Common use of The Revolving Credit Note Clause in Contracts

The Revolving Credit Note. The Revolving Credit Loans shall be evidenced by a single Revolving Credit Note in favor of the Bank substantially in the form of Exhibit A-1 with appropriate insertions, duly executed and completed by Borrower. The Bank is authorized to record the date, type and amount of each Revolving Credit Loan, the date and amount of each payment or prepayment of principal thereof, the date of each interest rate conversion pursuant to Section 2.05 and the principal amount subject thereto and the Interest Period and interest rate with respect thereto in its records or on the schedules annexed to and constituting a part of the Revolving Credit Note, and, absent manifest error, any such recordation shall constitute conclusive evidence of the information so recorded; provided that the failure to make any such recordation shall not in any way affect Borrower's obligation to repay the Revolving Credit Loans. The Revolving Credit Note shall (a) be dated the date hereof, (b) mature on the Revolving Credit Termination Date and (c) bear interest from and including the date hereof on the unpaid principal amount thereof from time to time outstanding as provided herein.

Appears in 3 contracts

Samples: Credit Agreement (Disc Graphics Inc /De/), Credit Agreement (Disc Graphics Inc /De/), Credit Agreement (Vicon Industries Inc /Ny/)

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The Revolving Credit Note. The Revolving Credit Loans shall be evidenced by a single Revolving Credit Note promissory note in favor of the Bank substantially in the form of Exhibit A-1 A hereto with appropriate insertions, duly executed and completed by the Borrower. The Bank is hereby authorized to record the date, type and amount of each Revolving Credit Loan, the date and amount of each payment or prepayment of principal thereof, the date of each interest rate conversion pursuant to Section 2.05 and the principal amount subject thereto and the Interest Period and interest rate with respect thereto in its the Bank's records or and/or on the schedules annexed to and constituting a part of the Revolving Credit Note, and, absent manifest error, any such recordation shall constitute conclusive evidence of the information so recorded; provided that the failure to make any such recordation shall not in any way affect Borrower's the obligation of the Borrower to repay outstanding amounts under the Revolving Credit Loans. The Revolving Credit Note shall (a) shall be dated the date hereof, (b) be stated to mature on the Revolving Credit Termination Date and (c) shall bear interest from and including the date hereof on the unpaid principal amount thereof from time to time outstanding as provided herein.

Appears in 1 contract

Samples: Credit Agreement (Technology Flavors & Fragrances Inc)

The Revolving Credit Note. The Revolving Credit Loans shall be evidenced by a single Revolving Credit Note in favor of the Bank substantially in the form of Exhibit A-1 A with appropriate insertions, duly executed and completed by the Borrower. The Bank is hereby authorized to record the date, type date and amount of each Revolving Credit Loan, the date and amount of each payment or prepayment of principal thereof, the date of each interest rate conversion pursuant to Section 2.05 thereof and the principal amount subject thereto and in the Interest Period and interest rate with respect thereto in its Bank's records or and/or on the schedules annexed to and constituting a part of the Revolving Credit Note, and, absent manifest error, and any such recordation shall constitute conclusive PRIMA FACIE evidence of the accuracy of the information so recorded; provided that the failure to make any such recordation shall not in any way affect the Borrower's obligation to repay the Revolving Credit Loans. The Revolving Credit Note shall (a) shall be dated the date hereof, (b) shall be stated to mature on the Revolving Credit Termination Date and (c) shall bear interest from and including the date hereof on the unpaid principal amount thereof from time to time outstanding as provided herein.

Appears in 1 contract

Samples: Security Agreement (Allied Devices Corp)

The Revolving Credit Note. The Revolving Credit Loans shall be evidenced by a single Revolving Credit Note in favor of the Bank substantially in the form of Exhibit A-1 A with appropriate insertions, duly executed and completed by Borrower. The Bank is authorized to record the date, type date and amount of each Revolving Credit Loan, Loan and the date and amount of each payment or prepayment of principal thereof, the date of each interest rate conversion pursuant to Section 2.05 and the principal amount subject thereto and the Interest Period and interest rate with respect thereto in its records or on the schedules annexed to and constituting a part of the Revolving Credit Note, and, absent manifest error, any such recordation shall constitute conclusive evidence of the information so recorded; provided that the failure to make any such recordation shall not in any way affect Borrower's obligation to repay the Revolving Credit Loans. The Revolving Credit Note shall (a) be dated the date hereofFourth Amendment Closing Date, (b) mature on the Revolving Credit Termination Date and (c) bear interest from and including the date hereof on the unpaid principal amount thereof from time to time outstanding as provided herein.

Appears in 1 contract

Samples: Credit Agreement (Disc Graphics Inc /De/)

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The Revolving Credit Note. The Revolving Credit Loans of the Bank shall be evidenced by a single Revolving Credit Note promissory note in favor of the Bank substantially in the form of Exhibit A-1 A, with appropriate insertions, duly executed and completed by Borrowerthe Co-Borrowers. The Bank is hereby authorized to record the date, type and amount of each Revolving Credit Loan, the date and amount of each payment or prepayment of principal thereof, the date of each interest rate conversion or continuation pursuant to Section 2.05 and the principal amount subject thereto and the Interest Period and interest rate with respect thereto in its the Bank's records or and/or on the schedules schedule annexed to and constituting a part of the Revolving Credit Note, and, absent manifest error, any such recordation shall constitute conclusive evidence of the information so recorded; provided that the failure to make any such recordation shall not in any way affect Borrower's the Co-Borrowers' obligation to repay the Revolving Credit Loans. The Revolving Credit Note shall (a) shall be dated the date hereofClosing Date, (b) be stated to mature on the Revolving Credit Termination Date and (c) shall bear interest from and including the date hereof Closing Date on the unpaid principal amount thereof from time to time outstanding as provided herein.

Appears in 1 contract

Samples: Credit Agreement (Olsten Corp)

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