Examples of Post-Petition Revolving Note in a sentence
Payments received by Wells Fargo shall be applied to the Post-Petition Revolving Note as provided in Section 1.4(c), but the principal amount paid down shall continue to accrue interest through the end of the first Business Day following the Business Day that the payment was applied to the Post-Petition Revolving Note.
Such substitute Post-Petition Revolving Note or Post-Petition Revolving Notes shall re-evidence the Indebtedness outstanding under the surrendered Post-Petition Revolving Note or Post-Petition Revolving Notes and shall be dated as of the Closing Date.
The Agent may deem and treat the payee of any Post-Petition Revolving Note as the owner thereof for all purposes hereof unless and until a written notice of the assignment or transfer thereof shall have been filed with the Agent.
Except as otherwise provided in this Agreement, the unpaid principal amount of each Post-Petition Line of Credit Advance evidenced by the Post-Petition Revolving Note shall accrue interest at an annual interest rate calculated as follows: Post-Petition Line of Credit Advances = Prime Rate plus three and one half of one percent (3.50%), which interest rate shall change whenever the Prime Rate changes (the “Floating Rate”) (b) Minimum Interest Charge.
Borrower shall execute and deliver to Lender a Post-Petition Revolving Note as evidence of Borrower’s Obligations to Lender hereunder.
If the problem is classified as a Priority 2 Problem, Juniper Networks and End User shall work full-time during normal business hours (extending to 24 hours per day as needed), and shall use all commercially reasonable efforts, until a Work Around or Problem Resolution is successfully implemented.
This Revolving Note is the Post-Petition Revolving Note referred to in the Agreement, and is subject to the terms of the Agreement, which provides, among other things, for the acceleration of this Revolving Note.
Upon its receipt of each Assignment and Assumption Agreement and surrender of the affected Post-Petition Revolving Note or Post-Petition Revolving Notes, the Agent will give prompt notice thereof to the Funds Administrator and deliver to the Funds Administrator a copy of the Assignment and Assumption Agreement and the surrendered Post-Petition Revolving Note or Post-Petition Revolving Notes.
While the establishment of the ad hoc tribunals is a big step in the right direction, their establishment is often politically motivated, and it is questionable if they are able to operate inhibited by political considerations.
Within 5 Business Days after its receipt of such notice, the Borrowers shall execute and deliver to the Agent a substitute Post-Petition Revolving Note or Post-Petition Revolving Notes to the order of the assignee in the amount of the Commitment or Commitments assumed by it and to the assignor in the amount of the Commitment or Commitments retained by it, if any.