Common use of Notations Clause in Contracts

Notations. Prior to any sale or other disposition of any Note by any Lender, such Lender shall make a notation on such Note (or on a paper annexed thereto) of the unpaid principal amount thereof at the time outstanding, the last date to which interest has been paid thereon and the amount of unpaid interest accrued thereon to the date of such sale or disposition. Upon payment in full of the principal of and interest on the Note, such Note shall be cancelled and returned to the Borrower, provided that the Revolving Credit Note shall not be cancelled or returned so long as the Lender shall be obligated to make Revolving Credit Loans hereunder.

Appears in 2 contracts

Samples: Revolving Credit Loan Agreement, Revolving Credit Loan Agreement (Harvard Bioscience Inc)

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Notations. Prior to any sale or other disposition of any Note by any Lenderthe Bank, such Lender the Bank shall make a notation on such Note (or on a paper annexed thereto) of the unpaid principal amount thereof at the time outstanding, the last date to which interest has been paid thereon and the amount of unpaid interest accrued thereon to the date of such sale or disposition. Upon payment in full of the principal of and interest on the any Note, such Note shall be cancelled and returned to the BorrowerCompany, provided that the Revolving Credit Note shall not be cancelled or returned so long as the Lender Bank shall be obligated to make Revolving Credit Loans hereunder.

Appears in 1 contract

Samples: Credit Agreement (Hagler Bailly Inc)

Notations. Prior to any sale or other disposition of any Note by any Lender, such Lender shall make a notation on such Note (or on a paper annexed thereto) of the unpaid principal amount thereof at the time outstanding, the last date to which interest has been paid thereon and the amount of unpaid interest accrued thereon to the date of such sale or disposition. Upon payment in full of the principal of and interest on the any Note, such Note shall be cancelled canceled and returned to the BorrowerCompany, provided that the Revolving Credit no Note shall not be cancelled canceled or returned so long as the Lender Lenders shall be obligated to make Revolving Credit Loans hereunder.

Appears in 1 contract

Samples: Onyx Acceptance Corp

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Notations. Prior to any sale or other disposition of any Note by any -------------- Lender, such Lender shall make a notation on such Note (or on a paper annexed thereto) of the unpaid principal amount thereof at the time outstanding, the last date to which interest has been paid thereon and the amount of unpaid interest accrued thereon to the date of such sale or disposition. Upon payment in full of the principal of and interest on the any Note, such Note shall be cancelled canceled and returned to the BorrowerCompany, provided that the Revolving Credit no Note shall not be cancelled canceled or returned so long as -------- the Lender Lenders shall be obligated to make Revolving Credit Loans hereunder.

Appears in 1 contract

Samples: Consumer Portfolio Services Inc

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