Common use of The Note and Interest Clause in Contracts

The Note and Interest. The Revolving Credit Loan shall be evidenced by one (1) promissory note of the Borrower, payable to the order of the Bank in the principal amount of Twenty Million and NO/100 Dollars ($20,000,000.00), in form substantially the same as the copy of the Revolving Credit Note attached hereto as Exhibit ”A.” The entire principal amount of the Loan shall be due and payable on the Termination Date of Revolving Credit Loan. The unpaid principal balances of the Revolving Credit Loan shall bear interest from the Closing Date on disbursed and unpaid principal balances at a rate per annum described in the Note.

Appears in 2 contracts

Samples: Loan Agreement, Loan Agreement (Miller Industries Inc /Tn/)

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The Note and Interest. The Revolving Credit Loan shall be evidenced by one (1) promissory note of the Borrower, payable to the order of the Bank in the principal amount of Twenty Fifty Million and NO/100 Dollars ($20,000,000.0050,000,000.00), in form substantially the same as the copy of the Revolving Credit Note attached hereto as Exhibit A.” The entire principal amount of the Loan shall be due and payable on the Termination Date of Revolving Credit Loan. The unpaid principal balances of the Revolving Credit Loan shall bear interest from the Closing Date on disbursed and unpaid principal balances at a rate per annum described in the Note.

Appears in 2 contracts

Samples: Loan Agreement (Miller Industries Inc /Tn/), Loan Agreement (Miller Industries Inc /Tn/)

The Note and Interest. The Revolving Credit Loan shall be evidenced by one (1) promissory note of the Borrower, payable to the order of the Bank in the principal amount of Twenty Fifty Million and NO/100 Dollars ($20,000,000.0050,000,000.00), in form substantially the same as the copy of the Revolving Credit Note attached hereto as Exhibit "A." The entire principal amount of the Loan shall be due and payable on the Termination Date of Revolving Credit Loan. The unpaid principal balances of the Revolving Credit Loan shall bear interest from the Closing Date on disbursed and unpaid principal balances at a rate per annum described in the Note.

Appears in 2 contracts

Samples: Loan Agreement (Miller Industries Inc /Tn/), Loan Agreement (Miller Industries Inc /Tn/)

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The Note and Interest. The Revolving Credit Loan shall be evidenced by one (1) promissory note of the Borrower, payable to the order of the Bank in the principal amount of Twenty Five Million and NO/100 Dollars ($20,000,000.0025,000,000.00), in form substantially the same as the copy of the Revolving Credit Note attached hereto as Exhibit A.” The entire principal amount of the Loan shall be due and payable on the Termination Date of Revolving Credit Loan. The unpaid principal balances of the Revolving Credit Loan shall bear interest from the Closing Date on disbursed and unpaid principal balances at a rate per annum described in the Note.

Appears in 2 contracts

Samples: Loan Agreement, Loan Agreement (Miller Industries Inc /Tn/)

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