Common use of THE TERM NOTE AND INTEREST Clause in Contracts

THE TERM NOTE AND INTEREST. The Term Loan shall be evidenced by the Term Note of Borrower, payable to the order of the Bank, in the principal amount of One Million Seven Hundred Fifty Thousand and No/100 Dollars ($1,750,000.00). The unpaid principal balance of the Term Note shall bear interest at the rate specified in the Term Note and shall be payable as provided in the Term Note.

Appears in 2 contracts

Samples: Loan Agreement (King Pharmaceuticals Inc), Loan Agreement (King Pharmaceuticals Inc)

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THE TERM NOTE AND INTEREST. The Term Loan shall be evidenced by the Term Note of Borrower, payable to the order of the Bank, in the principal amount of One Two Million Seven Five Hundred Fifty Thousand and No/100 Dollars ($1,750,000.00). 2,500,000.00) The unpaid principal balance of the Term Note shall bear interest at the rate specified in the Term Note and shall be payable as provided in the Term Note.

Appears in 1 contract

Samples: Loan Agreement (King Pharmaceuticals Inc)

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THE TERM NOTE AND INTEREST. The Term Loan shall be evidenced evidence by the Term Note of Borrower, payable to the order of the Bank, in the principal amount of One Five Million Seven Hundred Fifty Thousand and No/100 Dollars ($1,750,000.005,000,000.00). The unpaid principal balance of the Term Note shall bear interest at the rate specified in the Term Note and shall be payable as provided in the Term Note.

Appears in 1 contract

Samples: Loan Agreement (King Pharmaceuticals Inc)

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