Common use of Form of Revolving Notes Clause in Contracts

Form of Revolving Notes. The Revolving Loan shall be evidenced by a Revolving Note or Notes in the aggregate face amount of C$250,000,000, and shall be in the form of Exhibit "B" hereto with appropriate insertions. Notwithstanding the face amount of the Revolving Notes, the actual principal amount due from the Borrower to Lenders on account of the Revolving Notes, as of any date of computation, shall be the sum of Advances then and theretofore made on account thereof, less all principal payments actually received by Lenders in collected funds with respect thereto. Although the Revolving Notes may be dated as of the Effective Date, interest in respect thereof shall be payable only for the period during which the Loans evidenced thereby are outstanding and, although the stated amount of the Revolving Notes may be higher, the Revolving Notes shall be enforceable, with respect to Borrower's obligation to pay the principal amount thereof, only to the extent of the unpaid principal amount of the Revolving Loans. Irrespective of the face amount of the Revolving Notes, no Lender shall ever be obligated to advance on the Revolving Commitment any amount in excess of its Revolving Commitment Percentage then in effect.

Appears in 1 contract

Samples: Credit Agreement (Exco Resources Inc)

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Form of Revolving Notes. The Revolving Loan shall be evidenced by a Revolving Note or Notes in the aggregate face amount of C$250,000,000$25,000,000, and shall be in the form of Exhibit "B" hereto with appropriate insertionsinsertions (each a "Revolving Note"). Notwithstanding the face amount of the Revolving Notes, the actual principal amount due from the Borrower Borrowers to Lenders Banks on account of the Revolving Notes, as of any date of computation, shall be the sum of Advances then and theretofore made on account thereof, less all principal payments actually received by Lenders Banks in collected funds with respect thereto. Although the Revolving Notes may be dated as of the Effective Date, interest in respect thereof shall be payable only for the period during which the Loans loans evidenced thereby are outstanding and, although the stated amount of the Revolving Notes may be higher, the Revolving Notes shall be enforceable, with respect to Borrower's Borrowers' obligation to pay the principal amount thereof, only to the extent of the unpaid principal amount of the Revolving Loansloans. Irrespective of the face amount of the Revolving Notes, no Lender Bank shall ever be obligated to advance on the Revolving Commitment any amount in excess of its Revolving Commitment Percentage then in effect.

Appears in 1 contract

Samples: Credit Agreement (Continental Resources Inc)

Form of Revolving Notes. The Revolving Loan shall be evidenced by a Revolving Note or Notes in the aggregate face amount of C$250,000,000$33,000,000, and shall be in the form of Exhibit "BB-1" hereto with appropriate insertionsinsertions (each a "Revolving Note"). Notwithstanding the face amount of the Revolving Notes, the actual principal amount due from the Borrower Borrowers to Lenders Banks on account of the Revolving Notes, as of any date of computation, shall be the sum of Advances then and theretofore made on account thereof, less all principal payments actually received by Lenders Banks in collected funds with respect thereto. Although the Revolving Notes may be dated as of the Effective Date, interest in respect thereof shall be payable only for the period during which the Loans loans evidenced thereby are outstanding and, although the stated amount of the Revolving Notes may be higher, the Revolving Notes shall be enforceable, with respect to Borrower's Borrowers' obligation to pay the principal amount thereof, only to the extent of the unpaid principal amount of the Revolving Loansloans. Irrespective of the face amount of the Revolving Notes, no Lender Bank shall ever be obligated to advance on the Revolving Commitment any amount in excess of its Revolving Commitment Percentage then in effect.

Appears in 1 contract

Samples: Credit Agreement (Continental Resources Inc)

Form of Revolving Notes. The Revolving Loan shall be evidenced by a Revolving Note or Notes in the aggregate face amount of C$250,000,000$124,000,000, and shall be in the form of Exhibit "B" hereto with appropriate insertions. Notwithstanding the face amount of the Revolving Notes, the actual principal amount due from the Borrower to Lenders on account of the Revolving Notes, as of any date of computation, shall be the sum of Advances then and theretofore made on account thereof, less all principal payments actually received by Lenders in collected funds with respect thereto. Although the Revolving Notes may be dated as of the Effective Date, interest in respect thereof shall be payable only for the period during which the Loans loans evidenced thereby are outstanding and, although the stated amount of the Revolving Notes may be higher, the Revolving Notes shall be enforceable, with respect to Borrower's obligation to pay the principal amount thereof, only to the extent of the unpaid principal amount of the Revolving Loans. Irrespective of the face amount of the Revolving Notes, no Lender shall ever be obligated to advance on the Revolving Commitment any amount in excess of its Revolving Commitment Percentage then in effect.

