Common use of Repayment of Loan; Evidence of Debt Clause in Contracts

Repayment of Loan; Evidence of Debt. (a) The Borrower unconditionally promises to pay to Oaktree, or any successor or permitted assignee or third party beneficiary thereof, on the applicable Maturity Date (or such earlier date on which the Loan becomes due and payable pursuant to Section 7), the then unpaid principal amount of the Loan due and payable on such Maturity Date (or such earlier date on which the Loan becomes due and payable pursuant to Section 7). The Borrower further agrees to pay interest on the unpaid principal amount of the Loan as set forth in Section 2.3. (b) The Borrower’s unconditional promise to pay the Loan and any interest thereon shall be evidenced by the Note, which shall be executed and delivered by the Borrower on the 1A Closing Date in connection with the making of the Loan by the Lender.

Appears in 2 contracts

Samples: Loan Agreement (OCM HoldCo, LLC), Loan Agreement (OCM HoldCo, LLC)

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Repayment of Loan; Evidence of Debt. (a) The Borrower unconditionally promises to pay to OaktreeLandCo, or any successor or permitted assignee or third party beneficiary thereof, on the applicable Maturity Date (or such earlier date on which the Loan becomes due and payable pursuant to Section 7), the then unpaid principal amount of the Loan due and payable on such Maturity Date (or such earlier date on which the Loan becomes due and payable pursuant to Section 7). The Borrower further agrees to pay interest on the unpaid principal amount of the Loan as set forth in Section 2.3. (b) The Borrower’s unconditional promise to pay the Loan and any interest thereon shall be evidenced by the Note, which shall be executed and delivered by the Borrower on the 1A Closing Date in connection with the making of the Loan by the Lender.

Appears in 1 contract

Samples: Loan Agreement (OCM HoldCo, LLC)

Repayment of Loan; Evidence of Debt. (a) The Borrower unconditionally promises to pay to OaktreeLender, or any successor or permitted assignee or third party beneficiary thereof, on the applicable Maturity Date (or such earlier date on which the Loan becomes due and payable pursuant to Section 7), the then unpaid principal amount of the Loan due and payable on such Maturity Date (or such earlier date on which the Loan becomes due and payable pursuant to Section 7). The Borrower further agrees to pay interest on the unpaid principal amount of the Loan as set forth in Section 2.3. (b) The Borrower’s unconditional promise to pay the Loan and any interest thereon shall be evidenced by the Note, which shall be executed and delivered by the Borrower on the 1A 1B Closing Date in connection with the making of the Loan by the Lender.

Appears in 1 contract

Samples: Loan Agreement (OCM HoldCo, LLC)

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Repayment of Loan; Evidence of Debt. (a) The Borrower unconditionally promises to pay to OaktreeLender, or any successor or permitted assignee or third party beneficiary thereof, on the applicable Maturity Date (or such earlier date on which the Loan becomes due and payable pursuant to Section 7), the then unpaid principal amount of the Loan due and payable on such Maturity Date (or such earlier date on which the Loan becomes due and payable pursuant to Section 7). The Borrower further agrees to pay interest on the unpaid principal amount of the Loan as set forth in Section 2.3. (b) The Borrower’s unconditional promise to pay the Loan and any interest thereon shall be evidenced by the NoteNotes, which shall be executed and delivered by the Borrower on the 1A 1B Closing Date in connection with the making of the Loan by the Lender.

Appears in 1 contract

Samples: Loan Agreement (OCM HoldCo, LLC)

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