Borrowers’ Notes Sample Clauses

Borrowers’ Notes. (a) Each Borrowers’ obligation to pay the principal of and interest on the Loan (including Late Charges, Default Rate interest, and the Prepayment Premium, if any), shall be evidenced by this Agreement and by the Notes, duly executed and delivered by all Borrowers. The Note shall be payable as to principal, interest, Late Charges, Default Rate interest and Prepayment Premium, if any, as specified in this Agreement, with a final maturity on the Maturity Date. Borrowers shall pay all outstanding Indebtedness on the Maturity Date. (b) Lender is hereby authorized, at its option, to endorse on a schedule attached to the Notes (or on a continuation of such schedule attached to the Notes and made a part thereof) an appropriate notation evidencing the date and amount of each payment of principal, interest, Late Charges, Default Rate interest and Prepayment Premium, if any, in respect thereof, which schedule shall be made available to Borrowers, at Borrowers’ sole cost and expense on reasonable advance notice, for examination at Lender’s offices.
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Borrowers’ Notes. The obligation of Borrowers to pay the principal of and interest on the Loan and other amounts due under the Loan Documents shall be evidenced by the Notes, duly executed and delivered by Borrowers as of the Closing Date. The Notes shall be payable as to principal, interest and other amounts due under the Loan Documents, as specified in the Notes, with a final maturity on the Loan Maturity Date.
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Borrowers’ Notes. (a) Each Borrowers' obligation to pay the principal of and interest on the Loan (including Late Charges, Default Rate interest, and the Prepayment Premium, if any), shall be evidenced by this Agreement and by the Notes, duly executed and delivered by all
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Borrowers’ Notes. The indebtedness shall be evidenced by the following credit facilities: 2.1 Term Note I. Promissory Note of even date herewith in the principal face amount of THREE MILLION FIVE HUNDRED THOUSAND DOLLARS ($3,500,000.00) ("Term Note I"), which will be in form and substance and payable on the terms approved by Lender. Interest only will be paid monthly on the 15th day of each month commencing May 15, 2003, and ending on August 15, 2003. Thereafter, the Borrower will make 31 equal monthly payments on the 15th day of each month in an amount sufficient to fully amortize principal and interest on Term Note I over 72 months. Term Note I shall mature and become due on April 15, 2006, at which time, the Borrower will make a balloon payment of the entire outstanding principal balance together with all accrued interest and other charges, if any. 2.2 Term Note II. Promissory Note of even date herewith in the principal face amount of FIVE HUNDRED THOUSAND DOLLARS ($500,000.00) ("Term Note II"), which will be in form and substance and payable on the terms approved by Lender. Interest only will be paid monthly on the 15th day of each month commencing May 15, 2003, and ending on March 15, 2004. Term Note II shall mature and become due on the earlier of receipt by the Borrower of proceeds from the Private Offering in an amount equal to or greater than $1,000,000 or April 15,
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Borrowers’ Notes. (a) Each Borrower's obligation to pay the principal, interest, Late Charges, Default Rate interest and Indebtedness shall be evidenced by this Agreement, a Note, and a Related Mortgage duly executed and delivered by the relevant Borrower. The Notes shall be payable as to principal and interest (including Late Charges, Default Rate interest and Yield Maintenance Premium and Hedge Loss, if any) as specified in this Agreement, with a final maturity on the Maturity Date. The Borrowers shall pay all outstanding Indebtedness on the Maturity Date. (b) Lender is hereby authorized, at its sole option, (i) to endorse on a schedule attached to each Note (or on a continuation of such schedule attached to such Note and made a part thereof) an appropriate notation evidencing the date and amount of each payment of principal, interest, Late Charges, Default Rate interest, and Yield Maintenance Premium and Hedge Loss, if any, in respect thereof, and/or (ii) to record the Allocated Loan Amounts and such payments in its books and records.
Sample 1
