Master Note a. The Issuer will, prior to the Effective Date, deliver to the Bank a Note Certificate registered in the name of Cede & Co., a nominee of DTC, evidencing the Obligations. The Note Certificate shall bear the manual or facsimile signatures of one or more Authorized Persons and specify the date of issuance (the “Issue Date”), the full legal name of the Issuer, and the name of the bank acting as paying agent for the Issuer.
Master Note. Advances under the Revolving Loan shall be evidenced by the ------------ Master Note, in substantially the form annexed hereto as Exhibit D, and the --------- balance due from time to time on the Master Note shall be conclusively evidenced by the Bank's records of disbursements and repayments, subject to Subsection 2.1(f).
Master Note. If this Note is designated herein as a MASTER NOTE or is denoted on Bank’s records as a MASTER NOTE, then this Note evidences a line of credit and Borrower shall be liable for only so much of the principal amount as shall be equal to the total of the amounts advanced to or for Borrower by Bank from time to time, less all payments made by or for Borrower and applied by Bank to principal, and for interest on each such advance, fees, premiums, charges and costs and expenses incurred or due hereunder, all as shown on Bank’s books and records which shall be conclusive evidence of the amount owed by Borrower under this Note, absent a clear and convincing showing of bad faith or manifest error. If this is a MASTER NOTE, upon the occurrence of an Event of Default or the occurrence of an event which, with the giving of notice or a lapse of time, or both, would become an Event of Default under this Note, in addition to its other rights and remedies, Bank may terminate or suspend Borrower’s right to receive any future or additional advances under this Note and the other loan documents.
Master Note. The Master Note, properly executed.
Master Note. SECURITY AGREEMENT. Borrowers hereby apply for a loan in the amount of the Loan Request, stated above, from Lender, for the purchase of seed, agricultural products and supplies and related services solely for use in Borrowers’ farming operations (“Loan” or “Loans”).
Master Note. If this Note is designated herein as a MASTER NOTE or is denoted on Lender’s records as a MASTER NOTE, then this Note evidences a line of credit and Borrower shall be liable for only so much of the principal amount as shall be equal to the total of the amounts advanced to or for Borrower by Lender from time to time, less all payments made by or for Borrower and applied by Lender to principal, and for interest on each such advance, fees, premiums, charges and costs and expenses incurred or due hereunder all as shown on Xxxxxx’s books and records which shall be conclusive evidence of the amount owed absent a clear and convincing showing of gross negligence or gross misconduct. (Signatures Contained On Next Page) The undersigned have executed this Note as of the day and year first above stated. SALIX PHARMACEUTICALS, LTD., a Delaware corporation By: /s/ Xxxx X. Xxxxxxxxxx Name: Xxxx X. Xxxxxxxxxx Title: Vice President, CFO SALIX PHARMACEUTICALS, INC., a California corporation By: /s/ Xxxx X. Xxxxxxxxxx Name: Xxxx X. Xxxxxxxxxx Title: Vice President, CFO
Master Note. This Note evidences a line of credit and Borrower shall be liable for only so much of the principal amount as shall be equal to the total of the amounts advanced to or for Borrower by Bank from time to time, less all payments made by or for Borrower and applied by Bank to principal, and for interest on each such advance, fees, premiums, charges and costs and expenses incurred or due hereunder, all as shown on Bank’s books and records which shall be conclusive evidence of the amount owed by Borrower under this Note, absent a clear and convincing showing of bad faith or manifest error. Upon the occurrence of an Event of Default or the occurrence of an event which, with the giving of notice or a lapse of time, or both, would become an Event of Default under this Note, in addition to its other rights and remedies, Bank may terminate or suspend Borrower’s right to receive any future or additional advances under this Note and the other loan documents.
Master Note. The maximum amount of the Revolving Loan shall be evidenced by the Master Note, and the balance due from time to time on the Master Note shall be conclusively evidenced by the Lender's records of disbursements and repayments, subject to Subsection 2.1(e).
Master Note. The term "Master Note" shall mean the Revolving Line of Credit Promissory Note made payable by Borrower on the same date herewith to the order of Lender for the purchase of Late and the construction of Houses.
Master Note. The Facility Balance shall be further evidenced by a promissory note, dated as of the Effective Date, which shall be executed and delivered by Borrowers jointly and severally payable to the order of Lender in the face amount of the Credit Limit, in form satisfactory to Lender.
