Common use of Substitute Notes Clause in Contracts

Substitute Notes. Upon request of the Agent, each Borrower shall execute and deliver to the Agent substitute promissory notes, in form and substance satisfactory to the Agent in all respects, payable to the order of such person or entity as may be designated by the Agent; it being understood and agreed, however, that the aggregate principal amount of all outstanding promissory notes shall not exceed the Commitment Amount (plus the Swing Line Commitment Amount) as of the date such substitute note(s) are issued.

Substitute Notes. Upon request of the Agent, each Borrower ---------------- shall execute and deliver to the Agent substitute promissory notes, in form and substance satisfactory to the Agent in all respects, payable to the order of such person or entity as may be designated by the Agent; it being understood and agreed, however, that the aggregate principal amount of all outstanding promissory notes shall not exceed the Commitment Amount (plus the Swing Line Commitment Amount) as of the date any such substitute note(s) are note is issued. All costs and expenses incurred by the Agent in connection with the foregoing shall be borne by the Borrowers.

Substitute Notes. Upon request of the Agent, each Borrower ---------------- shall execute and deliver to the Agent substitute promissory notes, in form and substance satisfactory to the Agent in all respects, payable to the order of such person or entity as may be designated by the Agent; it being understood and agreed, however, that the aggregate principal amount of all outstanding promissory notes shall not exceed the Commitment Amount (plus the Swing Line Commitment Amount) as of the date any such substitute note(s) are note is issued.

Substitute Notes. Upon request of the Agent, each Borrower shall execute and deliver to the Agent substitute promissory notes, substantially in the same form and substance satisfactory to as the Agent in all respectsNotes issued on the Closing Date, payable to the order of such person or entity as may be designated by the Agent; it being understood and agreed, however, that the aggregate maximum principal amount of all outstanding promissory notes which are issued and outstanding (excluding the Swing Line Note) shall not exceed the Commitment Amount (plus the Swing Line Commitment Amount) as of the date such substitute note(s) are issued.