{"component": "clause", "props": {"groups": [{"samples": [{"hash": "gPV2r4lOGsw", "uri": "/contracts/gPV2r4lOGsw#revolving-note", "label": "Credit Agreement", "score": 31.3408622742, "published": true}, {"hash": "ckud26O6K9R", "uri": "/contracts/ckud26O6K9R#revolving-note", "label": "Senior Secured Revolving Credit Facility Agreement", "score": 31.3408622742, "published": true}, {"hash": "4Dd0QHvOYtA", "uri": "/contracts/4Dd0QHvOYtA#revolving-note", "label": "Credit Agreement (THEDIRECTORY.COM, Inc.)", "score": 25.3422317505, "published": true}], "snippet_links": [{"key": "original-revolving-note", "type": "definition", "offset": [3, 26]}, {"key": "by-borrower", "type": "clause", "offset": [41, 52]}], "snippet": "An original Revolving Note duly executed by Borrower;", "size": 46, "hash": "5647bc1ba0646f5f66bad6b0b7876af1", "id": 2}, {"samples": [{"hash": "gils9mV5vao", "uri": "/contracts/gils9mV5vao#revolving-note", "label": "Loan and Security Agreement (Synergetics Usa Inc)", "score": 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"/contracts/45C5Jslz4BH#revolving-note", "label": "Credit Agreement (PDF Solutions Inc)", "score": 18.0, "published": true}], "snippet_links": [{"key": "the-interest-rate", "type": "clause", "offset": [0, 17]}, {"key": "principal-and-interest-payments", "type": "clause", "offset": [19, 50]}, {"key": "maturity-date", "type": "clause", "offset": [52, 65]}, {"key": "the-revolving-loan", "type": "clause", "offset": [93, 111]}, {"key": "contained-in", "type": "definition", "offset": [120, 132]}, {"key": "promissory-note", "type": "clause", "offset": [135, 150]}, {"key": "date-of-this-agreement", "type": "definition", "offset": [161, 183]}, {"key": "from-time-to-time", "type": "clause", "offset": [220, 237]}], "snippet": "The interest rate, principal and interest payments, maturity date and certain other terms of the Revolving Loan will be contained in a promissory note dated the date of this agreement, as such may be amended or replaced from time to time.", "size": 17, "hash": "e5331b0839466bd230d59ba79c545e54", "id": 6}, {"samples": [{"hash": "hLn0xut0N0Q", "uri": "/contracts/hLn0xut0N0Q#revolving-note", "label": "Senior Secured Revolving Credit Facility Agreement (SRAX, Inc.)", "score": 33.6105422974, "published": true}, {"hash": "jBe4YFwy3JI", "uri": "/contracts/jBe4YFwy3JI#revolving-note", "label": "Senior Secured Revolving Credit Facility Agreement (Hispanica International Delights of America, Inc.)", "score": 27.516084671, "published": true}, {"hash": "4e15c8jGiHv", "uri": "/contracts/4e15c8jGiHv#revolving-note", "label": "Senior Secured Revolving Credit Facility Agreement (Tarsier Ltd.)", "score": 27.1683769226, "published": true}], "snippet_links": [{"key": "original-revolving-note", "type": "definition", "offset": [3, 26]}, {"key": "by-borrower", "type": "clause", "offset": [42, 53]}, {"key": "the-guarantors", "type": "clause", "offset": [85, 99]}], "snippet": "An original Revolving Note, duly executed by Borrower and consented and agreed to by the Guarantors;", "size": 15, "hash": "e54b5c192cf11085c58e604761fa0422", "id": 8}, {"samples": [{"hash": "2ITHY2UV3na", "uri": "/contracts/2ITHY2UV3na#revolving-note", "label": "Loan and Security Agreement (Atlas Financial Holdings, Inc.)", "score": 26.3552360535, "published": true}, {"hash": "kNiuv5gY02R", "uri": "/contracts/kNiuv5gY02R#revolving-note", "label": "Loan Agreement (Atlas Financial Holdings, Inc.)", "score": 25.591375351, "published": true}, {"hash": "lwdzReR3D2S", "uri": "/contracts/lwdzReR3D2S#revolving-note", "label": "Loan and Security Agreement (CHS Inc)", "score": 21.0, "published": true}], "snippet_links": [{"key": "the-revolving-loans", "type": "clause", "offset": [0, 19]}, {"key": "obligations-shall", "type": "definition", "offset": [45, 