Common use of Presentment of Note Not Required Clause in Contracts

Presentment of Note Not Required. So long as the Note shall be pledged with the Trustee under the Indenture, payments of principal thereof and interest thereon, shall be made without need for any presentment of the Note, but payments of principal shall be noted thereon by the Trustee.

Appears in 7 contracts

Samples: Loan Agreement (Rollins Truck Leasing Corp), Loan Agreement (Rollins Truck Leasing Corp), Assignment of Loan Agreement (Rollins Truck Leasing Corp)

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Presentment of Note Not Required. So long as the Note shall be pledged with the Trustee under the Indenture, payments of principal thereof thereof, and premium, if any, and interest thereon, shall be made without need for any presentment of the Note, but payments of principal shall be noted thereon by the Trustee.

Appears in 1 contract

Samples: Loan Agreement (Rollins Truck Leasing Corp)

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