Examples of Acquisition Term Note in a sentence
If the Borrowers elect to convert an Acquisition Advance into an Acquisition Term Loan, the Borrowers agree to execute and deliver a promissory note (an "Acquisition Term Note"), payable to the order of the Bank containing such terms of repayment to which the parties shall have mutually agreed.
The term "Loan Documents" as used in this Note shall mean collectively this Note, any Acquisition Term Note, the Loan Agreement and any other instrument, agreement, or document previously, simultaneously, or hereafter executed and delivered by the Borrower, the Guarantors and/or any other person, singularly or jointly with any other person, evidencing, securing, guaranteeing, or in connection with the Principal Sum, this Note and/or the Loan Agreement.
The forms of the Master Line of Credit Note and the Acquisition Term Note to be utilized are attached hereto as Exhibit B-1 and B-2, respectively.
The Advances (other than the Acquisition Advances which the Borrowers have elected to convert to an Acquisition Term Note) from time to time outstanding under the Revolving Credit Facility shall be evidenced by the Revolving Note, which shall be jointly and severally made, executed and delivered by the Borrowers.
The Lender shall have received the Acquisition Term Note conforming to the requirements hereof and executed by a Responsible Officer of each Borrower and attested by a duly authorized representative of each Borrower.