The Loan Notes Sample Clauses

The Loan Notes. (a) The definition of “Loan” as set forth in Schedule 1.2 of the Loan Agreement is hereby deleted in its entirety and is replaced with the following:
Sample 1Sample 2
AutoNDA by SimpleDocs
The Loan Notes. There shall have been executed by the Trust and delivered to the Agent for the account of each Bank which has requested Loan Notes pursuant to Section 3.06(e), the appropriate Revolving Loan Note, Swingline Loan Note and Refunding Loan Note dated the date hereof payable to the order of such Bank in the amount and as otherwise provided for in Article III.
Sample 1
The Loan Notes. (a) The Company's obligation to pay the principal of and interest on each Revolving Loan made by each Liquidity Lender shall be evidenced by a single note of the Company with respect to each such Liquidity Lender (each, a "Revolving Loan Note" and collectively, the "Revolving Loan Notes") which shall: (1) be dated the Effective Date; (2) collectively be in an aggregate principal amount equal to the Liquidity Commitment and individually be in the stated principal amount equal to such Liquidity Lender's Percentage of the Liquidity Commitment; (3) mature on the Liquidity Termination Date; (4) bear interest as provided in Section 3.06; (5) be payable to the order of such Liquidity Lender; (6) be entitled to the benefits of this Agreement and the Security Agreement; and (7) be substantially in the form of Exhibit A-1 to this Agreement with blanks appropriately completed in conformity herewith. Each Liquidity Lender shall, and is hereby authorized to, make a notation on the schedule attached to its Revolving Loan Note of the date and the amount of such Revolving Loan and the date and amount of the payment of principal thereon and, prior to any transfer of its Revolving Loan Note, such Liquidity Lender shall endorse the outstanding principal amount of such Revolving Loan Note on the schedule attached thereto; provided, however, that failure to make such notation shall not adversely affect such Liquidity Lender's rights with respect to any Revolving Loan.
Sample 1
The Loan Notes. The Loans shall be evidenced by notes issued by the Borrower to the Lender substantially in the form of Exhibit 2 hereto (the “Loan Notes”). A Loan Note shall be issued by the Borrower to the Lender on the date of the advance by the Lender of a Loan pursuant hereto.
Sample 1
The Loan Notes. The Revolving Loans and Refunding Loans made by each Bank shall be evidenced by a Revolving Loan Note and a Refunding Loan Note, duly executed on behalf of the CP Issuer, in substantially the form attached hereto as Exhibits A and B, respectively, with the blanks appropriately filled, payable to the order of such Bank and each of which shall: (i) be dated the Initial Closing Date; (ii) collectively be in an aggregate principal amount equal to the Liquidity Commitment and individually be in a principal amount equal to such Bank's Percentage of the Liquidity Commitment; subject, however, to the provisions of such Loan Note to the effect that the principal amount payable thereunder at any time shall not exceed the then unpaid principal amount of all Loans and Non-Rata Loans made by such Bank; (iii) be stated to mature on the Expiration Date; (iv) bear interest as provided in Section 3.06; (v) be payable to the order of such Bank; and (vi) be entitled to the benefits of this Agreement and the Security Agreement. The Notes, amended or supplemented as may be necessary to reflect the terms thereof, shall also evidence all Non-Rata Loans made by such Bank. Each Bank shall, and is hereby authorized to, endorse on the schedule attached to each Loan Note (or on a continuation of such schedule attached to such Loan Note and made a part thereof or otherwise to record in such Bank's internal records), an appropriate notation evidencing the date and the amount of each Loan from such Bank and the date of each payment or prepayment of principal thereon (which notations shall be conclusive in the absence of manifest error) and, prior to any transfer of its Loan Note, such Bank shall endorse the outstanding principal amount of its Loans on the applicable Loan Note on the schedule attached thereto; provided, however, that the failure of any Bank to make such notation or any failure therein shall not affect the obligation of the CP Issuer to repay the Loans made by such Bank in accordance with the terms of this Agreement and the applicable Loan Notes or otherwise adversely affect such Bank's rights with respect to any Loan.
Sample 1

Related to The Loan Notes

  • Term Loan Notes If so requested by any Lender by written notice to Company (with a copy to Administrative Agent) at least two Business Days prior to the Closing Date, or at any time thereafter, Company shall execute and deliver to such Lender (and/or, if applicable and if so specified in such notice, to any Person who is an assignee of such Lender pursuant to SECTION 10.6) on the Closing Date (or, if such notice is delivered after the Closing Date, promptly after Company's receipt of such notice) a Term Loan Note or Notes to evidence such Lender's Term Loan.

