Swing Line Notes. Each Borrower shall execute and deliver to the Swing Line Lender a promissory note to evidence the Swing Line Commitment. Each note shall be in the principal amount of the Swing Line Commitment of the Swing Line Lender, dated the Closing Date and substantially in the form of Exhibit 1.1(b)(ii) (each a "Swing Line Note" and, collectively, the "Swing Line Notes"). Each Swing Line Note shall represent the joint and several obligation of each Borrower to pay the amount of the Swing Line Commitment or, if less, the aggregate unpaid principal amount of all Swing Line Advances made to such Borrower together with interest thereon as prescribed in Section 1.5. The entire unpaid balance of the Swing Line Loan and all other non-contingent Obligations shall be immediately due and payable in full on the Commitment Termination Date if not sooner paid in full.
Appears in 1 contract
Sources: Credit Agreement (Hockey Co)
Swing Line Notes. Each Borrower shall execute and deliver to the Swing Line Lender a promissory note to evidence the Swing Line Commitment. Each note shall be (A) in the principal amount of the Swing Line Commitment of the Swing Line LenderCommitment, (B) dated the Closing Date Date, and (C) substantially in the form of Exhibit 1.1(b)(ii) (each a "Swing Line Note" and, collectively, and collectively the "Swing Line Notes"). Each Swing Line Note shall represent the joint and several obligation of each the applicable Borrower to pay the amount of the Swing Line Commitment or, if less, the aggregate unpaid principal amount of all Swing Line Advances made to such Borrower together with interest thereon as prescribed in Section 1.5. The entire unpaid balance of the Swing Line Loan and all other non-contingent noncontingent Obligations shall be immediately due and payable in full in immediately available funds on the Commitment Termination Date if not sooner paid in full.
Appears in 1 contract
Sources: Credit Agreement (Itron Inc /Wa/)
Swing Line Notes. Each Borrower shall execute and deliver to the Swing Line Lender a promissory note to evidence the Swing Line Commitment. Each note shall be (A) in the principal amount of the Swing Line Commitment of the Swing Line LenderCommitment, (B) dated the Closing Date Date, and (C) substantially in the form of Exhibit EXHIBIT 1.1(b)(ii) (each a "Swing Line NoteSWING LINE NOTE" and, collectively, and collectively the "Swing Line NotesSWING LINE NOTES"). Each Swing Line Note shall represent the joint and several obligation of each the applicable Borrower to pay the amount of the Swing Line Commitment or, if less, the aggregate unpaid principal amount of all Swing Line Advances made to such Borrower together with interest thereon as prescribed in Section SECTION 1.5. The entire unpaid balance of the Swing Line Loan and all other non-contingent noncontingent Obligations shall be immediately due and payable in full in immediately available funds on the Commitment Termination Date if not sooner paid in full.
Appears in 1 contract
Sources: Credit Agreement (Track N Trail Inc)