General Terms; the Term Note Sample Clauses
General Terms; the Term Note. Subject to the terms and conditions ---------------------------- herein, on the date of the Closing the Bank shall loan the Borrower the Term Credit. All amounts owed by the Borrower with respect to the Term Credit shall be evidenced by an amended and restated promissory note of the Borrower in the principal amount of the Term Credit, dated as of August 6, 2002, in the form attached hereto as EXHIBIT 2.02
(a) (the "Term Note"). The Term Credit may be prepaid in whole or in part without penalty provided however that any such payments pursuant to Section 2.02(b)(ii) shall be applied to the remaining payments under the Term Note in inverse order of maturity and any other payments shall be applied to the remaining payments under the Term Note in chronological order of maturity or, during the occurrence and continuance of an Event of Default, at the Bank's discretion.
General Terms; the Term Note. Subject to the terms and conditions herein, on the date of the Closing the Bank shall loan the Borrower the Term Credit. All amounts owed by the Borrower with respect to the Term Credit shall be evidenced by an amended and restated promissory note of the Borrower in the principal amount of the Term Credit, dated the date of the Closing, in the form attached hereto as EXHIBIT 2.02(a) (the "Term Note"). The Term Credit may be prepaid in whole or in part without penalty in a minimum amount of $50,000 and an integral multiple of $50,000, or such lesser amount as is then outstanding provided however that such payments shall be applied to the remaining payments under the Term Note in inverse order of maturity or during the occurrence and continuance of or Event of Default at the Bank's discretion.