Line of Credit Note. Xxxxxxxx's obligation to repay advances under the Line of Credit shall be evidenced by a promissory note substantially in the form of Exhibit A attached hereto ("Line of Credit Note"), all terms of which are incorporated herein by this reference.
Line of Credit Note. Security Agreement of Borrower and UCC-1 Financing Statements, filed with the Delaware Secretary of State.
Line of Credit Note. The obligations of the Borrower to repay the aggregate outstanding principal under the Line of Credit and to pay accrued interest thereon shall be evidenced by a Fifth Amended and Restated Line of Credit Note, in form and substance satisfactory to the Bank, to be executed and delivered to the Bank concurrently with the execution and delivery of this Agreement (the "Line of Credit Note"). The Bank agrees to return to the Borrower the Fourth Amended and Restated Line of Credit Note marked "cancelled."
Line of Credit Note. The Company shall execute and deliver to M&I a substitute Line of Credit Note in the original principal amount of $50,000,000 dated as of the date hereof, maturing on April 30, 2000 and otherwise in substantially the form of Exhibit C to the Loan Agreement. Such Line of Credit Note shall evidence the Line of Credit Loans and shall constitute the Line of Credit Note issued pursuant to the Loan Agreement.
Line of Credit Note. The Line of Credit Loan herein extended shall be subject to the terms and conditions of the Line of Credit Note. The Line of Credit Loan shall be payable and shall bear interest as set forth in the Line of Credit Note. This Loan Agreement and the Line of Credit Note are of equal materiality and shall each be construed in such manner as to give full force and effect to all provisions of both documents. The proceeds of the Line of Credit Loan are to be used by Borrower to refinance existing indebtedness to Bank and for working capital
Line of Credit Note. Borrower's obligation to repay Revolving Loans made under the Line of Credit shall be evidenced by a promissory note executed by Borrower, substantially in the form of Exhibit B hereto.
Line of Credit Note. The indebtedness under the Line of Credit Facility and the corresponding obligation of each Borrower (jointly and severally) to repay Lenders with interest in accordance with the terms hereof will be evidenced by one or more Line of Credit Notes (each, as amended, restated, replaced, supplemented, extended or renewed hereafter, "Line of Credit Note"; collectively, the "Line of Credit Notes") payable to the order of each Lender in accordance with its Line of Credit Commitment Percentage. The Line of Credit Notes will be due and payable in full on the Line of Credit Maturity Date. The aggregate stated principal amount of the Line of Credit Notes will be the Line of Credit Commitment established as of the Closing Date pursuant to Section 1.3 hereof; PROVIDED, HOWEVER, that the maximum liability under such Line of Credit Notes will be limited at all times to the actual amount of indebtedness (including principal, interest, fees and expenses) then outstanding under the Line of Credit Facility. Each Lender is authorized to note or endorse the date and amount of each Advance and payment under the Line of Credit Facility on a schedule annexed to and constituting a part of its Line of Credit Note. Such notations or endorsements, if made without manifest error, will constitute PRIMA FACIA evidence of the information noted or endorsed on such schedule, but the absence of any such notation or endorsement will not limit or otherwise affect the obligations and liabilities of Borrowers thereunder of hereunder.
Line of Credit Note. The obligation of Borrower to pay the principal of, and accrued interest on, the Line of Credit Facility shall be evidenced by the Note:
(a) payable to the order of Bank in the face amount of Three Million Five Hundred Thousand Dollars ($3,500,000.00);
(b) bearing interest on its unpaid principal amount of all Advances at an annual rate equal to the greater of (i) the Prime Rate plus one percent (1%), and (ii) four and one-half percent (4.5%) per annum. Interest shall fluctuate with changes in the Prime Rate and shall be computed on the actual number of days elapsed;
(c) payable as to interest monthly in arrears on the first day of each calendar month commencing March 1, 2011, through and including the first day on which:
(i) the Line of Credit Facility shall have expired or been terminated, and
(ii) Borrower shall have repaid in full the Line of Credit Facility (it being understood that interest shall again accrue upon any subsequent borrowing under the Line of Credit Facility);
(d) payable as to principal in full on September 28, 2012; provided, that if at any time the outstanding principal balance of the Line of Credit Facility exceeds the Borrowing Base, then Borrower shall, within five (5) Business Days thereafter, prepay such portion of such outstanding principal balance as shall be necessary to eliminate such excess;
(e) prepayable by Borrower without penalty or premium but with accrued interest to the date of such prepayment on the amount prepaid, at any time and from time to time, in whole or in part, upon notification to Bank of such prepayment not later than 10:00 A.M. on the date of such prepayment; and
(f) secured by the Surety Agreement, the Mortgage, and the Pledge Agreement.
Line of Credit Note. Guaranties, etc. Agent will have received each of the following documents, duly executed and delivered by Borrower, each of which will be in full force and effect:
(a) The Line of Credit Notes, in the form of Exhibit 2.3.
(b) The Guaranties, in the form of Exhibit 3.3.1
Line of Credit Note. The Line of Credit Loan shall be signified by Borrower's execution and delivery to Bank of a promissory note in the amount of the Line of Credit Loan (the "Line of Credit Note").
