Common use of Payment at Maturity; Evidence of Debt Clause in Contracts

Payment at Maturity; Evidence of Debt. (a) The Borrower agrees to pay to the Lenders on the Maturity Date the then unpaid principal amount of the Loans by deposit into the Administrative Agent’s Account. The unpaid principal amount of the Loans outstanding at any time shall be deemed reduced by any amounts paid by any Obligor pursuant to Article 7 on a dollar-for-dollar basis. (b) The Administrative Agent shall maintain in accordance with its usual practice a Register evidencing the indebtedness of the Borrower to each Lender resulting from the Loans, including the amounts of principal and interest payable and paid to the Lenders from time to time. (c) The entries made in the Register maintained pursuant to subsection (b) of this Section shall be prima facie evidence of the existence and amounts of the obligations recorded therein; provided that any failure by the Administrative Agent to maintain such Register or any error therein, which shall be promptly corrected, shall not affect the Borrower’s obligation to repay the Loans to the Lender reflected in the Register as the owner thereof in accordance with the terms of this Agreement. (d) Upon request by any Lender, the Borrower shall provide such Lender with a promissory note, substantially in the form of Exhibit F hereto, evidencing the Loan made by the Lender on the Effective Date (each, a “Note”).

Appears in 3 contracts

Samples: Term Loan Credit Agreement (International Lease Finance Corp), Term Loan Credit Agreement (ILFC Holdings, Inc.), Term Loan Credit Agreement (International Lease Finance Corp)

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Payment at Maturity; Evidence of Debt. (a) The Borrower agrees to pay to the Lenders on the Maturity Date the then unpaid principal amount of the Loans by deposit into the Administrative Paying Agent’s Account. The unpaid principal amount of the Loans outstanding at any time shall be deemed reduced by any amounts paid by any Obligor pursuant to Article 7 on a dollar-for-dollar basis. (b) The Administrative Agent shall maintain in accordance with its usual practice a Register evidencing the indebtedness of the Borrower to each Lender resulting from the Loans, including the amounts of principal and interest payable and paid to the Lenders from time to time. (c) The entries made in the Register maintained pursuant to subsection (b) of this Section shall be prima facie evidence of the existence and amounts of the obligations recorded therein; provided that any failure by the Administrative Agent to maintain such Register or any error therein, which shall be promptly corrected, shall not affect the Borrower’s obligation to repay the Loans to the Lender reflected in the Register as the owner thereof in accordance with the terms of this Agreement. (d) Upon request by any Lender, the Borrower shall provide such Lender with a promissory note, substantially in the form of Exhibit F hereto, evidencing the Loan made by the Lender on the Effective Date (each, a “Note”).

Appears in 3 contracts

Samples: Term Loan Credit Agreement, Term Loan Credit Agreement (International Lease Finance Corp), Term Loan Credit Agreement

Payment at Maturity; Evidence of Debt. (a) The Borrower agrees to pay to the Lenders on the Maturity Date the then unpaid principal amount of the Loans by deposit into the Administrative Agent’s Account. The unpaid principal amount of the Loans outstanding at any time shall be deemed reduced by any amounts paid by any Obligor Guarantor Party pursuant to Article 7 on a dollar-for-dollar basis. (b) The Administrative Agent shall maintain in accordance with its usual practice a Register an account or accounts evidencing the indebtedness of the Borrower to each Lender resulting from the Loans, including the amounts of principal and interest payable and paid to the Lenders from time to time. (c) The entries made in the Register accounts maintained pursuant to subsection (b) of this Section shall be prima facie evidence of the existence and amounts of the obligations recorded therein; provided that any failure by the Administrative Agent to maintain such Register accounts or any error therein, which shall be promptly corrected, therein shall not affect the Borrower’s obligation to repay the Loans to the Lender reflected in the Register as the owner thereof in accordance with the terms of this Agreement. (d) Upon request by any Lender, the Borrower shall provide such Lender with a promissory note, substantially in the form of Exhibit F hereto, evidencing the Loan made by the Lender on the Effective Date (each, a “Note”).

Appears in 1 contract

Samples: Term Loan Credit Agreement (International Lease Finance Corp)

Payment at Maturity; Evidence of Debt. (a) The Borrower agrees Borrowers jointly and severally agree to pay to the Lenders Lender on the Maturity Date the then unpaid principal amount of the Loans Loan by deposit into the Administrative Agent’s FRBNY Account. The unpaid principal amount of the Loans Loan outstanding at any time shall be deemed reduced by any amounts paid by any Obligor pursuant to Article 7 Borrower Party under the Borrower Party Guarantee on a dollar-for-dollar basis. (b) The Administrative Agent Lender shall maintain in accordance with its usual practice a Register an account or accounts evidencing the indebtedness of the Borrower Borrowers to each the Lender resulting from the LoansLoan, including the amounts of principal and interest payable and paid to the Lenders Lender from time to time. (c) The entries made in the Register accounts maintained pursuant to subsection (b) of this Section shall be prima facie evidence of the existence and amounts of the obligations recorded therein; provided that any failure by the Administrative Agent Lender to maintain such Register accounts or any error therein, which shall be promptly corrected, therein shall not affect the Borrower’s Borrowers’ obligation to repay the Loans to the Lender reflected in the Register as the owner thereof Loan in accordance with the terms of this Agreement. (d) Upon request by any Lender, the Borrower The Borrowers shall provide such the Lender with a promissory note, substantially in the form of Exhibit F I hereto, evidencing the Loan made by the Lender on the Effective Date (each, a the “Note”).

Appears in 1 contract

Samples: Credit Agreement (International Lease Finance Corp)

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Payment at Maturity; Evidence of Debt. (a) The Borrower agrees to pay to the Lenders on the Maturity Date the then unpaid principal amount of the Loans by deposit into the Administrative Agent’s Account. The unpaid principal amount of the Loans outstanding at any time shall be deemed reduced by any amounts paid by any Obligor Borrower Party pursuant to Article 7 on a dollar-for-dollar basis. (b) The Administrative Agent shall maintain in accordance with its usual practice a Register an account or accounts evidencing the indebtedness of the Borrower to each Lender resulting from the Loans, including the amounts of principal and interest payable and paid to the Lenders from time to time. (c) The entries made in the Register accounts maintained pursuant to subsection (b) of this Section shall be prima facie evidence of the existence and amounts of the obligations recorded therein; provided that any failure by the Administrative Agent to maintain such Register accounts or any error therein, which shall be promptly corrected, therein shall not affect the Borrower’s obligation to repay the Loans to the Lender reflected in the Register as the owner thereof in accordance with the terms of this Agreement. (d) Upon request by any Lender, the Borrower shall provide such Lender with a promissory note, substantially in the form of Exhibit F hereto, evidencing the Loan made by the Lender on the Effective Date (each, a “Note”).

Appears in 1 contract

Samples: Term Loan Credit Agreement (International Lease Finance Corp)

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