Common use of Notations Clause in Contracts

Notations. Each Loan made against a Note, the status of all amounts evidenced by a Note as constituting part of the Prime Rate Portion or a LIBOR Portion, and, in the case of any LIBOR Portion, the rates of interest and Interest Periods applicable to such Portion shall be recorded by the Bank on its books and records or, at its option in any instance, endorsed on a schedule to the applicable Note and the unpaid principal balance and status, rates and Interest Periods so recorded or endorsed by the Bank shall be prima facie evidence in any court or other proceeding brought to enforce such Note of the principal amount remaining unpaid thereon, the status of the Loan or Loans evidenced thereby and the interest rates and Interest Periods applicable thereto; provided that the failure of the Bank to record any of the foregoing shall not limit or otherwise affect the obligation of the Borrowers to repay the principal amount of each Note together with accrued interest thereon and fees provided hereunder with respect thereto. Prior to any negotiation of a Note, the Bank shall record on a schedule thereto the status of all amounts evidenced thereby as constituting part of the Prime Rate Portion or a LIBOR Portion and, in the case of any LIBOR Portion, the rates of interest and the Interest Periods applicable thereto.

Appears in 1 contract

Samples: Credit Agreement (Natural Nutrition Group Inc)

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Notations. Each Loan made against a the Revolving Credit Note, the status of all amounts evidenced by a the Revolving Credit Note as constituting part of the Prime Domestic Rate Portion or a LIBOR Portion, and, in the case of any LIBOR Portion, the rates of interest and Interest Periods applicable to such Portion shall be recorded by the Bank on its books and records or, at its option in any instanceoption, endorsed recorded on a schedule to the applicable Revolving Credit Note and the unpaid principal balance and status, rates and Interest Periods so recorded or endorsed by the Bank shall be prima facie evidence in any court or other proceeding brought to enforce such the Revolving Credit Note of the principal amount remaining unpaid thereon, the status of the Loan or Loans evidenced thereby and the interest rates and Interest Periods applicable thereto; provided that the failure of the Bank to record any of the foregoing shall not limit or otherwise affect the obligation of the Borrowers Company to repay the principal amount of each the Revolving Credit Note together with accrued interest thereon and fees provided hereunder with respect theretothereon. Prior to any negotiation of a the Revolving Credit Note, the Bank shall record on a schedule thereto the status of all amounts evidenced thereby as constituting part of the Prime Domestic Rate Portion or a LIBOR Portion and, in the case of any each LIBOR Portion, the rates rate of interest and the Interest Periods Period applicable thereto.

Appears in 1 contract

Samples: Credit Agreement (QMS Inc)

Notations. Each Loan All Loans made against a the Note, the status of all amounts evidenced by a the Note as constituting part of the Prime Domestic Rate Portion or a LIBOR Portion or Offered Rate Portion, and, in the case of any LIBOR Fixed Rate Portion, the rates of interest and Interest Periods applicable to such Portion Portions shall be recorded by the Bank on its books and records or, at its option in any instance, endorsed on a schedule to the applicable Note and the unpaid principal balance and status, rates and Interest Periods so recorded or endorsed by the Bank shall be prima facie evidence in any court or other proceeding brought to enforce such the Note of the principal amount remaining unpaid thereon, the status of the Loan or Loans evidenced thereby and the interest rates and Interest Periods applicable thereto; provided that the failure of the Bank to record any of the foregoing shall not limit or otherwise affect the obligation of the Borrowers Borrower to repay the principal amount of each the Note together with accrued interest thereon and fees provided hereunder with respect theretothereon. Prior to any negotiation of a the Note, the Bank shall record on a schedule thereto the status of all amounts evidenced thereby as constituting part of the Prime Domestic Rate Portion or a LIBOR Portion or Offered Rate Portion and, in the case of any LIBOR Fixed Rate Portion, the rates of interest and the Interest Periods applicable thereto.

