Revolving Promissory Note Sample Clauses

Revolving Promissory Note. Effective as of the date hereof, the Revolving Credit Commitment shall be evidenced by a Revolving Promissory Note dated of even date herewith payable by Borrower to the order of Lender in the stated principal amount of $6,000,000.00.
Sample 1
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Revolving Promissory Note. The obligations of Borrowers to repay the unpaid principal amount of the Loans made by each Lender and to pay interest thereon and to pay Reimbursement Obligations shall be evidenced in part by the Revolving Promissory Note of Borrowers payable to the order of the Agent dated of even date herewith in the stated principal amount of $50,000,000 in the form attached hereto as Exhibit C. The executed Revolving Promissory Note shall be delivered by the Borrowers to the Agent on or before the Closing Date. The date and amount of the Loans made and Letters of Credit issued on behalf of each Borrower and payment of principal and Reimbursement Obligations, as applicable, with respect thereto shall be recorded on the books and records of the Agent, which books and records shall constitute prima facie evidence of the accuracy of the information therein recorded.
Sample 1
Revolving Promissory Note. The Borrower's Revolving Promissory Note of even date herewith, in the amount of $5,000,000.00 payable to the Lender (the "Revolving Note");
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Revolving Promissory Note. Provider shall execute and deliver to CHF a Revolving Promissory Note substantially in the form of EXHIBIT B attached hereto and made a part hereof (the "NOTE") to evidence Provider's obligation to repay Advances, all Obligations, and interest thereon.
Sample 1
Revolving Promissory Note. A Revolving Promissory Note of even date herewith made by Borrower and payable to the order of Lender (“Note”) up to the principal amount of One Million Five Hundred Thousand and 00/100 Dollars ($1,500,000.00) (the “Loan Amount”);
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Revolving Promissory Note. (i) The Note is hereby amended and restated in the form attached hereto as Exhibit “A-1”.
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Revolving Promissory Note. As soon as practicable after the Closing Date, Henley will pay off the outstanding balance of the Revolving Promissxxx Xxte with Liberty State Bank, or obtain a release of Shareholder's personal guarantee. Henley further agrees that it will not make any future borrowings unxxx xxis credit facility, unless and until Henley shall have obtained the release of Shareholder's personal guaxxxxxx.
Sample 1
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Revolving Promissory Note. The Advances made under Section 2.1 hereof ------------------------- by Bank shall be evidenced by the Note executed by Borrower, which Note shall (i) be dated the date hereof, (ii) be payable to the order of Bank, (iii) bear interest in accordance with Section 2.5 hereof, and (iv) be in the form of Exhibit A attached hereto with blanks appropriately completed in conformity herewith. The Note shall also support the amount of each Letter of Credit issued pursuant to Section 2.2 herein. Upon the funding of any Letter of Credit by the Bank, Borrowers shall provide Bank with a Notice of Borrowing in such an amount as is necessary to pay off the funded Letter of Credit. Such Notice of Borrowing shall be given to Bank at most one (1) Business Day after Borrower is notified of the funding upon the Letter of Credit. If the required Notice of Borrowing shall not have been timely received by Bank, Borrowers shall be deemed to have selected the rate set forth in Section 2.5(a) to be applicable to such portion of the Loan necessary to pay off the Letter of Credit and to have given Bank notice of such selection. Notwithstanding the principal amount of the Note as stated on the face thereof, the amount of principal actually owing on such Note at any given time shall be the aggregate of all Advances theretofore made to Borrower hereunder, less all payments of principal theretofore actually received hereunder by Bank. Bank is authorized, but is not required, to endorse on the schedule attached to the Note appropriate notations evidencing the date and amount of each Advance as well as the amount of each payment made by Borrower thereunder.
Sample 1
Revolving Promissory Note. During the Commitment ------------------------- Period, accrued and unpaid interest on the Revolving Promissory Note shall be due and payable monthly in arrears commencing on the first day of November, 1996, and continuing on the first day of each month thereafter while any Loan Balance remains outstanding, the payment in each instance to be the amount of interest which has accrued and remains unpaid. The principal amount of the Note together with any accrued but unpaid interest shall be due and payable in full on the Maturity Date, if there has not been an Event of Default which has resulted in all Obligations becoming immediately due and payable in accordance with Section 8.2 of this Agreement or before the Maturity Date if there has been an Event of Default which has resulted in all Obligations becoming immediately due and payable in accordance with Section 8.2 of this Agreement.
Sample 1

Related to Revolving Promissory Note

  • Revolving Credit Note The Revolving Credit Loans made by each Lender shall be evidenced by a promissory note of the Company (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 such Lender in a principal amount equal to the Revolving Credit Commitment of such Lender. 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 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 3.01 hereof. Each Lender is authorized to record the date, Type and amount of each Revolving Credit Loan, the Applicable Currency thereof, and the date and amount of each payment or prepayment of principal of each Revolving Credit Loan in such Lender’s records or on the grid schedule annexed to such Lender’s Revolving Credit Note; provided, however, that the failure of 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 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 each Lender shall constitute presumptive evidence of the information so recorded absent demonstrable error.

