Common use of Repayment Obligations Clause in Contracts

Repayment Obligations. The obligation of any Participants to repay any amounts borrowed from the Pool shall be evidenced by: (a) A single promissory note in the form of Exhibit B dated the date of this Agreement and made payable to ASFC, which note shall be held until paid in the custody of ASFC's Treasury Management Department. (b) A loan account for a Participant (a "Participant's Account"), opened and maintained by ASFC on ASFC's records, showing loans made from the Pool to a Participant subsequent to the loan evidenced by the aforementioned single promissory note. A Participant's single promissory note payment obligation together with Participant's Account payment obligation shall constitute Participant's aggregate repayment obligation.

Repayment Obligations. The obligation of any Participants to repay any amounts borrowed from the Pool shall be evidenced by: (a) A single promissory note in the form of Exhibit B dated the date of this Agreement and made payable to ASFC, which note shall be held until paid in the custody of ASFC's Treasury Management Department. (b) A loan account for a Participant (a "Participant's Account"), opened and maintained by ASFC on ASFC's records, showing loans made from the Pool to a Participant subsequent to the loan evidenced by the aforementioned single promissory note. A Participant's single promissory note payment obligation together with Participant's Account payment obligation shall constitute Participant's aggregate repayment obligation.