62]}, {"key": "the-revolving-note", "type": "clause", "offset": [79, 97]}, {"key": "time-of-the", "type": "clause", "offset": [106, 117]}, {"key": "initial-disbursement", "type": "clause", "offset": [118, 138]}, {"key": "loan-shall", "type": "definition", "offset": [201, 211]}, {"key": "records-of-the-bank", "type": "definition", "offset": [334, 353]}, {"key": "manifest-error", "type": "definition", "offset": [393, 407]}, {"key": "conclusive-and-binding", "type": "clause", "offset": [409, 431]}, {"key": "evidence-of", "type": "definition", "offset": [432, 443]}, {"key": "the-principal-amount", "type": "definition", "offset": [448, 468]}, {"key": "accrued-and-unpaid-interest", "type": "clause", "offset": [572, 599]}, {"key": "failure-to-record", "type": "clause", "offset": [723, 740]}, {"key": "obligations-of-the-borrower", "type": "definition", "offset": [846, 873]}, {"key": "to-repay", "type": "clause", "offset": [899, 907]}, {"key": "interest-accruing", "type": "clause", "offset": [971, 988]}], "snippet": "The Revolving Loans and the Letter of Credit Obligations shall be evidenced by the Revolving Note. At the time of the initial disbursement of a Revolving Loan and at each time any additional Revolving Loan shall be requested hereunder or a repayment made in whole or in part thereon, a notation thereof shall be made on the books and records of the Bank. All amounts recorded shall be, absent manifest error, conclusive and binding evidence of (i) the principal amount of the Revolving Loans advanced hereunder and the amount of all Letter of Credit Obligations, (ii) any accrued and unpaid interest owing on the Revolving Loans, and (iii) all amounts repaid on the Revolving Loans or the Letter of Credit Obligations. The failure to record any such amount or any error in recording such amounts shall not, however, limit or otherwise affect the obligations of the Borrower under the Revolving Note to repay the principal amount of the Revolving Loans, together with all interest accruing thereon.", "size": 34, "hash": "3b8e83079951c7867a1079bb97bfc634", "id": 3}, {"samples": [{"hash": "fV3XIagHZXk", "uri": "/contracts/fV3XIagHZXk#revolving-note", "label": "Credit and Security Agreement (Educational Insights Inc)", "score": 18.0, "published": true}, {"hash": "dJEpCliWM1v", "uri": "/contracts/dJEpCliWM1v#revolving-note", "label": "Credit and Security Agreement (Rockshox Inc)", "score": 18.0, "published": true}], "snippet_links": [{"key": "the-revolving-note", "type": "clause", "offset": [88, 106]}, {"key": "floating-rate", "type": "definition", "offset": [134, 147]}], "snippet": "Except as set forth in Sections 2.6(c) and 2.6(e), the outstanding principal balance of the Revolving Note shall bear interest at the Floating Rate.", "size": 19, "hash": "9f8ec32767cddfac6b2600d78be35b7e", "id": 5}, {"samples": [{"hash": "lQ9YwGrs423", "uri": "/contracts/lQ9YwGrs423#revolving-note", "label": "Credit and Security Agreement (Merrimac Industries Inc)", "score": 21.0, "published": true}, {"hash": "hqGh15clE8a", "uri": "/contracts/hqGh15clE8a#revolving-note", "label": "Credit and Security Agreement (Pinnacle Data Systems Inc)", "score": 21.0, "published": true}, {"hash": "fvk7xClRFjC", "uri": "/contracts/fvk7xClRFjC#revolving-note", "label": "Credit and Security Agreement (Iridex Corp)", "score": 21.0, "published": true}], "snippet_links": [{"key": "obligation-to-repay", "type": "clause", "offset": [10, 29]}, {"key": "line-of-credit-advances", "type": "clause", "offset": [30, 53]}, {"key": "section-13", "type": "clause", "offset": [89, 100]}, {"key": "revolving-promissory-note", "type": "definition", "offset": [126, 151]}, {"key": "from-time-to-time", "type": "clause", "offset": [185, 202]}], "snippet": "Company\u2019s obligation to repay Line of Credit Advances, regardless of how initiated