Term A Note Sample Clauses
The 'Term A Note' clause defines the terms and conditions governing a specific promissory note, typically referred to as 'Term A.' This clause outlines the principal amount, interest rate, repayment schedule, and any applicable covenants or events of default associated with the note. For example, it may specify that the borrower must make monthly payments over a set period and detail what happens if a payment is missed. The core function of this clause is to clearly establish the borrower's obligations and the lender's rights regarding the Term A Note, thereby reducing ambiguity and potential disputes over repayment terms.
Term A Note. All references in the Loan Agreement to the form of the Term A Note in the form of Exhibit “1” to the Loan Agreement shall be deemed to be references to the form of the Term A Note in the form of Exhibit “A-1” attached hereto and made a part hereof.
Term A Note. The outstanding principal balance of the Term A Note shall be due and payable as follows:
Term A Note. [Date] $ Illinois KELLWOOD COMPANY, a Delaware corporation (“Borrower Representative”), each of the other Borrowers signatory hereto (collectively with Borrower Representative, the “Borrowers”), for value received, hereby unconditionally promise to pay, on a joint and several basis, to the order of (“Lender”), the principal sum of DOLLARS ($ ), together with all accrued and unpaid interest thereon. Terms are used herein as defined in the Amended and Restated Term A Loan Agreement dated as of October 19, 2011, among Borrowers, the other Obligors party thereto, Sun Kellwood Finance, LLC, as collateral agent, each Lender party thereto, as such agreement may be amended, modified, renewed or extended from time to time (“Loan Agreement”). Principal of and interest on this Note from time to time outstanding shall be due and payable as provided in the Loan Agreement. This Note is issued pursuant to and evidences certain Term A Loans under the Loan Agreement, to which reference is made for a statement of the rights and obligations of Lender and the duties and obligations of Borrowers. The Loan Agreement contains provisions for acceleration of the maturity of this Note upon the happening of certain stated events, and for the borrowing and prepayment of amounts upon specified terms and conditions. Time is of the essence of this Note. Each Borrower and all endorsers, sureties and guarantors of this Note hereby severally waive demand, presentment for payment, protest, notice of protest, notice of intention to accelerate the maturity of this Note, diligence in collecting, the bringing of any suit against any party, and any notice of or defense on account of any extensions, renewals, partial payments, or changes in any manner of or in this Note or in any of its terms, provisions and covenants, or any releases or substitutions of any security, or any delay, indulgence or other act of any trustee or any holder hereof, whether before or after maturity. Borrowers jointly and severally agree to pay, and to save the holder of this Note harmless against, any liability for the payment of all costs and expenses (including without limitation reasonable attorneys’ fees) if this Note is collected by or through an attorney-at-law. In no contingency or event whatsoever shall the amount paid or agreed to be paid to the holder of this Note for the use, forbearance or detention of money advanced hereunder exceed the highest lawful rate permitted under Applicable Law. If any such excess a...
Term A Note. The obligation of Borrowers to repay the Term A Loan shall be evidenced by a promissory note in form and substance acceptable to Bank (as the same may hereafter be amended, extended, renewed, replaced and/or restated from time to time and at any time, the “Term A Note”).
Term A Note. The mandatory prepayments provided for in this SECTION 4 shall be paid at 100.0% (I.E., without premium) of the principal amount required to be prepaid, and shall be accompanied by the payment of any accrued and unpaid interest on, and other amounts owing under, this Note through the date of prepayment, all as provided for above.