Borrowers’ Notes. (a) From and after the Closing Date, the Borrowers' obligation to pay the principal of and interest on the Loan shall be evidenced by the Notes, which may be further divided into multiple Notes in connection with Assignments of portions of the Loan pursuant to Section 8.9. ----------- (b) The Administrative Agent shall maintain, or cause to be maintained, a register (the "Register") at the address to which notices to the -------- Administrative Agent are to be sent hereunder, on which it enters the name of each Lender as the registered owner of each Note held by such Xxxxxx. Any assignment or transfer of all or part of any Note may be effected by registration of such assignment or transfer on the Register, together with the surrender of the applicable Note(s) duly endorsed by (or accompanied by a written instrument of assignment or transfer duly executed by) the holder of such Note, whereupon, at the request of the designated assignee(s) or transferee(s), the applicable Borrowers shall issue one or more new Notes in the same aggregate principal amount as any Note surrendered in favor of the designated assignor(s), transferor(s), assignee(s) and/or transferee(s) (which surrendered Note shall be delivered by the Administrative Agent to the Borrowers upon the Borrowers' delivery of such new Note(s)). Notwithstanding the foregoing, any failure by the Borrowers to issue such new Note(s) shall not in any way impair the effectiveness of such assignment or transfer. Prior to the registration of assignment or transfer of any portion of the Loan (and the Note(s) evidencing the same), the Collateral Agent and the Administrative Agent shall be entitled to treat the Person in whose name such portion (and the Note(s) evidencing the same) is registered as the owner thereof for the purpose of receiving all payments thereon and for all other purposes, notwithstanding notice to the contrary. (c) Each Lender shall have the right at any time, at such Xxxxxx's sole discretion, to replace any Note held by it with two or more replacement Notes. Each replacement Note shall be in the form of the replaced Note but for its principal amount and interest rate. The principal amount of each Note shall be determined by such Lender in its sole discretion, provided that the sum of -------- the principal amounts of the replacement Notes shall equal the sum of the principal amounts of the replaced Notes. The interest rate of each replacement Note shall be determined by such Lender in its sol...
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Borrowers’ Notes. (a) Borrower's obligation to pay the principal of and interest on the Loan shall be evidenced by the Notes, duly executed and delivered by FLIP, OIP, MBP and NJA. The Notes shall be payable as to principal and interest as specified in this Agreement, with a final maturity on the Maturity Date. All outstanding Indebtedness shall be paid by Borrower on the Maturity Date. (b) Lender is hereby authorized, at its option, (i) to endorse on a schedule attached to each Note (or on a continuation of such schedule attached to each Note and made a part thereof) an appropriate notation evidencing the date and amount of each payment of principal and interest, and/or (ii) to record the Allocated Loan Amounts and such payments in its books and records. Such schedule and/or such books and records, as the case may be, shall, absent manifest error, constitute prima facie evidence of the accuracy of the information contained therein.
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Borrowers’ Notes. The indebtedness will be evidenced by the following Term Note and the Revolving Note (each as defined below) (the Term Note and the Revolving Note are referred to collectively as the "Notes"):
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Borrowers’ Notes. (a) Borrower's obligation to pay the principal of and interest on the Loan and the Yield Maintenance Premium, if any, shall be evidenced by the Notes, duly executed and delivered by FFC and FOH. The Notes shall be payable as to principal, interest and Yield Maintenance Premium, if any, as specified in this Agreement, with a final maturity on the Maturity Date. All outstanding Indebtedness shall be paid by Borrower on the Maturity Date. (b) Lender is hereby authorized, at its option, (i) to endorse on a schedule attached to each Note (or on a continuation of such schedule attached to each Note and made a part thereof) an appropriate notation evidencing the date and amount of each payment of principal, interest and Yield Maintenance Premium, if any, in respect thereof, and/or (ii) to record the Allocated Loan Amounts and such payments in its books and records. Such schedule and/or such books and records, as the case may be, shall, absent manifest error, constitute prima facie evidence of the accuracy of the information contained therein.
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Related to Borrowers’ Notes

