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

Repayment of the Loan; Evidence of Debt. (a) The Company hereby unconditionally promises to pay to the Lender the then unpaid principal amount of the Loan in accordance with the terms hereof and the Note. The Company hereby further agrees to pay interest on the unpaid principal amount of the Loan from time to time outstanding from the date hereof until payment in full thereof at the rates per annum, and on the dates, set forth in Section 2.06. (b) The Lender shall maintain a Register (the "Register") in which shall be recorded (i) the amount of the Loan made hereunder, (ii) the amount of any principal or interest due and payable or to become due and payable from the Company to the Lender hereunder and (iii) the amount of any sum received by the Lender hereunder from the Company. (c) The entries made in the Register to the extent permitted by applicable law, shall be prima facie evidence of the existence and amounts of the obligations of the Company therein recorded; provided, however, that the failure of the Lender to maintain the Register, or any error therein, shall not in any manner affect the obligation of the Company to repay (with applicable interest) the Loan made to the Company by the Lender in accordance with the terms of this Agreement. (d) The Company agrees that, upon the request of the Lender, the Company will execute and deliver to the Lender the Note evidencing the Loan, with appropriate insertions as to date and principal amount.

Appears in 1 contract

Samples: Loan Agreement (NRG Generating U S Inc)

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Repayment of the Loan; Evidence of Debt. (a) The Company Subject to the terms of the Intercreditor Agreement and Section 3.2(b), the Borrower hereby unconditionally promises to pay to the Lender the then unpaid principal amount of the Loan in accordance (including any unpaid Original Principal and Capitalized Interest Amount with respect thereto) on the terms hereof and the NoteMaturity Date. The Company Borrower hereby further agrees to pay to the Lender interest on the unpaid principal amount of the Loan (including any unpaid Original Principal and Capitalized Interest Amount with respect thereto) from time to time outstanding from the date hereof until payment in full thereof at the rates per annum, annum and on in the dates, manner set forth in Section 2.063.2 hereof. (b) The Lender Administrative Agent shall maintain a Register (an account evidencing indebtedness of the "Register") in which shall be recorded Borrower to the Lender resulting from the Loan made hereunder, including (i) the amount outstanding Original Principal of the Loan made hereunder, (ii) the unpaid principal amount of the Loan and any principal or accrued and unpaid interest due outstanding in respect of the Loan, (iii) any Capitalized Interest Amount with respect thereto and payable or to become due accrued and payable from the Company to the Lender hereunder unpaid interest outstanding in respect thereof and (iiiiv) the amount of any sum received by the Lender hereunder from the CompanyBorrower in respect of the Loan and the manner in which it was applied. (c) The entries made in the Register account of the Administrative Agent maintained pursuant to Section 2.3(b) hereof shall, to the extent permitted by applicable law, shall be prima facie evidence of the existence and amounts of the obligations of the Company Borrower therein recorded; provided, however, that the failure of the Lender to maintain the Registersuch account, or any error therein, shall not in any manner affect the obligation of the Company Borrower to repay (with applicable interest) the Loan made to the Company by the Lender in accordance with the terms of this Agreement. (d) The Company agrees that, upon the request of the Lender, the Company will execute and deliver to the Lender the Note evidencing the Loan, with appropriate insertions as to date and principal amount.

Appears in 1 contract

Samples: Junior Lien Credit Agreement (Tekni Plex Inc)

