Common use of Notes; Loan Accounts Clause in Contracts

Notes; Loan Accounts. (a) The Loans shall be repayable in accordance with the terms and provisions set forth herein and shall be evidenced by the Notes. One Facility A Note, one Facility B Note and one Facility C Note shall be payable to the order of each Bank for such Commitment, in accordance with such Bank's respective Commitment Ratio for the applicable Commitment. The Notes shall be issued by the Borrower to the Banks and shall be duly executed and delivered by one or more Authorized Signatories. (b) Each Bank may open and maintain on its books in the name of the Borrower a loan account with respect to its portion of the Loans and interest thereon. Each Bank which opens such a loan account shall debit such loan account for the principal amount of its portion of each Advance made by it and accrued interest thereon, and shall credit such loan account for each payment on account of principal of or interest on its Loans. The records of a Bank with respect to the loan account maintained by it shall be prima facie evidence of its portion of the Loans and accrued interest thereon absent manifest error, but the failure of any Bank to make any such notations or any error or mistake in such notations shall not affect the Borrower's repayment obligations with respect to such Loans.

Appears in 2 contracts

Samples: Loan Agreement (Metrocall Inc), Loan Agreement (Metrocall Inc)

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Notes; Loan Accounts. (a) The Loans shall be repayable in accordance with the terms and provisions set forth herein and shall be evidenced by herein. Upon the Notes. One Facility A Noterequest of any Lender, one Facility B Note and one Facility C Note shall be payable to the order of each Bank for such Commitment, in accordance with such Bank's respective Commitment Ratio for the applicable Commitment. The Notes shall be issued by the Borrower to the Banks and order of such Lender reflecting the amount of such Lender's Commitments under this Agreement. Any Notes issued by the Borrower to the order of any requesting Lender shall be duly executed and delivered by one or more Authorized SignatoriesSignatories of the Borrower. (b) Each Bank Lender may open and maintain on its books in the name of the Borrower a loan account with respect to its such Lender's portion of the Loans and interest thereon. Each Bank Lender which opens such a loan account shall debit such loan account for the principal amount of its portion of each Advance made by it and accrued interest thereon, thereon and shall credit such loan account for each payment on account of principal of or interest on its Loans. The records of a Bank Lender with respect to the loan account maintained by it shall be prima facie evidence of its portion of the Loans of such Lender, and accrued interest thereon absent manifest errorthereon, but the failure of any Bank Lender to maintain such records or to make any such notations notations, or any error or mistake in such notations notations, shall not affect the Borrower's repayment obligations with respect to such Loans.

Appears in 2 contracts

Samples: Credit Agreement (Ziff Davis Intermediate Holdings Inc), Credit Agreement (Etesting Labs Inc)

Notes; Loan Accounts. (a) The Loans shall be repayable in accordance with the terms and provisions set forth herein and shall be evidenced by the Notes. One Facility A Note, one Facility B Note and one Facility C B Note shall be payable to the order of each Bank for such Commitment, in accordance with such Bank's respective Commitment Ratio for the applicable Commitment. The Notes shall be issued by the Borrower to the Banks and shall be duly executed and delivered by one or more Authorized Signatories. (b) Each Bank may open and maintain on its books in the name of the Borrower a loan account with respect to its portion of the Loans and interest thereon. Each Bank which opens such a loan account shall debit such loan account for the principal amount of its portion of each Advance made by it and accrued interest thereon, and shall credit such loan account for each payment on account of principal of or interest on its Loans. The records of a Bank with respect to the loan account maintained by it shall be prima facie evidence of its portion of the Loans and accrued interest thereon absent manifest error, but the failure of any Bank to make any such notations or any error or mistake in such notations shall not affect the Borrower's repayment obligations with respect to such Loans.

