Common use of The Loan and the Notes Clause in Contracts

The Loan and the Notes. The obligation of Borrower to repay the aggregate unpaid principal amount of and interest on the Loan shall be evidenced by Notes in favor of each Lender setting forth the principal amount of the Loan payable to such Lender and the payments due. Agent shall keep a record of the payments made under each Note on its books which records shall be prima facie evidence of the amounts paid under the Notes absent manifest error. Any failure by Agent to obtain or retain such a Note shall not limit or otherwise affect the obligations of Borrower to pay amounts due hereunder with respect to the Loan.

Appears in 2 contracts

Samples: Loan and Security Agreement (Mavenir Systems Inc), Loan and Security Agreement (Mavenir Systems Inc)

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The Loan and the Notes. The obligation of Borrower to repay ---------------------- the aggregate unpaid principal amount of and interest on the each Loan shall be evidenced by Notes in favor of each Lender a Note setting forth the principal amount of the such Loan payable to such Lender and the payments due. Agent shall keep a record of the payments made under each Note on its books which records shall be prima facie evidence of the amounts paid under the Notes absent manifest errordue with respect thereto. Any failure by Agent Lender to obtain or retain such a Note shall not limit or otherwise affect the obligations of Borrower to pay amounts due hereunder with respect to the a Loan.

Appears in 2 contracts

Samples: Loan and Security Agreement (Loudeye Technologies Inc), Loan and Security Agreement (Onvia Com Inc)

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