Common use of Notes as Evidence of Indebtedness Clause in Contracts

Notes as Evidence of Indebtedness. The Loan of each Lender shall be evidenced by a promissory note of the Borrower, substantially in the form of Exhibit H, with appropriate insertions therein as to date and principal amount (each, as endorsed or modified from time to time, a “Note” and, collectively with the Notes of all other Lenders, the “Notes”), payable to the order of such Lender for the account of its Applicable Lending Office in the initial principal face amount equal to the original amount of the Commitment of such Lender and representing the obligation of the Borrower to pay the lesser of (a) the original amount of the Commitment of such Lender and (b) the aggregate unpaid principal balance of all Loans of such Lender, plus interest and other amounts due and owing to the Lenders under the Loan Documents.

Appears in 3 contracts

Samples: Term Loan Agreement (New Plan Excel Realty Trust Inc), Term Loan Agreement (New Plan Excel Realty Trust Inc), Secured Term Loan Agreement (New Plan Excel Realty Trust Inc)

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Notes as Evidence of Indebtedness. The Loan of each Lender shall be evidenced by a promissory note of the Borrower, substantially in the form of Exhibit HE, with appropriate insertions therein as to date and principal amount (each, as endorsed or modified from time to time, a “Note” and, collectively with the Notes of all other Lenders, the “Notes”), payable to the order of such Lender for the account of its Applicable Lending Office in the initial principal face amount equal to the original amount of the Commitment of such Lender and representing the obligation of the Borrower to pay the lesser of (a) the original amount of the Commitment of such Lender and (b) the aggregate unpaid principal balance of all Loans of such Lender, plus interest and other amounts due and owing to the Lenders under the Loan Documents.

Appears in 2 contracts

Samples: Term Loan Agreement (New Plan Excel Realty Trust Inc), Term Loan Agreement (New Plan Excel Realty Trust Inc)

Notes as Evidence of Indebtedness. The Loan of each Lender shall shall, if requested by such Lender, be evidenced by a promissory note of the Borrower, substantially in the form of Exhibit H, with appropriate insertions therein as to date and principal amount (each, as endorsed or modified from time to time, a “Note” and, collectively with the Notes of all other Lenders, the “Notes”), payable to the order of such Lender for the account of its Applicable Lending Office in the initial principal face amount equal to the original amount of the Commitment of such Lender and representing the obligation of the Borrower to pay the lesser of (ai) the original amount of the Commitment of such Lender and (bii) the aggregate unpaid principal balance of all Loans of such Lender, plus interest and other amounts due and owing to the Lenders under the Loan Documents.

Appears in 1 contract

Samples: Secured Term Loan Agreement (New Plan Excel Realty Trust Inc)

Notes as Evidence of Indebtedness. The Loan Revolving Credit Loans of each Lender made as Conventional Advances shall be evidenced by a promissory note of the Borrower, substantially in the form of Exhibit H, with appropriate insertions therein as to date and principal amount (each, as endorsed or modified from time to time, a "Note" and, collectively with the Notes of all other Lenders, the "Notes"), payable to the order of such Lender for the account of its Applicable Lending Office in the initial principal face amount equal to the original amount of the Commitment of such Lender and representing the obligation of the Borrower to pay the lesser of (a) the original amount of the Commitment of such Lender and (b) the aggregate unpaid principal balance of all Revolving Credit Loans of such Lender, made as a Conventional Advances plus interest and other amounts due and owing to the Lenders under the Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (New Plan Excel Realty Trust Inc)

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Notes as Evidence of Indebtedness. The Loan Revolving Credit Loans of each Lender made as Conventional Advances and the Term Loans of each Lender shall be evidenced by a promissory note of the Borrower, substantially in the form of Exhibit H, with appropriate insertions therein as to date and principal amount (each, as endorsed or modified from time to time, a "Note" and, collectively with the Notes of all other Lenders, the "Notes"), payable to the order of such Lender for the account of its Applicable Lending Office in the initial principal face amount equal to the original amount of the Commitment of such Lender and representing the obligation of the Borrower to pay the lesser of (a) the original amount of the Commitment of such Lender and (b) the aggregate unpaid principal balance of all Revolving Credit Loans made as a Conventional Advances and Term Loans of such Lender, Lender plus interest and other amounts due and owing to the Lenders under the Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (New Plan Excel Realty Trust Inc)

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