Common use of Line Note Clause in Contracts

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").

Appears in 3 contracts

Samples: Unsecured Revolving Credit Agreement (Granite Financial Inc), Revolving Credit and Term Loan Agreement (Qualmark Corp), Revolving Credit Agreement (Sport Haley Inc)

AutoNDA by SimpleDocs

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 (as amended or extended from time to time, the "Line Note").

Appears in 2 contracts

Samples: Revolving Credit Agreement (Koala Corp /Co/), Revolving Credit Agreement (Koala Corp /Co/)

Line Note. Borrower's ’s indebtedness to Bank for amounts borrowed under the Revolving Credit Line and for interest accrued thereon shall be evidenced by Borrower's ’s promissory note to Bank, on Bank's standard form for commercial promissory notes and otherwise satisfactory to Bank’s form, in the face principal amount of the Maximum Line Amount (the "Line Note"” or “Note”).

Appears in 2 contracts

Samples: Credit Agreement (Considine Terry), Credit Agreement (American Land Lease Inc)

Line Note. Borrower's Borrowers’ indebtedness to Bank for amounts borrowed under the Revolving Credit Line and for interest accrued thereon shall be evidenced by Borrower's Borrowers’ promissory note to Bank, on Bank's standard form for commercial promissory notes and otherwise satisfactory to Bank’s form, in the face principal amount of the Maximum Line Amount (the "Line Note"” or “Note”).

Appears in 1 contract

Samples: Credit Agreement (Considine Terry)

AutoNDA by SimpleDocs

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").

Appears in 1 contract

Samples: Revolving Credit Agreement (Koala Corp /Co/)

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