Loans and Notes Sample Clauses

The "Loans and Notes" clause defines the terms and conditions under which loans are extended and promissory notes are issued between parties. It typically outlines the principal amount, interest rates, repayment schedules, and any collateral or security interests involved. This clause ensures that both lender and borrower have a clear understanding of their financial obligations and rights, thereby reducing the risk of disputes and providing a structured framework for managing debt within the agreement.
Loans and Notes. 29 SECTION 3.1
Loans and Notes. 12 2.2 Fees ...........................................................14 2.3 Termination or Reduction of Commitments ........................14 2.4
Loans and Notes. (a) Subject to the terms and conditions hereof, each Bank severally agrees to make two loans (a "Tranche 1 Loan" and a "Tranche 2 Loan", respectively) to the Company on the Closing Date in an aggregate principal amount not to exceed the Commitment of such Bank in the respective amounts set forth opposite such Bank's name under the first and third columns on Schedule I. The Loans may be (i) Eurodollar Loans, (ii) Alternate Base Rate Loans or (iii) a combination thereof, as determined by the Company and notified to the Agent in accordance with subsection 2.1(d). (b) Upon the request by any Bank, the Tranche 1 Loan made by such Bank shall be evidenced by a promissory note of the Company, substantially in the form of Exhibit A with appropriate insertions as to payee, date and principal amount (a "Tranche 1 Note"), payable to the order of such Bank and evidencing the obligation of the Company to pay a principal amount equal to the amount of the initial Tranche 1 Commitment of such Bank. Each Bank is hereby authorized to record the date, Type and amount of each Tranche 1 Loan made or converted by such Bank, and the date and amount of each payment or prepayment of principal thereof, and, in the case of Eurodollar Loans, the Interest Period with respect thereto, on the schedule annexed to and constituting a part of such Tranche 1 Note, and any such recordation shall constitute prima facie evidence of the accuracy of the information so recorded; provided, however, that the failure of such Bank to make any such recordation shall not affect the obligations of the Company hereunder or under any Tranche 1 Note. Each such Tranche 1 Note shall (x) be dated the Closing Date, (y) be stated to mature on the Tranche 1 Termination Date, and (z) bear interest on the unpaid principal amount thereof from time to time outstanding at the applicable interest rate per annum determined as provided in subsection 2.7. (c) Upon the request by any Bank, the Tranche 2 Loan made by such Bank shall be evidenced by a promissory note of the Company, substantially in the form of Exhibit B with appropriate insertions as to payee, date and principal amount (a "Tranche 2 Note"), payable to the order of such Bank and evidencing the obligation of the Company to pay a principal amount equal to the amount of the initial Tranche 2 Commitment of such Bank. Each Bank is hereby authorized to record the date, Type and amount of each Tranche 2 Loan made or converted by such Bank, and the date and amount of...
Loans and Notes. 14 Section 3.1. Agreement to Make Committed Loans......................... 14 Section 3.2. Procedure for Committed Loans............................. 14 Section 3.3. Maturity of Committed Loans............................... 15
Loans and Notes. Section 1 of the Loan Agreement is amended to add a new Subsection (j) that reads as follows:
Loans and Notes. Loans and notes signed by the contractor not including current portion payable. Include federal loans.
Loans and Notes. Section 2.01 Revolving Loans Section 2.02 Letters of Credit Section 2.03 Optional and Mandatory Prepayments Section 2.04 User of Proceeds Section 2.05 Commitment Fees Section 2.06 Voluntary Termination or Reduction of the Commitments ARTICLE III ADMINSTRATION CREDIT Section 3.01 Interest on Loans Section 3.02 Borrowing Procedure Section 3.03 Conversion Section 3.04 Automatic Conversion Section 3.05 Conversion and Continutation Process Section 3.06 Basis for Determining Interest Rate Inadequate or Unfair Section 3.07 Changes in Law Rendering Certain Loans Unlawful Section 3.08 Increased Costs Section 3.09 Discretion of Lender as to Manner of Funding Section 3.10 Capital Adequacy Section 3.11 Limitation on Payment Section 3.12 Funding Losses Section 3.13 Conclusiveness of Statements; Survival of Provisions Section 3.14 Obligation of Lender to Mitigate Section 3.15 Survival of Provisions Section 3.16 Computations of Interest Section 3.17 Payments; Loan Account Section 3.18 Reserved Section 3.19 Deposits; Set Off ARTICLE IV
Loans and Notes. 3.1. Borrowing Procedures..................................... 37 3.1.1. Requests for Borrowing........................... 37 3.1.2. Funding Reliance for Loans....................... 38 3.2. Notes.................................................... 38 3.3. Principal Payments....................................... 39 3.3.1. Repayments....................................... 39 3.3.2. Facility A Loan Prepayments...................... 39 3.3.3. Facility B Loan Prepayments and Repayments....
Loans and Notes. 19 Section 3.1. Agreement to Make Committed Loans............. 19 Section 3.2.
Loans and Notes. 23 2.2 Interest on the Loans........................................... 26 2.3 Fees.........................................................