The Term Loan Note Sample Clauses

The Term Loan Note. The Term Loan is evidenced by a promissory note (the "Term Loan Note") in the form of Exhibit "B". The Term Loan Note does not supersede or extinguish, and is not in replacement of, the Demand Note, which remains in full force and effect.
Sample 1
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The Term Loan Note. The Term Loan shall be evidenced by a single promissory note of Borrower substantially in the form of Exhibit A-2, with appropriate insertions, payable to the order of the Bank and representing the obligation of Borrower to pay the unpaid principal amount of the Term Loan, with interest thereon as described herein. The Term Loan Note shall (a) be dated the date hereof, (b) provide for repayment in 60 equal consecutive monthly installments of principal, be payable on the first day of each month commencing on September 1, 1998 and ending on the Term Loan Maturity Date, and (c) bear interest, payable monthly on the first date of each month (beginning August 1, 1998) for a period from the date hereof on the unpaid principal amount thereof at the applicable rates per annum specified herein. All accrued and unpaid interest and fees shall be due and payable on the Term Loan Maturity Date.
Sample 1
The Term Loan Note. The Term Loan will be evidenced by this agreement and a promissory note in a form provided by Lender (the "Term Loan Note").
Sample 1
The Term Loan Note. (a) The DIP Term Loan shall be evidenced by a promissory note of the Borrower in substantially the form of EXHIBIT G hereto (the "DIP Term Loan Note"), dated the Effective Date and completed with appropriate insertions. The DIP Term Loan Note shall be payable to the order of the Term Loan Lender in a principal amount equal to $10,000,000 and representing the obligation of the Borrower to pay to the Term Loan Lender such principal amount or, if less, the outstanding amount of the DIP Term Loan, plus interest accrued thereon, as set forth below.
Sample 1
The Term Loan Note. Contemporaneously herewith, Borrower shall execute and deliver to Bank its term promissory note in the principal sum of One Million Nine Hundred Sixty Thousand ($1,960,000.00) Dollars (the "Term Loan Note") to evidence Borrower's Obligations to repay Bank, with interest at the applicable Rate, the principal sum of the Term Loan in thirty-five (35) equal and consecutive monthly installments of principal in the amount of Thirty-Two Thousand Six Hundred Sixty-Six and 67/100 ($32,666.67) Dollars each, plus interest as set forth herein and in the Term Loan Note, payable monthly, in arrears, commencing on February 1, 1998 and continuing on the first day of each month thereafter during the term of this Agreement, followed by a final, consecutive thirty-sixth (36th) installment of all principal, interest and other sums owing in connection with the Term Loan, which final installment shall be due and payable on the Expiration Date, unless the Term Loan is sooner accelerated in accordance with the provisions of this Agreement, all as more fully described in the Term Loan Note, the terms, covenants and conditions of which are hereby deemed incorporated herein by this reference and made a part hereof. The Term Loan Note replaces and supersedes (but does not extinguish any unpaid Obligations evidenced by or constitute a novation of) the Existing Term Loan Note
Sample 1
The Term Loan Note. The Term Loan shall be evidenced by, and payable with interest in accordance with, the Borrower's promissory note of even date herewith, payable to the order of the Bank in the original principal amount of $4,500,000 and otherwise in substance and form acceptable to the Bank in its sole discretion, as attached hereto as Exhibit A (as the same may hereafter be extended, renewed, amended or replaced from time to time, the "Term Loan Note").
Sample 1
The Term Loan Note. At the time of the making of the Term Loan, Xxxxxxxx will execute and deliver a Term Loan Note to Bank.
Sample 1
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Related to The Term Loan Note

  • Term Loan Note A promissory note made by the Borrower in favor of a Term Loan Lender in the principal face amount equal to such Term Loan Lender’s Term Loan Commitment, in substantially the form of Exhibit B hereto.

  • Swing Loan Note The obligation of the Borrower to repay the unpaid principal amount of the Swing Loans made to it by PNC Bank together with interest thereon shall be evidenced by a demand promissory note of the Borrower dated the Closing Date in substantially the form attached hereto as Exhibit 1.1(S) payable to the order of PNC Bank in a face amount equal to the Swing Loan Commitment.

