Line Note. Borrower's indebtedness to Bank for amounts borrowed under the Revolving Credit Line and for interest accrued thereon shall be evidenced by Borrower's promissory note to Bank, on Bank's standard form for commercial promissory notes and otherwise satisfactory to Bank, in the principal amount of the Maximum Line (the "Line Note").
Line Note. This Note is the "LINE NOTE" as defined in the Loan Agreement and, as such, shall be construed in accordance with all terms and conditions thereof. Capitalized terms not defined herein shall have such meaning as provided in the Loan Agreement. This Note is entitled to all the rights and remedies provided in the Loan Agreement and the Loan Documents and is secured by all collateral as described therein.
Line Note. In no event shall the Borrowers permit the sum of (x) the face amount of outstanding Letters of Credit; plus (y) the outstanding principal amount of the Swing Line Note, plus (z) the outstanding principal amount of the Revolving Credit Loan to exceed the Maximum Total Amount.
Line Note. The Borrower’s obligations to pay the principal amount of all advances of the Line, together with accrued interest, shall be evidenced by a promissory note, in form and substance satisfactory to the Bank, in the principal amount of the Line, made by the Borrower and payable to the order of the Bank (as the same may be amended, modified or supplemented from time to time, the “Line Note”). The unpaid principal balance of the Line Note shall be payable on demand. The Borrower agrees that the Bank may demand payment at any time, even if no Event of Default (as defined below) has occurred. The Borrower shall prepay the Line Note to the extent that the aggregate amount of outstanding advances under the Line exceeds the Borrowing Base at any time.
Line Note. The Borrower’s obligations to pay the principal amount of all advances of the Line, together with accrued interest, shall be evidenced by a promissory note, in form and substance satisfactory to the Bank, in the principal amount of the Line, made by the Borrower and payable to the order of the Bank (as the same may be amended, modified or supplemented from time to time, the “Line Note”). The unpaid principal balance of the Line Note, and all accrued and unpaid interest thereon, shall be due and payable in full on the Termination Date. The Borrower shall prepay the Line Note to the extent that the aggregate amount of outstanding advances under the Line exceeds the Borrowing Base at any time.
Line Note. The Borrower's obligation to repay all Line Advances made by the Bank under the Line Loan, together with interest accruing thereon shall be evidenced by the Borrower's promissory note of even date herewith payable to the order of the Bank in the original principal amount of $15,000,000.00 (the "Line Note"). A copy of the Line Note is attached hereto as Exhibit A-1. The Line Note shall accrue interest on unpaid balances of principal, and on any past due interest, at a variable annual rate equal from day to day to the Applicable Rate, due monthly on the last day of each calendar month, commencing April 30, 2004, with the outstanding principal balance thereof and all accrued but unpaid interest on the Line Note due and payable at final maturity on April 13, 2007. The Bank's Line Commitment on the Line Loan shall automatically extinguish on such final maturity date. After maturity (whether by acceleration or otherwise) the Line Note shall bear interest at the Default Rate payable on demand. Notwithstanding the face amount of the Line Note, the maximum outstanding amount available in Line Advances from time to time shall in no event exceed the lesser of the Collateral Borrowing Base (initially stipulated to be $10,400,000) or the current applicable Commitment amount (presently stipulated to be $10,400,000).
Line Note. 11 2.4 INTEREST...................................................11 2.5 PAYMENTS...................................................14 2.6 MATURITY...................................................14 2.7 UNUSED LINE FEE............................................14 2.8 COLLATERAL.................................................14
Line Note. (a) The Line of Credit Loans made by the Lender under this Article II shall be evidenced by, and repaid with interest in accordance with, a single promissory note of the Borrower substantially in the form of Exhibit D attached hereto and made a part hereof, with appropriate insertions, in the amount of the Line of Credit, dated the Closing Date and payable to the order of the Lender (the "Line Note").
Line Note. The Line Note, duly executed and completed in the form of Exhibit B, attached hereto and made a part hereof, shall have been delivered to the Lender.
Line Note. The obligation of the U.K. Borrowers to repay the U.K. Swing Line Loans made pursuant to this Agreement and to pay interest thereon as set forth in this Agreement shall be evidenced by a promissory note of the U.K. Borrowers with appropriate insertions substantially in the form of Exhibit A-6 attached hereto (the "U.K. Swing Line Note"), dated the Closing Date and payable to the order of the U.K. Agent in a principal amount stated to be the lesser of (a) $20,000,000, or (b) the aggregate principal amount of Swing Line Loans at any time advanced by the U.K. Agent and outstanding thereunder. The U.K. Borrowers irrevocably authorize the U.K. Agent to make or cause to be made, at or about the time of the Drawdown Date of any U.K. Swing Line Loan or at the time of receipt of any payment of principal on the U.K. Swing Line Note, an appropriate notation on the grid attached to such Note or the U.K. Agent's records reflecting the making of such U.K. Swing Line Loan or (as the case may be) the receipt of such payment. The outstanding amount of the U.K. Swing Line Loans set forth on such grid or such records shall be prima facie evidence of the principal amount thereof owing and unpaid to the U.K. Agent, but the failure to record, or any error in so recording, any such amount on such Note or such records shall not limit or otherwise affect the actual amount of the obligations of the U.K. Borrowers hereunder or under the U.K. Swing Line Note to make payments of principal of or interest on the U.K. Swing Line Note when due.
