Common use of Term Notes Clause in Contracts

Term Notes. The obligations to repay the Term Loans and to pay interest thereon shall be evidenced by separate promissory notes of the Borrowers to each Lender in substantially the form of Exhibit G-2 attached hereto (the "Term Loan Notes"), with appropriate insertions, one Term Loan Note being payable to the order of each Lender in a principal amount equal to such Lender's Term Loan Commitment and representing the obligations of the Borrowers to pay such Lender the amount of such Lender's Term Loan Commitment or, if less, the aggregate unpaid principal amount of the Term Loan made by such Lender hereunder, plus interest accrued thereon, as set forth herein. The Borrowers irrevocably authorize each Lender to make or cause to be made appropriate notations on its Term Loan Note, or on a record pertaining thereon, reflecting Term Loans and repayments thereof. The outstanding amount of the Term Loan set forth on such Lender's Term Loan Note or record shall be prima facie evidence of the principal amount thereof owing and unpaid to such Lender, but the failure to make such notation or record, or any error in such notation or record shall not limit or otherwise affect the obligations of the Borrowers hereunder or under any Term Loan Note to make payments of principal of or interest on any Term Loan Note when due.

Appears in 1 contract

Samples: Credit Agreement (MST Enterprises Inc)

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Term Notes. The obligations to repay the Term Loans and to pay ---------- interest thereon shall be evidenced by separate promissory notes of the Borrowers Borrower to each Lender in substantially the form of Exhibit G-2 C-2 attached hereto (the ----------- "Term Loan Notes"), with appropriate insertions, one Term Loan Note being payable to the order of each Lender in a principal amount equal to such Lender's Pro Rata Share of the Term Loan Commitment Loans and representing the obligations of the Borrowers Borrower to pay such Lender the amount of such Lender's Pro Rata Share of the Term Loan Commitment Loans or, if less, the aggregate unpaid principal amount of the Term Loan Loans made by such Lender hereunder, plus interest accrued thereon, as set forth herein. The Borrowers Borrower irrevocably authorize authorizes each Lender to make or cause to be made appropriate notations on its Term Loan Note, or on a record pertaining thereon, reflecting Term Loans and repayments thereof. The outstanding amount of the Term Loan Loans set forth on such Lender's Term Loan Note or record shall be prima facie evidence of the principal amount thereof owing and unpaid to such ----- ----- Lender, but the failure to make such notation or record, or any error in such notation or record shall not limit or otherwise affect the obligations of the Borrowers Borrower hereunder or under any Term Loan Note to make payments of principal of or interest on any Term Loan Note when due.

Appears in 1 contract

Samples: Credit Agreement (Chiquita Brands International Inc)

Term Notes. The obligations to repay the Term Loans and to pay interest thereon shall be evidenced by separate promissory notes of the Borrowers to each Lender in substantially the form of Exhibit G-2 E-2 attached hereto (the "Term Loan Notes"), with appropriate insertions, one Term Loan Note being payable to the order of each Lender in a principal amount equal to such Lender's Term Loan Commitment and representing the obligations of the Borrowers to pay such Lender the amount of such Lender's Term Loan Commitment or, if less, the aggregate unpaid principal amount of the Term Loan Loans made by such Lender hereunder, plus interest accrued thereon, as set forth herein. The Borrowers irrevocably authorize each Lender to make or cause to be made appropriate notations on its Term Loan Note, or on a record pertaining thereon, reflecting Term Loans and repayments thereof. The outstanding amount of the Term Loan Loans set forth on such Lender's Term Loan Note or record shall be prima facie evidence of the principal amount thereof owing and unpaid to such Lender, but the failure to make such notation or record, or any error in such notation or record shall not limit or otherwise affect the obligations of the Borrowers hereunder or under any Term Loan Note to make payments of principal of or interest on any Term Loan Note when due.

Appears in 1 contract

Samples: Credit Agreement (Chiquita Brands International Inc)

Term Notes. The obligations to repay the Term Loans and to pay ---------- interest thereon shall be evidenced by separate promissory notes of the Borrowers to each Lender in substantially the form of Exhibit G-2 E-2 attached ----------- hereto (the "Term Loan Notes"), with appropriate insertions, one Term Loan Note being payable to the order of each Lender in a principal amount equal to such Lender's Term Loan Commitment and representing the obligations of the Borrowers to pay such Lender the amount of such Lender's Term Loan Commitment or, if less, the aggregate unpaid principal amount of the Term Loan Loans made by such Lender hereunder, plus interest accrued thereon, as set forth herein. The Borrowers irrevocably authorize each Lender to make or cause to be made appropriate notations on its Term Loan Note, or on a record pertaining thereon, reflecting Term Loans and repayments thereof. The outstanding amount of the Term Loan Loans set forth on such Lender's Term Loan Note or record shall be prima facie evidence of the principal amount ----- ----- thereof owing and unpaid to such Lender, but the failure to make such notation or record, or any error in such notation or record shall not limit or otherwise affect the obligations of the Borrowers hereunder or under any Term Loan Note to make payments of principal of or interest on any Term Loan Note when due.

