Common use of Term Note Clause in Contracts

Term Note. The Term Loan made by the Lender shall be evidenced by a promissory note of the Company, substantially in the form of Exhibit B, with appropriate insertions (the "Term Note") payable to the order of the Lender and representing the obligation of the Company to pay the unpaid principal amount of the Term Loan of the Lender with interest thereon as prescribed in Section 3.01. The Lender is authorized to record the Type and the date and amount of each payment or prepayment of principal thereof in the Lender's records or on the grid schedule annexed to the Term Note; provided, however, that the failure of the Lender to set forth each payment and other information shall not in any manner affect the obligation of the Company to repay the Term Loan in accordance with the terms of the Term Note and this Agreement. The Term Note, the grid schedule and the books and records of the Lender shall constitute presumptive evidence of the information so recorded absent manifest error. The Term Note shall (a) be dated the Closing Date, (b) be stated to mature on the Term Loan Maturity Date and (c) be payable as to principal in sixty consecutive monthly installments of $66,667 commencing July 31, 1999; provided that the final installment on the Term Loan Maturity Date shall be in an amount equal to the remaining principal amount outstanding on the Term Loan Maturity Date. Repayments and prepayments of the Term Loan may not be reborrowed. The Term Note shall bear interest from the date thereof until paid in full on the unpaid principal amount thereof from time to time outstanding at the applicable interest rate per annum determined as provided in, and payable as specified in, Section 3.01.

Term Note. The Term Loan made by the Lender shall be evidenced by a promissory note of the Company, substantially in the form of Exhibit B, with appropriate insertions B (the "Term Note") payable to the order of the Lender and representing the obligation of the Company to pay the unpaid principal amount of the Term Loan of the Lender with interest thereon as prescribed provided in Section 3.01. The Lender is authorized to record the Type of the Term Loan and the date and amount of each payment or prepayment of principal thereof in the Lender's records or on the grid schedule annexed to the Term Note; provided, however, that the failure of the Lender to set forth each payment and other information shall not in any manner affect the obligation of the Company to repay the Term Loan in accordance with the terms of the Term Note and this Agreement. The Term Note, the grid schedule and the books and records of the Lender shall constitute presumptive conclusive evidence of the information so recorded absent manifest error. The Term Note shall (a) be dated the Closing Term Loan Funding Date, (b) be stated to mature on the Term Loan Maturity Date and (c) be payable as to principal in sixty twelve (12) consecutive monthly quarterly installments commencing on September 30, 2008 and continuing on the last day of each December, March, June and September thereafter with the first eleven (11) quarterly installments to be in an amount equal to $66,667 commencing July 31, 1999; provided that 168,750 and the final last installment on the Term Loan Maturity Date shall to be in an amount equal to the remaining unpaid principal amount outstanding on the Term Loan Maturity Date. Repayments and prepayments of the Term Loan may not be reborrowedthen outstanding. The Term Note shall bear interest from the date thereof until paid in full on the unpaid principal amount thereof from time to time outstanding at the applicable interest rate per annum determined as provided in, and payable as specified in, Section 3.01.

Term Note. The Term Loan made by the Lender shall be evidenced by a promissory note of the Company, substantially in the form of Exhibit B, with appropriate insertions (the "Term Note") payable to the order of the Lender and representing the obligation of the Company to pay the unpaid principal amount of the Term Loan of the Lender with interest thereon as prescribed in Section 3.01. The Lender is authorized to record the Type and the date and amount of each payment or prepayment of principal thereof in the Lender's records or on the grid schedule annexed to the Term Note; provided, however, that the failure of the Lender to set forth each payment and other information shall not in any manner affect the obligation of the Company to repay the Term Loan in accordance with the terms of the Term Note and this Agreement. The Term Note, the grid schedule and the books and records of the Lender shall constitute presumptive conclusive evidence of the information so recorded absent manifest error. The Term Note shall (a) be dated the Closing Date, (b) be stated to mature on the Term Loan Maturity Date and (c) be payable as to principal in sixty (60) consecutive monthly principal installments of $66,667 25,000 each, commencing July 31June 1, 1999; 2002, and on the first day of each month thereafter, provided that the final installment on the Term Loan Maturity Date shall be in an amount equal to the remaining principal amount then outstanding on the Term Loan Maturity Date. Repayments and prepayments of the Term Loan may not be reborrowed. The Term Note shall bear interest from the date thereof until paid in full on the unpaid principal amount thereof from time to time outstanding at the applicable interest rate per annum determined as provided in, and payable as specified in, Section 3.01.

Term Note. The Term Loan made by the Lender shall be evidenced by a promissory note of the CompanyCompanies, substantially in the form of Exhibit B, with appropriate insertions B (the "Term Note") payable to the order of the Lender and representing the obligation of the Company Companies to pay the unpaid principal amount of the Term Loan of the Lender with interest thereon as prescribed in Section 3.01. The Lender is authorized to record the Type and Term Loan, the date and amount of each payment or prepayment of principal thereof in the Lender's records or on the grid schedule annexed to the Term Note; provided, however, that the failure of the Lender to set forth each payment and other information shall not in any manner affect the obligation of the Company Companies to repay the Term Loan in accordance with the terms of the Term Note and this Agreement. The Term Note, the grid schedule and the books and records of the Lender shall constitute presumptive conclusive evidence of the information so recorded absent manifest error. The Term Note shall (a) be dated the Closing Date, (b) be stated to mature on the Term Loan Maturity Date and (c) be payable as to principal in sixty twelve consecutive monthly equal quarterly installments commencing on June 30, 2001 and on the last day of $66,667 commencing July 31each September, 1999; December, March and June thereafter provided that the final last installment on the Term Loan Maturity Date shall be in an the amount equal to the remaining principal amount outstanding on the Term Loan Maturity Date. Repayments and prepayments of the Term Loan may not be reborrowedoutstanding. The Term Note shall bear interest from the date thereof until paid in full on the unpaid principal amount thereof from time to time outstanding at the applicable interest rate per annum determined as provided in, and payable as specified in, Section 3.01.

Term Note. The Term Loan made by the Lender shall be evidenced by a promissory note of the Company, substantially in the form of Exhibit B, with appropriate insertions (the "Term NoteTERM NOTE") payable to the order of the Lender and representing the obligation of the Company to pay the unpaid principal amount of the Term Loan of the Lender with interest thereon as prescribed in Section 3.01. The Lender is authorized to record the Type and the date and amount of each payment or prepayment of principal thereof in the Lender's records or on the grid schedule annexed to the Term Note; providedPROVIDED, howeverHOWEVER, that the failure of the Lender to set forth each payment and other information shall not in any manner affect the obligation of the Company to repay the Term Loan in accordance with the terms of the Term Note and this Agreement. The Term Note, the grid schedule and the books and records of the Lender shall constitute presumptive evidence of the information so recorded absent manifest error. The Term Note shall (a) be dated the Closing Date, (b) be stated to mature on the Term Loan Maturity Date and (c) be payable as to principal in sixty sixteen consecutive monthly quarterly installments of $66,667 1,125,000 commencing July 31June 30, 19992000; provided that the final installment on the Term Loan Maturity Date shall be in an amount equal to the remaining principal amount outstanding on the Term Loan Maturity Date. Repayments and prepayments of the Term Loan may not be reborrowed. The Term Note shall bear interest from the date thereof until paid in full on the unpaid principal amount thereof from time to time outstanding at the applicable interest rate per annum determined as provided in, and payable as specified in, Section 3.01.