Term Note C Sample Clauses

Term Note C. Borrower shall evidence Term Loan C by executing and delivering to Bank Borrower’s note being in the form and substance of Exhibit E to this Agreement.
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Term Note C. Term Loan C shall be evidenced by separate promissory notes of the Borrowers in substantially the form of Exhibit J-3 hereto (each a "Term Note C"), dated the Amendment Closing Date and completed with appropriate insertions. One Term Note C shall be payable to the order of each Bank listed on Schedule 1(13) in a principal amount equal to such Bank's Term Loan C Aggregate Amount and representing the joint and several obligation of the Borrowers to pay to such Bank such principal amount or, if less, the outstanding amount of such Bank's Term Loan C Commitment Percentage of Term Loan C, plus interest accrued thereon, as set forth below. The Borrowers irrevocably authorize each Bank to make or cause to be made a notation on such Bank's Term Note Record reflecting the original principal amount of such Bank's Term Loan C Commitment Percentage of Term Loan C and, at or about the time of such Bank's receipt of any principal payment on such Bank's Term Note C an appropriate notation on such Bank's Term Note Record reflecting such payment. The aggregate unpaid amount set forth on such Bank's Term Note Record shall be prima facie evidence of the principal amount thereof owing and unpaid to such Bank, but the failure to record, or any error in so recording, any such amount on such Bank's Term Note Record shall not affect the obligations of the Borrowers hereunder or under any Term Note C to make payments of principal of and interest on any Term Note C when due.
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Term Note C. Borrower shall execute and deliver to Agent on behalf of each Lender a promissory note substantially in the form of EXHIBIT C attached hereto and made a part hereof (such promissory note together with any new notes issued pursuant to SECTION 13.3.2 upon the assignment of any portion of any Lender's Term Loan C Advance, being hereinafter referred to collectively as the "Term Notes C" and each of such promissory notes being hereinafter referred to individually as a "Term Note C"), to evidence such Lender's Term Loan C Advance to Borrower, in original principal amounts equal to the amount of such Lender's Term Loan C Commitment. Each Term Note C shall provide for payment of the Term Loan C Advance evidenced thereby as specified in SECTION 4.3 hereof.
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Term Note C. Term Note C shall be funded by a single Advance on the date of this Agreement. Unless sooner accelerated or otherwise due as provided herein or in Term Note C, the unpaid principal balance of Term Note C shall be repaid in 48 monthly installments, the first 47 of which shall be in the amount of $73,500 each, commencing November 1, 1998 and continuing on the same day of each successive month thereafter up to and including September 1, 2002; on October 1, 2002, the 48th and final principal payment shall be due and payable in an amount equal to the greater of $45,500 or the unpaid principal balance of Term Note C. Commencing on May 15, 1999 and thereafter on each November 15 and May 15 (such dates referred to as "SWEEP DATES"), the Borrower shall make a principal payment under Term Note C (herein referred to as the "CASH FLOW SWEEP PAYMENT") in an amount equal to the lesser of: (i) 50% of the Available Cash Flow for the six-month period ending on September 30 (in the case of the November 15 Sweep Date) and for the six-month period ending on March 31 (in the case of the May 15 Sweep Date) or (ii) the remaining unpaid principal balance of Term Note C payments in inverse order of maturity. No prepayment premium shall be payable with respect to any of the preceding required prepayments so made by the Borrower. Notwithstanding any payment provisions above, the entire unpaid principal balance of all Term Notes shall be due and payable in full at the earliest to occur of (i) on the date the Revolving Credit Note becomes due and payable, whether by acceleration or otherwise, (ii) when accelerated by its terms or by the terms of this Agreement or any other loan documents, or (iii) on the scheduled last payment date, whichever occurs first. Interest on each of the Term Notes shall be computed and paid in accordance with Section 4. A final installment of all outstanding principal PLUS accrued interest shall be due and payable at maturity, whether by acceleration, or otherwise.
Sample 1
Term Note C. Subject to the provisions of SECTION 2.5 below, Term Note C shall bear interest on the outstanding principal balance from and after May 1, 2000 and from time to time outstanding, under Term Note C at a rate equal to the lesser of (a) the Maximum Legal Rate, or (b) the Prime Rate plus one and one-half percent (1 1/2%) per annum until the Term Note C Maturity Date, and after the Term Note C Maturity Date, at the Past Due rate. Term Note C shall continue to be payable in monthly installments of $8,977.78 each, beginning March 1, 2000 and payable on the first day of each succeeding calendar month beginning March 1, 2000 until Term Note C (including all accrued interest thereon) has been fully paid and satisfied; provided, that on the Term Note C Maturity Date, all principal of Term Note C and all accrued unpaid interest thereon shall be finally due and payable. Accrued interest on Term Note C shall be due and payable concurrently with and in addition to the principal installments provided for herein above. Without notice to the Borrower, or any other Person, the rate of interest applicable to Term Note C shall change as and when the Prime Rate changes.
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Term Note C. The obligation of Borrower to repay Term Loan C shall be evidenced by Term Note C executed by Borrower, payable to the order of Bank, in the principal amount of the Term Loan C Commitment, and dated as of July 31, 2000.
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Term Note C. Section 4.01(d) is replaced with the following:
Sample 1
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Term Note C. Term Loan C made by LaSalle under Term ----------- Loan Commitment C is evidenced by Term Note C, payable to the order of LaSalle in the original principal amount of EIGHT MILLION EIGHT HUNDRED THOUSAND DOLLARS ($8,800,000). The unpaid principal amount of Term Loan C shall bear interest and be due and payable as provided in this Agreement and Term Note C. Payments to be made by K-V to LaSalle under Term Note C shall be made at the time, in the amounts and upon the terms set forth herein and therein.
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Related to Term Note C

