Common use of Notes and Payments Clause in Contracts

Notes and Payments. (a) The Total Principal Debt (other than under the Swing Line Subfacility) shall be evidenced by the Notes, which Notes shall be payable to Lenders in the aggregate stated principal amount of the Total Commitment. The Principal Debt under the Swing Line Subfacility shall be evidenced by the Swing Line Note.

Appears in 3 contracts

Samples: Credit Agreement (Prentiss Properties Trust/Md), Credit Agreement (Prentiss Properties Trust/Md), Credit Agreement (Prentiss Properties Trust/Md)

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Notes and Payments. (a) The Total Principal Debt shall be evidenced by the Revolving Notes (other than under the Swing Line Subfacility) shall be evidenced by the Notes), which Revolving Notes shall be payable by each Borrower, jointly and severally, to Lenders in the aggregate stated principal amount of the Total Commitment, or so much thereof as shall be outstanding at maturity. The Principal Debt under the Swing Line Subfacility shall be evidenced by the Swing Line Note.

Appears in 1 contract

Samples: Credit Agreement (Innkeepers Usa Trust/Fl)

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