Common use of Term Note Clause in Contracts

Term Note. The Term Loan shall be evidenced by the Term Note. At the time of the disbursement of the Term Loan or a repayment made in whole or in part thereon, a notation thereof shall be made on the books and records of the Bank. All amounts recorded shall be, absent demonstrable error, conclusive and binding evidence of (i) the principal amount of the Term Loan advanced hereunder, (ii) any accrued and unpaid interest owing on the Term Loan and (iii) all amounts repaid on the Term Loan. The failure to record any such amount or any error in recording such amounts shall not, however, limit or otherwise affect the joint and several obligations of the Borrowers under the Term Note to repay the principal amount of the Term Loan, together with all interest accruing thereon.

Appears in 3 contracts

Samples: Loan and Security Agreement (Intricon Corp), Loan and Security Agreement (Intricon Corp), Loan and Security Agreement (Intricon Corp)

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Term Note. The Term Loan shall be evidenced by the Term Note. At the time of the disbursement of the Term Loan or a repayment made in whole or in part thereon, the Lender shall make a notation thereof shall be made on the books and records of the BankLender. All amounts recorded shall be, absent demonstrable error, conclusive and binding evidence of (i) the principal amount of the Term Loan advanced hereunder, (ii) any accrued and unpaid interest owing on the Term Loan and (iii) all amounts repaid on the Term Loan. The failure to record any such amount or any error in recording such amounts shall not, however, limit or otherwise affect the joint and several obligations of the Borrowers Borrower under the Term Note to repay the principal amount of the Term Loan, together with all interest accruing thereon.

Appears in 2 contracts

Samples: Loan and Security Agreement (Amtech Systems Inc), Loan and Security Agreement (Amtech Systems Inc)

Term Note. The Term Loan shall be evidenced by the Term Note. At the time of the disbursement of the Term Loan or a repayment made in whole or in part thereon, a notation thereof shall be made on the books and records of the Bank. All amounts recorded shall be, absent demonstrable error, conclusive and binding evidence of (i) the principal amount of the Term Loan advanced hereunder, (ii) any accrued and unpaid interest owing on the Term Loan and (iii) all amounts repaid on the Term Loan. The failure to record any such amount or any error in recording such amounts shall not, however, limit or otherwise affect the joint and several obligations of the Borrowers Borrower under the Term Note to repay the principal amount of the Term Loan, together with all interest accruing thereon.

Appears in 2 contracts

Samples: Loan and Security Agreement (Global Energy, Inc.), Loan and Security Agreement (Birner Dental Management Services Inc)

Term Note. The Term Loan shall be evidenced by the Term Note. At the time of the initial disbursement of the Term Loan or a repayment made in whole or in part thereon, a notation thereof shall be made on the books and records of the BankLender. All amounts recorded shall be, absent demonstrable error, conclusive and binding evidence of (i) the principal amount of the Term Loan advanced hereunder, (ii) any accrued and unpaid interest owing on the Term Loan and (iii) all amounts repaid on the Term Loan. The failure to record any such amount or any error in recording such amounts shall not, however, limit or otherwise affect the joint and several obligations of the Borrowers Borrower under the Term Note to repay the principal amount of the Term Loan, together with all interest accruing thereon.

Appears in 1 contract

Samples: Loan and Security Agreement (Ari Network Services Inc /Wi)

Term Note. The Term Loan shall be evidenced by the Term Note. At the time of the initial disbursement of the Term Loan or a repayment made in whole or in part thereon, a notation thereof shall be made on the books and records of the Bank. All amounts recorded shall be, absent demonstrable error, conclusive and binding evidence of (i) the principal amount of the Term Loan advanced hereunder, (ii) any accrued and unpaid interest owing on the Term Loan and (iii) all amounts repaid on the Term Loan. The failure to record any such amount or any error in recording such amounts shall not, however, limit or otherwise affect the joint and several obligations of the Borrowers Borrower under the Term Note to repay the principal amount of the Term Loan, together with all interest accruing thereon.

Appears in 1 contract

Samples: Loan and Security Agreement (Cti Industries Corp)

Term Note. The Term Loan shall be evidenced by the Term Note. At the time of the disbursement of the Term Loan or a repayment made in whole or in part thereon, a notation thereof shall be made on the books and records of the Bank. All amounts recorded shall be, absent demonstrable error, conclusive and binding evidence of (iA) the principal amount of the Term Loan advanced hereunder, (iiB) any accrued and unpaid interest owing on the Term Loan and (iiiC) all amounts repaid on the Term Loan. The failure to record any such amount or any error in recording such amounts shall not, however, limit or otherwise affect the joint and several obligations of the Borrowers Borrower under the Term Note to repay the principal amount of the Term Loan, together with all interest accruing thereon.

