Common use of Term Loan D Clause in Contracts

Term Loan D. (a) TERM LOAN D. Bank has made a loan to Borrower in the original principal amount of Five Hundred Thousand Dollars ($500,000.00) ("Term Loan D"), on which the outstanding principal balance as of the date hereof is Two Hundred Forty-five Thousand Seven Hundred Sixty-two and 60/100 Dollars ($245,762.60). Borrower's obligation to repay Term Loan D is evidenced by a promissory note substantially in the form of Exhibit E attached hereto ("Term Note D"), all terms of which are incorporated herein by this reference. Any reference in Term Note D to any prior loan agreement between Bank and Borrower shall be deemed a reference to this Agreement. Subject to the terms and conditions of this Agreement, Bank hereby confirms that Term Loan D remains in full force and effect.

Appears in 1 contract

Samples: Credit Agreement (Rotonics Manufacturing Inc/De)

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Term Loan D. (a) TERM LOAN D. Bank has made granted a loan term commitment to Borrower in the original principal amount of Five Hundred Thousand Dollars ($500,000.00) ), which has been fully disbursed ("Term Loan D"), and on which the outstanding principal balance as of the date hereof is Two Hundred Forty-five Thousand Seven Hundred Sixty-two and 60/100 Dollars ($245,762.60)383,324.00. Borrower's obligation to repay Term Loan D is evidenced by a promissory note substantially in the form of Exhibit E F attached hereto ("Term Note DD Note"), all terms of which are incorporated herein by this reference. Any reference in Term Note D to any prior loan agreement between Bank and Borrower shall be deemed a reference to this Agreement. Subject to the terms and conditions of this Agreement, Bank hereby confirms that Term Loan D remains in full force and effect. Any reference in the Term D Note to any prior loan agreement between Bank and Borrower shall be deemed a reference to this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Rotonics Manufacturing Inc/De)

Term Loan D. (a) TERM LOAN Term Loan D. Bank has made a loan to Borrower in the original principal amount of One Million Three Hundred Seventy- two Thousand Five Hundred Thousand Dollars ($500,000.001,372,500.00) ("Term Loan D"), on which the outstanding principal balance as of the date hereof is Two Hundred Forty-five Thousand Seven Hundred Sixty-two and 60/100 Dollars ($245,762.60)1,278,640.58. Borrower's obligation to repay Term Loan D is evidenced by a promissory note substantially in the form of Exhibit E attached hereto ("Term Note D"), all terms of which are incorporated herein by this reference. Any reference references in Term Note D to any prior loan agreement between Bank and Borrower shall be deemed a reference to this Agreement. Subject to the terms and conditions of this Agreement, Bank hereby confirms that Term Loan D remains in full force and effect.

Appears in 1 contract

Samples: Credit Agreement (Elmers Restaurants Inc)

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Term Loan D. (a) TERM LOAN D. Bank has made a loan to Borrower in the original principal amount of Five Hundred Thousand Dollars ($500,000.00) ("Term Loan D"), on which the outstanding principal balance as of the date hereof is Two Hundred Forty-five Thousand Seven Hundred Sixty-two and 60/100 Dollars ($245,762.60)291,650.00. Borrower's obligation to repay Term Loan D is evidenced by a promissory note substantially in the form of Exhibit E attached hereto ("Term Note D"), all terms of which are incorporated herein by this reference. Any reference in Term Note D to any prior loan agreement between Bank and Borrower shall be deemed a reference to this Agreement. Subject to the terms and conditions of this Agreement, Bank hereby confirms that Term Loan D remains in full force and effect.

Appears in 1 contract

Samples: Credit Agreement (Rotonics Manufacturing Inc/De)

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