Appears in 2 contracts

Samples: Loan Agreement (Metrocall Inc), Loan Agreement (Metrocall Inc)

Notes; Loan Accounts. (a) The Loans shall be repayable in accordance with the terms and provisions set forth herein and shall be evidenced by the Notes. One Facility A Note, one Facility B Note and one Facility C B Note shall be payable to the order of each Bank Lender for such Commitment, in accordance with such BankLender's respective Commitment Ratio for the applicable Commitment. The Notes shall be issued by the Borrower to the Banks Lenders and shall be duly executed and delivered by one or more Authorized Signatories. (b) Each Bank Lender may open and maintain on its books in the name of the Borrower a loan account with respect to its portion of the Loans and interest thereon. Each Bank Lender which opens such a loan account shall debit such loan account for the principal amount of its portion of each Advance made by it and accrued interest thereon, and shall credit such loan account for each payment on account of principal of or interest on its Loans. The records of a Bank Lender with respect to the loan account maintained by it shall be prima facie evidence of its portion of the Loans and accrued interest thereon absent manifest error, but the failure of any Bank Lender to make any such notations or any error or mistake in such notations shall not affect the Borrower's repayment obligations with respect to such Loans.

Appears in 2 contracts

Samples: Loan Agreement (Metrocall Inc), Loan Agreement (Metrocall Inc)

Notes; Loan Accounts. (a) The Loans shall be repayable in accordance with the terms and provisions set forth herein and shall be evidenced by the Notes (and, if applicable, the Incremental Facility Notes). One Facility A Note, one Facility B Note and one Facility C Note shall be payable to the order of each Bank for such CommitmentBank, in accordance with such Bank's respective Commitment Ratio for the applicable CommitmentRatio. The Notes shall be issued by the Borrower to the Banks and shall be duly executed and delivered by one or more Authorized Signatories. (b) Each Bank may open and maintain on its books in the name of the Borrower a loan account with respect to its portion of the Loans and interest thereon. Each Bank which opens such a loan account shall debit such loan account for the principal amount of its portion of each Advance made by it and accrued interest thereon, and shall credit such loan account for each payment on account of principal of or interest on its Loans. The records of a Bank with respect to the loan account maintained by it shall be prima facie evidence of ----- ----- its portion of the Loans and accrued interest thereon absent manifest error, but the failure of any Bank to make any such notations or any error or mistake in such notations shall not affect the Borrower's repayment obligations with respect to such Loans.

Appears in 1 contract

Samples: Loan Agreement (Teleport Communications Group Inc)

Notes; Loan Accounts. (a) The Loans shall be repayable in accordance with the terms and provisions set forth herein and shall be evidenced by the Notes (and, if applicable, the Incremental Facility Notes). One Facility A Note, one Facility B Term Loan Note and one Facility C Revolving Loan Note shall be payable to the order of each Bank for such CommitmentLender, in accordance with such BankLender's respective Term Loan Commitment Ratio for the applicable Commitmentand Revolving Loan Commitment Ratio, respectively. The Notes shall be issued by the Borrower to the Banks Lenders and shall be duly executed and delivered by one or more Authorized Signatories. (b) Each Bank Lender may open and maintain on its books in the name of the Borrower a loan account with respect to its portion of the Loans and interest thereon. Each Bank Lender which opens such a loan account shall debit such loan account for the principal amount of its portion of each Advance made by it and accrued interest thereon, and shall credit such loan account for each payment on account of principal of or interest on its Loans. The records of a Bank Lender with respect to the loan account maintained by it shall be prima facie evidence of its portion of the Loans and accrued interest thereon absent manifest error, but the failure of any Bank Lender to make any such notations or any error or mistake in such notations shall not affect the Borrower's repayment obligations with respect to such Loans.

Appears in 1 contract

Samples: Loan Agreement (Rural Cellular Corp)

Notes; Loan Accounts. (a) The Loans shall be repayable in accordance with the terms and provisions set forth herein and shall be evidenced by the Notes, if requested by a Lender. One Facility A Revolving Note, one Facility B Note and one Facility C Term Loan B Note shall be payable to the order of each Bank for Lender and its registered assigns, if requested by such CommitmentLender, in accordance with such BankLender's respective applicable Commitment Ratio for the applicable CommitmentRatio. The Such Notes shall be issued by the Borrower to any Lender upon the Banks request of such Lender and shall be duly executed and delivered by one or more Authorized Signatories. (b) Each Bank Lender may open and maintain on its books in the name of the Borrower a loan account with respect to its portion of the Loans and interest thereon. Each Bank Lender which opens such a loan account shall debit such loan account for the principal amount of its portion of each Advance made by it and accrued interest thereon, and shall credit such loan account for each payment on account of principal of or interest on its Loans. The records of a Bank Lender with respect to the loan account maintained by it shall be prima facie evidence of its portion of the Loans and accrued interest thereon absent manifest error, but the failure of any Bank Lender to make any such notations or any error or mistake in such notations shall not affect the Borrower's repayment obligations with respect to such Loans.

