The Term Loan Notes Sample Clauses

The Term Loan Notes. The Term Loan shall for the sake of convenience be evidenced by Term Loan Notes substantially in the form of Exhibit A hereto (individually, a "Term Loan Note" and together, the "Term Loan Notes") made by the Borrower and payable to the order of such Investor, but the aggregate principal amount of indebtedness evidenced by such Term Loan Note at any time shall be, and the same is to be determined by, the aggregate original principal amount of each such Investor's Funding Amount plus the PIK Capitalized Amounts less the aggregate amount of principal prepayments on such Term Loan received by or on behalf of such Investor on or prior to such date of determination. Each Term Loan Note shall be dated as of the Closing Date and shall be expressed to mature on the Maturity Date and to bear interest as provided in Section 1.2 hereof. Each Investor shall record on its books or records or on a schedule to its Term Loan Note the amount of such Investor's Funding Amount and all payments of principal and interest and the principal balance from time to time outstanding; provided that prior to any transfer of such Term Loan Note all such amounts shall be recorded on a schedule to such Term Loan Note. The record thereof, whether shown on such books or records or on a schedule to the Term Loan Note, shall be prima facie evidence as to all such amounts; provided, however, that the failure of any Investor to record any of the foregoing shall not limit or otherwise affect the obligation of the Borrower to repay the Term Loan made hereunder together with accrued interest thereon. Upon the request of any Investor, the Borrower will furnish a new Term Loan Note to such Investor to replace its outstanding Term Loan Note and at such time the first notation appearing on the schedule on the reverse side of, or attached to, such Term Loan Note shall set forth the aggregate unpaid principal amount of the Term Loan then outstanding from such Investor. Such Investor will cancel the outstanding Term Loan Note upon receipt of the new Term Loan Note.

The Term Loan Notes. Notice. See §14.1.

The Term Loan Notes. Each Term Loan, at the request of the applicable Lender shall be evidenced by a Term Loan Note, dated as of the Closing Date, or as the case may be, the date on which the Final Order is entered and completed with appropriate insertions. Each Term Loan Note shall be payable to the order of each Lender in a principal amount equal to such Lender’s Term Loan Commitment or, if less, the outstanding amount of all Term Loans made by such Lender, plus interest accrued thereon, as set forth below. The Borrowers irrevocably authorize each Lender to make or cause to be made, at or about the time of the date on which any Term Loan is made or at the time of receipt of any payment of principal on such Lender’s Term Loan Note, an appropriate notation on such Lender’s Term Loan Note Record reflecting the making of such Term Loan or (as the case may be) the receipt of such payment. The outstanding amount of the Term Loans set forth on such Lender’s Term Loan 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 Term Loan Note Record shall not limit or otherwise affect the joint and several 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.

The Term Loan Notes. The proceeds of the Term Loan Commitment so advanced (such Advance being herein referred to as the "Term Loan"), shall be evidenced by promissory notes of even date herewith, from the Borrowers to each Lender, each such promissory note to be in the amount of such Lender's respective Committed Share of the Term Loan Commitment (collectively, the "Term Loan Notes"). The calculation of accrued interest shall be based on the outstanding principal balance of each of the Term Loan Notes as of the end of any day. Each Tranche from time to time outstanding under the Term Loan shall bear interest at an Effective Rate determined in accordance with the terms of the Term Loan Notes, provided, that commencing upon an Event of Default, the entire outstanding principal balance of the Term Loan shall bear interest at the Default Rate specified therein. The Borrowers shall make payments of interest and principal to the Agent, for the account of the Lenders, in accordance with and pursuant to the terms of this Agreement and the Term Loan Notes. All outstanding principal and unpaid accrued interest under the Term Loan shall be due and payable on the Commitment Termination Date. Notwithstanding any repayment by the Borrowers of any principal amount outstanding under the Term Loan, the Borrowers shall not be entitled to reborrow any sums whatsoever under the Term Loan Commitment.