Common use of The Bank Note Clause in Contracts

The Bank Note. All Unreimbursed Amounts and Bank Loans shall be made against and evidenced by a promissory note (the “Bank Note”) issued by the City pursuant to the terms hereof to the Bank. The Bank Note shall be payable to the order of the Bank in an amount equal to the aggregate amount of all Unreimbursed Amounts and Bank Loans outstanding from time to time. The Bank Note shall be executed and delivered to the Bank on the Closing Date substantially in the form of Exhibit B attached hereto, with appropriate insertions. All Unreimbursed Amounts and Bank Loans and all payments and prepayments on account of the principal of and interest thereon shall be recorded by the Bank on its books and records, which books and records shall, absent manifest error, be conclusive as to amounts payable by the City hereunder and under the Bank Note. The Bank may, but shall not be required to, complete the schedule attached to the Bank Note to reflect the status of Unreimbursed Amounts and Bank Loans thereunder; provided, that the failure to make, or any error in making, any such endorsement on such schedule shall not limit, extinguish or in any way modify the obligation of the City to repay the Unreimbursed Amounts and Bank Loans. The City shall pay principal and interest on the Bank Note on the dates and at the rates provided for in Sections 2.10 and 2.11 hereof with respect to Unreimbursed Amounts and Bank Loans.

The Bank Note. All Unreimbursed Amounts and Bank Loans shall be made against and evidenced by a promissory note (the “Bank Note”) issued by the City Authority pursuant to the terms hereof of the Issuing and Paying Agency Agreement to the Bank. The Bank Note shall be payable to the order of the Bank in an amount equal to the aggregate amount of all Unreimbursed Amounts and Bank Loans outstanding from time to time. The Such Bank Note shall be executed and delivered to the Bank on the Closing Date substantially in the form of Exhibit B attached hereto, with appropriate insertions. All Unreimbursed Amounts and Bank Loans and all payments and prepayments on account of the principal of and interest thereon shall be recorded by the Bank on its books and records, which books and records shall, absent manifest error, be conclusive as to amounts payable by the City Authority hereunder and under the Bank Note. The Bank may, but shall not be required to, complete the schedule attached to the Bank Note to reflect the status of Unreimbursed Amounts and Bank Loans thereunder; provided, that the failure to make, or any error in making, any such endorsement on such schedule shall not limit, extinguish or in any way modify the obligation of the City Authority to repay the Unreimbursed Amounts and Bank Loans. The City Authority shall pay principal and interest on the Bank Note on the dates and at the rates provided for in Sections 2.10 2.7 and 2.11 2.8 hereof with respect to Unreimbursed Amounts and Bank Loans.

The Bank Note. All Unreimbursed Amounts and Bank Loans shall be made against and evidenced by a promissory note (the “Bank Note”) issued by the City Authority pursuant to the terms hereof of the Issuing and Paying Agency Agreement to the Bank. The Bank Note shall be payable to the order of the Bank in an amount equal to the aggregate amount of all Unreimbursed Amounts and Bank Loans outstanding from time to time. The Such Bank Note shall be executed and delivered to the Bank on the Closing Date substantially in the form of Exhibit B attached hereto, with appropriate insertions. All Unreimbursed Amounts and Bank Loans and all payments and prepayments on account of the principal of and interest thereon shall be recorded by the Bank on its books and records, which books and records shall, absent manifest error, be conclusive as to amounts payable by the City Authority hereunder and under the Bank Note. The Bank may, but shall not be required to, complete the schedule attached to the Bank Note to reflect the status of Unreimbursed Amounts and Bank Loans thereunder; provided, that the failure to make, or any error in making, any such endorsement on such schedule shall not limit, extinguish or in any way modify the obligation of the City Authority to repay the Unreimbursed Amounts and Bank Loans. The City Authority shall pay principal and interest on the Bank Note on the dates and at the rates provided for in Sections 2.9 and 2.10 and 2.11 hereof with respect to Unreimbursed Amounts and Bank Loans.