Subordinated Term Loan Note. The obligation of the Borrower to repay the unpaid principal amount of the Loan, and to pay interest thereon, shall be evidenced, by a Subordinated Term Loan Note of even date herewith (such Subordinated Term Loan Note, and any extension, refinancing or renewal of the same, is referred to herein as the “Note”). The unpaid principal balance of the Note, the interest, if any, accrued thereon, the interest rate applicable to such balance, and the term of the Loan shall be determined from the terms of the Note and the records of the Bank in the absence of manifest error.
Appears in 2 contracts
Samples: Loan Agreement (Embassy Bancorp, Inc.), Loan Agreement (Embassy Bancorp, Inc.)
Subordinated Term Loan Note. The obligation of the Borrower to repay the unpaid principal amount of the Loan, and to pay interest thereon, and pay unused commitment fees, shall be evidenced, by a Subordinated Term Loan Note of even date herewith (such Subordinated Term Loan Note, and any extension, refinancing or renewal of the same, is referred to herein as the “Note”). The unpaid principal balance of the Note, the interestinterest and fees, if any, accrued thereon, the interest rate applicable to such balance, and the term of the Loan shall be determined from the terms of the Note and the records of the Bank in the absence of manifest error.
Appears in 2 contracts
Samples: Loan Agreement (Embassy Bancorp, Inc.), Loan Agreement (Embassy Bancorp, Inc.)