Examples of Subject Note in a sentence
Each change in the interest rate payable on each Subject Note due to a change in the Reference Rate shall take place simultaneously with the corresponding change in the Reference Rate.
Any reference in any Subject Note to any Loan Agreement or Credit Agreement shall be deemed to be a reference to this Credit Agreement, as it may from time to time be amended, modified, supplemented or restated.
Whenever any payment to be made by or to the Lender or other holder(s) of any Subject Note shall otherwise be due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day, and such extension of time shall be included in computing the fees or interest payable on such next succeeding Business Day.
In addition, the Borrower shall be obligated to pay $25.00 with respect to any installment on any Subject Note paid after the date it is due, to compensate Lender for the administrative expenses associated with such past-due payments, subject to the maximum allowable late payment under North Dakota law.
Any conflict between the terms of any Subject Note, and the terms of this Credit Agreement shall be resolved in favor of the terms of this Credit Agreement.