Common use of Tranche A Term Notes Clause in Contracts

Tranche A Term Notes. (a) The Borrower agrees that, upon the request to the Administrative Agent by any Tranche A Term Loan Lender, in order to evidence such Lender's Tranche A Term Loan the Borrower will execute and deliver to such Lender a promissory note substantially in the form of Exhibit A-2 (each, as amended, supplemented, replaced or otherwise modified from time to time, a "Tranche A Term Note") (and will execute and deliver a replacement Tranche A Term Note to any Tranche A Term Lender which has an outstanding Original Tranche A Term Loan and which makes an Additional Tranche A Term Loan), with appropriate insertions therein as to payee, date and principal amount, payable to the order of such Tranche A Term Loan Lender and in a principal amount equal to the amount set forth opposite such Tranche A Term Loan Lender's name on 44 39 Schedule 1.1 under the heading "Total Tranche A Term Loan Commitment". Each Tranche A Term Loan Lender is hereby authorized to record the date, Type and amount of its Tranche A Term Loan, each continuation thereof, each conversion of all or a portion thereof to another Type, the date and amount of each payment or prepayment of principal of its Tranche A Term Loan and, in the case of Eurodollar Loans, the length of each Interest Period with respect thereto, on the schedules annexed to and constituting a part of its Tranche A Term Note, and any such recordation shall, in the absence of manifest error, constitute prima facie evidence of the accuracy of the information so recorded, provided that the failure by any Tranche A Term Loan Lender to make any such recordation shall not affect any of the obligations of the Borrower under such Tranche A Term Note or this Agreement. Any Tranche A Term Note shall (i) be dated the Closing Date, (ii) be payable as provided in subsection 2.7(b) and (iii) provide for the payment of interest in accordance with subsection 4.1.

Appears in 1 contract

Samples: Credit Agreement (International Wire Group Inc)

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Tranche A Term Notes. (a) The Borrower agrees that, upon the request to the Administrative Agent by any Tranche A Term Loan Lender, in order to evidence such Lender's Tranche A Term Loan the Borrower will execute and deliver to such Lender a promissory note substantially in the form of Exhibit A-2 (each, as amended, supplemented, replaced or otherwise modified from time to time, a "Tranche A Term Note") (and will execute and deliver a replacement Tranche A Term Note to any Tranche A Term Lender which has an outstanding Original Tranche A Term Loan and which makes an Additional Tranche A Term Loan), with appropriate insertions therein as to payee, date and principal amount, payable to the order of such Tranche A Term Loan Lender and in a principal amount equal to the amount set forth opposite such Tranche A Term Loan Lender's name on 44 39 Schedule 1.1 under the heading "Total Tranche A Term Loan Commitment". Each Tranche A Term Loan Lender is hereby authorized to record the date, Type and amount of its Tranche A Term Loan, each continuation thereof, each conversion of all or a portion thereof to another Type, the date and amount of each payment or prepayment of principal of its Tranche A Term Loan and, in the case of Eurodollar Loans, the length of each Interest Period with respect thereto, on the schedules annexed to and constituting a part of its Tranche A Term Note, and any such recordation shall, in the absence of manifest error, constitute prima facie evidence of the accuracy of the information so recorded, provided that the failure by any Tranche A Term Loan Lender to make any such recordation shall not affect any of the obligations of the Borrower under such Tranche A Term Note or this Agreement. Any Tranche A Term Note shall (i) be dated the Closing Date, (ii) be payable as provided in subsection 2.7(b) and (iii) provide for the payment of interest in accordance with subsection 4.1.

Appears in 1 contract

Samples: Credit Agreement (Wire Harness Industries Inc)

