Common use of The Revolving Credit Notes Clause in Contracts

The Revolving Credit Notes. The Loans (other than those Loans advanced by the Agent under (S)2.6.2) shall be evidenced by separate promissory notes of the Borrower in substantially the form of Exhibit A hereto (each a "Note"), dated as of the Closing Date (or such other date on which a Lender may become a party hereto in accordance with (S)15 hereof) and completed with appropriate insertions. One Note shall be payable to the order of each Lender in a principal amount equal to such Lender's Commitment or, if less, the outstanding amount of all Loans made by such Lender, plus interest accrued thereon, as set forth below. The Borrower irrevocably authorizes each Lender to make or cause to be made, at or about the time of the Drawdown Date of any Loan or at the time of receipt of any payment of principal on such Lender's Note, an appropriate notation on such Lender's Note Record reflecting the making of such Loan or (as the case may be) the receipt of such payment. The outstanding amount of the Loans set forth on such Lender's Note Record shall be prima facie evidence of the principal amount thereof owing and unpaid to such Lender, but the failure to record, or any error in so recording, any such amount on such Lender's Note Record shall not limit or otherwise affect the obligations of the Borrower hereunder or under any Note to make payments of principal of or interest on any Note when due.

Appears in 1 contract

Samples: Revolving Credit Agreement (Barnes Group Inc)

AutoNDA by SimpleDocs

The Revolving Credit Notes. The Revolving Credit Loans (other than those Loans advanced by the Agent under (S)2.6.2) shall be --- --------- ------ ----- evidenced by separate promissory notes of the Borrower in substantially the form of Exhibit A hereto (each a "Revolving Credit Note"), dated as of the Closing ------- - Date (or such other date on which a Lender may become a party hereto in accordance with (S)15 hereof) and completed with appropriate insertions. One Revolving Credit Note shall be payable to the order of each Lender Bank in a principal amount equal to such LenderBank's Commitment or, if less, the outstanding amount of all Revolving Credit Loans made by such LenderBank, plus interest accrued thereon, as set forth below. The Borrower irrevocably authorizes each Lender Bank to make or cause to be made, at or about the time of the Drawdown Date of any Revolving Credit Loan or at the time of receipt of any payment of principal on such LenderBank's Revolving Credit Note, an appropriate notation on such LenderBank's Note Record reflecting the making of such Revolving Credit Loan or (as the case may be) the receipt of such payment. The outstanding amount of the Revolving Credit Loans set forth on such LenderBank's Note Record shall be prima facie evidence of the principal amount thereof owing and unpaid ----- ----- to such LenderBank, but the failure to record, or any error in so recording, any such amount on such LenderBank's Note Record shall not limit or otherwise affect the obligations of the Borrower hereunder or under any Revolving Credit Note to make payments of principal of or interest on any Revolving Credit Note when due.

Appears in 1 contract

Samples: Credit Agreement (Ameriking Inc)

The Revolving Credit Notes. The Loans (other than those Loans advanced by the Agent under (S)2.6.2§2.6.2) shall be evidenced by separate promissory notes of the Borrower in substantially the form of Exhibit A hereto (each a "Note"), dated as of the Closing Date (or such other date on which a Lender may become a party hereto in accordance with (S)15 §15 hereof) and completed with appropriate insertions. One Note shall be payable to the order of each Lender in a principal amount equal to such Lender's ’s Commitment or, if less, the outstanding amount of all Loans made by such Lender, plus interest accrued thereon, as set forth below. The Borrower irrevocably authorizes each Lender to make or cause to be made, at or about the time of the Drawdown Date of any Loan or at the time of receipt of any payment of principal on such Lender's ’s Note, an appropriate notation on such Lender's ’s Note Record reflecting the making of such Loan or (as the case may be) the receipt of such payment. The outstanding amount of the Loans set forth on such Lender's ’s Note Record shall be prima facie evidence of the principal amount thereof owing and unpaid to such Lender, but the failure to record, or any error in so recording, any such amount on such Lender's ’s Note Record shall not limit or otherwise affect the obligations of the Borrower hereunder or under any Note to make payments of principal of or interest on any Note when due.

