Common use of New Note Clause in Contracts

New Note. In replacement for that certain Promissory Note payable to the order of Bank of Montreal dated as of February 13, 2008 in the principal amount of $370,000,000 (the “Previous Note”), the Borrower shall execute and deliver to the Bank a new demand note in the amount of $76,000,000, dated as of the date of its issuance and otherwise in the form of Exhibit A attached hereto (the “New Note”) which shall substitute for the Bank’s Previous Note and shall evidence the loans outstanding to the Bank. All references in the Loan Agreement to the Note shall be deemed references to the New Note.

Appears in 3 contracts

Samples: Loan Authorization Agreement (Apparel Holding Corp.), Loan Authorization Agreement (Apparel Holding Corp.), Loan Authorization Agreement (Apparel Holding Corp.)

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New Note. In replacement for that certain Promissory Note payable to the order of Bank of Montreal dated as of February August 13, 2008 in the principal amount of $370,000,000 67,785,197.00 (the “Previous Note”), the Borrower shall execute and deliver to the Bank a new demand note in the amount of $76,000,00072,000,000.00, dated as of the date of its issuance and otherwise in the form of Exhibit A attached hereto (the “New Note”) which shall substitute for the Bank’s Previous Note and shall evidence the loans outstanding to the Bank. All references in the Loan Agreement to the Note shall be deemed references to the New Note.

Appears in 2 contracts

Samples: Loan Authorization Agreement (Apparel Holding Corp.), Loan Authorization Agreement (Apparel Holding Corp.)

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New Note. In replacement for that certain Promissory Note payable to the order of Bank of Montreal dated as of February 13May 2, 2008 in the principal amount of $370,000,000 76,000,000.00 (the “Previous Note”), the Borrower shall execute and deliver to the Bank a new demand note in the amount of $76,000,00067,785,197.00, dated as of the date of its issuance and otherwise in the form of Exhibit A attached hereto (the “New Note”) which shall substitute for the Bank’s Previous Note and shall evidence the loans outstanding to the Bank. All references in the Loan Agreement to the Note shall be deemed references to the New Note.

Appears in 2 contracts

Samples: Loan Authorization Agreement (Apparel Holding Corp.), Loan Authorization Agreement (Apparel Holding Corp.)

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