Committed Notes. The Company's obligation to repay the Committed Loans shall be evidenced by Committed Notes, one such Committed Note payable to the order of each Bank. The Committed Note of each Bank shall (i) be in the principal amount of such Bank's Commitment, (ii) be dated the date of the initial Committed Loan and (iii) be stated to mature on the Termination Date as such date may be extended hereunder and bear interest from its date until maturity on the principal balance (from time to time outstanding thereunder) payable at the rates and in the manner provided herein. Each Bank is authorized to indicate upon the grid attached to its Committed Note all Committed Loans made by it pursuant to this Agreement, interest elections and payments of principal and interest thereon. Such notations shall be presumptive as to the aggregate unpaid principal amount of all Committed Loans made by such Bank, and interest due thereon, but the failure by any Bank to make such notations or the inaccuracy or incompleteness of any such notations shall not affect the obligations of the Company hereunder or under the Committed Notes.
Committed Notes. The Committed Loans of each Bank shall be evidenced by a Committed Note payable to the order of such Bank in the original principal amount of such Bank's Commitment. Each Bank shall record in its records, or at its option on the schedule attached to its Committed Note, the date and amount of each Loan made by such Bank thereunder, each repayment or prepayment thereof, and, if applicable, the dates on which the Loan Period for such Loan shall begin and end. The aggregate unpaid principal amount so recorded shall be rebuttable presumptive evidence of the principal amount owing and unpaid on such Note. The failure to so record or any error in so recording any such amount or any payment thereof shall not, however, limit or otherwise affect the obligations of the Company hereunder or under such Committed Note to repay the principal amount of each Committed Loan together with all interest accruing thereon.
Committed Notes. The Committed Loans made by each Lender shall be evidenced by a duly executed promissory note of the Borrower to each Lender in substantially the form of Schedule 2.1(e).
Committed Notes. Borrowers’ obligations under the Committed Loans shall be evidenced by Committed Notes in favor of the respective Lenders in the form included as Schedule 2.5 hereto payable to each Lender for its Revolving Credit Commitment.
Committed Notes. The Revolving Loans shall be evidenced by a duly executed Committed Note in favor of each Lender.
Committed Notes. Each Bank shall deliver its prior Committed --------------- Note against receipt of this replacement Committed Note hereunder.
Committed Notes. 28 2.06. Maturity of Committed Loans........................................29 2.07.
Committed Notes. The Committed Loans of each Bank shall be evidenced by a Committed Note payable to the order of such Bank in the original principal amount of such Bank's Commitment. Each Bank shall record in its records, or at its option on
Committed Notes. (a) The Committed Loans of each Bank --------------- shall be evidenced by a single Committed Note payable to the order of such Bank for the account of its Applicable Lending Office in an amount equal to such Bank's Commitment.
(b) Upon receipt of each Bank's Committed Note pursuant to Section 3.01, the Administrative Agent shall send by overnight mail such Committed Note to such Bank. Each Bank shall record the date, amount and maturity of each Committed Loan made by it and the date and amount of each payment of principal made by the Borrower with respect thereto, and prior to any transfer of its Committed Note shall endorse on the schedule forming a part thereof appropriate notations to evidence the foregoing information with respect to each such Committed Loan then outstanding; provided, however, that the failure of any Bank to make any such -------- ------- recordation or endorsement shall not affect the obligations of the Borrower hereunder or under the Committed Notes. Each Bank is hereby irrevocably authorized by the Borrower so to endorse its Committed Note and to attach to and make a part of its Committed Note a continuation of any such schedule as and when required.
Committed Notes. A duly executed promissory note, drawn to the order of each Bank, in the form of Exhibit"A" attached hereto with appropriate insertions.
