Common use of Notation of Payment Clause in Contracts

Notation of Payment. Each Lender agrees that before disposing of any Note held by it, or any part thereof (other than by granting participations therein), such Lender will make a notation thereon of all principal payments previously made thereon and of the date to which interest thereon has been paid and will notify the Company of the name and address of the transferee of that Note; provided, however, that the failure to make (or any error in the making of) such a notation or to notify the Company of the name and address of such transferee shall not limit or otherwise affect the obligation of the Company hereunder or under such Notes with respect to the Loans and payments of principal or interest on any such Note.

Appears in 5 contracts

Samples: Senior Secured Credit Agreement (Central European Media Enterprises LTD), Loan Agreement (Formus Communications Inc), Senior Subordinated Credit Agreement (Bio Rad Laboratories Inc)

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Notation of Payment. Each Lender agrees that before disposing of any Note held by it, or any part thereof (other than by granting participations therein), such Lender will make a notation thereon of all principal payments previously made thereon and of the date to which interest thereon has been paid and will notify the Company of the name and address of the transferee of that Note; provided, however, provided that the failure to make (or any error in the making of) such a notation or to notify the Company of the name and address of such transferee shall not limit or otherwise affect the obligation of the Company hereunder or under such Notes with respect to the Loans and payments of principal or interest on any such Note.

Appears in 3 contracts

Samples: Senior Subordinated Credit Agreement (Capstone Pharmacy Services Inc), Senior Credit Agreement (Young America Holdings Inc), Senior Subordinated Credit Agreement (Ameristar Casinos Inc)

Notation of Payment. Each Lender agrees that before disposing of any Note held by it, or any part thereof (other than by granting participations therein), such Lender will make a notation thereon of all principal payments previously made thereon and of the date to which interest thereon has been paid and will notify the Company of the name and address of the transferee of that Note; provided, however, provided that the failure to make (or any error in the making of) such a notation or to notify the Company of the name and address of such transferee shall not limit or otherwise affect the obligation of the Company hereunder or under such Notes with respect to the Loans Loan and payments of principal or interest on any such Note.

Appears in 2 contracts

Samples: Second Lien Senior Credit Agreement (Wellman Inc), First Lien Senior Credit Agreement (Wellman Inc)

Notation of Payment. Each Lender agrees that before disposing of any Note held by it, or any part thereof (other than by granting participations therein), such Lender will make a notation thereon of all principal payments previously made thereon and of the date to which interest thereon has been paid and will notify the Company of the name and address of the transferee of that Note; provided, however, that the failure to make (or any error in the making of) such a notation or to notify the Company of the name and address of such transferee shall not limit or otherwise affect the obligation of the Company hereunder or under such Notes with respect to the Loans and payments of principal or interest on any such Note.

Appears in 1 contract

Samples: Senior Subordinated Credit Agreement (Express Scripts Inc)

Notation of Payment. Each Lender agrees that before disposing of any Note held by it, or any part thereof (other than by granting participations therein), such Lender will make a notation thereon of all principal payments previously made thereon and of the date to which interest thereon has been paid and will notify the Company of the name and address of the transferee of that Note; provided, however, PROVIDED that the failure to make (or any error in the making of) such a notation or to notify the Company of the name and address of such transferee shall not limit or otherwise affect the obligation of the Company hereunder or under such Notes with respect to the Loans and payments of principal or interest on any such Note.

Appears in 1 contract

Samples: Senior Subordinated Credit Agreement (Vertis Inc)

Notation of Payment. Each Lender agrees that before ------------------- disposing of any Note held by it, or any part thereof (other than by granting participations therein), such Lender will make a notation thereon of all principal payments previously made thereon and of the date to which interest thereon has been paid and will notify the Company of the name and address of the transferee of that Note; provided, however, provided that the failure to make (or any error in the -------- making of) such a notation or to notify the Company of the name and address of such transferee shall not limit or otherwise affect the obligation of the Company hereunder or under such Notes with respect to the Loans and payments of principal or interest on any such Note.

Appears in 1 contract

Samples: Senior Subordinated Credit Agreement (T Sf Communications Corp)

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Notation of Payment. Each Lender agrees that before disposing of any Note held by it, or any part thereof (other than by granting participations therein), such Lender will make a notation thereon of all principal payments previously made thereon and of the date to which interest thereon has been paid and will notify the Company Borrower of the name and address of the transferee of that such Note; provided, however, provided that the failure to make (or any error in the making of) such a notation or to notify the Company Borrower of the name and address of such transferee shall not limit or otherwise affect the obligation of the Company hereunder or under such Notes any Note with respect to the Loans Senior Loan and payments of principal or interest on any such Note.

Appears in 1 contract

Samples: Senior Secured Credit Agreement (Cityscape Financial Corp)

Notation of Payment. Each The Lender agrees that before disposing of any the Note held by it, or any part thereof (other than by granting participations therein), such the Lender will make a notation thereon of all principal payments previously made thereon and of the date to which interest thereon has been paid and will notify the Company of the name and address of the transferee of that Note; provided, however, that the failure to make (or any error in the making of) such a notation of the Loan made under such Note or to notify the Company of the name and address of such a transferee shall not limit or otherwise affect the obligation of the Company hereunder or under such Notes Note with respect to the Loans Loan and payments of principal or interest on any such Note.

Appears in 1 contract

Samples: Subordinated Credit Agreement (Lower Road Associates LLC)

Notation of Payment. Each The Lender agrees that before disposing of any the Note held by it, or any part thereof (other than by granting participations therein), such the Lender will make a notation thereon of all principal payments previously made thereon and of the date to which interest thereon has been paid and will notify the Company of the name and address of the transferee of that Note; provided, however, provided that the failure to make (or any error in the making of) such a notation of the Loan made under such Note or to notify the Company of the name and address of such a transferee shall not limit or otherwise affect the obligation of the Company hereunder or under such Notes Note with respect to the Loans Loan and payments of principal or interest on any such Note.

Appears in 1 contract

Samples: Secured Term Loan Agreement (MSX International Inc)

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