Common use of Revolving Loan Note Clause in Contracts

Revolving Loan Note. The Revolving Loans shall be ------------------- evidenced by a promissory note (the "Revolving Loan Note"), substantially in the form attached hereto as Exhibit A, appropriately completed by the Borrower, duly executed and delivered on behalf of the Borrower, and payable to the order of the Bank. The date and amount of each Revolving Loan, and the date and amount of each payment or prepayment of principal of any Revolving Loan, shall be recorded on the grid schedule annexed to the Revolving Loan Note, and the Borrower authorizes the Bank to make such recordation. The Revolving Loan Note and grid schedule shall be presumptive evidence of the Revolving Loans, absent manifest error. The aggregate principal amount outstanding on each Revolving Loan Note shall be payable on the Revolving Loan Repayment Date. All accrued and unpaid interest on the Revolving Loans shall be payable on each Interest Payment Date and on the Revolving Loan Repayment Date; provided, however, that if any such -------- ------- day is not a Business Day, such accrued interest, if any, shall be payable on the next succeeding Business Day with additional accrued interest until paid.