Common use of Equipment Line Notes Clause in Contracts

Equipment Line Notes. Borrower’s obligation to repay each Equipment Line Loan shall be evidenced by an Equipment Line Note in substantially the form of Exhibit E to this Agreement, with blanks appropriately completed, in favor of Lender in the principal amount of such Equipment Line Loan. In addition, for any Equipment Line Note to which the Linked Deposit Program will apply, the Borrower will execute and deliver to Lender a Linked Deposit Program Equipment Line Note Rider in substantially the form of Exhibit F to this Agreement, with blanks appropriately completed.

Appears in 2 contracts

Samples: Credit Facility Agreement (Iec Electronics Corp), Credit Facility Agreement (Iec Electronics Corp)

AutoNDA by SimpleDocs

Equipment Line Notes. Borrower’s obligation to repay each new Equipment Line Loan shall be evidenced by an Equipment Line Note in substantially the form of Exhibit E to this Agreement, with blanks appropriately completed, in favor of Lender in the principal amount of such Equipment Line Loan. In addition, for any Equipment Line Note to which the Linked Deposit Program will applyapplies, the Borrower will execute has executed and deliver delivered to Lender a Linked Deposit Program Equipment Line Note Rider which is in substantially the form of Exhibit F to this Agreement, with blanks appropriately completed.

Appears in 1 contract

Samples: Credit Facility Agreement (Iec Electronics Corp)

AutoNDA by SimpleDocs

Equipment Line Notes. Borrower’s obligation to repay each Equipment Line Loan shall be evidenced by an Equipment Line Note in substantially the form of Exhibit E to this Agreement, with blanks appropriately completed, in favor of Lender in the principal amount of such Equipment Line Loan. In addition, for any Equipment Line Note to which the Linked Deposit Program will applyapplies, the Borrower will execute has executed and deliver delivered to Lender a Linked Deposit Program Equipment Line Note Rider which is in substantially the form of Exhibit F to this Agreement, with blanks appropriately completed.

Appears in 1 contract

Samples: Credit Facility Agreement (Iec Electronics Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!