  • Revolving Note The Revolving Loans made by each Lender shall, in addition to this Agreement, also be evidenced by a promissory note of the Borrower substantially in the form of Exhibit K (each a “Revolving Note”), payable to the order of such Lender in a principal amount equal to the amount of its Commitment as originally in effect and otherwise duly completed.

  • Revolving Credit Agreement The Agent shall have received this Agreement duly executed and delivered by each of the Banks and the Company and each of the Banks shall have received a fully executed Committed Note and a fully executed Bid Note, if such Notes are requested by any Bank pursuant to Section 12.9.

  • Revolving Credit Notes The Obligation of the Borrower to repay the aggregate unpaid principal amount of the Revolving Credit Loans made to it by each Bank, together with interest thereon, shall be evidenced by a Revolving Credit Note dated the Closing Date payable to the order of such Bank in a face amount equal to the Revolving Credit Commitment of such Bank.

  • Promissory Note The Promissory Note is enclosed. The Chief Financial Officer is required to sign it and return it to the OPWC Loan Officer, Xxxxx XxXxxx. It is preferable that you scan and email it to her at Xxxxx.XxXxxx@xxx.xxxxx.xx.xx but may also mail it to the address on our letterhead. Only use one method.

  • Term Note The Term Loan shall be evidenced by the Term Note. At the time of the disbursement of the Term Loan 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 demonstrable error, conclusive and binding evidence of (i) the principal amount of the Term Loan advanced hereunder, (ii) any accrued and unpaid interest owing on the Term Loan and (iii) all amounts repaid on the Term Loan. The failure to record any such amount or any error in recording such amounts shall not, however, limit or otherwise affect the joint and several obligations of the Borrowers under the Term Note to repay the principal amount of the Term Loan, together with all interest accruing thereon.

  • Revolving Credit Facility (i) Subject to the terms and conditions hereof, each Lender severally agrees to make available to Borrowers from time to time until the Commitment Termination Date its Pro Rata Share of advances (each, a “Revolving Credit Advance”). The Pro Rata Share of the Loans of any Lender shall not at any time exceed its separate Commitment. The obligations of each Lender hereunder shall be several and not joint. Until the Commitment Termination Date, Borrowers may borrow, repay and reborrow under this Section 2.1(a); provided, that (x) the amount of any Revolving Credit Advances to be made at any time shall not exceed Availability at such time, (y) the amount of any Revolving Credit Advances to be made to the U.S. Borrowers at any time shall not exceed the U.S. Availability at such time and (z) the amount of any Revolving Credit Advances to be made to the Canadian Borrowers at any time shall not exceed the Canadian Availability at such time. Each Revolving Credit Advance shall be made on notice by Borrower Representative to one of the representatives of Agent identified in Schedule (2.1) at the address specified therein. Any such notice must be given no later than (1) 12 noon (New York, New York time) on the date of the proposed Revolving Credit Advance, in the case of a Base Rate Loan, or (2) 12 noon (New York, New York time) on the date which is three (3) Business Days’ prior to the proposed Revolving Credit Advance, in the case of a LIBOR Loan. Each such notice (a “Notice of Revolving Credit Advance”) may be given verbally by telephone but must be immediately confirmed in writing (by fax, electronic mail or overnight courier) substantially in the form of Exhibit 2.1(a)(i), and shall include the information required in such Exhibit. If any Borrower desires to have the Revolving Credit Advances bear interest by reference to a LIBOR Rate, with respect to LIBOR Loans denominated in Dollars, and BA Rate, with respect to LIBOR Loans denominated in Canadian Dollars, Borrower Representative must comply with Section 2.5(e). All Revolving Credit Advances (x) made to a U.S. Borrower shall be denominated in Dollars and (y) made to a Canadian Borrower shall be denominated in Dollars or Canadian Dollars but shall be deemed to have been made (in the case of Canadian Dollar Revolving Credit Advances) in the Dollar Equivalent of such Revolving Credit Advance.

  • Repayment of Revolving Credit Loans The Borrower shall repay the Revolving Credit Loans together with all outstanding interest thereon on the Expiration Date.

  • Revolving Loan Notes The Revolving Loans made by the Lenders to a Borrower shall be evidenced, upon request by any Lender, by a promissory note of such Borrower payable to each Lender in substantially the form of Exhibit 2.7(a) hereto (the “Revolving Loan Notes”) and in a principal amount equal to the amount of such Lender’s Commitment Percentage of the Revolving Loan Commitment as originally in effect.

  • Revolver Notes The Revolver Loans made by each Lender and interest accruing thereon shall be evidenced by the records of Agent and such Lender. At the request of any Lender, Borrowers shall deliver a Revolver Note to such Lender.

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