Examples of Term Credit Notes in a sentence
Such notations shall be presumptive, absent manifest error, as to the aggregate unpaid principal amount of all Loans made by such Lender, and interest due thereon, but the failure by any Lender to make such notations or the inaccuracy or incompleteness of any such notations shall not affect the obligations of the Borrower hereunder or under the Term Credit Notes.
The Borrower’s obligation to repay the Loans shall be evidenced by Term Credit Notes if requested by each Lender, one such payable to the order of each such Lender.
This Agreement is, and the Term Credit Notes when delivered hereunder will be, duly executed and delivered by the Borrower and legal, valid and binding obligations of the Borrower enforceable against the Borrower in accordance with their respective terms subject to bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium or similar laws of general applicability relating to or affecting creditors’ rights and to general equity principles.
If a Comparable Licensed Product is not sold separately, Net Sales for the purpose of determining royalties of the Combination Product shall be calculated by multiplying actual Net Sales of such Combination Product by the fraction (C-B)/C, where B is the [***] price in the Territory of the Other Ingredients and C is the [***] price in the Territory of the Combination Product.
The provisions of Section 2.15 applicable to Line of Credit Loans and Line of Credit Notes and the determination of the amount of and payments of increased costs with respect thereto shall also apply to Intermediate Term Credit Loans and Intermediate Term Credit Notes, respectively, and the determination of the amount of and payment of increased costs with respect thereto.
All agreements, representations and warranties made herein shall survive the execution and delivery of this Guaranty and the Term Credit Agreement, the making of the Line of Credit Loans and the execution and delivery of the Term Credit Notes and the other Credit Documents.
Anything contained herein to the contrary notwithstanding, there shall not be more than eight LIBOR Portions applicable to the Revolving Credit Notes nor more than two LIBOR Portions applicable to the Term Credit Notes at any one time and each Bank shall have a ratable interest in each Portion.
Notwithstanding anything to the contrary contained in the Credit Agreement or the Term Credit Notes, the principal installments of the Term Loans in an aggregate amount of $12,500,000 due December 31, 2000 shall be payable in two installments each in the principal amount of $6,250,000 which shall be due and payable on March 31,2001 and April 30, 2001.
The Term Credit Loan made by each Bank to the Company shall be evidenced by a Term Credit Note (individually "Term Credit Note" and collectively the "Term Credit Notes") in the form (with appropriate insertions) annexed hereto as Exhibit C.
Payments which the Borrower is required to make pursuant to clauses (ii) through (iv), inclusive, of this Section 3.4(b) shall be first applied as and for a mandatory prepayment of the Term Credit Notes until payment in full thereof, then to the prepayment of Revolving Credit Loans until payment in full thereof, then to be held by the Administrative Agent as collateral security for the L/C Obligations up to the full amount thereof and with any balance remaining released back to the Borrower.