Revolving Credit Note by the Borrower shall not be due and payable affected by the failure to make a notation thereof on the Maturity Date, provided that the Maturity Date may, with the approval of all of the Lenders, be extended annually thereafter for each of the next two twelve-month periods following the Maturity Datesaid schedule.

Revolving Credit Note. The Revolving Credit Loans made by the Lenders hereunder borrowing under Section 4.01(a) above shall be evidenced by a single promissory note Revolving Credit Note in the principal amount of the Borrowers in substantially the form of Exhibit B-1 attached hereto $2,500,000 (herein, together with any and all amendments, modifications, renewals, extensions, restatements and substitutions thereof and therefor, collectively called the "Revolving Credit Note"), dated as of the Closing Date and completed with appropriate insertions. The Revolving Credit Note shall be payable to in the order form set forth in Exhibit D, shall be dated the Closing Date and shall mature on the Maturity Date unless sooner due in accordance with the terms of this Agreement or the Agent for the ratable account of each Lender in principal amounts equal to the Total Commitment, or, if less, the aggregate outstanding amount of all Revolving Credit Loans made by the Lenders hereunder, plus interest accrued thereon, as set forth belowNote. The Borrowers irrevocably authorize the Agent to make or cause to be made, at or about At the time of the Drawdown Date of any Revolving Credit Loan or at the time of receipt of any payment of principal or interest on initial borrowing under the Revolving Credit NoteLoan, and at each time an additional borrowing shall be requested under said Revolving Loan, or a repayment made in whole or in part, thereon, an appropriate notation on thereof shall be entered by Secured Party in its Record reflecting books and records, provided, however, that no borrowing under the making of such Revolving Credit Loan or (as the case may be) the receipt of such payment and the respective pro-rata allocations to each Lender in accordance with its respective Percentage of the Total Commitment. The Agent shall record the outstanding amount of the Revolving Credit Loans on the Record as prima facie evidence of the principal amount thereof owing and unpaid to the Agent for the ratable account of the Lenders, but the failure to record, or any error in so recording, any such amount on the Record shall not limit or otherwise affect the obligations of the Borrowers hereunder or balance under the Revolving Credit Note to make payments of principal of or interest on shall exceed the Revolving Credit Note when dueBorrowing Base. The Revolving Credit Note shall bear interest from the date all or any portion thereof shall be disbursed or advanced until maturity at a fluctuating interest rate equal to the Prime Rate on the outstanding principal adjusted every Business Day as may be necessary to correspond with changes in the Prime Rate, payable on the first day of each month (commencing November 1, 1998) on the unpaid principal balance of the Revolving Loan from time to time for the preceding month. All amounts outstanding borrowed under the Revolving Loan, with accrued interest thereon, shall be due and payable on the Maturity Date. Debtor shall advise Secured Party by 2:00 p.m. on any Business Day of the amount and date of any requested borrowing under the Revolving Loan. Upon the performance of all conditions precedent and provided no Event of Default, provided that as described herein shall exist, Secured Party will credit the Maturity Date may, account of the Debtor with the approval specific amount of said borrowing. The amount outstanding after each request for a borrowing under the Revolving Loan shall not exceed the Borrowing Base, as reduced by (A) the amount of all advances Secured Party makes to Debtor under the Revolving Loan then remaining unpaid, and (b) all letters of credit, other credits or indulgences Secured Party grants to Debtor under the LendersRevolving Loan from time to time, be extended annually thereafter for if any. Debtor shall deliver to Secured Party on a monthly basis or at the time of each of requested advance, a borrowing certificate in the next two twelve-month periods following the Maturity Date.form attached hereto as Exhibit E.