  • Term Notes The Term Loan made by each Lender and interest accruing thereon shall be evidenced by the records of Agent and such Lender. At the request of any Lender, Borrowers shall deliver a Term Note to such Lender.

  • Term Note The Term Loan shall be evidenced by the Term Note. At the time of the disbursement of the Term Loan or a repayment made in whole or in part thereon, a notation thereof shall be made on the books and records of the Bank. All amounts recorded shall be, absent demonstrable error, conclusive and binding evidence of (i) the principal amount of the Term Loan advanced hereunder, (ii) any accrued and unpaid interest owing on the Term Loan and (iii) all amounts repaid on the Term Loan. The failure to record any such amount or any error in recording such amounts shall not, however, limit or otherwise affect the joint and several obligations of the Borrowers under the Term Note to repay the principal amount of the Term Loan, together with all interest accruing thereon.

  • Payment of Note Principal (a) Monthly Payments During Series 2004-1 Controlled Amortization Period or Series 2004-1

  • Revolving Notes The Revolving Loans made by each Lender shall be evidenced by a duly executed promissory note of the Borrower to such Lender in an original principal amount equal to such Lender's Revolving Commitment Percentage of the Revolving Committed Amount and in substantially the form of Exhibit 2.1(e).

  • Demand Note Draw If on any Determination Date, the Administrator determines that the Principal Deficit Amount with respect to the next succeeding Distribution Date will be greater than zero and there are any Series 2014-1 Letters of Credit on such date, prior to 10:00 a.m. (New York City time) on the second Business Day prior to such Distribution Date, the Administrator shall instruct the Trustee in writing to deliver a Demand Notice to the Demand Note Issuers demanding payment of an amount equal to the lesser of (A) the Principal Deficit Amount and (B) the Series 2014-1 Letter of Credit Amount. The Trustee shall, prior to 12:00 noon (New York City time) on the second Business Day preceding such Distribution Date, deliver such Demand Notice to the Demand Note Issuers; provided, however, that if an Event of Bankruptcy (or the occurrence of an event described in clause (a) of the definition thereof, without the lapse of a period of 60 consecutive days) with respect to a Demand Note Issuer shall have occurred and be continuing, the Trustee shall not be required to deliver such Demand Notice to such Demand Note Issuer. The Trustee shall cause the proceeds of any demand on the Series 2014-1 Demand Note to be deposited into the Series 2014-1 Distribution Account.