Appears in 1 contract

Samples: Revolving Credit Agreement (Barnes Group Inc)

The Revolving Credit Notes. The Revolving Credit Loans (other than those Loans advanced by the Agent under (S)2.6.2) shall be -------------------------- evidenced by separate amended and restated promissory notes of the Borrower in substantially the form of Exhibit A hereto (each a "Revolving Credit Note"), --------- dated as of the Closing Date (or such other date on which a Lender may become a party hereto in accordance with (S)15 hereof) and completed with appropriate insertions. One Revolving Credit Note shall be payable to the order of each Lender Bank in a principal amount equal to such LenderBank's Commitment or, if less, the outstanding amount of all Revolving Credit Loans made by such LenderBank, plus interest accrued thereon, as set forth below. The Borrower irrevocably authorizes each Lender Bank to make or cause to be made, at or about the time of the Drawdown Date of any Revolving Credit Loan or at the time of receipt of any payment of principal on such LenderBank's Revolving Credit Note, an appropriate notation on such LenderBank's Note Record reflecting the making of such Revolving Credit Loan or (as the case may be) the receipt of such payment. The outstanding amount of the Revolving Credit Loans set forth on such LenderBank's Note Record shall be prima facie evidence of the principal amount thereof ----- ----- owing and unpaid to such LenderBank, but the failure to record, or any error in so recording, any such amount on such LenderBank's Note Record shall not limit or otherwise affect the obligations of the Borrower hereunder or under any Revolving Credit Note to make payments of principal of or interest on any Revolving Credit Note when due.

Appears in 1 contract

Samples: Revolving Credit Agreement (Ameriking Inc)

The Revolving Credit Notes. The Loans (other than those Loans advanced by the Agent under (S)2.6.2Swing Line Loans) shall be evidenced by separate promissory notes of the Borrower in substantially the form of Exhibit A hereto (each a "Revolving Credit Note"), dated as of the Closing Date (or such other date on which a Lender may become a party hereto in accordance with (S)15 hereof) and completed with appropriate insertions. One Revolving Credit Note shall be payable to the order of each Lender Bank in a principal amount equal to such LenderBank's Commitment or, if less, the outstanding amount of all Loans (other than Swing Line Loans) made by such LenderBank, plus interest accrued thereon, as set forth below. The Borrower irrevocably authorizes each Lender Bank to make or cause to be made, at or about the time of the Drawdown Date of any Loan (other than a Swing Line Loan) or at the time of receipt of any payment of principal on such LenderBank's Revolving Credit Note, an appropriate notation on such Lender's Note Record computer entry or other record reflecting the making of such Loan or (as the case may be) the receipt of such payment. The outstanding amount of the Loans set forth on in such Lender's Note Record computer entries or other records shall be prima facie evidence of the principal amount thereof owing and unpaid to such LenderBank, but the failure to record, or any error in so recording, any such amount on in such Lender's Note Record computer entries or other records shall not limit or otherwise affect the obligations of the Borrower hereunder or under any Revolving Credit Note to make payments of principal of or interest on any Revolving Credit Note when due."

Appears in 1 contract

Samples: And Modification Agreement (Hadco Corp)

