We use cookies on our site to analyze traffic, enhance your experience, and provide you with tailored content.

For more information visit our privacy policy.

Common use of Term Notes Clause in Contracts

Term Notes. Each Lender's Term Loans and the obligation of the Borrower to repay such Term Loans shall be evidenced by a Term Note, payable to the order of such Lender representing the Borrower's obligation to pay such Lender's Term Loan Commitment in accordance with the terms hereof. Each Term Note shall be dated the Closing Date and shall bear interest on the unpaid principal amount thereof at the applicable interest rate per annum specified in Section 5.1.

Appears in 2 contracts

Samples: Credit Agreement (Kinder Morgan Bulk Terminals Inc), Credit Agreement (Marshall Industries)

Term Notes. Each Lender's Term Loans Loan and the obligation of the Borrower to repay such Term Loans Loan shall be evidenced by a Term Note, payable to the order of such Lender representing the Borrower's obligation to pay such Lender's Term Loan Commitment in accordance with the terms hereofNotes. Each Term Note shall be dated the Closing Date and shall bear interest on the unpaid principal amount thereof at the applicable interest rate per annum specified in Section 5.14.1.

Appears in 1 contract

Samples: Credit Agreement (Northland Cable Properties Six LTD Partnership)

Term Notes. Each Lender's Term Loans Loan and the obligation of the Borrower to repay such Term Loans Loan shall be evidenced by a Term NoteNote in the form attached hereto as Exhibit A-2, payable to the order of such Lender representing the Borrower's obligation to pay such Lender's Term Loan Commitment in accordance with the terms hereofCommitment. Each Term Note shall be dated the Closing Date and shall bear interest on the unpaid principal amount thereof at the applicable interest rate per annum specified in Section 5.14.1.

Appears in 1 contract

Samples: Credit Agreement (Texfi Industries Inc)

Term Notes. Each Lender's ’s Term Loans Loan and the obligation of the Borrower to repay such Term Loans Loan shall be evidenced by a Term Note, Note executed by the Borrower payable to the order of such Lender representing the Borrower's ’s obligation to pay such Lender's ’s Term Loan Commitment in accordance with the terms hereofLoan, plus interest and all other fees, charges and other amounts due thereon. Each Term Note shall be dated the Closing Date date hereof and shall bear interest from and including the date the Term Loans are advanced on the unpaid principal amount thereof at the applicable interest rate per annum specified in Section 5.14.1.

Appears in 1 contract

Samples: Credit Agreement (Roanoke Electric Steel Corp)

Term Notes. Each Lender's Term Loans Loan and the obligation of the Borrower to repay such Term Loans Loan shall be evidenced by a Term Note, Note executed by the Borrower payable to the order of such Lender representing the Borrower's obligation to pay such Lender's Term Loan Commitment in accordance with the terms hereofLoan, plus interest and all other fees, charges and other amounts due thereon. Each Term Note shall be dated the Closing Date date the Term Loans are made and shall bear interest on the unpaid principal amount thereof at the applicable interest rate per annum specified in Section 5.14.1.

Appears in 1 contract

Samples: Credit Agreement (Markel Corp)

Term Notes. Each Lender's Term Loans Loan and the obligation of the Borrower to repay such Term Loans Loan shall be evidenced by a Term Note, Note payable to the order of such Lender representing the Borrower's obligation to pay such Lender's Term Loan Commitment in accordance with the terms hereof. Each Term Note shall be dated the Closing Date and shall bear interest on the unpaid principal amount thereof at the applicable interest rate per annum specified in Section 5.14.1.

Appears in 1 contract

Samples: Credit Agreement (Cable Michigan Inc)

Term Notes. Each Lender's Term Loans Loan and the obligation of the ---------- Borrower to repay such Term Loans Loan shall be evidenced by a separate Term Note, Note executed by the Borrower payable to the order of such Lender representing the Borrower's obligation to pay such Lender's Term Loan Commitment in accordance with the terms hereofLoan, plus interest and all other fees, charges and other amounts due thereon. Each Term Note shall be dated the Closing Date and shall bear interest on the unpaid principal amount thereof at the applicable interest rate per annum specified in Section 5.15.

Appears in 1 contract

Samples: Credit Agreement (Richfood Holdings Inc)

Term Notes. Each Lender's Term Loans Loan and the obligation of the Borrower Borrowers to repay such Term Loans Loan shall be evidenced by a Term Note, Note payable to the order of such Lender representing the Borrower's obligation to pay such Lender's Term Loan Commitment in accordance with the terms hereof. Each Term Note shall be dated the Closing Date and shall bear interest on the unpaid principal amount thereof at the applicable interest rate per annum specified in Section 5.14.1.

Appears in 1 contract

Samples: Credit Agreement (RCN Corp /De/)

Term Notes. Each Lender's Term Loans Loan and the obligation of the Borrower to repay such Term Loans Loan shall be evidenced by a Term Note, Note executed by the Borrower payable to the order of such Lender representing the Borrower's obligation to pay such Lender's Term Loan Commitment in accordance with the terms hereofLoan, plus interest and all other fees, charges and other amounts due thereon. Each Term Note shall be dated the Closing Date date hereof and shall bear interest from and including the date the Term Loans are advanced on the unpaid principal amount thereof at the applicable interest rate per annum specified in Section 5.14.1.

Appears in 1 contract

Samples: Credit Agreement (Roanoke Electric Steel Corp)

Term Notes. Each Lender's Term Loans Loan and the obligation of the Borrower Borrowers to repay such Term Loans Loan shall be evidenced by a Term Note, Note payable to the order of such Lender representing the Borrower's obligation to pay such Lender's Term Loan Commitment in accordance with the terms hereof. Each Term Note shall be dated as of the Closing Date and shall bear interest on the unpaid principal amount thereof at the applicable interest rate per annum specified in Section 5.1.

Appears in 1 contract

Samples: Credit Agreement (Dollar Express Inc)