Examples of Swing Loan Note in a sentence
The Swing Loan Note shall be payable to the order of the Swing Loan Lender in the principal face amount equal to the Swing Loan Commitment and shall be payable as set forth below.
The outstanding amount of the Swing Loans set forth on the Swing Loan Lender’s Record shall be prima facie evidence of the principal amount thereof owing and unpaid to the Swing Loan Lender, but the failure to record, or any error in so recording, any such amount on the Swing Loan Lender’s Record shall not limit or otherwise affect the obligations of the Borrower hereunder or under the Swing Loan Note to make payments of principal of or interest on any Swing Loan Note when due.
As of September 7, 2015, the outstanding balance on the Revolving Note was approximately $154,067,263 and the outstanding balance on the Swing Loan Note was $0 (together, the “PNC Obligations”).
A Swing Loan Note shall, if required by the Swing Loan Lender, shall evidence the Swing Loans.
The Swing Loan Note shall be payable to the order of the Swing Loan Lender in the principal face amount equal to the Swing Loan Commitment, or, if less, the outstanding amount of all Swing Loans, and shall be payable as set forth below.