Common use of Swing Note Clause in Contracts

Swing Note. The obligation of the Borrower to repay the aggregate unpaid principal amount of the Swing Loans made to it by PNC Bank, together with interest thereon, shall be evidenced by a Swing Note dated the Closing Date payable to the order of PNC Bank in a face amount equal to the Swing Loan Commitment.

Appears in 5 contracts

Sources: Revolving Credit Facility (Papa Johns International Inc), Credit Agreement (Papa Johns International Inc), Credit Agreement (Papa Johns International Inc)

Swing Note. The obligation of the Borrower to repay the aggregate unpaid principal amount of the Swing Loans made to it by PNC Bank, together with interest thereon, thereon shall be evidenced by a Swing Note demand promissory note of the Borrower dated the Closing Date in the form of EXHIBIT G payable to the order of PNC Bank in a face amount equal to the Swing Loan Commitment.

Appears in 2 contracts

Sources: Credit Agreement (Federated Investors Inc /Pa/), Senior Secured Credit Agreement (Federated Investors Inc /Pa/)

Swing Note. The obligation of the Borrower to repay the aggregate unpaid principal amount of the Swing Loans made to it by PNC Bank, together with interest thereon, thereon shall be evidenced by a Swing Note demand promissory note of the Borrower dated the Closing Date in the form of Exhibit 1.1(S) payable to the order of PNC Bank in a face amount equal to the Swing Loan Commitment.

Appears in 1 contract

Sources: Credit Agreement (Federated Investors Inc /Pa/)

Swing Note. The obligation of the Borrower to repay the aggregate ---------- unpaid principal amount of the Swing Loans made to it by PNC Bank, together with interest thereon, thereon shall be evidenced by a Swing Note demand promissory note of the Borrower dated the Closing Date in the form of Exhibit G payable to the order of PNC Bank in a face amount equal to the --------- Swing Loan Commitment.

Appears in 1 contract

Sources: Senior Secured Credit Agreement (Federated Investors Inc /Pa/)