Common use of Second Term Note Clause in Contracts

Second Term Note. The obligations of the Borrowers to repay the aggregate outstanding principal under the First Term Loan and to pay accrued interest thereon shall be evidenced by a promissory note, in form and substance satisfactory to the Bank, to be executed and delivered to the Bank concurrently with the execution and delivery of this Agreement (the "Second Term Note").

Appears in 2 contracts

Sources: Loan Agreement (Nutrition Management Services Co/Pa), Loan Agreement (Nutrition Management Services Co/Pa)