Tranche A Term Notes. (a) The Borrower agrees that, upon the request to the Administrative Agent by any Tranche A Term Loan LenderLender made on or prior to the Effective Date or in connection with any assignment pursuant to subsection 11.6(c), in order to evidence such Lender's Tranche A Term Loan the Borrower will execute and deliver to such Lender a promissory note substantially in the form of Exhibit A-2 (each, as amended, supplemented, replaced or otherwise modified from time to time, a "Tranche A Term Note") (and will execute and deliver a replacement Tranche A Term Note to any Tranche A Term Lender which has an outstanding Original Tranche A Term Loan and which makes an Additional Tranche A Term Loan), with appropriate insertions therein as to payee, date and principal amount, payable to the order of such Tranche A Term Loan Lender and in a principal amount equal to the lesser of (a) the amount set forth opposite under such Tranche A Term Loan Lender's name on 44 39 Schedule 1.1 under I opposite the heading "Total Tranche A Term Loan Commitment". Each " and (b) the then unpaid principal amount of the Tranche A Term Loan Lender is hereby authorized to record the date, Type and amount of its Tranche A Term Loan, each continuation thereof, each conversion of all or a portion thereof to another Type, the date and amount of each payment or prepayment of principal of its Tranche A Term Loan and, in the case of Eurodollar Loans, the length of each Interest Period with respect thereto, on the schedules annexed to and constituting a part of its Tranche A Term Note, and any Loans made by such recordation shall, in the absence of manifest error, constitute prima facie evidence of the accuracy of the information so recorded, provided that the failure by any Tranche A Term Loan Lender to make any such recordation shall not affect any of the obligations of the Borrower under such Tranche A Term Note or this AgreementBorrower. Any Each Tranche A Term Note shall (i) be dated the Closing Effective Date, (ii) be payable as provided in subsection 2.7(b) and (iii) provide for the payment of interest in accordance with subsection 4.1. A Tranche A Term Note may be assigned or otherwise transferred only by registration of such assignment or transfer in the Register (and each Tranche A Term Note shall expressly so provide). Any assignment or transfer of a Tranche A Term Note shall be registered in the Register only upon surrender for registration 46 of assignment or transfer of the Tranche A Term Note accompanied by an Assignment and Acceptance duly executed by the assigning Tranche A Term Loan Lender, and thereupon a new Tranche A Term Loan Note shall be issued to the designated Assignee and the surrendered Tranche A term Loan Note shall be returned by the Administrative Agent to the Borrower marked "cancelled". No assignment of a Tranche A Term Loan Note shall be effective unless it shall have been recorded in the Register by the Administrative Agent as provided in this subsection 2.7(a).

Appears in 1 contract

Samples: Credit Agreement (Telex Communications Inc)

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Tranche A Term Notes. (a) The Borrower agrees that, upon the request to the Administrative Agent by any Tranche A Term Loan Lender, in order to evidence such Lender's Tranche A Term Loan the Borrower will execute and deliver to such of each Lender shall be evidenced by a promissory note of the Borrower, substantially in the form of Exhibit A-2 (each, as amended, supplemented, replaced or otherwise modified from time to time, a "Tranche A Term Note") (and will execute and deliver a replacement Tranche A Term Note to any Tranche A Term Lender which has an outstanding Original Tranche A Term Loan and which makes an Additional Tranche A Term Loan), A-1 with appropriate insertions therein as to payee, date and principal amountamount (a "TRANCHE A TERM NOTE"), payable to the order of such Lender and representing the obligation of the Borrower to pay the amount of the Tranche A Term Loan Lender and in a principal amount equal to the amount set forth opposite made by such Tranche A Term Loan Lender's name on 44 39 Schedule 1.1 under the heading "Total Tranche A Term Loan Commitment". Each Tranche A Term Loan Lender is hereby authorized to record the date, Type and amount of its Tranche A Term Loan, each continuation thereof, each conversion of all or a portion thereof to another Type, Loan and the date and amount of each payment or prepayment of principal thereof and each Conversion of its Tranche A Term Loan all or a portion thereof to another Type and, and in the case of Eurodollar Loans, the length of each Interest Period with respect thereto, on the schedules schedule annexed to and constituting a part of its Tranche A Term Note, and any such recordation shall, in the absence of manifest error, shall constitute prima facie evidence of the accuracy of the information so recorded; provided, provided that the failure by any Tranche A Term Loan of such Lender to make any such recordation shall not impair or otherwise affect any the validity or enforceability of the obligations of the Borrower under such its Tranche A Term Note or this AgreementNote. Any Each Tranche A Term Note shall (ia) be dated the Closing Date, (iib) be stated to mature in installments in amounts equal to such Lender's Tranche A Term Loan Commitment Percentage of the amounts, and payable as provided in subsection 2.7(b) on the dates, set forth on Schedule 2.2, and (iiic) provide bear interest for the payment of period from the date thereof on the unpaid principal amount thereof at the applicable interest rates per annum specified in accordance with subsection 4.1Section 5.1.

Appears in 1 contract

Samples: Credit Agreement (Monarch Machine Tool Co)

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