Appears in 1 contract

Samples: Loan and Security Agreement (Ebix Inc)

Term Note. The Term Loan shall be evidenced by the Term Note. At the time of the disbursement of the Term Loan Loan, or a repayment made in whole or in part thereon, a notation thereof shall be made on the books and records of the Bank. All amounts recorded shall be, absent demonstrable error, conclusive and binding evidence of (i) the principal amount of the Term Loan advanced hereunder, (ii) any accrued and unpaid interest owing on the Term Loan and (iii) all amounts repaid on the Term Loan. The failure to record any such amount or any error in recording such amounts shall not, however, limit or otherwise affect the joint and several obligations of the Borrowers Borrower under the Term Note to repay the principal amount of the Term Loan, together with all interest accruing thereon.

Appears in 1 contract

Samples: Loan and Security Agreement (Boyd Bros Transportation Inc)

Term Note. The Term Loan shall be evidenced by the Term Note. At the time of the initial disbursement of the Term Loan, at each time any additional disbursement is made under the Term Loan or a repayment made in whole or in part thereon, a notation thereof shall be made on the books and records of the BankLender. All amounts recorded shall be, absent demonstrable error, conclusive and binding evidence of (i) the principal amount of the Term Loan advanced hereunder, (ii) any accrued and unpaid interest owing on the Term Loan and (iii) all amounts repaid on the Term Loan. The failure to record any such amount or any error in recording such amounts shall not, however, limit or otherwise affect the joint and several obligations of the Borrowers under the Term Note to repay the principal amount of the Term Loan, together with all interest accruing thereon.

Appears in 1 contract

Samples: Loan and Security Agreement (LTN Staffing, LLC)

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Term Note. The Term Loan shall be is evidenced by the Term Note, a copy of which is attached as Exhibit B hereto. At the time of the disbursement of each repayment under the Term Loan or a repayment made in whole or in part thereonLoan, a an appropriate notation thereof shall be made on the books and records of the Bank. All amounts recorded shall be, absent demonstrable error, conclusive and binding evidence of (i) the principal amount of the Term Loan advanced hereunder, (ii) any accrued and unpaid interest owing on the Term Loan and (iii) all amounts repaid on the Term Loan. The failure to record any such amount or any error in recording such amounts shall not, however, limit or otherwise affect the joint and several obligations of the Borrowers Borrower under the Term Note to repay the principal amount of the Term Loan, together with all interest accruing thereon.

Appears in 1 contract

Samples: Security Agreement (CFC International Inc)

Term Note. The Term Loan shall be evidenced by the Term Note. At the time of the disbursement of the Term Loan or a repayment made in whole or in part thereon, a notation thereof shall be made on the books and records of the BankLender. All amounts recorded shall be, absent demonstrable error, conclusive and binding evidence of (i) the principal amount of the Term Loan advanced hereunder, (ii) any accrued and unpaid interest owing on the Term Loan Loan, and (iii) all amounts repaid on the Term Loan. The failure to record any such amount or any error in recording such amounts shall not, however, limit or otherwise affect the joint and several obligations of the Borrowers under the Term Loan Note to repay the principal amount of the Term Loan, together with all interest accruing thereon.

Appears in 1 contract

Samples: Loan and Security Agreement

Term Note. The Term Loan shall be evidenced by the Term Note. At the time of the initial disbursement of the Term Loan, at each time any additional disbursement is made under the Term Loan or a repayment made in whole or in part thereon, a notation thereof shall be made on the books and records of the Bank. All amounts recorded shall be, absent demonstrable error, conclusive and binding evidence of (i) the principal amount of the Term Loan advanced hereunder, (ii) any accrued and unpaid interest owing on the Term Loan and (iii) all amounts repaid on the Term Loan. The failure to record any such amount or any error in recording such amounts shall not, however, limit or otherwise affect the joint and several obligations of the Borrowers Borrower under the Term Note to repay the principal amount of the Term Loan, together with all interest accruing thereon.

Appears in 1 contract

Samples: Loan and Security Agreement (Argyle Security, Inc.)

Term Note. The Term Loan shall be evidenced by the Term Note. At the time of the disbursement of the Term Loan or a repayment made in whole or in part thereon, a notation thereof shall be made on the books and records of the Bank. All amounts recorded shall be, absent demonstrable error, conclusive and binding evidence of (i) the principal amount of the Term Loan advanced hereunder, (ii) any accrued and unpaid interest owing on the Term Loan and (iii) all amounts repaid on the Term Loan. The failure to record any such amount or any error in recording such amounts shall not, however, limit or otherwise affect the joint and several obligations of the Borrowers under the Term Note to repay the principal amount of the Term Loan, together with all interest accruing thereon.

Appears in 1 contract

Samples: Loan and Security Agreement (Lifeway Foods Inc)

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