THE TRANCHE A NOTES. The Tranche A Loans shall be evidenced by separate promissory notes of the Borrower in substantially the form of Exhibit A hereto (each a "Tranche A Note"), each dated as of the Closing Date and completed with appropriate insertions. One Tranche A Note shall be payable to the order of each Bank in a principal amount equal to such Bank's Commitment Percentage of the Tranche A Commitment Amount or, if less, the outstanding amount of all Tranche A Loans made by such Bank, plus interest accrued thereon, as set forth below. The Borrower irrevocably authorizes each Bank to make or cause to be made, at or about the time of the Drawdown Date of any Tranche A Loan or at the time of receipt of any payment of principal on such Bank's Tranche A Note, an appropriate notation on such Bank's Note Record reflecting the making of such Tranche A Loan or (as the case may be) the receipt of such payment. The outstanding amount of the Tranche A Loans set forth on such Bank's Note Record shall be prima facie evidence of the principal amount thereof owing and unpaid to such Bank, but the failure to record, or any error in so recording, any such amount on such Bank's Note Record shall not limit or otherwise affect the obligations of the Borrower hereunder or under any Tranche A Note to make payments of principal of or interest on any Tranche A Note when due. 2.2.
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Samples: Revolving Credit and Term Loan Agreement (Emmis Broadcasting Corporation)
THE TRANCHE A NOTES. The Tranche A Loans shall be evidenced by separate promissory notes of the Borrower in substantially the form of Exhibit A A-1 hereto (each a "Tranche A Note"), each dated as of the Closing Date (or such other date on which a Lender may become a party hereto in accordance with Section 15 hereof) and completed with appropriate insertions. One Tranche A Note shall be payable to the order of each Bank Lender in a principal amount equal to such BankLender's Commitment Percentage of the Tranche A Commitment Amount or, if less, the outstanding amount of all Tranche A Loans made by such BankLender, plus interest accrued thereon, as set forth below. The Borrower irrevocably authorizes each Bank Lender to make or cause to be made, at or about the time of the Drawdown Date of any Tranche A Loan or at the time of receipt of any payment of principal on such BankLender's Tranche A Note, an appropriate notation on such BankLender's Tranche A Note Record reflecting the making of such Tranche A Loan or (as the case may be) the receipt of such payment. The outstanding amount of the Tranche A Loans set forth on such BankLender's Tranche A Note Record shall be prima facie evidence of the principal amount thereof owing and unpaid to such BankLender, but the failure to record, or any error in so recording, any such amount on such BankLender's Tranche A Note Record shall not limit or otherwise affect the obligations of the Borrower hereunder or under any Tranche A Note to make payments of principal of or interest on any Tranche A Note when due. 2.2.
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THE TRANCHE A NOTES. The Tranche A Loans shall be evidenced by separate promissory notes of the Borrower in substantially the form of Exhibit A hereto (each a "“Tranche A Note"”), each dated as of the Closing Date (or such other date on which a Lender may become a party hereto in accordance with §15 hereof) and completed with appropriate insertions. One Tranche A Note shall be payable to the order of each Bank Lender in a principal amount equal to such Bank's Commitment Percentage of the Lender’s Tranche A Commitment Amount or, if less, the outstanding amount of all Tranche A Loans made by such BankLender, plus interest accrued thereon, as set forth below. The Borrower irrevocably authorizes each Bank Lender to make or cause to be made, at or about the time of the Drawdown Date of any Tranche A Loan or at the time of receipt of any payment of principal on such Bank's Lender’s Tranche A Note, an appropriate notation on such Bank's Lender’s Tranche A Note Record reflecting the making of such Tranche A Loan or (as the case may be) the receipt of such payment. The outstanding amount of the Tranche A Loans set forth on such Bank's Lender’s Tranche A Note Record shall be prima facie evidence of the principal amount thereof owing and unpaid to such BankLender, but the failure to record, or any error in so recording, any such amount on such Bank's Lender’s Tranche A Note Record shall not limit or otherwise affect the obligations of the Borrower hereunder or under any Tranche A Note to make payments of principal of or interest on any Tranche A Note when due. 2.2.
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THE TRANCHE A NOTES. The Tranche A Loans shall be evidenced by separate promissory notes of the Borrower in substantially the form of Exhibit A hereto (each a "Tranche A Note"), each dated as of the Closing Date and completed with appropriate insertions. One Tranche A Note shall be payable to the order of each Bank in a principal amount equal to such Bank's Commitment Percentage of the Tranche A Commitment Amount or, if less, the outstanding amount of all Tranche A Loans made by such Bank, plus interest accrued thereon, as set forth below. The Borrower irrevocably authorizes each Bank to make or cause to be made, at or about the time of the Drawdown Date of any Tranche A Loan or at the time of receipt of any payment of principal on such Bank's Tranche A Note, an appropriate notation on such Bank's Note Record reflecting the making of such Tranche A Loan or (as the case may be) the receipt of such payment. The outstanding amount of the Tranche A Loans set forth on such Bank's Note Record shall be prima facie evidence of the principal amount thereof owing and unpaid to such Bank, but the failure to record, or any error in so recording, any such amount on such Bank's Note Record shall not limit or otherwise affect the obligations of the Borrower hereunder or under any Tranche A Note to make payments of principal of or interest on any Tranche A Note when due. 2.2.
Appears in 1 contract
Samples: Revolving Credit and Term Loan Agreement (Emmis Communications Corp)
THE TRANCHE A NOTES. The Tranche A Loans shall be evidenced by separate amended and restated promissory notes of the Borrower in substantially the form of Exhibit A hereto (each a "Tranche A Note"), each dated as of the Closing Date and completed with appropriate insertions. One Tranche A Note shall be payable to the order of each Bank in a principal amount equal to such Bank's Commitment Percentage of the Tranche A Commitment Amount or, if less, the outstanding amount of all Tranche A Loans made by such Bank, plus interest accrued thereon, as set forth below. The Borrower irrevocably authorizes each Bank to make or cause to be made, at or about the time of the Drawdown Date of any Tranche A Loan or at the time of receipt of any payment of principal on such Bank's Tranche A Note, an appropriate notation on such Bank's Note Record reflecting the making of such Tranche A Loan or (as the case may be) the receipt of such payment. The outstanding amount of the Tranche A Loans set forth on such Bank's Note Record shall be prima facie evidence of the principal amount thereof owing and unpaid to such Bank, but the failure to record, or any error in so recording, any such amount on such Bank's Note Record shall not limit or otherwise affect the obligations of the Borrower hereunder or under any Tranche A Note to make payments of principal of or interest on any Tranche A Note when due. 2.2.
Appears in 1 contract
Samples: Revolving Credit and Term Loan Agreement (Emmis Communications Corp)