Examples of New Term Note in a sentence
The New Term Note shall evidence all amounts owed by the Borrower to the Bank with respect to the Term Credit.
Each New Term Note shall represent the obligation of Borrower to pay the amount of the applicable New Term Lender’s New Term Loan Commitment, together with interest thereon.
All amounts evidenced by the New Term Note shall constitute Obligations.
Each of the Borrowers and the Guarantors hereby reaffirms and ratifies all representations, warranties and covenants contained in the Security Documents to which it is a party, and confirms that the Security Documents secure the Obligations under the New Term Note.
The Series A New Term Loans owing to the Lender by the Borrower and the maturity thereof, and all payments made on account of principal thereof, shall be recorded by the Lender and, prior to any transfer hereof, endorsed on the grid attached hereto, which is part of this Series A New Term Note; provided, however, that the failure of the Lender to make any such recordation or endorsement shall not affect the Obligations of the Borrower under this Series A New Term Note.