Term Credit Note definition

Term Credit Note means a promissory note of the Borrower payable to the order of any Lender, in substantially the form of Exhibit A hereto, evidencing the aggregate indebtedness of the Borrower to such Lender resulting from the Term Credit Advance made by such Lender.

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Term Credit Note and "Term Credit Notes" shall have the meanings specified in Section 1.2(a) hereof.

Term Credit Note is defined in Section 1.3 hereof.

Examples of Term Credit Note in a sentence

• The Borrower shall have delivered to the Administrative Agent a duly executed Term Credit Note for each Lender that requests a Term Credit Note.

• All interest and fees charged hereunder with respect to all Intermediate Term Credit Advances, Intermediate Term Credit Loans and the Intermediate Term Credit Facility Fees and each Intermediate Term Credit Note shall be calculated based on a year of 360 days and the actual number of days elapsed.

• If at any time the interest rate hereunder or under any Intermediate Term Credit Note exceeds the highest lawful rate, interest shall accrue at the highest lawful rate.

• The amount of each installment due on the Term Credit Note held by each Lender shall be a pro rata part (based on the relationship which its Term Credit Commitment bears to the total Term Credit Commitments) of each such aggregate amount.

• If at any time any payment of the Term Credit Loans or any other amount payable by Borrower under this Agreement, the Term Credit Note or other Credit Documents is rescinded or must otherwise be restored or returned upon the insolvency, bankruptcy or reorganization of Borrower or otherwise, Parent's obligation under this Article VIII with respect to such payment shall be reinstated at such time as though such payment had become due but not been made at such time.

• The Term Loan One shall be evidenced by a Term Credit Note One of the Company (the "Term Credit Note One") payable to the order of the Bank in the amount of $4,600,000, such Term Credit Note One to be in the form attached hereto as Exhibit B-1.

• This Term Credit Note shall be governed by and construed in accordance with the law of the State of New York.

• The rights and remedies herein expressly provided are cumulative and not exclusive of any rights or remedies which the Lender or the holder of any Term Credit Note would otherwise have.

• No notice to or demand on any Credit Party not required hereunder or under any other Credit Document in any case shall entitle any Credit Party to any other or further notice or demand in similar or other circumstances or constitute a waiver of the rights of the Lender or the holder of any Term Credit Note to any other or further action in any circumstances without notice or demand.

• The Term Credit Note Two shall be expressed to mature in eight (8) semi-annual installments of principal, commencing on November 30, 1996 and continuing on the last day of each May and November occurring thereafter to and including May 31, 2000, with the first seven (7) installments to be in the amount of $286,000 and with the final installment to be in the amount of $1,998,000.

More Definitions of Term Credit Note

Term Credit Note or "Note" shall mean that certain promissory note evidencing the Term Credit Loans in substantially the form of Exhibit B attached hereto.

Term Credit Note means any of the Term Credit Notes.

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