AutoNDA by SimpleDocs

The Revolving Credit Notes. The Revolving Credit Loans (other than those Loans advanced by the Agent under (S)2.6.2) shall be evidenced by separate promissory notes of the Borrower in substantially the form of Exhibit A hereto (each a "Note")Revolving Credit Notes, dated as of June 29, 1998, the Closing Date (or such other date on which a Lender Person may become a party hereto in accordance with (S)15 SECTION 18 hereof) , and completed with appropriate insertions. One Revolving Credit Note shall be payable to the order of each Revolving Credit Lender in a principal amount equal to such Lender's Commitment or, if less, the outstanding amount of all Revolving Credit Loans made by such Lender, plus interest accrued thereon, as set forth below. The Borrower Borrowers irrevocably authorizes authorize each Revolving Credit Lender to make or cause to be made, at or about the time of the in connection with a Drawdown Date of any Revolving Credit Loan or at the time of receipt of any payment of principal on such Lender's Revolving Credit Note, an appropriate notation on such Lender's Note Record records reflecting the making of such Revolving Credit Loan or the receipt of such payment (as the case may be) the receipt of such payment). The outstanding amount of the Revolving Credit Loans set forth on such Lender's Note Record record shall be prima facie PRIMA FACIE evidence of the principal amount thereof owing and unpaid to such Lender, but the failure to record, or any error in so recording, any such amount on such Lender's Note Record shall not limit or otherwise affect the obligations obligation of the Borrower Borrowers hereunder or under any Revolving Credit Note to make payments of principal of or interest on any Revolving Credit Note when due.

Appears in 1 contract

Samples: Credit and Term Loan Agreement (Nationsrent Inc)

The Revolving Credit Notes. The Revolving Credit Loans (other than those Loans advanced by the Agent under (S)2.6.2) shall be evidenced by separate promissory notes of the US Borrower in substantially the form of Exhibit A hereto (each a "Revolving Credit Note"), dated as of the Closing Date (or other such other date on which a Lender may become a party hereto in accordance with (S)15 Section 20 hereof) and completed with appropriate insertions. One Revolving Credit Note shall be payable to the order of each Lender in a principal amount equal to such Lender's Commitment or, if less, on the outstanding amount of all Loans made by such Lender, plus interest accrued thereon, as set forth belowClosing Date. The US Borrower irrevocably authorizes each Lender to make or cause to be made, at or about the time of the Drawdown Date of any Revolving Credit Loan or at the time of receipt of any payment of principal on such Lender's NoteRevolving Credit Notes, an appropriate notation on such Lender's Note Record reflecting the making of such Revolving Credit Loan or (as the case may be) the receipt of such payment. The outstanding amount of the Revolving Credit Loans set forth on such Lender's Note Record shall be prima facie evidence of the principal amount thereof owing and unpaid to such Lender, but the failure to record, or any error in so recording, any such amount on such Lender's Note Record shall not limit or otherwise affect the obligations of the US Borrower hereunder or under any Note Revolving Credit Notes to make payments of principal of or interest on any Note Revolving Credit Notes when due.

Appears in 1 contract

Samples: Credit and Term Loan Agreement (Genesee & Wyoming Inc)

The Revolving Credit Notes. The Loans (other than those Loans advanced by the Agent under (S)2.6.2) shall be evidenced by separate -------------------------- promissory notes of the Borrower in substantially the form of Exhibit A hereto (each a "Revolving Credit Note"), dated as of the Closing Date (or other such other date on which a Lender Bank may become a party hereto in accordance with (S)15 ss.19 hereof) and completed with appropriate insertions. One Revolving Credit Note shall be payable to the order of each Lender Bank in a principal amount equal to such LenderBank's Commitment or, if less, the outstanding amount of all Loans made by such LenderBank, plus interest accrued thereon, as set forth below. The Borrower irrevocably authorizes each Lender Bank to make or cause to be made, at or about the time of the Drawdown Date of any Loan or at the time of receipt of any payment of principal on such LenderBank's Revolving Credit Note, an appropriate notation on such LenderBank's Note Record reflecting the making of such Loan or (as the case may be) the receipt of such payment. The outstanding amount of the Revolving Credit Loans set forth on such LenderBank's Note Record shall be prima facie evidence of the principal amount thereof owing and unpaid to such LenderBank, but the failure to record, or any error in so recording, any such amount on such LenderBank's Note Record shall not limit or otherwise affect the obligations of the Borrower hereunder or under any Revolving Credit Note to make payments of principal of or interest on any Revolving Credit Note when due.

Appears in 1 contract

Samples: Credit Agreement (Genesee & Wyoming Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!