Common use of Revolving Loan Note Clause in Contracts

Revolving Loan Note. The obligation of Borrower to repay the Revolving Loans and to pay interest thereon at the rates provided herein shall be evidenced by a promissory note in the form of Exhibit A (the “Revolving Loan Note”), which note shall be (i) in the original principal amount of $450,000,000, (ii) dated the Closing Date and (iii) otherwise appropriately completed. Lender shall record on its general ledger the date and amount of each Revolving Loan and of each payment or prepayment of principal and each payment of interest or other amounts thereon made by Borrower.

Appears in 3 contracts

Samples: Credit and Security Agreement (Toro Co), Credit and Security Agreement, Credit and Security Agreement (Toro Co)

AutoNDA by SimpleDocs

Revolving Loan Note. The obligation of Borrower to repay the Revolving Loans and to pay interest thereon at the rates provided herein shall be evidenced by a promissory note in the a form of Exhibit A agreed to by Xxxxxx (the “Revolving Loan Note”), which note shall be (i) in the original principal amount of $450,000,000, (ii) dated the Closing Date and (iii) otherwise appropriately completed. Lender shall record on its general ledger the date and amount of each Revolving Loan and of each payment or prepayment of principal and each payment of interest or other amounts thereon made by Borrower.

Appears in 1 contract

Samples: Credit and Security Agreement (Toro Co)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.