  • Term Loan Notes If so requested by any Lender by written notice to Borrower (with a copy to Administrative Agent) at least two (2) Business Days prior to the Closing Date, or at any time thereafter, Borrower shall execute and deliver to such Lender (and/or, if applicable and if so specified in such notice, to any Person who is an assignee of such Lender pursuant to Section 10.6) on the Closing Date (or, if such notice is delivered after the Closing Date, promptly after Borrower’s receipt of such notice) a Term Loan Note or Term Loan Notes to evidence such Lender’s Term Loans to such Borrower.

  • Revolving Note The Revolving Loans made by each Lender shall, in addition to this Agreement, also be evidenced by a promissory note of the Borrower substantially in the form of Exhibit K (each a “Revolving Note”), payable to the order of such Lender in a principal amount equal to the amount of its Commitment as originally in effect and otherwise duly completed.

  • The Loan Facility (a) On the terms and subject to the conditions hereof, on the Effective Date, and thereafter from time to time prior to the Termination Date, the Borrower may request that the Lenders make loans (each a “Loan”) or that the LC Issuers issue, extend, modify or renew one or more Letters of Credit for the benefit of the Borrower or its designee (an “LC Credit Extension”), in each case, subject to the terms herein. The terms and conditions of the LC Credit Extensions are set forth in Section 2.04. Subject to the terms and conditions set forth herein, each Conduit Lender may in its sole discretion, and each Committed Lender shall, only if each Conduit Lender in its Lender Group elects not to (and has notified the Borrower, the Servicer, the Administrative Agent and the related Facility Agent) or there is no Conduit Lender in a Lender Group, make such Lender Group’s share of the Loans to the Borrower in an amount, for each Lender Group, equal to its Lender Group Percentage of the amount requested by the Borrower pursuant to Section 2.02; provided that no Lender shall make any such Loan if:

  • Term Loan Facility Each Lender severally agrees, on the terms and conditions set forth herein, to make Loans to the Borrower during the period from the Closing Date to June 12, 2009, in an aggregate amount not to exceed such Lender’s Pro Rata Share of the Term Commitment. The Borrower from time to time may borrow under the Term Loan Facility (and may reborrow any amount theretofore prepaid) until close of business on June 12, 2009, for a term not to exceed 364 days from the date of the Borrowing. Each such loan under the Term Loan Facility (a “Term Loan”) shall be in the minimum amount of $10,000,000 and shall become due and payable on the last day of the term selected by the Borrower for such Term Loan (the “Term Loan Maturity Date”), which shall in no event be later than 364 days from the date of such Term Loan. The maximum availability under the Term Loan Facility shall be the amount of the Credit minus the aggregate outstanding principal amount of Revolving Loans and Term Loans made by the Lenders; provided, however, that to the extent the proceeds of a Term Loan are used to repay an outstanding Revolving Loan (or a portion thereof), such Revolving Loan (or portion thereof) shall not be considered part of the aggregate principal amount of outstanding Revolving Loans made by the Lenders for purposes of this sentence (such maximum availability hereafter being referred to as the “Term Loan Availability”). Under no circumstances shall the aggregate outstanding principal amount of Term Loans and Revolving Loans made by the Lenders exceed the Credit, and under no circumstances shall any Lender be obligated (i) to make any Term Loan (nor may the Borrower reborrow any amount heretofore prepaid) after June 12, 2009, or (ii) to make any Term Loan in excess of the Term Loan Availability. Each Term Loan made hereunder shall fully and finally mature and be due and payable in full on the Term Loan Maturity Date specified in the Borrowing Advice for such Term Loan; provided, however, that to the extent the Borrowing Advice for any Term Loan selects an Interest Period that expires before the Term Loan Maturity Date specified in such Borrowing Advice, the Borrower may from time to time select additional interest rate options and Interest Periods (none of which shall extend beyond the Term Loan Maturity Date for such Term Loan) by delivering a Borrowing Advice or Notice of Conversion/Continuation, as applicable.

  • Term Loan Agreement An Event of Default (as defined in the Term Loan Agreement) shall occur.

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