Appears in 1 contract

Samples: Credit Agreement (Chiquita Brands International Inc)

Term Notes. (a) The obligations Borrower’s obligation to repay pay the principal of, and interest on, the Term Loans and to pay interest thereon Loan made by each Lender shall be evidenced in the Register maintained by separate the Administrative Agent pursuant to Section 12.15 and shall, if requested by such Lender, also be evidenced by a promissory notes of note duly executed and delivered by the Borrowers to each Lender Borrower substantially in substantially the form of Exhibit G-2 attached hereto (the "Term Loan Notes")D, with appropriate insertionsblanks appropriately completed in conformity herewith (each, one a “Term Loan Note being payable to the order of each Lender in a principal amount equal to such Lender's Term Loan Commitment and representing the obligations of the Borrowers to pay such Lender the amount of such Lender's Term Loan Commitment orNote” and, if lesscollectively, the aggregate unpaid principal “Term Notes”). (b) Each Lender will note on its internal records the amount of the Term Loan made by such Lender hereunder, plus interest accrued thereon, as set forth herein. The Borrowers irrevocably authorize it and each Lender payment in respect thereof and prior to make or cause to be made appropriate notations on any transfer of any of its Term Notes with respect to the Term Loan Note, or will endorse on a record pertaining thereon, reflecting Term Loans and repayments thereof. The the reverse side thereof the outstanding principal amount of the Term Loan set forth on such Lender's Term Loan Note or record shall be prima facie evidence of the principal amount thereof owing and unpaid to such Lender, but the failure evidenced thereby. Failure to make any such notation or record, or any error in such notation or record shall not limit affect the Borrower’s obligations in respect of such Term Loan. (c) Notwithstanding anything to the contrary contained above in this Section 2.6 or otherwise elsewhere in this Agreement, Term Notes shall only be delivered to Lenders which at any time specifically request the delivery of such Term Notes. No failure of any Lender to request or obtain a Term Note evidencing its Term Loan to the Borrower shall affect or in any manner impair the obligations of the Borrowers hereunder or under any Borrower to pay the Term Loan (and all related Obligations) incurred by the Borrower which would otherwise be evidenced thereby in accordance with the requirements of this Agreement, and shall not in any way affect the guarantees therefore provided pursuant to the various Loan Documents. Any Lender which does not have a Term Note evidencing its outstanding Term Loan shall in no event be required to make the notations otherwise described in preceding clause (b). At any time when any Lender requests the delivery of a Term Note to make payments of principal of evidence its Term Loan, the Borrower shall promptly execute and deliver to the respective Lender the requested Term Note in the appropriate amount or interest on any amounts to evidence such Term Loan Note when due.Loan. 2.7

Appears in 1 contract

Samples: www.sec.gov

Term Notes. The If so requested by a Lender (at or at any after the Funding Date), the obligations of the Borrower to repay the Term Loans and to pay interest thereon shall be evidenced by separate promissory notes of the Borrowers to each Lender in substantially the form of Exhibit G-2 attached hereto (the "a Term Loan Notes")Note, with appropriate insertions, one . One Term Loan Note being payable shall be issued to the order of each Lender that so requests a Term Note, and such Term Note shall be in a principal amount equal to such Lender's ’s Term Loan Commitment (or in the event such Notes are issued after the Funding Date, the amount of Term Loans owed to such Lender) and representing shall represent the obligations of the Borrowers Borrower to pay such Lender the amount of such Lender's ’s Term Loan Commitment or, if less, the aggregate unpaid principal amount of the Term Loan made by such Lender hereunderLoan, plus interest accrued thereon, as set forth herein. The Borrowers Borrower irrevocably authorize authorizes each Lender that has been issued a Term Note to make or cause to be made appropriate notations on its Term Loan Note, or on a record pertaining thereon, reflecting Term Loans and repayments thereof. The outstanding amount of the Term Loan set forth on such Lender's ’s Term Loan Note or record shall be prima facie evidence of the principal amount thereof owing and unpaid to such Lender, but the failure to make such notation or record, or any error in such notation or record shall not limit or otherwise affect the obligations of the Borrowers Borrower hereunder or under any Term Loan Note to make payments of principal of or interest on any Term Loan Note when due. Any of the foregoing to the contrary notwithstanding, any lack of a Lender’s request to be issued a Term Note shall not, in any manner, diminish the Borrower’s obligations to repay the Term Loans made by such Lender, together with all other amounts owing to such Lender by the Borrower.

