THE TRANCHE B TERM NOTES Clause Samples

THE TRANCHE B TERM NOTES. The Tranche B Term Loan shall be evidenced by separate promissory notes of the Borrower in substantially the form of Exhibit D hereto (each a "Tranche B Term Note"), and completed with appropriate insertions. One Tranche B Term Note shall be payable to the order of each Tranche B Lender in a principal amount equal to such Tranche B Lender's Commitment Percentage of the Tranche B Term Loan and representing the obligation of the Borrower to pay to such Tranche B Lender such principal amount or, if less, the outstanding amount of such Tranche B Lender's Commitment Percentage of the Tranche B Term Loan, plus interest accrued thereon, as set forth below. The Borrower irrevocably authorizes each Tranche B Lender to make or cause to be made a notation on such Tranche B Lender's Tranche B Note Record reflecting the original principal amount of such Tranche B Lender's Commitment Percentage of the Tranche B Term Loan and, at or about the time of such Tranche B Lender's receipt of any principal payment on such Tranche B Lender's Tranche B Term Note, an appropriate notation on such Tranche B Lender's Tranche B Note Record reflecting such payment. The aggregate unpaid amount set forth on such Tranche B Lender's Tranche B Note Record shall be prima facie evidence of the principal amount thereof owing and unpaid to such Tranche B Lender, but the failure to record, or any error in so recording, any such amount on such Tranche B Lender's Tranche B Note Record shall not affect the obligations of the Borrower hereunder or under any Tranche B Term Note to make payments of principal of and interest on any Tranche B Term Note when due.