Appears in 1 contract

Samples: Credit Agreement (Exco Resources Inc)

Form of Revolving Notes. The Revolving Loan shall be evidenced by a Revolving Note or Notes in the aggregate face amount of C$250,000,000$45,700,000, and shall be in the form of Exhibit "BB-1" hereto with appropriate insertionsinsertions (each a "Revolving Note"). Notwithstanding the face amount of the Revolving Notes, the actual principal amount due from the Borrower Borrowers to Lenders Banks on account of the Revolving Notes, as of any date of computation, shall be the sum of Advances then and theretofore made on account thereof, less all principal payments actually received by Lenders Banks in collected funds with respect thereto. Although the Revolving Notes may be dated as of the Effective Date, interest in respect thereof shall be payable only for the period during which the Loans loans evidenced thereby are outstanding and, although the stated amount of the Revolving Notes may be higher, the Revolving Notes shall be enforceable, with respect to Borrower's Borrowers' obligation to pay the principal amount thereof, only to the extent of the unpaid principal amount of the Revolving Loansloans. Irrespective of the face amount of the Revolving Notes, no Lender Bank shall ever be obligated to advance on the Revolving Commitment any amount in excess of its Revolving Commitment Percentage then in effect.

Appears in 1 contract

Samples: Credit Agreement (Continental Resources Inc)

Form of Revolving Notes. The Revolving Loan shall be evidenced by a Revolving Note or Notes in the aggregate face amount of C$250,000,000$77,500,000 Canadian, and shall be in the form of Exhibit "B" hereto with appropriate insertions. Notwithstanding the face amount of the Revolving Notes, the actual principal amount due from the Borrower to Lenders on account of the Revolving Notes, as of any date of computation, shall be the sum of Advances then and theretofore made on account thereof, less all principal payments actually received by Lenders in collected funds with respect thereto. Although the Revolving Notes may be dated as of the Effective Date, interest in respect thereof shall be payable only for the period during which the Loans loans evidenced thereby are outstanding and, although the stated amount of the Revolving Notes may be higher, the Revolving Notes shall be enforceable, with respect to Borrower's obligation to pay the principal amount thereof, only to the extent of the unpaid principal amount of the Revolving Loans. Irrespective of the face amount of the Revolving Notes, no Lender shall ever be obligated to advance on the Revolving Commitment any amount in excess of its Revolving Commitment Percentage then in effect.

Appears in 1 contract

Samples: Credit Agreement (Exco Resources Inc)

Form of Revolving Notes. The Revolving Loan shall be evidenced by a Revolving Note or Notes in the aggregate face amount of C$250,000,000$175,000,000, and shall be in the form of Exhibit "B" hereto with appropriate insertionsinsertions (each a "Revolving Note"). Notwithstanding the face amount of the Revolving Notes, the actual principal amount due from the Borrower Borrowers to Lenders Banks on account of the Revolving Notes, as of any date of computation, shall be the sum of Advances then and theretofore made on account thereof, less all principal payments actually received by Lenders Banks in collected funds with respect thereto. Although the Revolving Notes may be dated as of the Effective Date, interest in respect thereof shall be payable only for the period during which the Loans loans evidenced thereby are outstanding and, although the stated amount of the Revolving Notes may be higher, the Revolving Notes shall be enforceable, with respect to Borrower's Borrowers' obligation to pay the principal amount thereof, only to the extent of the unpaid principal amount of the Revolving Loansloans. Irrespective of the face amount of the Revolving Notes, no Lender Bank shall ever be obligated to advance on the Revolving Commitment any amount in excess of its Revolving Commitment Percentage then in effect.

