Common use of THE SENIOR CREDIT NOTES Clause in Contracts

THE SENIOR CREDIT NOTES. To evidence the Advances to be made by the Lenders pursuant to this Agreement, the Companies agree to execute and deliver to each Lender a Senior Credit Note in a face principal amount equal to that Lender’s Committed Sum and dated the same date as this Agreement (or dated with such other appropriate date as shall be agreed upon by the Companies, that Lender and the Agent if the effective date of that Lender’s joinder in this Agreement is after its Effective Date), and to evidence the Swing Line Advances to be made by JPMorgan, the Companies agree to execute and deliver to JPMorgan the Swing Line Note in face principal amount equal to the Swing Line Limit. If any Lender’s Committed Sum shall be increased for any reason after the Companies shall have issued that Lender its Senior Credit Note, then the Companies agree to execute and deliver to that Lender upon its request a renewal Senior Credit Note in a face principal amount equal to the portion of that Lender’s new Committed Sum and dated the same date that such applicable Committed Sum change becomes (or became) effective. If the Swing Line Limit shall be increased for any reason, then the Companies agree to execute and deliver to that Lender upon its request a renewal Swing Line Note in a face principal amount equal to the new Swing Line Limit and dated the same date that such Swing Line Limit change becomes (or became) effective. If the Swing Line Limit shall be reduced below what the Swing Line Limit is on the Effective Date for any reason, the maximum Borrowings outstanding under the Swing Line Note then or on any day thereafter shall be limited to the Swing Line Limit on such day, irrespective of the fact that the face principal amount of the Swing Line Note may be greater than

Appears in 2 contracts

Samples: Assignment and Assumption (Homebanc Corp), Credit Agreement (Homebanc Corp)

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THE SENIOR CREDIT NOTES. To evidence the Advances to be made by the Lenders pursuant to this Agreement, the Companies agree to execute and deliver to each Lender a Senior Credit Note in a face principal amount equal to that Lender’s Committed Sum and dated the same date as this Agreement (or dated with such other appropriate date as shall be agreed upon by the Companies, that Lender and the Agent if the effective date of that Lender’s joinder in this Agreement is after its Effective Date), and to evidence the Swing Line Advances to be made by JPMorgan, the Companies agree to execute and deliver to JPMorgan the Swing Line Note in face principal amount equal to the Swing Line Limit. If any Lender’s Committed Sum shall be increased for any reason after the Companies shall have issued that Lender its Senior Credit Note, then the Companies agree to execute and deliver to that Lender upon its request a renewal Senior Credit Note in a face principal amount equal to the portion of that Lender’s new Committed Sum and dated the same date that such applicable Committed Sum change becomes (or became) effective. If the Swing Line Limit shall be increased for any reason, then the Companies agree to execute and deliver to that Lender upon its request a renewal Swing Line Note in a face principal amount equal to the new Swing Line Limit and dated the same date that such Swing Line Limit change becomes (or became) effective. If the Swing Line Limit shall be reduced below what the Swing Line Limit is on the Effective Date for any reason, the maximum Borrowings outstanding under the Swing Line Note then or on any day thereafter shall be limited to the Swing Line Limit on such day, irrespective of the fact that the face principal amount of the Swing Line Note may be greater thanthan that. Notwithstanding any other inconsistent or contrary provision of this Agreement or any of the other Facilities Papers, whether or not — for any reason, at any time or from time to time — the Advances in the aggregate exceed the sum of the face amounts of the Senior Credit Notes, or the Swing Line Advances outstanding exceed the face amount of the Swing Line Note, such excess shall be due and payable on demand. All Advances are and shall be part of the Obligations and all of the Obligations are and shall be secured by all Collateral.

