Gold Note definition
Examples of Gold Note in a sentence
One Gold Note shall be payable to the order of each Gold Bank in a principal amount equal to the Dollar amount of such Gold Bank's Gold Commitment or, if less, the outstanding amount of all Gold Loans made by such Gold Bank, plus interest accrued thereon, as set forth below.
The outstanding amount of the Gold Loans set forth on such Gold Bank's Gold Note Record shall be prima facie evidence of the principal amount thereof owing and unpaid to such Gold Bank, but the failure to record, or any error in so recording, any such amount on such Gold Bank's Gold Note Record shall not limit or otherwise affect the obligations of the Borrower hereunder or under any Gold Note to make payments of principal of or interest on any Gold Note when due.
The Borrower irrevocably authorizes each Gold Bank to make or cause to be made, at or about the time of the Drawdown Date of any Gold Loans made by such Gold Bank or at the time of receipt of any payment of principal on such Gold Bank's Gold Note, an appropriate notation on such Gold Bank's Gold Note Record reflecting the making of such Gold Loan or (as the case may be) the receipt of such payment.
The Gold Loans shall be evidenced by separate promissory notes of the Borrower in substantially the form of Exhibit H hereto (each a "Gold Note"), dated as of the Closing Date and completed with appropriate insertions.
The outstanding amount of the Loans and Consigned Precious Metal as reflected on the Revolving Credit Note Records, the Term Note Records, the Gold Note Records and the other records maintained by the Agents and each Bank from time to time shall be considered correct and binding on the Borrower in the absence of demonstrable error.
Such new Revolving Credit Note or Notes or Gold Note or Notes shall be in an aggregate principal amount equal to the aggregate principal amount of such surrendered Revolving Credit Note or Notes or Gold Note or Notes, shall be dated the effective date of such Assignment and Acceptance and shall otherwise be in substantially the form of Exhibit A-1 hereto.
The outstanding amount of the Loans and Consigned Precious Metal as reflected on the Revolving Credit Note Records, the Term Note Records, the Gold Note Records and the other records maintained by the Agents and each Bank from time to time shall be considered correct and binding on the Borrower unless within five (5) Business Days after receipt of any notice by either of the Agents or any of the Banks of such outstanding amount, the such Agent or such Bank shall notify the Borrower to the contrary.
Each Lender's Tranche A Loans or, as the case may be, Tranche B Loans shall be evidenced by a Tranche A Note in a Principal Amount equal to such Lender's Commitment Amount (Tranche A Portion) and/or, as may be relevant, a Tranche B Dollar Note and a Tranche B Gold Note.