  • Revolving Notes The Revolving Loans made by each Lender shall be evidenced by a duly executed promissory note of the Borrower to such Lender in an original principal amount equal to such Lender's Revolving Commitment Percentage of the Revolving Committed Amount and in substantially the form of Exhibit 2.1(e).

  • Credit Agreement and Notes This Agreement and the Notes executed by each party thereto;

  • Revolver Notes The Revolver Loans made by each Lender and interest accruing thereon shall be evidenced by the records of Agent and such Lender. At the request of any Lender, Borrowers shall deliver a Revolver Note to such Lender.

  • Borrower’s Loan Application Borrower shall be in default if, during the Loan application process, Borrower or any persons or entities acting at the direction of Borrower or with Borrower’s knowledge or consent gave materially false, misleading, or inaccurate information or statements to Lender (or failed to provide Lender with material information) in connection with the Loan. Material representations include, but are not limited to, representations concerning Xxxxxxxx’s occupancy of the Property as Xxxxxxxx’s principal residence.

  • 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.

  • Disbursement of Loans Not later than 1:00 p.m. (Chicago time) on the date of any requested advance of a new Borrowing, subject to Section 7 hereof, each Lender shall make available its Loan comprising part of such Borrowing in funds immediately available at the principal office of the Administrative Agent in Chicago, Illinois (or at such other location as the Administrative Agent shall designate). The Administrative Agent shall make the proceeds of each new Borrowing available to the Borrower on the date of such Borrowing as instructed by the Borrower.

  • Prepayment of Loans (a) The Borrower shall have the right at any time and from time to time up to 3:00 p.m., New York City time on any Business Day to prepay any Loan in whole or in part, subject to prior notice in accordance with paragraph (b) of this Section; provided that interest will accrue on such amount being prepaid until the next business day if such payment is received after 3:00 p.m., New York City time. (b) The Borrower shall notify the Administrative Agent (and, in the case of prepayment of a Swingline Loan or an Uncommitted Swingline Loan, the Swingline Lenders or the applicable Uncommitted Swingline Lenders, as the case may be) by telephone (confirmed by electronic communication or facsimile) of any prepayment hereunder not later than 12:00 noon, New York City time, on the date of prepayment. Each such notice shall be irrevocable and shall specify the prepayment date and the principal amount of each Borrowing or portion thereof to be prepaid; provided that, if a notice of prepayment is given in connection with a conditional notice of termination of the Commitments as contemplated by Section 2.09, then such notice of prepayment may be revoked if such notice of termination is revoked in accordance with Section 2.09. Promptly following receipt of any such notice relating to a Revolving Borrowing, the Administrative Agent shall advise the Lenders of the contents thereof. Each partial prepayment of any Revolving Borrowing shall be in an amount that would be permitted in the case of an advance of a Revolving Borrowing of the same Type as provided in Section 2.02. Each prepayment of a Revolving Borrowing shall be applied ratably to the Loans included in the prepaid Borrowing. Prepayments shall be accompanied by accrued interest to the extent required by Section 2.13.

  • Prepayments of Loans Other than in respect of Swingline Loans, the repayment of which is governed pursuant to Section 2.02(b), subject to Section 2.12, the Borrower may (i) upon at least one (1) Business Day’s notice to the Administrative Agent, prepay any Base Rate Borrowing or (ii) upon at least three (3) Business Days’ notice to the Administrative Agent, prepay any Euro-Dollar Borrowing, in each case in whole at any time, or from time to time in part in amounts aggregating $10,000,000 or any larger integral multiple of $1,000,000, by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Lenders included in such Borrowing.

  • Borrowing Mechanics for Revolving Loans (i) Except pursuant to Section 2.4(d), Revolving Loans that are Base Rate Loans shall be made in an aggregate minimum amount of $5,000,000 and integral multiples of $1,000,000 in excess of that amount, Revolving Loans that are Eurodollar Rate Loans shall be in an aggregate minimum amount of $5,000,000 and integral multiples of $1,000,000 in excess of that amount. (ii) Subject to Section 3.3(b), whenever Borrower desires that Lenders make Revolving Loans, Borrower shall deliver to Administrative Agent a fully executed and delivered Funding Notice no later than 1:00 p.m. (New York City time) at least three Business Days in advance of the proposed Credit Date in the case of a Eurodollar Rate Loan and at least one Business Day in advance of the proposed Credit Date in the case of a Revolving Loan that is a Base Rate Loan. (iii) Notice of receipt of each Funding Notice in respect of Revolving Loans, together with the amount of each Lender’s Pro Rata Share thereof, if any, together with the applicable interest rate, shall be provided by Administrative Agent to each applicable Lender by telefacsimile with reasonable promptness, but (provided Administrative Agent shall have received such notice by 1:00 p.m. (New York City time)) not later than 2:00 p.m. (New York City time) on the same day as Administrative Agent’s receipt of such Notice from Borrower. (iv) Each Lender shall make the amount of its Revolving Loan available to Administrative Agent not later than 12:00 p.m. (New York City time) on the applicable Credit Date by wire transfer of same day funds in Dollars, at the Principal Office designated by Administrative Agent. Except as provided herein, upon satisfaction or waiver of the conditions precedent specified herein, Administrative Agent shall make the proceeds of such Revolving Loans available to Borrower on the applicable Credit Date by causing an amount of same day funds in Dollars, equal to the proceeds of all such Revolving Loans received by Administrative Agent from Lenders to be credited to the account of Borrower at the Principal Office designated by Administrative Agent or such other account as may be designated in writing to Administrative Agent by 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.

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