Appears in 1 contract

Samples: Credit Agreement (TransMontaigne Partners L.P.)

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Term Notes. The obligations to repay the Term Loans and to pay interest thereon shall be evidenced by separate promissory notes of the Borrowers Borrower to each Lender in substantially the form of Exhibit G-2 C-2 attached hereto (the "Term Loan Notes"), with appropriate insertions, one Term Loan Note being payable to the order of each Lender in a principal amount equal to such Lender's Pro Rata Share of the Term Loan Commitment Loans and representing the obligations of the Borrowers Borrower to pay such Lender the amount of such Lender's Pro Rata Share of the Term Loan Commitment Loans or, if less, the aggregate unpaid principal amount of the Term Loan Loans made by such Lender hereunder, plus interest accrued thereon, as set forth herein. The Borrowers Borrower irrevocably authorize authorizes each Lender to make or cause to be made appropriate notations on its Term Loan Note, or on a record pertaining thereon, reflecting Term Loans and repayments thereof. The outstanding amount of the Term Loan Loans set forth on such Lender's Term Loan Note or record shall be prima facie evidence of the principal amount thereof owing and unpaid to such Lender, but the failure to make such notation or record, or any error in such notation or record shall not limit or otherwise affect the obligations of the Borrowers Borrower hereunder or under any Term Loan Note to make payments of principal of or interest on any Term Loan Note when due.

Appears in 1 contract

Samples: Credit Agreement (Chiquita Brands International Inc)

Term Notes. The obligations to repay the Term Loans and to pay interest thereon shall be evidenced by separate promissory notes of the Borrowers Borrower to each Lender in substantially the form of Exhibit G-2 EXHIBIT C-2 attached hereto (the "Term Loan Notes"), with appropriate insertions, one Term Loan Note being payable to the order of each Lender in a principal amount equal to such Lender's Pro Rata Share of the Term Loan Commitment Loans and representing the obligations of the Borrowers Borrower to pay such Lender the amount of such Lender's Pro Rata Share of the Term Loan Commitment Loans or, if less, the aggregate unpaid principal amount of the Term Loan Loans made by such Lender hereunder, plus interest accrued thereon, as set forth herein. The Borrowers Borrower irrevocably authorize authorizes each Lender to make or cause to be made appropriate notations on its Term Loan Note, or on a record pertaining thereon, reflecting Term Loans and repayments thereof. The outstanding amount of the Term Loan Loans set forth on such Lender's Term Loan Note or record shall be prima facie evidence of the principal amount thereof owing and unpaid to such Lender, but the failure to make such notation or record, or any error in such notation or record shall not limit or otherwise affect the obligations of the Borrowers Borrower hereunder or under any Term Loan Note to make payments of principal of or interest on any Term Loan Note when due.

Appears in 1 contract

Samples: Credit Agreement (Chiquita Brands International Inc)

Term Notes. The obligations to repay the Term Loans and to pay ---------- interest thereon shall be evidenced by separate promissory notes of the Borrowers Borrower to each Lender in substantially the form of Exhibit G-2 C-2 attached hereto (the ----------- "Term Loan Notes"), with appropriate insertions, one Term Loan Note being payable to the order of each Lender in a principal amount equal to such Lender's Pro Rata Share of the Term Loan Commitment Loans and representing the obligations of the Borrowers Borrower to pay such Lender the amount of such Lender's Pro Rata Share of the Term Loan Commitment Loans or, if less, the aggregate unpaid principal amount of the Term Loan Loans made by such Lender hereunder, plus interest accrued thereon, as set forth herein. The Borrowers Borrower irrevocably authorize authorizes each Lender to make or cause to be made appropriate notations on its Term Loan Note, or on a record pertaining thereon, reflecting Term Loans and repayments thereof. The outstanding amount of the Term Loan Loans set forth on such Lender's Term Loan Note or record shall be prima facie ----------- evidence of the principal amount thereof owing and unpaid to such Lender, but the failure to make such notation or record, or any error in such notation or record shall not limit or otherwise affect the obligations of the Borrowers Borrower hereunder or under any Term Loan Note to make payments of principal of or interest on any Term Loan Note when due.

Appears in 1 contract

Samples: Credit Agreement (Chiquita Brands International Inc)

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