Common use of The Revolving Credit Notes Clause in Contracts

The Revolving Credit Notes. The Revolving Credit Loans shall be evidenced by separate Revolving Credit Notes, dated as of June 29, 1998, the Closing Date or such other date on which a Person may become a party hereto in accordance with SECTION 18 hereof, and completed with appropriate insertions. One Revolving Credit Note shall be payable to the order of each Revolving Credit Lender in a principal amount equal to such Lender's Commitment or, if less, the outstanding amount of all Revolving Credit Loans made by such Lender, plus interest accrued thereon, as set forth below. The Borrowers irrevocably authorize each Revolving Credit Lender to make or cause to be made, in connection with a Drawdown Date of any Revolving Credit Loan or at the time of receipt of any payment of principal on such Lender's Revolving Credit Note, an appropriate notation on such Lender's records reflecting the making of such Revolving Credit Loan or the receipt of such payment (as the case may be). The outstanding amount of the Revolving Credit Loans set forth on such Lender's record shall be PRIMA FACIE evidence of the principal amount thereof owing and unpaid to such Lender, but the failure to record, or any error in so recording, any such amount shall not limit or otherwise affect the obligation of the Borrowers hereunder or under any Revolving Credit Note to make payments of principal of or interest on any Revolving Credit Note when due.

Appears in 1 contract

Samples: Credit and Term Loan Agreement (Nationsrent Inc)

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The Revolving Credit Notes. The Revolving Credit Loans shall be evidenced by separate promissory notes of the US Borrower in substantially the form of Exhibit A hereto (each a "Revolving Credit NotesNote"), dated as of June 29, 1998, the Closing Date (or other such other date on which a Person Lender may become a party hereto in accordance with SECTION 18 Section 20 hereof, ) and completed with appropriate insertions. One Revolving Credit Note shall be payable to the order of each Revolving Credit Lender in a principal amount equal to such Lender's Commitment or, if less, on the outstanding amount of all Revolving Credit Loans made by such Lender, plus interest accrued thereon, as set forth belowClosing Date. The Borrowers US Borrower irrevocably authorize authorizes each Revolving Credit Lender to make or cause to be made, in connection with a 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 Lender's Revolving Credit NoteNotes, an appropriate notation on such Lender's records Note Record reflecting the making of such Revolving Credit Loan or the receipt of such payment (as the case may be)) the receipt of such payment. The outstanding amount of the Revolving Credit Loans set forth on such Lender's record Note Record shall be PRIMA FACIE prima facie evidence of the principal amount thereof owing and unpaid to such Lender, but the failure to record, or any error in so recording, any such amount on such Lender's Note Record shall not limit or otherwise affect the obligation obligations of the Borrowers US Borrower hereunder or under any Revolving Credit Note Notes to make payments of principal of or interest on any Revolving Credit Note Notes when due.

Appears in 1 contract

Samples: Credit and Term Loan Agreement (Genesee & Wyoming Inc)

The Revolving Credit Notes. The Revolving Credit Loans (other than those Loans advanced by the Agent under §2.6.2) shall be evidenced by separate Revolving Credit Notespromissory notes of the Borrower in substantially the form of Exhibit A hereto (each a “Note”), dated as of June 29, 1998, the Closing Date (or such other date on which a Person Lender may become a party hereto in accordance with SECTION 18 §15 hereof, ) and completed with appropriate insertions. One Revolving Credit Note shall be payable to the order of each Revolving Credit Lender in a principal amount equal to such Lender's ’s Commitment or, if less, the outstanding amount of all Revolving Credit Loans made by such Lender, plus interest accrued thereon, as set forth below. The Borrowers Borrower irrevocably authorize authorizes each Revolving Credit Lender to make or cause to be made, in connection with a 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 Lender's Revolving Credit ’s Note, an appropriate notation on such Lender's records ’s Note Record reflecting the making of such Revolving Credit Loan or the receipt of such payment (as the case may be)) the receipt of such payment. The outstanding amount of the Revolving Credit Loans set forth on such Lender's record ’s Note Record shall be PRIMA FACIE prima facie evidence of the principal amount thereof owing and unpaid to such Lender, but the failure to record, or any error in so recording, any such amount on such Lender’s Note Record shall not limit or otherwise affect the obligation obligations of the Borrowers Borrower hereunder or under any Revolving Credit Note to make payments of principal of or interest on any Revolving Credit Note when due.

