Common use of Promise to Pay; Evidence of Debt Clause in Contracts

Promise to Pay; Evidence of Debt. (a) The Borrower agrees to pay when due the principal amount of each Revolving Loan which is made to the Borrower, and further agrees to pay all unpaid interest accrued thereon, in accordance with the terms of this Agreement and the promissory notes evidencing the Revolving Loans owing to the Revolving Loan Lenders. The Borrower shall execute and deliver to each Revolving Loan Lender a promissory note to evidence the Revolving Loans owing to such Revolving Loan Lender and agrees to execute and deliver to such Revolving Loan Lender and any assignee of such Revolving Loan Lender such promissory notes as are necessary after giving effect to any assignment thereof pursuant to Section 13.01, each substantially in the form of Exhibit F-1 attached hereto and made a part hereof (all such promissory notes and all amendments thereto, replacements thereof and substitutions therefor being collectively referred to as the "Revolving Loan Notes"; and "Revolving Loan Note" means any one of the Revolving Loan Notes).

Appears in 2 contracts

Samples: Credit Agreement (Stellex Industries Inc), Credit Agreement (Stellex Technologies Inc)

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Promise to Pay; Evidence of Debt. (a) The Borrower agrees Borrowers jointly and severally agree to pay when due the principal amount of each Revolving Loan which is made to the BorrowerBorrowers, and further agrees agree to pay all unpaid interest accrued thereon, in accordance with the terms of this Agreement and the promissory notes evidencing the Revolving Loans owing to the Revolving Loan Lenders. The Borrower Borrowers shall execute and deliver to each Revolving Loan Lender a promissory note to evidence the Revolving Loans owing to such Revolving Loan Lender and agrees to execute and deliver to such Revolving Loan Lender and any assignee of such Revolving Loan Lender such promissory notes as are necessary after giving effect to any assignment thereof pursuant to Section 13.01, each substantially in the form of Exhibit F-1 attached hereto and made a part hereof (all such promissory notes and all amendments thereto, replacements thereof and substitutions therefor being collectively referred to as the "Revolving Loan Notes"; and "Revolving Loan Note" means any one of the Revolving Loan Notes).

Appears in 2 contracts

Samples: Credit Agreement (General Inspection Laboratories Inc), Credit Agreement (General Inspection Laboratories Inc)

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Promise to Pay; Evidence of Debt. (a) The Borrower agrees Borrowers agree to pay when due the principal amount of each Revolving DIP Loan which is made to the BorrowerBorrowers, and further agrees agree to pay all unpaid interest accrued thereon, in accordance with the terms of this Agreement and the promissory notes evidencing the Revolving DIP Loans owing to the Revolving Loan DIP Lenders. The Borrower Upon a DIP Lender's written request, the Borrowers shall execute and deliver to each Revolving Loan such DIP Lender a promissory note to evidence the Revolving DIP Loans owing to such Revolving Loan DIP Lender and agrees to execute and deliver to such Revolving Loan DIP Lender and any assignee of such Revolving Loan DIP Lender such promissory notes as are necessary after giving effect to any assignment thereof pursuant to Section 13.0112.01, each substantially in the form of Exhibit F-1 C attached hereto and made a part hereof (all such promissory notes and all amendments thereto, replacements thereof and substitutions therefor therefore being collectively referred to as the "Revolving Loan Notes"; and "Revolving Loan Note" means any one of the Revolving Loan Notes).

Appears in 1 contract

Samples: Debtor in Possession Credit Agreement (Gc Companies Inc)

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