Examples of B Loan Note in a sentence
Upon the request of any Lender made through the Administrative Agent, the Borrower shall execute and deliver to such Lender (through the Administrative Agent) a Revolving Loan Note and/or a Term B Loan Note, as applicable, which shall evidence such Lender’s Loans in addition to such accounts or records.
Once recorded on the Register, the Obligations evidenced by such Registered Tranche B Loan Note may not be removed from the Register so long as it remains outstanding and a Registered Tranche B Loan Note may not be exchanged for a promissory note that is not a Registered Tranche B Loan Note.
In the event of any inconsistency between the provisions of this Class B Loan Note and the provisions of the Credit Agreement, the Credit Agreement will prevail.
This Class B Loan Note shall be binding upon the Borrower and shall inure to the benefit of the holder hereof and its successors and assigns.
This Class B Loan Note may be transferred or assigned by the holder hereof at any time, subject to compliance with the Credit Agreement and any applicable law.
This Class B Loan Note is one of the Loan Notes referred to in, and is entitled to the benefits of, the Credit Agreement, which, among other things, contains provisions for acceleration of the maturity hereof upon the happening of certain stated events and also for prepayments on account of the principal hereof prior to the maturity hereof upon the terms and conditions specified therein and is secured by the Collateral.
The Borrower also agrees to pay interest in like money to the Class B Loan Note Holder, for the benefit of the Class B Lenders in its Class B Lender Group, on the unpaid principal amount of each such Class B Advance from time to time from the date hereof until payment in full thereof at the rate or rates and on the dates set forth in the Credit Agreement.
Upon the registration of such Term B Loan, any promissory note (other than a Registered Term B Loan Note) evidencing the same shall be null and void and shall be returned to Lead Borrower.
Borrowers agree, at the request of Agent, to execute and deliver to Agent a promissory note in registered form reasonably acceptable to Agent to evidence such Term B Loans (that is, containing registered note language) and registered as provided in Section 13.7(c) of the Loan Agreement (a "Registered Term B Loan Note"), payable to the order of Agent, on behalf of the Term B Loan Lenders and otherwise duly completed.
Any Term B Loans recorded on the Register (the "Registered Term B Loans") may not be evidenced by a promissory note other than a Registered Term B Loan Note (as defined below).