Appears in 1 contract

Samples: Revolving Credit Agreement (Barnes Group Inc)

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 NotesNote"), dated as of June 29, 1998, the Closing ------- - Date or such other date on which a Person may become a party hereto in accordance with SECTION 18 hereof, and completed with appropriate insertions. One Revolving Credit Note shall be payable to the order of each Revolving Credit Lender Bank in a principal amount equal to such LenderBank's Commitment or, if less, the outstanding amount of all Revolving Credit Loans made by such LenderBank, plus interest accrued thereon, as set forth below. The Borrowers Borrower irrevocably authorize authorizes each Revolving Credit Lender Bank to make or cause to be made, in connection with a 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 LenderBank's Revolving Credit Note, an appropriate notation on such LenderBank's records Record reflecting the making of such Revolving Credit Loan or the receipt of such payment (as the case may be)) the receipt of such payment. The outstanding amount of the Revolving Credit Loans set forth on such LenderBank's record Record shall be PRIMA FACIE prima facie evidence of the principal amount thereof owing and unpaid ----- ----- to such LenderBank, 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 obligation obligations of the Borrowers Borrower hereunder or under any Revolving Credit Note to make payments of principal of or interest on any Revolving Credit Note when due.

Appears in 1 contract

Samples: Credit Agreement (Ameriking Inc)

The Revolving Credit Notes. The Revolving Credit Loans shall be -------------------------- evidenced by separate amended and restated promissory notes of the Borrower in substantially the form of Exhibit A hereto (each a "Revolving Credit NotesNote"), --------- dated as of June 29, 1998, the Closing Date or such other date on which a Person may become a party hereto in accordance with SECTION 18 hereof, and completed with appropriate insertions. One Revolving Credit Note shall be payable to the order of each Revolving Credit Lender Bank in a principal amount equal to such LenderBank's Commitment or, if less, the outstanding amount of all Revolving Credit Loans made by such LenderBank, plus interest accrued thereon, as set forth below. The Borrowers Borrower irrevocably authorize authorizes each Revolving Credit Lender Bank to make or cause to be made, in connection with a 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 LenderBank's Revolving Credit Note, an appropriate notation on such LenderBank's records Record reflecting the making of such Revolving Credit Loan or the receipt of such payment (as the case may be)) the receipt of such payment. The outstanding amount of the Revolving Credit Loans set forth on such LenderBank's record Record shall be PRIMA FACIE prima facie evidence of the principal amount thereof ----- ----- owing and unpaid to such LenderBank, 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 obligation obligations of the Borrowers Borrower hereunder or under any Revolving Credit Note to make payments of principal of or interest on any Revolving Credit Note when due.

Appears in 1 contract

Samples: Revolving Credit Agreement (Ameriking Inc)

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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 NotesNote"), dated as of June 29, 1998, the Closing Date (or other such other date on which a Person Bank may become a party hereto in accordance with SECTION 18 ss.19 hereof, ) and completed with appropriate insertions. One Revolving Credit Note shall be payable to the order of each Revolving Credit Lender Bank in a principal amount equal to such LenderBank's Commitment or, if less, the outstanding amount of all Revolving Credit Loans made by such LenderBank, plus interest accrued thereon, as set forth below. The Borrowers Borrower irrevocably authorize authorizes each Revolving Credit Lender Bank to make or cause to be made, in connection with a 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 LenderBank's Revolving Credit Note, an appropriate notation on such LenderBank's records Note Record reflecting the making of such Revolving Credit Loan or the receipt of such payment (as the case may be)) the receipt of such payment. The outstanding amount of the Revolving Credit Loans set forth on such LenderBank's record Note Record shall be PRIMA FACIE prima facie evidence of the principal amount thereof owing and unpaid to such LenderBank, but the failure to record, or any error in so recording, any such amount on such Bank's Note Record shall not limit or otherwise affect the obligation obligations of the Borrowers Borrower hereunder or under any Revolving Credit Note to make payments of principal of or interest on any Revolving Credit Note when due.

