New Term Note definition
Examples of New Term Note in a sentence
The Series A New Term Loans owing to the Lender by the Borrower and the maturity thereof, and all payments made on account of principal thereof, shall be recorded by the Lender and, prior to any transfer hereof, endorsed on the grid attached hereto, which is part of this Series A New Term Note; provided, however, that the failure of the Lender to make any such recordation or endorsement shall not affect the Obligations of the Borrower under this Series A New Term Note.
This Series A New Term Note is one of the Notes referred to in, and is entitled to the benefits of, the Credit Agreement.
The New Term Note shall evidence all amounts owed by the Borrower to the Bank with respect to the Term Credit.
Each New Term Note shall represent the obligation of Borrower to pay the amount of the applicable New Term Lender’s New Term Loan Commitment, together with interest thereon.
This Series A New Term Note shall be governed by, and construed and interpreted in accordance with, the laws of the State of New York.