New Revolving Credit Notes. Upon its receipt of an Assignment and Acceptance executed by the parties to such assignment, together with each Revolving Credit Note subject to such assignment, the Administrative Agent shall (a) record the information contained therein in the Register, and (b) give prompt notice thereof to the Borrower and the Lenders (other than the assigning Lender). Within five (5) Business Days after receipt of such notice, the Borrower, at its own expense, shall execute and deliver to the Administrative Agent, in exchange for each surrendered Revolving Credit Note, a new Revolving Credit Note to the order of such Assignee in an amount equal to the amount assumed by such Assignee pursuant to such Assignment and Acceptance and, if the assigning Lender has retained some portion of its obligations hereunder, a new Revolving Credit Note to the order of the assigning Lender in an amount equal to the amount retained by it hereunder. Such new Revolving Credit Notes shall provide that they are replacements for the surrendered Revolving Credit Notes, shall be in an aggregate principal amount equal to the aggregate principal amount of the surrendered Revolving Credit Notes, shall be dated the effective date of such Assignment and Acceptance and shall otherwise be in substantially the form of the assigned Revolving Credit Notes. The surrendered Revolving Credit Notes shall be cancelled and returned to the Borrower.
New Revolving Credit Notes. Agent shall have received a Revolving Credit Note executed by US Borrower in favor of each Lender that has requested a Revolving Credit Note at least two Business Days in advance of the effective date hereof;
New Revolving Credit Notes. Upon its receipt of an Assignment and Acceptance executed by the parties to such assignment, together with each Revolving
New Revolving Credit Notes. On the Effective Date (as defined herein), the Borrower shall deliver to the Administrative Agent a new Revolving Credit Note in favor of each Revolving Credit Lender whose Revolving Credit Commitment has changed in a principal amount equal to such Lender’s new Revolving Credit Commitment (each a “New Revolving Credit Note” and, collectively, the “New Revolving Credit Notes”). Such New Revolving Credit Note shall be in substitution for each such Revolving Credit Lender’s existing Revolving Credit Note. Promptly thereafter, the Administrative Agent shall deliver to each Revolving Credit Lender whose Revolving Credit Commitment has changed such Lender’s New Revolving Credit Note, and such Lender shall return to the Administrative Agent its existing Revolving Credit Note. The Administrative Agent shall then deliver such replaced Revolving Credit Notes delivered to the Administrative Agent to the Borrower for cancellation.
New Revolving Credit Notes. Upon its receipt of an Assignment and Acceptance executed by the parties to such assignment, the Agent shall (a) record the information contained therein in the Register, and (b) give prompt notice thereof to the Borrower and the Banks (other than the assigning Bank). Within five (5) Business Days after receipt of such notice, the Borrower, at its own expense, shall execute and deliver to the Agent, an amendment to the Revolving Credit Note affected by such assignment indicating the Assignment and Acceptance. Within five (5) days of issuance of any amendment to the Revolving Credit Notes pursuant to this Section 18.4, the Borrower shall deliver an opinion of counsel, addressed to the Banks and the Agent, relating to the due authorization, execution and delivery of such amendment and the legality, validity and binding effect thereof, in form and substance satisfactory to the Banks.
New Revolving Credit Notes. The Borrower shall have executed and delivered to each Changing Bank a new Revolving Credit Note in the amount of such Changing Bank’s Revolving Credit Commitment as amended on the Second Amendment Effective Date.
New Revolving Credit Notes. Upon receipt of its New Revolving Credit Note, each Existing Bank shall return to the Administrative Agent, and the Administrative Agent shall forward to the Company for cancellation, the Existing Revolving Credit Note held by such Existing Bank.
New Revolving Credit Notes. In replacement for the outstanding Revolving Credit Notes payable to the order of each Lender (the "Existing Revolving Credit Notes") now outstanding and evidencing the Revolving Credit Loans made by the Lenders to the Company pursuant to the Credit Agreement and the other changes made hereby, the Company shall execute and deliver to each Lender a new revolving credit note in the amount of such Lender's Revolving Credit Commitment as increased hereby dated as of the date of its issuance and otherwise in the form (with appropriate insertions) annexed hereto as Exhibit A (collectively for all Lenders, the "New Revolving Credit Notes") which shall be issued in substitution and replacement for the Existing Revolving Credit Notes and shall evidence all Revolving Credit Loans now or hereafter outstanding under the Revolving Credit. All references in the Credit Agreement or in any other instrument or document referring to the Existing Revolving Credit Notes shall be deemed references to the New Revolving Credit Notes.
New Revolving Credit Notes. Borrower hereby acknowledges that it is indebted to each Revolving Credit Lender that is a payee under the Original Revolving Credit Notes in accordance with each such Revolving Credit Lender’s Original Revolving Credit Note, as same may be consolidated and modified hereby, and pursuant to the Credit Agreement. The Original Revolving Credit Notes and the Assigned Notes, as consolidated and modified hereby, shall be, and hereby are, severed, split and divided into the New Revolving Credit Notes for each of the Revolving Credit Lenders in the amount of such Revolving Credit Lender’s Revolving US_ACTIVE\121811670\V-3
New Revolving Credit Notes. In replacement for the outstanding Revolving Credit Note dated October 28, 1996 payable to the order of Harrxx Xxxst and Savings Bank ("Harrxx") xn the aggregate face principal amount of $2,142,857.14 (the "Existing Revolving Credit Note") now outstanding for Revolving Loans made by Harrxx xx the Company pursuant to the Credit Agreement and the other changes made hereby, the Company shall execute and deliver to Harrxx x xew revolving credit note in the amount of Harrxx' Xxvolving Credit Commitment and otherwise in the form (with