Appears in 1 contract

Samples: Credit Agreement (CBD Media LLC)

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Notes; Loan Accounts. (a) The Loans shall be repayable in accordance with the terms and provisions set forth herein and shall be evidenced by herein. Upon the Notes. One Facility A Noterequest of any Lender, one Facility B Note and one Facility C Note shall be payable to the order of each Bank for such Commitment, in accordance with such Bank's respective Commitment Ratio for the applicable Commitment. The Notes shall be issued by the Borrower Borrowers and payable to the Banks and order of such Lender reflecting the amount of such Lender's Commitments under the Credit Facilities. Any Notes issued by the Borrowers to Lenders requesting a Note shall be duly executed and delivered by one or more Authorized Signatories. (b) Each Bank Lender may open and maintain on its books in the name of the Borrower Borrowers a loan account with respect to its such Lender's portion of the Loans and interest thereon. Each Bank Lender which opens such a loan account shall debit such loan account for the principal amount of its portion of each Advance made by it and accrued interest thereon, thereon and shall credit such loan account for each payment on account of principal of or interest on its LoansLoan. The records of a Bank Lender with respect to the loan account maintained by it shall be prima facie evidence of its portion of the Loans and accrued interest thereon thereon, absent manifest error, but the failure of any Bank Lender to make any such notations or any error or mistake in such notations shall not affect the Borrower's Borrowers' repayment obligations with respect to such the Loans.

Appears in 1 contract

Samples: Credit Agreement (Voicestream Wireless Corp /De)

Notes; Loan Accounts. (a) The Loans shall be repayable in accordance with the terms and provisions set forth herein and shall be evidenced by the Notes. One Facility A Note, one Facility B Note and one Facility C B Note shall be payable to the order of each Bank for such CommitmentBank, in accordance with such Bank's respective Commitment Ratio for the applicable CommitmentRatio. The Notes shall be issued by the Borrower to the Banks and shall be duly executed and delivered by one or more Authorized Signatories. (b) Each Bank may open and maintain on its books in the name of the Borrower a loan account with respect to its portion of the Loans and interest thereon. Each Bank which opens such a loan account shall debit such loan account for the principal amount of its portion of each Advance made by it and accrued interest thereon, and shall credit such loan account for each payment on account of principal of or interest on its Loans. The records of a Bank with respect to the loan account maintained by it shall be prima facie evidence of its portion of the Loans and accrued interest thereon absent manifest error, but the failure of any Bank to make any such notations or any error or mistake in such notations shall not affect the Borrower's repayment obligations with respect to such Loans.

Appears in 1 contract

Samples: Loan Agreement (Metrocall Inc)

Notes; Loan Accounts. (a) The Loans shall be repayable in accordance with the terms and provisions set forth herein and and, if requested, shall be evidenced by the Notes. One Facility (1) Revolving Loan Note, one (1) Term Loan A Note, one (1) DDTL Note and, if applicable, one (1) Incremental Facility B Note and one Facility C Note Note, shall be payable to the order of each Bank for such Commitment, applicable Lender in accordance with such Bank's respective Lender’s applicable Commitment Ratio for Revolving Loans, the applicable CommitmentTerm Loan A Loans, the DDT Loans and, if applicable, the Incremental Facility Loans. The Notes shall be issued by the Borrower to upon the Banks request of any Lender in connection with the Commitments or Loans held by it and shall be duly executed and delivered by one or more Authorized Signatories. (b) Each Bank Lender may open and maintain on its books in the name of the Borrower a loan account with respect to its portion of the Loans and interest thereon. Each Bank Lender which opens such a loan account shall debit such loan account for the principal amount of its portion of each Advance made by it and accrued interest thereon, and shall credit such loan account for each payment on account of principal of or interest on its Loans. The records of a Bank Lender with respect to the loan account maintained by it shall be prima facie evidence of its portion of the Loans and accrued interest thereon absent manifest error, but the failure of any Bank Lender to make any such notations or any error or mistake in such notations shall not affect the Borrower's ’s repayment obligations with respect to such Loans.

Appears in 1 contract

Samples: Loan Agreement (American Tower Corp /Ma/)

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