Appears in 1 contract

Samples: Credit Agreement (Genesee & Wyoming Inc)

The Revolving Credit Notes. The Revolving Credit Loans (other than the Swing Line Loans) shall be evidenced by separate promissory notes of the Borrower in substantially the form of Exhibit A hereto (each a "Revolving Credit NotesNote"), dated as of June 29, 1998, the Closing Date or such other date on which a Person may become a party hereto in accordance with SECTION 18 hereof, and completed with appropriate insertions. One Revolving Credit Note shall be payable to the order of each Revolving Credit Lender Bank in a principal amount equal to such LenderBank's Commitment or, if less, the outstanding amount of all Revolving Credit Loans (other than Swing Line Loans) made by such LenderBank, plus interest accrued thereon, as set forth below. The Borrowers Borrower irrevocably authorize authorizes each Revolving Credit Lender Bank to make or cause to be made, in connection with a at or about the time of the Drawdown Date of any Revolving Credit Loan (other than a Swing Line Loan) or at the time of receipt of any payment of principal on such LenderBank's Revolving Credit Note, an appropriate notation on such Lender's records computer entry or other record reflecting the making of such Revolving Credit Loan or the receipt of such payment (as the case may be)) the receipt of such payment. The outstanding amount of the Revolving Credit Loans set forth on in such Lender's record computer entries or other records shall be PRIMA FACIE prima facie evidence of the principal amount thereof owing and unpaid to such LenderBank, but the failure to record, or any error in so recording, any such amount in such computer entries or other records shall not limit or otherwise affect the obligation obligations of the Borrowers Borrower hereunder or under any Revolving Credit Note to make payments of principal of or interest on any Revolving Credit Note when due."

Appears in 1 contract

Samples: And Modification Agreement (Hadco Corp)

The Revolving Credit Notes. The Revolving Credit Loans (other than those Loans advanced by the Agent under (S)2.6.2) shall be evidenced by separate Revolving Credit Notespromissory notes of the Borrower in substantially the form of Exhibit A hereto (each a "Note"), dated as of June 29, 1998, the Closing Date (or such other date on which a Person Lender may become a party hereto in accordance with SECTION 18 (S)15 hereof, ) and completed with appropriate insertions. One Revolving Credit Note shall be payable to the order of each Revolving Credit Lender in a principal amount equal to such Lender's Commitment or, if less, the outstanding amount of all Revolving Credit Loans made by such Lender, plus interest accrued thereon, as set forth below. The Borrowers Borrower irrevocably authorize authorizes each Revolving Credit Lender to make or cause to be made, in connection with a 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 Lender's Revolving Credit Note, an appropriate notation on such Lender's records Note Record reflecting the making of such Revolving Credit Loan or the receipt of such payment (as the case may be)) the receipt of such payment. The outstanding amount of the Revolving Credit Loans set forth on such Lender's record Note Record shall be PRIMA FACIE prima facie evidence of the principal amount thereof owing and unpaid to such Lender, but the failure to record, or any error in so recording, any such amount on such Lender's Note Record shall not limit or otherwise affect the obligation obligations of the Borrowers Borrower hereunder or under any Revolving Credit Note to make payments of principal of or interest on any Revolving Credit Note when due.

Appears in 1 contract

Samples: Revolving Credit Agreement (Barnes Group Inc)

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