Appears in 1 contract

Samples: Credit Agreement (Continental Crude Co)

Form of Revolving Notes. The Revolving Loan shall be evidenced by a Revolving Note or Notes in the aggregate face amount of C$250,000,000$124,000,000, and shall be in the form of Exhibit "B" hereto with appropriate insertions. Notwithstanding the face amount of the Revolving Notes, the actual principal amount due from the Borrower Borrowers to Lenders on account of the Revolving Notes, as of any date of computation, shall be the sum of Advances then and theretofore made on account thereof, less all principal payments actually received by Lenders in collected funds with respect thereto. Although the Revolving Notes may be dated as of the Effective Date, interest in respect thereof shall be payable only for the period during which the Loans loans evidenced thereby are outstanding and, although the stated amount of the Revolving Notes may be higher, the Revolving Notes shall be enforceable, with respect to Borrower's Borrowers' obligation to pay the principal amount thereof, only to the extent of the unpaid principal amount of the Revolving Loans. Irrespective of the face amount of the Revolving Notes, no Lender shall ever be obligated to advance on the Revolving Commitment any amount in excess of its Revolving Commitment Percentage then in effect.

Appears in 1 contract

Samples: Credit Agreement (Exco Resources Inc)

Form of Revolving Notes. The Revolving Loan shall be evidenced ----------------------- by by a Revolving Note or Notes in the aggregate face amount of C$250,000,000$100,000,000, and shall be in the form of Exhibit "B" hereto with appropriate insertionsinsertions (each a "Note"). Notwithstanding the face amount of the Revolving Notes, the actual principal amount due from the Borrower to Lenders Banks on account of the Revolving Notes, as of any date of computation, shall be the sum of Advances then and theretofore made on account thereof, less all principal payments actually received by Lenders Banks in collected funds with respect thereto. Although the Revolving Notes may be dated as of the Effective Date, interest in respect thereof shall be payable only for the period during which the Loans loans evidenced thereby are outstanding and, although the stated amount of the Revolving Notes may be higher, the Revolving Notes shall be enforceable, with respect to Borrower's obligation to pay the principal amount thereof, only to the extent of the unpaid principal amount of the Revolving Loansloans. Irrespective of the face amount of the Revolving Notes, no Lender Bank shall ever be obligated to advance on the Revolving Commitment any amount in excess of its Revolving Commitment Percentage then in effect.

Appears in 1 contract

Samples: Credit Agreement (Cmi Corp)

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Form of Revolving Notes. The Revolving Loan shall be evidenced ----------------------- by a Revolving Note or Notes in the aggregate face amount of C$250,000,000$25,000,000, and shall be in the form of Exhibit "B" hereto with appropriate insertionsinsertions (each a "Revolving Note"). Notwithstanding the face amount of the Revolving Notes, the actual principal amount due from the Borrower to Lenders Banks on account of the Revolving Notes, as of any date of computation, shall be the sum of Advances then and theretofore made on account thereof, less all principal payments actually received by Lenders Banks in collected funds with respect thereto. Although the Revolving Notes may be dated as of the Effective Date, interest in respect thereof shall be payable only for the period during which the Loans Loan evidenced thereby are outstanding and, although the stated amount of the Revolving Notes may be higher, the Revolving Notes shall be enforceable, with respect to Borrower's obligation to pay the principal amount thereof, only to the extent of the unpaid principal amount of the Revolving LoansLoan. Irrespective of the face amount of the Revolving Notes, no Lender Bank shall ever be obligated to advance on the Revolving Commitment any amount in excess of its Revolving Commitment Percentage then in effect.

Appears in 1 contract

Samples: Credit Agreement (Wiser Oil Co)

Form of Revolving Notes. The Revolving Loan shall be evidenced by a Revolving Note or Notes in the aggregate face amount of C$250,000,000$100,000,000, and shall be in the form of Exhibit "B" hereto with appropriate insertionsinsertions (each a "Revolving Note"). Notwithstanding the face amount of the Revolving Notes, the actual principal amount due from the Borrower Borrowers to Lenders Banks on account of the Revolving Notes, as of any date of computation, shall be the sum of Advances then and theretofore made on account thereof, less all principal payments actually received by Lenders Banks in collected funds with respect thereto. Although the Revolving Notes may be dated as of the Effective Date, interest in respect thereof shall be payable only for the period during which the Loans loans evidenced thereby are outstanding and, although the stated amount of the Revolving Notes may be higher, the Revolving Notes shall be enforceable, with respect to Borrower's Borrowers' obligation to pay the principal amount thereof, only to the extent of the unpaid principal amount of the Revolving Loansloans. Irrespective of the face amount of the Revolving Notes, no Lender Bank shall ever be obligated to advance on the Revolving Commitment any amount in excess of its Revolving Commitment Percentage then in effect.

