Examples of Prior Revolving Note in a sentence
Borrower ratifies and confines that the Agreement as amended hereby, the Prior Revolving Note as renewed and extended by the New Note, the Security Instruments and the other Loan Documents are and remain in full force and effect in accordance with their respective terms, that the Security Instruments secure the payment of all of the Obligations, that the Collateral is unimpaired by this Amendment, and that the Collateral is security for the payment and performance in full of all of the Obligations.
Except as amended and modified by this Amendment, the Agreement, the Prior Revolving Note as renewed and extended by the New Note, the Security Instruments and all other Loan Documents shall remain in full force and effect in accordance with the terms and provisions thereof.
Except as amended and modified by this Amendment, the Agreement, the Prior Revolving Note as renewed and extended by the Revolving Note, the Security Instruments and all other Loan Documents shall remain in full force and effect in accordance with the terms and provisions thereof.
Borrower ratifies and confirms that the Agreement as amended hereby, the Prior Revolving Note as renewed and extended by the Revolving Note, the Security Instruments and the other Loan Documents are and remain in full force and effect in accordance with their respective terms, that the Security Instruments secure the payment of all of the Obligations, that the Collateral is unimpaired by this Amendment, and that the Collateral is security for the payment and performance in full of all of the Obligations.
Each Lender agrees to use commercially reasonable efforts to return its original Prior Revolving Note to Borrower within fifteen (15) days of the date of this Amendment.
Borrower shall have executed and delivered to Lender that certain Promissory Note, in the form and content satisfactory to Lender, which Promissory Note shall be in renewal and extension of, but not in extinguishment of, the Prior Revolving Note, and shall be deemed to be the Revolving Note as defined in the Agreement.
The parties hereto acknowledge that the outstanding principal balance under the Prior Revolving Note as of the date hereof is Six Million, Five Hundred Thousand and No/100 Dollars ($6,500,000.00).
This Note is given in replacement, renewal and/or extension of, but not in extinguishment of the indebtedness evidenced by, that Revolving Note dated April 30, 2012 executed by the Borrower in the original principal amount of Ten Million and 00/100 Dollars ($10,000,000.00), including previous amendments, renewals or modifications thereof, if any (the "Prior Revolving Note").
The parties hereto acknowledge that the outstanding principal balance under the Prior Revolving Note as of the date hereof is six million five hundred thousand and No/100 Dollars ($6,500,000.00).
This Note replaces in its entirety and is in substitution for, but not in payment of, (i) that certain Amended and Restated Revolving Note dated as of May 2, 2000 (the "Prior Revolving Note") made by Borrowers in favor of the Bank in the maximum principal amount available of $37,000,000 and does not and shall not be deemed to constitute a novation thereof.