Revolving Loan Promissory Note definition

Revolving Loan Promissory Note means the promissory note in the form of Exhibit A hereto executed by each Company to evidence the Revolving Loans made by the Agent on behalf of the Lenders to each Company pursuant to Section 3 of this Agreement.
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Revolving Loan Promissory Note means Revolving Loan Promissory Note dated July 8, 2008, as amended by that First Amendment to Revolving Loan Promissory Note dated June 30, 2009, as further amended by that Second Amendment to Revolving Loan Promissory Note effective June 29, 2010, as further amended by that Third Amendment to Revolving Loan Promissory Note effective July 15, 2010, as further amended by that Fourth Amendment to Revolving Loan Promissory Note dated July 15, 2010, as further amended by that Fifth Amendment to Revolving Loan Promissory Note dated July 12, 2012, as further amended by that Sixth Amendment to Revolving Loan Promissory Note dated concurrently with this Amendment.
Sample 1
Revolving Loan Promissory Note is given in amendment, replacement and substitution, but not extinguishment, of all amounts unpaid under that certain Revolving Loan Promissory Note dated November 22, 1999 payable by the Companies to the order of CTIBC as Agent for the Lenders in the stated principal amount of $65,000,000.00. COMPANIES: UTI DRILLING, L.P. By: UTICO HARD ROCK BORING, INC., As Sole General Partner By: ------------------------------------- John X. Xxxxxxx XXX, Vice President SUITS DRILLING COMPANY By: ------------------------------------------ John X. Xxxxxxx XXX, Vice President UNIVERSAL WELL SERVICES, INC. By: ------------------------------------------ John X. Xxxxxxx XXX, Vice President UTI MANAGEMENT SERVICES, L.P. By: UTICO HARD ROCK BORING, As Sole General Partner By: -------------------------------------- John X. Xxxxxxx XXX, Vice President NORTON DRILLING, L.P., as successor in interest (by conversion) to Norton Drilling Company By: Nortxx XX, X.L.C., as sole General Partner By: Norton Drilling Services, Inc., its sole member By: ---------------------------------- Name: -------------------------------- Title: ------------------------------- First Amendment to Loan & Security Agreement 15 SCHEDULE TO GRID ======================================================================================================================== Date Loan Payment Balance ======================================================================================================================== ======================================================================================================================== ======================================================================================================================== ======================================================================================================================== ======================================================================================================================== ======================================================================================================================== ======================================================================================================================== ======================================================================================================================== ======================================================================================================================== ===================================================...
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Examples of Revolving Loan Promissory Note in a sentence

  • If any payment on this Revolving Loan Promissory Note becomes due and payable on a day other than a Business Day, the maturity thereof shall be extended to the next succeeding Business Day, and with respect to payments of principal, interest thereon shall be payable at the then applicable rate during such extension.

  • All such advances, whether or not so recorded, shall be due as part of this Revolving Loan Promissory Note.

  • Upon the occurrence and during the continuance of any one or more of the Events of Default specified in the Agreement or upon termination of this Agreement, all amounts then remaining unpaid on this Revolving Loan Promissory Note may become, or be declared to be, immediately due and payable as provided in the Agreement.

  • This Revolving Loan Promissory Note is a Revolving Loan Promissory Note referred to in the Agreement, and is subject to, and entitled to, all provisions and benefits thereof and is subject to optional and mandatory prepayment, in whole or in part, as provided therein.

  • This Revolving Loan Promissory Note shall be governed by, and construed in accordance with, the laws of the State of New York and the applicable federal laws of the United States.

  • Upon the occurrence of any one or more of the Events of Default specified in the Financing Agreement or upon termination of the Financing Agreement, all amounts then remaining unpaid on this Revolving Loan Promissory Note may become, or be declared to be, immediately due and payable as provided in the Financing Agreement.

  • Each Company and the Guarantors, sureties and endorses jointly and severally waive grace, demand, presentment for payment, notice of dishonor or default, notice of intent to accelerate, notice of acceleration, protest and diligence in collecting this Revolving Loan Promissory Note.

  • This Revolving Loan Promissory Note (hereinafter, the "Note") evidences a revolving credit.

  • This Note is being executed and delivered as an amendment and restatement of an existing Revolving Loan Promissory Note executed by Borrower and dated March 10, 1998, and the execution and delivery of this Note shall not constitute a novation thereof and shall not terminate or otherwise affect the first lien and security interest of Holder in Borrower"s property.

  • From and after the date this Amendment becomes effective in accordance with Section 4 hereof, the Amended Note will be deemed to be the "Revolving Loan Promissory Note" referred to in the Financing Agreement for all purposes therein.