Appears in 1 contract

Samples: Assignment and Assumption

THE SENIOR CREDIT NOTES. To evidence the Advances to be made by the Lenders pursuant to this Agreement, the Companies agree Company agrees to execute and deliver to each Lender a Senior Credit Note in a face principal amount equal to that Lender’s Committed Sum and dated the same date as this Agreement (or dated with such other appropriate date as shall be agreed upon by the CompaniesCompany, that Lender and the Agent if the effective date of that Lender’s joinder in this Agreement is after its Effective Date), and to evidence the Swing Line Advances to be made by JPMorgan, the Companies agree Company agrees to execute and deliver to JPMorgan the Swing Line Note in face principal amount equal to the Swing Line Limit. If any Lender’s Committed Sum shall be increased for any reason after the Companies Company shall have issued that Lender its Senior Credit Note, then the Companies agree Company agrees to execute and deliver to that Lender upon its request a renewal Senior Credit Note in a face principal amount equal to the portion of that Lender’s new Committed Sum and dated the same date that such applicable Committed Sum change becomes (or became) effective. If the Swing Line Limit shall be increased for any reason, then the Companies agree to execute and deliver to that Lender upon its request a renewal Swing Line Note in a face principal amount equal to the new Swing Line Limit and dated the same date that such Swing Line Limit change becomes (or became) effective. If the Swing Line Limit shall be reduced below what the Swing Line Limit is on the Effective Date for any reason, the maximum Borrowings outstanding under the Swing Line Note then or on any day thereafter shall be limited to the Swing Line Limit on such day, irrespective of the fact that the face principal amount of the Swing Line Note may be greater thanthan that. Notwithstanding any other inconsistent or contrary provision of this Agreement or any of the other Facilities Papers, whether or not — for any reason, at any time or from time to time — the Advances in the aggregate exceed the sum of the face amounts of the Senior Credit Notes, or the Swing Line Advances outstanding exceed the face amount of the Swing Line Note, such excess shall be due and payable on demand. All Advances are and shall be part of the Obligations and all of the Obligations are and shall be secured by all Collateral.

Appears in 1 contract

Samples: Credit Agreement (E Loan Inc)

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THE SENIOR CREDIT NOTES. To evidence the Advances to be made by the Lenders pursuant to this Agreement, the Companies agree Company agrees to execute and deliver to each Lender a Senior Credit Note in a face principal amount equal to that Lender’s Committed Sum and dated the same date as this Agreement (or dated with such other appropriate date as shall be agreed upon by the CompaniesCompany, that Lender and the Agent if the effective date of that Lender’s joinder in this Agreement is after its Effective Date), and to evidence the Swing Line Advances to be made by JPMorgan, the Companies agree Company agrees to execute and deliver to JPMorgan the Swing Line Note in face principal amount equal to the Swing Line Limit. If any Lender’s Committed Sum shall be increased for any reason after the Companies Company shall have issued that Lender its Senior Credit Note, then the Companies agree Company agrees to execute and deliver to that Lender upon its request a renewal Senior Credit Note in a face principal amount equal to the portion of that Lender’s new Committed Sum and dated the same date that such applicable Committed Sum change becomes (or became) effective. If the Swing Line Limit shall be increased for any reason, then the Companies agree Company agrees to execute and deliver to that Lender upon its request a renewal Swing Line Note in a face principal amount equal to the new Swing Line Limit and dated the same date that such Swing Line Limit change becomes (or became) effective. If the Swing Line Limit shall be reduced below what the Swing Line Limit is on the Effective Date for any reason, the maximum Borrowings outstanding under the Swing Line Note then or on any day thereafter shall be limited to the Swing Line Limit on such day, irrespective of the fact that the face principal amount of the Swing Line Note may be greater thanthan that. Notwithstanding any other inconsistent or contrary provision of this Agreement or any of the other Facilities Papers, whether or not – for any reason, at any time or from time to time – the Advances in the aggregate exceed the sum of the face amounts of the Senior Credit Notes, or the Swing Line Advances outstanding exceed the face amount of the Swing Line Note, such excess shall be due and payable on demand. All Advances are and shall be part of the Obligations and all of the Obligations are and shall be secured by all Collateral.

Appears in 1 contract

Samples: Credit Agreement (Homebanc Corp)

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