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 of the Notes shall be payable to the order of each Bank in accordance with the respective Commitment Ratio of the Bank. The Notes shall be issued by the Borrower to each of the Banks and shall be duly executed and delivered by Authorized Signatories. (b) Each Bank may open and maintain on its books in the name of the Borrower a loan account with respect to the Loans and interest thereon. Each Bank which opens such loan account or accounts shall debit the applicable loan account for the principal amount 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 the Loans. The records of each Bank with respect to the accounts maintained by it shall be prima facie evidence of the Loans and accrued interest thereon, but the failure to maintain such records shall not impair the obligation of the Borrower to repay Indebtedness hereunder. (c) Each Advance from the Banks under this Agreement shall be made pro rata on the basis of their respective Commitment Ratios.

Appears in 2 contracts

Samples: Loan Agreement (Irt Property Co), Loan Agreement (Irt Property Co)

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Notes; Loan Accounts. (a) The Loans Term Loan and the Revolving Loan shall be repayable in accordance with the terms and provisions set forth hereinherein and, and in each case, shall be evidenced by the Notes. One of the Notes shall be payable to the order of each Bank in accordance with the respective Commitment Ratio of the Bank. The Notes shall be issued by the Borrower to each of the Banks Lenders and shall be duly executed and delivered by an Authorized SignatoriesSignatory 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 which it shall credit the Loans proceeds of the Term Loan and Revolving Loan made by it and interest thereon. Each Bank which If such Lender opens such loan account or accounts account, it shall debit the applicable loan account for the principal amount 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 the LoansLoans made by it. The records of each Bank such Lender with respect to the loan accounts maintained by it shall be shall, subject to Section 9.5(k), be, absent manifest error, prima facie evidence of the Loans made by it and accrued interest thereon, but the failure to maintain such records shall not impair the obligation obligations of the Borrower to repay Indebtedness hereunderpay all Obligations. (c) Each Advance from the Banks under this Agreement shall be made pro rata on the basis of their respective Commitment Ratios.

Appears in 1 contract

Samples: Loan Agreement (Hca Inc/Tn)

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 of the Notes Facility A Note, one Facility B Note and one Facility C Note shall be payable to the order of each Bank in accordance with the respective Commitment Ratio of the Bankapplicable Lender. The Notes shall be issued issued, on a joint and several basis, by the Borrower Borrowers to the Lenders and each of the Banks and 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 the Loans and interest thereon. Each Bank Lender which opens such loan account or accounts shall debit the applicable such loan account for the principal amount 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 the its Loans. The records of each Bank a Lender with respect to the accounts loan account maintained by it shall be prima facie evidence of the Loans and accrued interest thereon, but the failure to maintain such records shall not impair the obligation of the Borrower to repay Indebtedness hereunder. (c) Each Advance from the Banks under this Agreement shall be made pro rata on the basis of their respective Commitment Ratios.

Appears in 1 contract

Samples: Loan Agreement (Charter Communications Southeast Holdings Lp)

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 of the Notes shall be payable to the order of each Bank in accordance with the respective Commitment Ratio of the Bank. The Notes shall be issued by the Borrower to each of the Banks and shall be duly executed and delivered by an Authorized SignatoriesSignatory. (b) Each Bank may open and maintain on its books in the name of the Borrower a loan account with respect to the Loans and interest thereon. Each Bank which opens such loan account or accounts shall debit the applicable loan account for the principal amount 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 the Loans. The records of each Bank with respect to the loan accounts maintained by it shall be be, absent manifest error, prima facie evidence of the Loans and accrued interest thereon, but the failure to maintain such records shall not impair the obligation of the Borrower to repay Indebtedness hereunder. (c) Each Advance from the Banks under this Agreement shall be made pro rata on the basis of their respective Commitment Ratios.