More Definitions of Revolving Loan Promissory Note

Revolving Loan Promissory Note has the meaning assigned in Section 1(c).
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Revolving Loan Promissory Note means the Revolving Loan Promissory Note dated as of the date hereof, made by the Company and payable to the order of CIT, in the original principal amount of $12,500,000.00, as such Note may from time to time be amended, restated, increased, extended or otherwise modified.
Sample 1
Revolving Loan Promissory Note means the Revolving Loan Promissory Note, in the form of Exhibit B-1 attached hereto, delivered by the Borrowers to the Agent and each of the Revolving Lenders to evidence the Revolving Loans made pursuant to, and repayable in accordance with, the provisions of Section 3 of this Financing Agreement.
Sample 1
Revolving Loan Promissory Note means the revolving loan promissory note in the amount of $5,000,000, dated as of July 15, 2010, made by Borrower in favor of in Lender.
Sample 1

Related to Revolving Loan Promissory Note

  • Revolving Loan Agreement means that certain Revolving Credit and Security Credit Agreement dated as of the Closing Date by and among Revolving Loan Agent, the Revolving Loan Lenders and the Loan Parties, as amended, restated or otherwise modified from time to time to the extent not prohibited by the Intercreditor Agreement.

  • Revolving Loan Note means a promissory note in the form of Exhibit 2.5-1, as it may be amended, supplemented or otherwise modified from time to time.

  • Revolving Note means a promissory note of the Borrower payable to a Lender in substantially the form of Exhibit 11.1(d) hereto, evidencing Indebtedness of the Borrower under the Revolving Loan Commitment of such Lender.

  • Line of Credit Note shall have the meaning given the term in Section 2.1.a.

  • Revolver Note means any one of such Revolver Notes.

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

  • Revolving Credit Note means a promissory note of the Borrower payable to any Revolving Credit Lender or its registered assigns, in substantially the form of Exhibit C-2 hereto, evidencing the aggregate Indebtedness of the Borrower to such Revolving Credit Lender resulting from the Revolving Credit Loans made by such Revolving Credit Lender to the Borrower.

  • Term Loan Credit Agreement has the meaning set forth in the recitals to this Agreement.

  • Revolving Loan Documents means the “Loan Documents” as defined in the Revolving Credit Agreement.

  • Credit Note means a document issued by a registered person under sub-section (1) of section 34;

  • Revolving Loan Notes means with respect to any Borrower the promissory notes of such Borrower in favor of each Lender evidencing the Revolving Loans made to such Borrower and substantially in the form of Exhibit 2.7(a), as such promissory notes may be amended, modified, supplemented or replaced from time to time.

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • Swing Loan Note means the Swing Loan Note of the Borrower in the form of Exhibit 1.1(N)(2) evidencing the Swing Loans, together with all amendments, extensions, renewals, replacements, refinancings or refundings thereof in whole or in part.

  • Revolving Loan Obligations means any Obligations with respect to the Revolving Loans (including without limitation, the principal thereof, the interest thereon, and the fees and expenses specifically related thereto).

  • Revolving Loan Commitment means the commitment of a Revolving Lender to make Revolving Loans to Company pursuant to subsection 2.1A(ii), and “Revolving Loan Commitments” means such commitments of all Revolving Lenders in the aggregate.

  • Term Loan Note means a promissory note made by the Borrower in favor of a Term Loan Lender evidencing the portion of the Term Loans made by such Term Loan Lender, substantially in the form attached as Exhibit A-3, and any substitutes therefor, and any replacements, restatements, renewals or extension thereof, in whole or in part.

  • Revolving Loan Lender means a Lender with a Revolving Credit Commitment or a Revolving Loan.

  • Funding Loan Agreement means this Funding Loan Agreement, of even date herewith, by and among the Funding Lender, the Governmental Lender and the Fiscal Agent, as it may from time to time be supplemented, modified or amended by one or more funding loan agreements, indentures or other instruments supplemental hereto entered into pursuant to the applicable provisions hereof.

  • Revolving Loan Commitments means such commitments of all Lenders in the aggregate.

  • Term Loan Agreement has the meaning assigned to such term in the recitals of this Agreement.

  • Term Loan as defined in Section 2.1.

  • Revolving Loan Account has the meaning described in Section 2.1.9 (Revolving Loan Account).

  • Revolving Credit Agreement means that certain Revolving Credit Agreement dated as of August 30, 2004 between the Company, certain of its Subsidiaries and the banks and financial institutions listed therein, as such agreement may be replaced, amended, supplemented or otherwise modified from time to time.

  • Incremental Revolving Loan Lender shall have the meaning provided in Section 2.14(b).

  • Swingline Loan Note a promissory note in the form of Exhibit H-2, as it may be amended, supplemented or otherwise modified from time to time.