Notation of Payments. Each Lender will note on its internal records the amount of each Loan made by it and each payment in respect thereof and will, prior to any transfer of any of its Notes, endorse on the reverse side thereof the outstanding principal amount of Loans evidenced thereby. Failure to make any such notation shall not affect Company’s or any Guarantor’s obligations hereunder or under the other applicable Loan Documents in respect of such Loans. Administrative Agent will note on its internal records the face amount of the Letter of Credit issued for the benefit of Company.
Appears in 4 contracts
Samples: Security Agreement (Texas Petrochemicals Inc.), Term Loan Agreement (Texas Petrochemicals Inc.), Term Loan Agreement (Texas Petrochemicals Inc.)
Notation of Payments. Each Lender will note on its internal records the amount of each Loan made by it and each payment in --------------------- respect thereof and will, prior to any transfer of any of its Notes, endorse on the reverse side thereof the outstanding principal amount of Loans evidenced thereby. Failure to make any such notation shall not affect Company’s 's or any Guarantor’s 's obligations hereunder or under the other applicable Loan Documents in respect of such Loans. Administrative Agent will note on its internal records the face amount of the Letter of Credit issued for the benefit of Company.
Appears in 1 contract
Samples: Credit Agreement (Us Can Corp)