Repayment of the Loan; Evidence of Debt. (a) The Company Borrower hereby unconditionally promises to pay to the Lender the then unpaid principal amount of the Loan in accordance with on the terms hereof and the NoteMaturity Date. The Company Borrower hereby further agrees to pay to the Lender interest on the unpaid principal amount of the Loan from time to time outstanding from the date hereof until payment in full thereof at the rates per annum, annum and on in the dates, manner set forth in Section 2.063.3 hereof. (b) The Lender shall maintain a Register (an account evidencing indebtedness of the "Register") in which shall be recorded Borrower to the Lender resulting from the Loan made hereunder, including (i) the amount original principal of the such Loan made hereunder, (ii) the unpaid principal amount of the Loan and any principal or accrued and unpaid interest due and payable or to become due and payable from outstanding in respect of the Company to the Lender hereunder Loan and (iii) the amount of any sum received by the Lender hereunder from the CompanyBorrower in respect of the Loan and the manner in which it was applied. (c) The entries made in the Register account of the Lender maintained pursuant to Section 2.3(b) hereof shall, to the extent permitted by applicable law, shall be prima facie evidence of the existence and amounts of the obligations of the Company Borrower therein recorded; provided, however, that the failure of the Lender to maintain the Registersuch account, or any error therein, shall not in any manner affect the obligation of the Company Borrower to repay (with applicable interest) the Loan made to the Company by the Lender in accordance with the terms of this Agreement. (d) The Company agrees that, upon the request of the Lender, the Company will execute and deliver to the Lender the Note evidencing the Loan, with appropriate insertions as to date and principal amount.

Appears in 1 contract

Samples: Senior Subordinated Term Loan Agreement (Revlon Consumer Products Corp)

Repayment of the Loan; Evidence of Debt. (a) The Company hereby unconditionally promises to pay to the Lender the then unpaid principal amount of the Loan Loans in accordance with the terms hereof and the Note. The Company hereby further agrees to pay interest on the unpaid principal amount of the Loan from time to time outstanding from the date hereof until payment in full thereof at the rates per annum, and on the dates, set forth in Section 2.06. (b) The Lender shall maintain a Register (the "Register") in which shall be recorded (i) the amount of the each Loan made hereunder, (ii) the amount of any principal or interest due and payable or to become due and payable from the Company to the Lender hereunder and (iii) the amount of any sum received by the Lender hereunder from the Company. (c) The entries made in the Register to the extent permitted by applicable law, shall be prima facie evidence of the existence and amounts of the obligations of the Company therein recorded; provided, however, that the failure of the Lender to maintain the Register, or any error therein, shall not in any manner affect the obligation of the Company to repay (with applicable interest) the Loan made to the Company by the Lender in accordance with the terms of this Agreement. (d) The Company agrees that, upon on the request of the LenderClosing Date, the Company will execute and deliver to the Lender the Note evidencing the Loan, with appropriate insertions as to date and principal amount.. ARTICLE 3

Appears in 1 contract

Samples: Supplemental Loan Agreement (NRG Generating U S Inc)

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Repayment of the Loan; Evidence of Debt. (a) The Company Borrower hereby unconditionally promises to pay pay, in Euros, to the Lender the then unpaid principal amount of the Loan on the Maturity Date, without set-off or counterclaim and with immediately available funds to the bank account of the Lender as notified in accordance with writing to the terms hereof and the NoteBorrower. The Company Borrower hereby further agrees to pay to the Lender interest on the unpaid principal amount of the Loan from time to time outstanding from the date hereof until payment in full thereof at the rates per annum, annum and on in the dates, manner set forth in Section 2.064 hereof. (b) The Lender Administrative Agent shall maintain a Register (an account evidencing indebtedness of the "Register") in which shall be recorded Borrower to the Lender resulting from the Loan made hereunder, including (i) the original principal amount of the such Loan made hereunder, (ii) the unpaid principal amount of the Loan and any principal or accrued and unpaid interest due and payable or to become due and payable from outstanding in respect of the Company to the Lender hereunder Loan and (iii) the amount of any sum received by the Lender hereunder from the CompanyBorrower in respect of the Loan and the manner in which it was applied. (c) The entries made in the Register account of the Administrative Agent maintained pursuant to Section 2(b) hereof shall, to the extent permitted by applicable law, shall be prima facie evidence of the existence and amounts of the obligations of the Company Borrower therein recorded; provided, however, that the failure of the Lender Administrative Agent to maintain the Registersuch account, or any error therein, shall not in any manner affect the obligation of the Company Borrower to repay (with applicable interest) the Loan made to the Company by the Lender in accordance with the terms of this Term Loan Agreement. (d) The Company agrees that, upon the request of the Lender, the Company will execute and deliver to the Lender the Note evidencing the Loan, with appropriate insertions as to date and principal amount.

Appears in 1 contract

Samples: Term Loan Agreement (Tekni Plex Inc)

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