Appears in 1 contract

Samples: Revolving Loan Agreement (Tci Music 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 of the Notes shall be payable to the order of each Bank in accordance with the respective Commitment Ratio of the Bank. The Notes shall be issued by the Borrower to each of the Banks and shall be duly executed and delivered by Authorized Signatories. (b) Each Bank may open and maintain on its books in the name of the Borrower a loan account with respect to the Loans and interest thereonthereon and a letter of credit account with respect to its obligations pursuant to Letters of Credit. Each Bank which opens such loan account or accounts shall debit the applicable loan account for the principal amount of each Advance Loan made by it and accrued interest thereon, and shall credit such loan account for each payment on account of principal of or interest on the Loans. The records of each Bank with respect to the accounts maintained by it shall be prima facie evidence of the Loans and Letter of Credit Obligations and accrued interest thereon, but the failure to maintain such records shall not impair the obligation of the Borrower to repay Indebtedness hereunder. (c) Each Advance from the Banks under this Agreement shall be made pro rata on the basis of their respective Commitment Ratios.

Appears in 1 contract

Samples: Credit Agreement (Cousins Properties Inc)

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Notes; Loan Accounts. (a) The Loans shall be repayable in accordance with the terms and provisions set forth herein. If requested by a Lender, one (1) Revolving Loan Note duly executed and shall be evidenced delivered by the Notes. One one or more Authorized Signatories of the Notes shall be payable to the order of each Bank in accordance with the respective Commitment Ratio of the Bank. The Notes Borrower, shall be issued by the Borrower and payable to each of the Banks and shall be duly executed and delivered by Authorized Signatoriessuch Lender in accordance with such Xxxxxx’s applicable Commitment Ratio for Revolving Loans. (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 or accounts shall debit the applicable 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 the its Loans. The records of each Bank a Lender with respect to the accounts loan account maintained by it shall be prima facie evidence of its portion of the Loans and accrued interest thereonthereon absent manifest error, but the failure of any Lender to maintain make any such records notations or any error or mistake in such notations shall not impair affect the obligation of the Borrower Borrower’s repayment obligations with respect to repay Indebtedness hereundersuch Loans. (c) Each Advance from the Banks under this Agreement shall be made pro rata on the basis of their respective Commitment Ratios.

Appears in 1 contract

Samples: Revolving Credit Agreement (American Tower Corp /Ma/)

Notes; Loan Accounts. (a) The Loans shall be repayable in accordance with the terms and provisions set forth herein, herein and shall be evidenced by the Notes. One of the Notes One (1) Facility A Note shall be payable to the order of each Bank Lender, in accordance with the their respective Commitment Ratio of the BankRatios. The Notes shall be issued by the Borrower to each of the Banks Lenders and shall be duly executed and delivered by one (1) 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 the Loans and interest thereon. Each Bank Lender which opens such a loan account or accounts shall debit the applicable such loan account for the principal amount of each Advance made by it it, and accrued interest thereon, and shall credit such loan account for each payment on account of principal of or interest on the its Loans. The records of each Bank a Lender with respect to the accounts loan account maintained by it shall be prima facie evidence of the Loans and accrued interest thereon, but the failure of any Lender to maintain make any such records notations or any error or mistake in such notations shall not impair affect the obligation of the Borrower Borrower's repayment obligations with respect to repay Indebtedness hereundersuch Loans. (c) Each Advance from the Banks under this Agreement shall be made pro rata on the basis of their respective Commitment Ratios.

Appears in 1 contract

Samples: Loan Agreement (Vanguard Cellular Systems Inc)

Notes; Loan Accounts. (a) The Loans shall be repayable in accordance with the terms and provisions set forth herein, herein and shall be evidenced by the Notes. One of the Notes One (1) Facility B Note shall be payable to the order of each Bank Lender, in accordance with the their respective Commitment Ratio of the BankRatios. The Notes shall be issued by the Borrower to each of the Banks Lenders and shall be duly executed and delivered by one (1) 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 the Loans and interest thereon. Each Bank Lender which opens such a loan account or accounts shall debit the applicable such loan account for the principal amount of each Advance made by it it, and accrued interest thereon, and shall credit such loan account for each payment on account of principal of or interest on the its Loans. The records of each Bank a Lender with respect to the accounts loan account maintained by it shall be prima facie evidence of the Loans and accrued interest thereon, but the failure of any Lender to maintain make any such records notations or any error or mistake in such notations shall not impair affect the obligation of the Borrower Borrower's repayment obligations with respect to repay Indebtedness hereundersuch Loans. (c) Each Advance from the Banks under this Agreement shall be made pro rata on the basis of their respective Commitment Ratios.

Appears in 1 contract

Samples: Loan Agreement (Vanguard Cellular Systems Inc)

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