Common use of THE TRANCHE A NOTES Clause in Contracts

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-1 hereto (each a "Tranche A Note"), 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 Lender in a principal amount equal to such Lender's Tranche A Commitment or, if less, the outstanding amount of all Tranche A 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 Tranche A Loan or at the time of receipt of any payment of principal on such Lender's Tranche A Note, an appropriate notation on such 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 Lender's Tranche A 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 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.

Appears in 1 contract

Samples: Revolving Credit Agreement (Yankee Candle Co Inc)

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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-1 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 Section 15 hereof) and completed with appropriate insertions. One Tranche A Note shall be payable to the order of each Lender Bank in a principal amount equal to such LenderBank's Commitment Percentage of the Tranche A Commitment Amount or, if less, the outstanding amount of all Tranche A 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 Tranche A Loan or at the time of receipt of any payment of principal on such LenderBank's Tranche A Note, an appropriate notation on such LenderBank'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 LenderBank's Tranche A 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 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.

Appears in 1 contract

Samples: Term Loan Agreement (Emmis Communications Corp)

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-1 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 Section 15 hereof) and completed with appropriate insertions. One Tranche A Note shall be payable to the order of each Lender Bank in a principal amount equal to such LenderBank's Commitment Percentage of the Tranche A Commitment Amount or, if less, the outstanding amount of all Tranche A 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 Tranche A Loan or at the time of receipt of any payment of principal on such LenderBank's Tranche A Note, an appropriate notation on such LenderBank'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 LenderBank's Tranche A 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 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.

Appears in 1 contract

Samples: Revolving Credit (Emmis Communications Corp)

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-1 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 Section 15 hereof) and completed with appropriate insertions. One Tranche A Note shall be payable to the order of each Lender Bank in a principal amount equal to such LenderBank's Commitment Percentage of the Tranche A Commitment Amount or, if less, the outstanding amount of all Tranche A 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 Tranche A Loan or at the time of receipt of any payment of principal on such LenderBank's Tranche A Note, an appropriate notation on such LenderBank'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 LenderBank's Tranche A 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 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.

Appears in 1 contract

Samples: Revolving Credit (Emmis Broadcasting Corporation)

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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-1 A hereto (each a "Tranche A Note"), 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 Lender in a principal amount equal to such Lender's ’s Tranche A Commitment or, if less, the outstanding amount of all Tranche A 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 Tranche A Loan or at the time of receipt of any payment of principal on such Lender's ’s Tranche A Note, an appropriate notation on such Lender's ’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 Lender's ’s Tranche A 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 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.

Appears in 1 contract

Samples: Revolving Credit Agreement (Yankee Candle Co Inc)

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