Revolving Credit Note. The Revolving Credit Loans made by the Lenders hereunder Bank --------------------- pursuant to Section 2.2 hereof shall be evidenced by a single promissory note of the Borrowers Company, payable to the order of the Bank, substantially in substantially the form of Exhibit B-1 attached hereto A hereto, with blanks appropriately completed (the "Revolving Credit Note"), dated as ) representing the obligation of the Closing Date and completed with appropriate insertions. The Revolving Credit Note shall be payable Company to the order of the Agent for the ratable account of each Lender in principal amounts equal to the Total Commitment, or, if less, pay the aggregate outstanding unpaid amount of all Revolving Credit Loans made by the Lenders hereunderBank 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 2.5 hereof, and in the case of LIBOR Rate Loans for Interest Periods of 1, 2 or 3 months as therein specified, equal to either (1) the LIBOR Rate plus interest accrued 2.00% or (2) the Prime Rate. The Revolving Credit Note shall be dated the date of this Agreement, be payable to the order of the Bank and be stated to mature on the Termination Date. The Bank is hereby irrevocably authorized by the Company to enter on the schedule attached to the Revolving Credit Note the amount of each Revolving Credit Loan made by it, each payment thereon, as set forth below. The Borrowers irrevocably authorize and the Agent other information provided for on such schedule; provided, however, that the failure to make or cause any such entry with respect to be made, at or about the time of the Drawdown Date of any Revolving Credit Loan or at the time of receipt of any payment of principal or interest on the Revolving Credit Note, an appropriate notation on its Record reflecting the making of such Revolving Credit Loan or (as the case may be) the receipt of such payment and the respective pro-rata allocations to each Lender in accordance with its respective Percentage of the Total Commitment. The Agent shall record the outstanding amount of the Revolving Credit Loans on the Record as prima facie evidence of the principal amount thereof owing and unpaid to the Agent for the ratable account of the Lenders, but the failure to record, or any error in so recording, any such amount on the Record shall not limit or otherwise affect the obligations obligation of the Borrowers hereunder or under Company to repay the Revolving Credit Note same and, in all events, the principal amount owing by the Company in respect to make payments of principal of or interest on the Revolving Credit Note when due. The Revolving Credit Note shall be due the aggregate amount of all Revolving Credit Loans made by the Bank less all payments of principal thereon made by the Company. The Bank may attach one or more continuations to such schedule as and payable when required. The aggregate unpaid principal balance of the Revolving Credit Loans set forth on the Maturity Date, provided that schedule attached to the Maturity Date may, with the approval of all Revolving Credit Note shall be presumptive evidence of the Lenders, be extended annually thereafter for each of the next two twelve-month periods following the Maturity Dateprincipal amount owing and paid thereon.

Revolving Credit Note. The obligation of Borrower to repay the Revolving Credit Loans made by the Lenders hereunder Loan shall be evidenced by a single promissory note of the Borrowers in substantially the form of Exhibit B-1 attached hereto (the "Revolving Credit Note"), dated as of the Closing Date and completed with appropriate insertions. The Revolving Credit Note shall be executed by Borrower, payable to the order of Lender, in the Agent for the ratable account of each Lender in principal amounts equal to the Total Commitment, or, if less, the aggregate outstanding amount of all Revolving Credit Loans made by the Lenders hereunder, plus interest accrued thereon, as set forth below. The Borrowers irrevocably authorize the Agent to make or cause to be made, at or about the time of the Drawdown Date of any Revolving Credit Loan or at the time of receipt of any payment of principal or interest on the Revolving Credit Note, an appropriate notation on its Record reflecting the making of such Revolving Credit Loan or (as the case may be) the receipt of such payment and the respective pro-rata allocations to each Lender in accordance with its respective Percentage of the Total Commitment. The Agent shall record the outstanding amount of the Revolving Credit Loans on Committed Sum and dated the Record as prima facie evidence date of the principal amount thereof owing and unpaid to the Agent for the ratable account making of the Lenders, but the failure to record, or any error in so recording, any such amount on the Record shall not limit or otherwise affect the obligations of the Borrowers hereunder or under the Revolving Credit Note to make payments of Loan. The principal of or interest on the Revolving Credit Note when due. The Revolving Credit Note Loan shall be due and payable on the Maturity Revolving Credit Termination Date. The Revolving Credit Loan shall bear interest prior to maturity at a varying rate per annum equal from day to day to the lesser of (a) the maximum rate permitted from day to day by applicable law ("Maximum Rate"), provided including as to Article 5069-1.04 Vernon's Texas Civil Statutes (and as the same may be incorporated by reference in other Texas statutes), but otherwise without limitation, that rate based upon the Maturity Date may, with "indicated rate ceiling," or (b) the approval of all sum of the LendersBank One Texas Base Rate in effect from day to day plus one-half of one percent (1/2%), each such change in the rate of interest charged hereunder to become effective, without notice to Borrower, on the effective date of each change in the Bank One Texas Base Rate; provided, however, if at any time the rate of interest specified in clause (b) preceding shall exceed the Maximum Rate, thereby causing the interest on the Revolving Credit Loan to be extended annually thereafter for limited to the Maximum Rate, then any subsequent reduction in the Bank One Texas Base Rate shall not reduce the rate of interest on the Revolving Credit Loan below the Maximum Rate until the aggregate amount of interest accrued on the Revolving Credit Loan equals the aggregate amount of interest which would have accrued on the Revolving Credit Loan if the interest rate specified in clause (b) preceding had at all times been in effect. Accrued and unpaid interest on the Revolving Credit Loan shall be due and payable (a) quarterly in arrears, on the 1st day of each successive July, October, January and April commencing on July 1, 1994, until payment in full of the next two twelve-month periods following outstanding principal under the Maturity Revolving Credit Note and (b) on the Revolving Credit Termination Date. All past due principal and interest shall bear interest at the Maximum Rate.