Appears in 1 contract

Samples: Credit Agreement (Bancfirst Corp /Ok/)

Notations. Each Loan made against a the Revolving Credit Note, the status of all amounts evidenced by a the Revolving Credit Note as constituting part of the Prime Domestic Rate Portion or a LIBOR Portion, and, in the case of any LIBOR Portion, the rates of interest and Interest Periods applicable to such Portion shall be recorded by the Bank on its books and records or, at its option in any instanceoption, endorsed recorded on a schedule to the applicable Revolving Credit Note and the unpaid principal balance and status, rates and Interest Periods so recorded or endorsed by the Bank shall be prima facie evidence in any court or other proceeding brought to enforce such the Revolving Credit Note of the principal amount remaining unpaid thereon, the status of the Loan or Loans evidenced thereby and the interest rates and Interest Periods applicable thereto; provided that the failure of the Bank to record any of the foregoing shall not limit or otherwise affect the obligation of the Borrowers Company to repay the principal amount of each the Revolving Credit Note together with accrued interest thereon and fees provided hereunder with respect theretothereon. Prior to any negotiation of a the Revolving Credit Note, the Bank shall record on a schedule thereto the status of all amounts evidenced thereby as constituting part of the Prime Domestic Rate Portion or a LIBOR Portion and, in the case of any LIBOR Portion, the rates of interest and the Interest Periods applicable thereto.

Appears in 1 contract

Samples: Credit Agreement (JPS Packaging Co)

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Notations. Each Loan made against a the Revolving Credit Note, the status of all amounts evidenced by a the Revolving Credit Note as constituting part of the Prime Domestic Rate Portion or a LIBOR Portion, and, in the case of any LIBOR Portion, the rates of interest and Interest Periods applicable to such Portion shall be recorded by the Bank on its books and records or, at its option in any instance, endorsed on a schedule to the applicable Revolving Credit Note and the unpaid principal balance and status, rates and Interest Periods so recorded or endorsed by the Bank shall be prima facie evidence in any court or other proceeding brought to enforce such the Revolving Credit Note of the principal amount remaining unpaid thereon, the status of the Revolving Credit Loan or Loans evidenced thereby and the interest rates and Interest Periods applicable thereto; provided that the failure of the Bank to record any of the foregoing shall not limit or otherwise affect the obligation of the Borrowers Company to repay the principal amount of each the Revolving Credit Note together with accrued interest thereon and fees provided hereunder with respect theretothereon. Prior to any negotiation of a the Revolving Credit Note, the Bank shall record on a schedule thereto the status of all amounts evidenced thereby as constituting part of the Prime Domestic Rate Portion or a LIBOR Portion and, in the case of any LIBOR Portion, the rates of interest and the Interest Periods applicable thereto.

Appears in 1 contract

Samples: Credit Agreement (Kaneb Services LLC)

Notations. Each Loan made against a Note, the status of all amounts evidenced by a Note as constituting part of the Prime Domestic Rate Portion or a LIBOR Portion, and, in the case of any LIBOR Portion, the rates of interest and Interest Periods applicable to such Portion Portions shall be recorded by the Bank relevant Lender on its books and records or, at its option in any instance, endorsed on a schedule to the applicable its Note and the unpaid principal balance and status, rates and Interest Periods so recorded or endorsed by the Bank shall such Lender shall, absent manifest error, be prima facie evidence in any court or other proceeding brought to enforce such Note of the principal amount remaining unpaid thereon, the status of the Loan or Loans evidenced thereby and the interest rates and Interest Periods applicable thereto; provided that the failure of the Bank a Lender to record any of the foregoing shall not limit or otherwise affect the obligation of the Borrowers Company to repay the principal amount of each Note together with accrued interest thereon and fees provided hereunder with respect theretothereon. Prior to any negotiation of a Note, the Bank a Lender shall record on a schedule thereto the status of all amounts evidenced thereby as constituting part of the Prime applicable Domestic Rate Portion or a LIBOR Portion and, in the case of any LIBOR Portion, the rates of interest and the Interest Periods applicable thereto.

Appears in 1 contract

Samples: Credit Agreement (Rentx Industries Inc)

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