Competitive Loan Notes Clause Samples

Competitive Loan Notes. The Competitive Loans shall be evidenced by a duly executed promissory note of the Borrower to each Lender in an original principal amount equal to the Total Committed Amount and substantially in the form of Schedule 2.2(i).

Competitive Loan Notes. (a) The Competitive Loans made by each Competitive Loan Lender pursuant hereto shall be evidenced by a promissory note of the Company, substantially in the form of Exhibit F-1 (collectively, the "Grid Competitive Loan Notes"), with appropriate insertions therein as to principal amount, payable to the order of such Lender and representing the obligation of the Company to pay a principal amount equal to the lesser of (i) the aggregate Revolving Credit Commitments and (ii) the aggregate unpaid principal amount of all Competitive Loans made by such Competitive Loan Lender, with interest thereon as prescribed in subsection 3.1. Each Competitive Loan Lender is hereby authorized to record the date, amount, interest rate, Interest Payment Dates and Competitive Loan Maturity Date of each Competitive Loan made by such Competitive Loan Lender and each payment of principal with respect thereto on the schedule annexed to and constituting a part of its Grid Competitive Loan Note, and any such recordation shall constitute prima facie evidence of the accuracy of the information so recorded; provided that failure by any Lender to make any such recordation on such Grid Competitive Loan Note shall not affect any of the obligations of the Company under such Grid Competitive Loan Note or this Agreement. Each Grid Competitive Loan Note shall be dated the Effective Date and each Competitive Loan evidenced thereby shall bear interest, payable as specified in subsection 3.1, for the period from the date thereof on the unpaid principal amount thereof from time to time outstanding at the interest rate per annum specified in subsection 3.1 until paid in full. (b) Amounts advanced by a Competitive Loan Lender pursuant to subsection 2.13 on a Borrowing Date which have the same maturity date and interest rate shall be deemed to constitute one Competitive Loan so long as such amounts remain evidenced by the Grid Competitive Loan Note of such Competitive Loan Lender; any such Competitive Loan Lender that wishes such amounts to constitute more than one Competitive Loan and to have each such Competitive Loan evidenced by a separate promissory note payable to such Competitive Loan Lender, substantially in the form of Exhibit F-2 with appropriate insertions as to Borrowing Date, principal amount and interest rate (an "Individual Competitive Loan Note"), shall notify the Administrative Agent and the Company by facsimile transmission of the respective principal amounts of the Competitive Loans ...

Competitive Loan Notes. The Competitive Loans made by each Bank shall be evidenced by the Revolving Note of the Borrower to such Bank substantially in the form of Exhibit 2.1(e).

Competitive Loan Notes. 24 2.15 Procedure for Competitive Loan Borrowing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24 2.16

Competitive Loan Notes. The Competitive Loans made by each Lender ---------------------- shall be evidenced by a duly executed promissory note of the Borrowers to such Lender in an original principal amount equal to the Competitive Loan Maximum Amount and substantially in the form of Exhibit 2.2(h). --------------

Competitive Loan Notes. Competitive Loans shall be evidenced by the Competitive Notes duly executed and delivered to the Banks.