Common use of New Note Clause in Contracts

New Note. The Borrower agrees to promptly execute and deliver to the Increasing Lender an A Note in the amount of its increased Commitment set forth in Section 1 above (the "New Note"), and the Increasing Lender agrees to return to the Borrower, with reasonable promptness, the A Note previously delivered to the Increasing Lender by the Borrower.

Appears in 2 contracts

Samples: Long Term Revolving Credit Agreement (Burlington Resources Inc), Long Term Revolving Credit Agreement (Burlington Resources Inc)

AutoNDA by SimpleDocs

New Note. The If the Increasing Lender has previously requested a Note, the Borrower agrees to promptly execute and deliver to the Increasing Lender an A a new Note in the principal amount of its increased the Increasing Lender’s Commitment set forth in Section 1 above (the "New Note"), and the Increasing Lender agrees to return to the Borrower, with reasonable promptness, the A Note previously delivered to the Increasing Lender by the BorrowerBorrower pursuant to Section 2.01(c) of the Credit Agreement.

Appears in 1 contract

Samples: Credit Agreement (Holly Energy Partners Lp)

New Note. The Borrower agrees to promptly execute and deliver to the Increasing Lender an A Bank a Note in the amount of its increased Commitment set forth in Section 1 above (the "New Note"), and the Increasing Lender Bank agrees to return to the Borrower, with reasonable promptness, the A Note previously delivered to the Increasing Lender Bank by the Borrower.

Appears in 1 contract

Samples: Revolving Credit Agreement (Azurix Corp)

AutoNDA by SimpleDocs

New Note. The Each Borrower agrees to promptly execute and deliver to the Increasing Lender an A Bank a new Note in the amount of its increased Revolving Loan Commitment set forth in Section 1 above (the "New Note"), and the Increasing Lender Bank agrees to return to the such Borrower, with reasonable promptness, the A Note previously delivered to the Increasing Lender Bank by the Borrowersuch Borrower or a lost affidavit pertaining to such Note.

Appears in 1 contract

Samples: Credit Agreement (Susser Holdings CORP)

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