under Section 1.3, shall be evidenced by a revolving promissory note (as renewed, amended or replaced from time to time, the \u201cRevolving Note\u201d).", "size": 17, "hash": "51568b14a5efe9c34518a6a321232640", "id": 7}, {"samples": [{"hash": "a6yOTjx5hQt", "uri": "/contracts/a6yOTjx5hQt#revolving-note", "label": "Credit Agreement (First Trust Private Assets Fund)", "score": 37.0383300781, "published": true}, {"hash": "bKLKJHvNddI", "uri": "/contracts/bKLKJHvNddI#revolving-note", "label": "Credit Agreement (First Trust Hedged Strategies Fund)", "score": 36.57289505, "published": true}, {"hash": "bBVwKXtqcBJ", "uri": "/contracts/bBVwKXtqcBJ#revolving-note", "label": "Credit Agreement (First Trust Alternative Opportunities Fund)", "score": 36.57289505, "published": true}], "snippet_links": [{"key": "the-revolving-loans", "type": "clause", "offset": [0, 19]}, {"key": "by-the-lender", "type": "clause", "offset": [25, 38]}, {"key": "promissory-note", "type": "clause", "offset": [79, 94]}, {"key": "form-and-substance", "type": "clause", "offset": [115, 133]}, {"key": "as-amended", "type": "definition", "offset": [162, 172]}, {"key": "from-time-to-time", "type": "clause", "offset": [207, 224]}, {"key": "payable-to", "type": "definition", "offset": [249, 259]}, {"key": "order-of", "type": "clause", "offset": [264, 272]}, {"key": "obligation-of-the-borrower", "type": "clause", "offset": [305, 331]}, {"key": "to-pay", "type": "clause", "offset": [332, 338]}, {"key": "unpaid-principal-amount", "type": "definition", "offset": [353, 376]}, {"key": "all-revolving-loans", "type": "clause", "offset": [380, 399]}, {"key": "with-interest", "type": "definition", "offset": [420, 433]}, {"key": "as-prescribed", "type": "definition", "offset": [442, 455]}, {"key": "section-23", "type": "clause", "offset": [459, 470]}], "snippet": "The Revolving Loans made by the Lender pursuant hereto shall be evidenced by a promissory note of the Borrower, in form and substance satisfactory to the Lender (as amended, modified, refinanced or restated from time to time, the \u201cRevolving Note\u201d), payable to the order of the Lender and representing the obligation of the Borrower to pay the aggregate unpaid principal amount of all Revolving Loans made by the Lender, with interest thereon as prescribed in Section 2.3.", "size": 13, "hash": "e90b16f635ce07c36ca3714c5b89abaf", "id": 9}, {"samples": [{"hash": "ag3mVvWzyE0", "uri": "/contracts/ag3mVvWzyE0#revolving-note", "label": "Loan and Servicing Agreement", "score": 29.3408622742, "published": true}, {"hash": "9L7O1roAvdb", "uri": "/contracts/9L7O1roAvdb#revolving-note", "label": "Loan and Servicing Agreement (NF Investment Corp.)", "score": 27.1902809143, "published": true}, {"hash": "lozgnAlHEt", "uri": "/contracts/lozgnAlHEt#revolving-note", "label": "Loan and Servicing Agreement (Carlyle GMS Finance, Inc.)", "score": 26.6098556519, "published": true}], "snippet_links": [{"key": "the-borrower", "type": "definition", "offset": [0, 12]}, {"key": "date-hereof", "type": "clause", "offset": [55, 66]}, {"key": "terms-and", "type": "clause", "offset": [79, 88]}, {"key": "the-conditions", "type": "clause", "offset": [100, 114]}, {"key": "lender-agent", "type": "definition", "offset": [156, 168]}, {"key": "this-agreement", "type": "clause", "offset": [229, 243]}, {"key": "date-of", "type": "clause", "offset": [266, 273]}, {"key": "joinder-supplement", "type": "definition", "offset": [278, 296]}, {"key": "additional-lender", "type": "definition", "offset": [306, 323]}, {"key": "the-applicable", "type": "clause", "offset": [359, 373]}, {"key": "duly-executed", "type": "clause", "offset": [396, 409]}, {"key": "to-the-extent", "type": "clause", "offset": [448, 461]}, {"key": "requested-by", "type": "clause", "offset": [462, 