Revolving Credit Note. The Revolving Credit Loans made by the Lenders hereunder shall be evidenced by a single promissory note of the Borrowers in substantially the form of Exhibit B-1 attached hereto (the "Revolving Credit Note"), dated as substantially in the form of the Closing Date and completed Exhibit A, with appropriate insertions, dated the date hereof, payable to the order of Lender and in the principal amount of the Revolving Credit Commitment. Lender may at any time and from time to time at Lender's sole option attach a schedule (grid) to the Revolving Credit Note and endorse thereon notations with respect to each Revolving Credit Loan specifying the date and principal amount thereof, the Interest Period (as defined below) (if applicable), the applicable interest rate and rate option, and the date and amount of each payment of principal and interest made by Borrower with respect to each such Revolving Credit Loan. Lender's endorsements as well as its records relating to Revolving Credit Loans shall be rebuttably presumptive evidence of the outstanding principal and interest on the Revolving Credit Loans, and, in the event of inconsistency, shall prevail over any records of Borrower and any written confirmations of Revolving Credit Loans given by Borrower. The principal of the Revolving Credit Note shall be payable on or before June 30, 2000 ("Initial Maturity Date"), provided, however, Borrower may give to Lender written notice sixty (60) days prior to July 23, 2000 and each annual anniversary thereafter of its intention to renew the order Revolving Loan and extend the Initial Maturity Date for an additional One year period commencing on July 23, 2000 or such annual anniversary thereafter and ending on the next succeeding annual anniversary of the Agent for the ratable account of each Lender in principal amounts equal to the Total Commitment, or, if less, the aggregate outstanding amount of all Revolving Credit Loans made by the Lenders hereunder, plus interest accrued thereon, as set forth below. The Borrowers irrevocably authorize the Agent to make or cause to be made, at or about the time of the Drawdown Date of any Revolving Credit Loan or at the time of receipt of any payment of principal or interest on the Revolving Credit Note, an appropriate notation on its Record reflecting the making of such Revolving Credit Loan or (as the case may be) the receipt of such payment and the respective pro-rata allocations to each Lender in accordance with its respective Percentage of the Total Commitment. The Agent shall record the outstanding amount of the Revolving Credit Loans on the Record as prima facie evidence of the principal amount thereof owing and unpaid to the Agent for the ratable account of the Lenders, but the failure to record, or any error in so recording, any such amount on the Record shall not limit or otherwise affect the obligations of the Borrowers hereunder or under the Revolving Credit Note to make payments of principal of or interest on the Revolving Credit Note when due. The Revolving Credit Note shall be due and payable on the then current Initial Maturity Date, provided that provided, further, Lender gives its consent to such renewal in writing thirty (30) days prior to each such anniversary data, as applicable (the Initial Maturity Date may, or extension thereof shall be referred to as the "Maturity Date"). "Closing Date" means the date upon which Borrower executes and delivers this Agreement and complies with the approval terms of all Section 6 of the Lenders, be extended annually thereafter for each of the next two twelve-month periods following the Maturity Datethis Agreement.