Common use of Renewal and Extension Clause in Contracts

Renewal and Extension. This Note is given replacement, renewal and/or extension of, but not extinguishing the indebtedness evidenced by, those Line of Credit Notes dated May 31, 2002 executed by the Borrower in the original principal amount of One Million Five Hundred Thousand and 00/100 Dollars ($1,500,000.00) and One Million and 00/100 Dollars ($1,000,000.00), including previous renewals or modifications thereof, if any (the "Prior Note"), and is not a novation thereof. All interest evidenced by the Prior Note shall continue to be due and payable until paid. If applicable, all Collateral continues to secure the payment of this Note and the Liabilities. The provisions of this Note are effective on May 31, 2003.

Appears in 1 contract

Samples: Credit Agreement (Taser International Inc)

AutoNDA by SimpleDocs

Renewal and Extension. This Note is given in replacement, renewal and/or extension of, but not extinguishing the indebtedness evidenced by, those Line of that Promissory Note (Revolving Credit Notes Note) dated May 31February 1, 2002 2003 executed by the Borrower in the original principal amount of One Million Five Hundred Thousand and 00/100 Dollars ($1,500,000.00) and One Million and 00/100 Dollars ($1,000,000.00), including previous renewals or modifications thereof, if any (the "Prior Note"), and is not a novation thereof. All interest evidenced by the Prior Note shall continue to be due and payable until paid. If applicable, all Collateral continues to secure the payment of this Note and the Liabilities. The provisions of this Note are effective on May 31, 2003February 1,2005.

Appears in 1 contract

Samples: U S Global Investors Inc

Renewal and Extension. This Note is given in replacement, renewal and/or extension of, but not extinguishing the indebtedness evidenced by, those that Line of Credit Notes Note dated May 31April 13, 2002 2004 executed by the Borrower in the original principal amount of One Million Five Hundred Thousand and 00/100 Dollars ($1,500,000.00) and One Fifteen Million and 00/100 Dollars ($1,000,000.0015,000,000.00), including previous renewals or modifications thereof, if any (the "Prior Note"), and is not a novation thereof. All interest evidenced by the Prior Note shall continue to be due and payable until paid. If applicable, all Collateral continues to secure the payment of this Note and the Liabilities. The provisions of this Note are effective on May 31, 2003the date that this Note has been executed by all of the signers and delivered to the Bank.

Appears in 1 contract

Samples: Patrick Industries Inc

Renewal and Extension. This Note is given in replacement, renewal and/or extension of, but not extinguishing the indebtedness evidenced by, those that Line of Credit Notes Note dated May 31, 2002 2003 executed by the Borrower in the original principal amount of One Two Million Five Hundred Thousand and 00/100 Dollars ($1,500,000.00) and One Million and 00/100 Dollars ($1,000,000.002,500,000.00), including previous renewals or modifications thereof, if any (the "Prior Note"), and is not a novation thereof. All interest evidenced by the Prior Note shall continue to be due and payable until paid. If applicable, all Collateral continues to secure the payment of this Note and the Liabilities. The provisions of this Note are effective on May 31June 30, 20032004.

Appears in 1 contract

Samples: Logo) Credit Agreement (Taser International Inc)

AutoNDA by SimpleDocs

Renewal and Extension. This Note is given in replacement, renewal and/or extension of, but not extinguishing the indebtedness evidenced by, those that Line of Credit Notes Note dated May 31June 30, 2002 2004 executed by the Borrower in the original principal amount of One Million Five Hundred Thousand and 00/100 Dollars ($1,500,000.00) and One Twenty Million and 00/100 Dollars ($1,000,000.0020,000,000.00), including previous renewals or modifications thereof, if any (the "Prior Note"), and is not a novation thereof. All interest evidenced by the Prior Note shall continue to be due and payable until paid. If applicable, all Collateral continues to secure the payment of this Note and the Liabilities. The provisions of this Note are effective on May 31, 2003the date that this Note has been executed by all of the signers and delivered to the Bank.

Appears in 1 contract

Samples: Note Modification Agreement (Flexsteel Industries Inc)

Renewal and Extension. This Note is given in replacement, renewal and/or extension of, but not extinguishing the indebtedness evidenced by, those Line of that Revolving Credit Notes Note dated May 31January 28, 2002 2000 executed by the Borrower in the original principal amount of One Million Five Hundred Thousand and 00/100 Dollars ($1,500,000.00) and One Ten Million and 00/100 Dollars ($1,000,000.0010,000,000.00), including previous renewals or modifications thereof, if any (the "Prior Note"), and is not a novation thereof. All interest evidenced by the Prior Note shall continue to be due and payable until paid. If applicable, all Collateral continues to secure the payment of this Note and the Liabilities. The provisions of this Note are effective on May 31April 11, 2003.

Appears in 1 contract

Samples: Credit Facilities (Patrick Industries Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!