474]}, {"key": "form-of", "type": "definition", "offset": [515, 522]}, {"key": "exhibit-h", "type": "clause", "offset": [523, 532]}, {"key": "aggregate-face-amount", "type": "definition", "offset": [540, 561]}, {"key": "equal-to", "type": "definition", "offset": [562, 570]}, {"key": "lender-group", "type": "clause", "offset": [586, 598]}, {"key": "group-advance-limit", "type": "definition", "offset": [601, 620]}, {"key": "as-of-the-closing-date", "type": "clause", "offset": [621, 643]}, {"key": "the-revolving-note", "type": "clause", "offset": [763, 781]}], "snippet": "The Borrower has heretofore delivered or shall, on the date hereof (and on the terms and subject to the conditions hereinafter set forth), deliver, to each Lender Agent so requesting, at the address set forth in Section 12.02 of this Agreement, and on the effective date of any Joinder Supplement, to each additional Lender Agent, at the address set forth in the applicable Joinder Supplement, a duly executed Revolving Note (the \u201cRevolving Note\u201d) to the extent requested by such Lender Agent, in substantially the form of Exhibit H, in an aggregate face amount equal to the applicable Lender Group\u2019s Group Advance Limit as of the Closing Date or the effective date of any Joinder Supplement, as applicable, and otherwise duly completed. Interest shall accrue on the Revolving Note, and the Revolving Note shall be payable, as described herein.", "size": 13, "hash": "d1b5609b187d1ebdcafdaa7912c6cd81", "id": 10}], "next_curs": "ClcSUWoVc35sYXdpbnNpZGVyY29udHJhY3RzcjMLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhdyZXZvbHZpbmctbm90ZSMwMDAwMDAwYQyiAQJlbhgAIAA=", "clause": {"title": "Revolving Note", "size": 780, "parents": [["conditions-of-borrowing", "CONDITIONS OF BORROWING"], ["notes", "Notes"], ["credit-facility", "Credit Facility"], ["loan-documents", "Loan Documents"], ["amount-and-terms-of-the-credit-facility", "Amount and Terms of the Credit Facility"]], "children": [["interest", "Interest"], ["revolving-note", "Revolving Note"], ["base-rate-loans", "BASE RATE LOANS"], ["options", "Options"], ["eurodollar-loans", "EURODOLLAR LOANS"]], "id": "revolving-note", "related": [["revolving-notes", "Revolving Notes", "<strong>Revolving Notes</strong>"], ["swingline-note", "Swingline Note", "Swingline Note"], ["revolving-credit-note", "Revolving Credit Note", "Revolving Credit Note"], ["term-note", "Term Note", "Term Note"], ["revolving-loan-notes", "Revolving Loan Notes", "Revolving Loan Notes"]], "related_snippets": [], "updated": "2026-05-16T05:47:53+00:00", "also_ask": ["What key terms must be included to ensure the Revolving Note is enforceable and flexible?", "How can the borrower or lender strategically negotiate advance and repayment provisions?", "What are the most common risks or pitfalls in drafting Revolving Notes?", "How do courts typically interpret ambiguous or missing terms in Revolving Notes?", "How does this Revolving Note compare to term loan notes in terms of legal protections and risks?"], "drafting_tip": "Specify the maximum principal amount to cap lender exposure, define the borrowing period to clarify availability, and outline repayment terms to ensure enforceability.", "explanation": "A Revolving Note is a financial instrument that allows the borrower to draw, repay, and re-borrow funds up to a specified credit limit during a set period. In practice, this clause outlines the terms under which the borrower can access funds multiple times, similar to a line of credit, and details the repayment schedule, interest calculation, and any conditions for additional advances. Its core function is to provide flexible access to capital, enabling the borrower to manage cash flow needs efficiently while giving the lender clear parameters for lending and repayment."}, "json": true, "cursor": ""}}