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

Promise to Pay; Evidence of Debt. (a) The Borrowers jointly and severally agree to pay when due the principal amount of each Revolving Loan which is made to the Borrowers, and further 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 Lenders. The Borrowers shall execute and deliver to each Lender a promissory note to evidence the Revolving Loans owing to such Lender and agrees to execute and deliver to such Lender and any assignee of such 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)

AutoNDA by SimpleDocs

Promise to Pay; Evidence of Debt. (a) The Borrowers jointly and severally agree Borrower agrees to pay when due the principal amount of each Revolving Loan which is made to the BorrowersBorrower, and further agree 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 Borrowers 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 Technologies Inc), Credit Agreement (Stellex Industries Inc)

AutoNDA by SimpleDocs

Promise to Pay; Evidence of Debt. (a) The Borrowers jointly and severally agree to pay when due the principal amount of each Revolving DIP Loan which is made to the Borrowers, and further 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 DIP Lenders. The Upon a DIP Lender's written request, the Borrowers shall execute and deliver to each such DIP Lender a promissory note to evidence the Revolving DIP Loans owing to such DIP Lender and agrees to execute and deliver to such DIP Lender and any assignee of such 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: Master Lease Agreement (Gc Companies Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.