  • Revolving Loan Notes The Revolving Loans made by the Lenders to a Borrower shall be evidenced, upon request by any Lender, by a promissory note of such Borrower payable to each Lender in substantially the form of Exhibit 2.7(a) hereto (the “Revolving Loan Notes”) and in a principal amount equal to the amount of such Lender’s Commitment Percentage of the Revolving Loan Commitment as originally in effect.

  • Revolving Notes The Revolving Loans made by each Lender shall be evidenced by a duly executed promissory note of the Borrower to such Lender in an original principal amount equal to such Lender's Revolving Commitment Percentage of the Revolving Committed Amount and in substantially the form of Exhibit 2.1(e).

  • Revolving Credit Notes The Obligation of the Borrower to repay the aggregate unpaid principal amount of the Revolving Credit Loans made to it by each Bank, together with interest thereon, shall be evidenced by a Revolving Credit Note dated the Closing Date payable to the order of such Bank in a face amount equal to the Revolving Credit Commitment of such Bank.

  • Term Notes The Term Loan made by each Lender and interest accruing thereon shall be evidenced by the records of Agent and such Lender. At the request of any Lender, Borrowers shall deliver a Term Note to such Lender.

  • Revolver Notes The Revolver Loans made by each Lender and interest accruing thereon shall be evidenced by the records of Agent and such Lender. At the request of any Lender, Borrowers shall deliver a Revolver Note to such Lender.

  • Term Loan Advances Subject to Section 2.3(b), the principal amount outstanding for each Term Loan Advance shall accrue interest at a floating per annum rate equal to the Prime Rate, plus three-quarters of one percent (0.75%), which interest shall be payable monthly in accordance with Section 2.1.2(b) above and Section 2.3(d) below.

  • The Revolving Credit Notes The Revolving Credit Loans shall be evidenced by separate promissory notes of the Borrower in substantially the form of Exhibit A hereto (each a "Revolving Credit Note"), dated as of the Closing Date and completed with appropriate insertions. One Revolving Credit Note shall be payable to the order of each Bank in a principal amount equal to such Bank's Commitment or, if less, the outstanding amount of all Revolving Credit Loans made by such Bank, plus interest accrued thereon, as set forth below. The Borrower irrevocably authorizes each Bank to make or cause to be made, at or about the time of the Drawdown Date of any Revolving Credit Loan or at the time of receipt of any payment of principal on such Bank's Revolving Credit Note, an appropriate notation on such Bank's Record reflecting the making of such Revolving Credit Loan or (as the case may be) the receipt of such payment. The outstanding amount of the Revolving Credit Loans set forth on such Bank's Record shall be prima facie evidence of the principal amount thereof owing and unpaid to such Bank, but the failure to record, or any error in so recording, any such amount on such Bank's Record shall not limit or otherwise affect the obligations of the Borrower hereunder or under any Revolving Credit Note to make payments of principal of or interest on any Revolving Credit Note when due.

  • Swingline Note The Swingline Loans shall be evidenced by a duly executed promissory note of the Borrower to the Swingline Lender in the original amount of the Swingline Committed Amount and substantially in the form of Schedule 2.3(d).

  • Disbursement of Revolving Credit and Swingline Loans Not later than 2:00 p.m. on the proposed borrowing date, (i) each Revolving Credit Lender will make available to the Administrative Agent, for the account of the Borrower, at the office of the Administrative Agent in funds immediately available to the Administrative Agent, such Revolving Credit Lender’s Revolving Credit Commitment Percentage of the Revolving Credit Loans to be made on such borrowing date and (ii) the Swingline Lender will make available to the Administrative Agent, for the account of the Borrower, at the office of the Administrative Agent in funds immediately available to the Administrative Agent, the Swingline Loans to be made on such borrowing date. The Borrower hereby irrevocably authorizes the Administrative Agent to disburse the proceeds of each borrowing requested pursuant to this Section in immediately available funds by crediting or wiring such proceeds to the deposit account of the Borrower identified in the most recent notice substantially in the form attached as Exhibit C (a “Notice of Account Designation”) delivered by the Borrower to the Administrative Agent or as may be otherwise agreed upon by the Borrower and the Administrative Agent from time to time. Subject to Section 5.7 hereof, the Administrative Agent shall not be obligated to disburse the portion of the proceeds of any Revolving Credit Loan requested pursuant to this Section to the extent that any Revolving Credit Lender has not made available to the Administrative Agent its Revolving Credit Commitment Percentage of such Loan. Revolving Credit Loans to be made for the purpose of refunding Swingline Loans shall be made by the Revolving Credit Lenders as provided in Section 2.2(b).

Time is Money Join Law Insider Premium to draft better contracts faster.