CAF Advance Note definition
Examples of CAF Advance Note in a sentence
Not later than three Business Days after receipt of such notice, the Borrower shall deliver to such Lender an Individual CAF Advance Note payable to the order of such Lender in the principal amount of each such CAF Advance and otherwise conforming to the requirements of this Agreement.
Each CAF Advance Note shall be dated the Initial Closing Date, and each CAF Advance evidenced thereby shall bear interest for the period from and including the Borrowing Date of such CAF Advance on the unpaid principal amount thereof from time to time outstanding at the applicable rate per annum determined as provided in, and such interest shall be payable as specified in, subsection 3.16(b).
Upon receipt of such Individual CAF Advance Note, such Lender shall endorse on the Schedule attached to its Grid CAF Advance Note the transfer of such CAF Advance from its Grid CAF Advance Note to such Individual CAF Advance Note.
Each Grid CAF Advance Note shall be dated the Closing Date, and each CAF Advance evidenced thereby shall bear interest for the period from and including the Borrowing Date thereof on the unpaid principal amount thereof from time to time outstanding at the applicable rate per annum determined as provided in, and such interest shall be payable as specified in, subsection 2.4(e).
Each CAF Advance Note shall be dated the Effective Date, and each CAF Advance evidenced thereby shall bear interest for the period from and including the Borrowing Date of such CAF Advance on the unpaid principal amount thereof from time to time outstanding at the applicable rate per annum determined as provided in, and such interest shall be payable as specified in, subsection 2.16(b).
In the event that any Revolving Credit Lender shall become a party to this Agreement on the Restatement Effective Date, each Revolving Credit Borrower shall issue a CAF Advance Note to such Revolving Credit Lender on the Restatement Effective Date.