Revolving Note definition
Examples of Revolving Note in a sentence
If at any time the rate of interest specified in the Revolving Note would exceed the Maximum Rate but for the provisions thereof limiting interest to the Maximum Rate, then any subsequent reduction shall not reduce the rate of interest on the Revolving Loans below the Maximum Rate until the aggregate amount of interest accrued on the Revolving Loans equals the aggregate amount of interest which would have accrued on the Revolving Loans if the interest rate had not been limited by the Maximum Rate.
The obligation of Borrower to repay the Revolving Loans and interest thereon shall be evidenced by the Revolving Note.
Upon the request of any ▇▇▇▇▇▇ made through the Administrative Agent, the Borrowers shall execute and deliver to such Lender (through the Administrative Agent) a Revolving Note or a Term Loan Note, as the case may be, which shall evidence such ▇▇▇▇▇▇’s Loans in addition to such accounts or records.
Borrower must pay on DEMAND the amount by which at any time the unpaid principal balance of the Revolving Note exceeds the lesser of the Commitment and the Borrowing Base.
The unpaid principal amount of the Revolving Note shall, subject to the following sentence, bear interest as provided in the Revolving Note.