Examples of Existing Term Note in a sentence
The outstanding unpaid balance under the Term Loan Facility shall be evidenced by the Term Note, which shall be jointly and severally made, executed and delivered by the Borrowers at the Closing in modification of and substitution for the Existing Term Note.
The Term Note amends and restates, but does not repay or satisfy, Borrowers' obligations under the Existing Term Note.
The applicable prepayment fee for any Existing Term Note shall be as specified in such Existing Term Note.
The Borrowers acknowledge and agree that (i) the current outstanding principal balance of the Existing Term Note is $8,833,333.31, (ii) none of the Borrowers has any defenses to payment, offsets, recoupments, deductions, or counterclaims with respect to the Existing Term Note or the Indebtedness evidenced thereby, and (iii) the Interest Rate Swap continues in effect and the Borrowers" obligations thereunder are reaffirmed.
Xxxxx Fargo previously extended the Term Loan to the Company as evidenced by the Existing Term Note, repayable in accordance with the terms set forth therein and in this Agreement.