Note Evidencing Loans. The Loans made to a Fund or Portfolio by each Bank under its Commitment shall be evidenced by a Note, which shall be dated as of the date hereof and shall mature (unless accelerated pursuant to Section 11.2) on the Termination Date. All Loans made by the Banks to a Fund or Portfolio pursuant to this Agreement and all payments of principal shall be evidenced by the Banks in their records which records shall be rebuttably presumptive evidence of the subject matter thereof.
Note Evidencing Loans. The loans described above in Section 2 shall be evidenced by a promissory note of Borrower as follows:
Note Evidencing Loans. The Revolving Loans and the Letter of Credit Obligations shall be evidenced by a single Amended and Restated Revolving Note (together with any and all renewal, extension, modification or replacement notes executed by the Borrower and delivered to the Bank and given in substitution therefor or in restatement thereof, the "Revolving Note") in substantially the form of Exhibit A attached hereto, duly executed by the Borrower and payable to the order of the Bank. At the time of the initial disbursement of a Revolving Loan and at each time an additional Revolving Loan shall be requested hereunder or a repayment made in whole or in part thereon, an appropriate notation thereof shall be made on the books and records of the Bank. All amounts recorded shall be, absent demonstrable error, conclusive and binding evidence of (i) the principal amount of the Revolving Loans advanced hereunder and the amount of all Letter of Credit Obligations, (ii) any unpaid interest owing on the Revolving Loans, and (iii) all amounts repaid on the Revolving Loans or the Letter of Credit Obligations. The failure to record any such amount or any error in recording such amounts shall not, however, limit or otherwise affect the obligations of the Borrower under the Revolving Note to repay the principal amount of the Revolving Loans, together with all interest accruing thereon.
Note Evidencing Loans. 17 3.1 Note...............................................................17 3.2 Recordkeeping......................................................17
Note Evidencing Loans. 13 SECTION 3.1 Note..............................................13 SECTION 3.2 Recordkeeping ................................... 13
Note Evidencing Loans. The Loans shall be evidenced by a single promissory note (together with any and all renewal, extension, modification or replacement notes executed by Q Comm and delivered to APS and given in substitution therefor, the "Note") in the form of Exhibit "A" attached hereto, duly executed by Q Comm and payable to the order of APS. LOAN AND SECURITY AGREEMENT BY AND BETWEEN Q COMM INTERNATIONAL INC. AND AMERICAN PAYMENT SYSTEMS, INC. --------------------------------------------------------------------------------
Note Evidencing Loans. The Revolving Loans and the Letter of Credit Obligations shall be evidenced by a single Revolving Note (together with any and all renewal, extension, modification or replacement notes executed by the Borrower and delivered to the Bank and given in substitution therefor, the "Revolving Note") in the form of Exhibit "A" attached hereto, duly executed by the Borrower and payable to the order of the Bank. Although the Revolving Note shall be expressed to be payable in the maximum amount of the Revolving Loan Commitment, Borrower shall be obligated to pay only the unpaid balance of the Revolving Loans together with interest thereon and other amounts due in connection therewith as provided herein and in the other Loan
Note Evidencing Loans. The Loans shall be evidenced by a promissory note (the "Note"), substantially in the form set forth in Exhibit A attached hereto, with appropriate insertions, dated the Initial Borrowing Date, payable to the order of the Bank on the Termination Date in the original Line of Credit Commitment or in the unpaid principal amount of all of its Loans, whichever is less. Notwithstanding the principal amount of the Note as stated on the face thereof, the actual principal amount owing from the Borrower to the Bank or other holder of the Note thereunder, as of any date of computation, shall be the sum of all Loans then and theretofore made less all payments of principal actually received by the Bank in collected funds during the same period. The Bank shall maintain a master record of all Loans to and payments by the Borrower hereunder and under the Note, and the aggregate unpaid principal amount shown in such master record shall be rebuttable presumptive evidence of the principal amount owing and unpaid on the Note. The failure to record any such amount in such master record shall not, however, limit or otherwise affect the obligations of the Borrower hereunder or under the Note to repay the principal amount of the Loans, together with all interest accruing thereon. In the event of any conflict, absent demonstrable error, the Bank's master record shall be deemed controlling. The Note shall provide for the payment of interest and principal as provided in Sections 4 and 5.
Note Evidencing Loans. 11 (a) Form of Note . . . . . . . . . . . . . . . . . . . . . . . . 11 (b) Interest Rate . . . . . . . . . . . . . . . . . . . . . . . 12 (c)