  • Term Loan Notes If so requested by any Lender by written notice to Borrower (with a copy to Administrative Agent) at least two (2) Business Days prior to the Closing Date, or at any time thereafter, Borrower shall execute and deliver to such Lender (and/or, if applicable and if so specified in such notice, to any Person who is an assignee of such Lender pursuant to Section 10.6) on the Closing Date (or, if such notice is delivered after the Closing Date, promptly after Borrower’s receipt of such notice) a Term Loan Note or Term Loan Notes to evidence such Lender’s Term Loans to such Borrower.

  • Revolving Loan Notes The Revolving Loans made by the Lenders to a Borrower shall be evidenced, upon request by any Lender, by a promissory note of such Borrower payable to each Lender in substantially the form of Exhibit 2.7(a) hereto (the “Revolving Loan Notes”) and in a principal amount equal to the amount of such Lender’s Commitment Percentage of the Revolving Loan Commitment as originally in effect.

  • Term Loan Advance Subject to Section 2.4(b), the principal amount outstanding under the Term Loan Advance shall accrue interest at a floating per annum rate equal to the greater of (A) six and one half of one percent (6.50%) and (B) one and one-half of one percent (1.50%) above the Prime Rate, which interest, in each case, shall be payable monthly in accordance with Section 2.4(e) below.

  • Line of Credit Note Xxxxxxxx's obligation to repay advances under the Line of Credit shall be evidenced by a promissory note substantially in the form of Exhibit A attached hereto ("Line of Credit Note"), all terms of which are incorporated herein by this reference.

  • Term Loan B Subject to the terms and conditions of this Agreement, each Term Loan B Lender, severally and not jointly, will make a term loan to Borrowers in the amount equal to such Term Loan B Lender’s Term Loan B Commitment Percentage of $21,500,000 (the “Term Loan B”). The Term Loan B shall be advanced on the Closing Date and shall be, with respect to principal, payable as follows, subject to acceleration upon the occurrence of an Event of Default under this Agreement or termination of this Agreement: on or before the date that is forty-five (45) days after the last day of each fiscal quarter (each a “True-Up Date”), commencing with the fiscal quarter ending March 31, 2017 and continuing thereafter through and including the last such date occurring immediately prior to the end of the Term, Borrowers shall repay the Term Loan B in an amount equal to the greater of (x) $537,500 and (y) the Term Loan B Lenders Pro Rata Share of the lesser of (I) 50% of Excess Cash Flow for the most recently ended prior fiscal quarter for which financial statements were delivered to Agents and (II) 50% of the Maximum True Up Amount (provided that Borrowers shall pay the amount set forth in the foregoing clause (x) no later than the first Business Day following the last day of each fiscal quarter, commencing with the fiscal quarter ending March 31, 2017 and continuing thereafter through and including the last such date occurring immediately prior to the end of the Term (it being understood and agreed that if the amount calculated pursuant to the foregoing clause (y) for each such period exceeds the amount set forth in the foregoing clause (x), the difference thereof (if any) shall be paid by Borrowers no later than the applicable True-Up Date)), followed by a final payment of all unpaid principal, accrued and unpaid interest and all unpaid fees and expenses upon expiration of the Term. The Term Loan B shall be evidenced by one or more Term Notes. Term Loan B shall consist of LIBOR Rate Index Loans only.

  • Term Loan Agreement An Event of Default (as defined in the Term Loan Agreement) shall occur.

  • Term Loan A Subject to the terms and conditions set forth herein, the Lenders will make advances of their respective Term Loan A Commitment Percentages of a term loan (the “Term Loan A”) in an amount not to exceed the Term Loan A Commitment, which Term Loan A will be disbursed to the Borrower in Dollars in a single advance on the Closing Date. The Term Loan A may consist of Base Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Amounts repaid on the Term Loan A may not be reborrowed.

  • Term Note The Term Loan shall be evidenced by the Term Note. At the time of the disbursement of the Term Loan or a repayment made in whole or in part thereon, a notation thereof shall be made on the books and records of the Bank. All amounts recorded shall be, absent demonstrable error, conclusive and binding evidence of (i) the principal amount of the Term Loan advanced hereunder, (ii) any accrued and unpaid interest owing on the Term Loan and (iii) all amounts repaid on the Term Loan. The failure to record any such amount or any error in recording such amounts shall not, however, limit or otherwise affect the joint and several obligations of the Borrowers under the Term Note to repay the principal amount of the Term Loan, together with all interest accruing thereon.

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