Appears in 1 contract

Samples: And Consolidated Credit Agreement (Canaan Energy Corp)

Form of Revolving Notes. The Revolving Loan shall be evidenced by a Revolving Note or Notes in the aggregate face amount of C$250,000,000$25,000,000, and shall be in the form of Exhibit "B" hereto with appropriate insertionsinsertions (each a "Revolving Note"). Notwithstanding the face amount of the Revolving Notes, the actual principal amount due from the Borrower to Lenders Banks on account of the Revolving Notes, as of any date of computation, shall be the sum of Advances then and theretofore made on account thereof, less all principal payments actually received by Lenders Banks in collected funds with respect thereto. Although the Revolving Notes may be dated as of the Effective Date, interest in respect thereof shall be payable only for the period during which the Loans loans evidenced thereby are outstanding and, although the stated amount of the Revolving Notes may be higher, the Revolving Notes shall be enforceable, with respect to Borrower's obligation to pay the principal amount thereof, only to the extent of the unpaid principal amount of the Revolving Loansloans. Irrespective of the face amount of the Revolving Notes, no Lender Bank shall ever be obligated to advance on the Revolving Commitment any amount in excess of its Revolving Commitment Percentage then in effect.

Appears in 1 contract

Samples: Loan Agreement (Gothic Energy Corp)

Form of Revolving Notes. The Revolving Loan shall be evidenced ----------------------- by a Revolving Note or Notes in the aggregate face amount of C$250,000,000$160,000,000, and shall be in the form of Exhibit "B" hereto with appropriate insertionsinsertions (each a "Revolving Note"). Notwithstanding the face amount of the Revolving Notes, the actual principal amount due from the Borrower Borrowers to Lenders Banks on account of the Revolving Notes, as of any date of computation, shall be the sum of Advances then and theretofore made on account thereof, less all principal payments actually received by Lenders Banks in collected funds with respect thereto. Although the Revolving Notes may be dated as of the Effective Date, interest in respect thereof shall be payable only for the period during which the Loans loans evidenced thereby are outstanding and, although the stated amount of the Revolving Notes may be higher, the Revolving Notes shall be enforceable, with respect to Borrower's Borrowers' obligation to pay the principal amount thereof, only to the extent of the unpaid principal amount of the Revolving Loansloans. Irrespective of the face amount of the Revolving Notes, no Lender Bank shall ever be obligated to advance on the Revolving Commitment any amount in excess of its Revolving Commitment Percentage then in effect.

Appears in 1 contract

Samples: Loan Agreement (Gothic Energy Corp)

Form of Revolving Notes. The Revolving Loan shall be evidenced by a Revolving Note or Notes in the aggregate face amount of C$$250,000,000, and shall be in the form of Exhibit "B" hereto with appropriate insertions. Notwithstanding the face amount of the Revolving Notes, the actual principal amount due from the Borrower Borrowers to Lenders on account of the Revolving Notes, as of any date of computation, shall be the sum of Advances then and theretofore made on account thereof, less all principal payments actually received by Lenders in collected funds with respect thereto. Although the Revolving Notes may be dated as of the Effective Date, interest in respect thereof shall be payable only for the period during which the Loans evidenced thereby are outstanding and, although the stated amount of the Revolving Notes may be higher, the Revolving Notes shall be enforceable, with respect to Borrower's Borrowers' obligation to pay the principal amount thereof, only to the extent of the unpaid principal amount of the Revolving Loans. Irrespective of the face amount of the Revolving Notes, no Lender shall ever be obligated to advance on the Revolving Commitment any amount in excess of its Revolving Commitment Percentage then in effect.

Appears in 1 contract

Samples: Credit Agreement (Exco Resources Inc)

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