Bid Loan Notes definition
Examples of Bid Loan Notes in a sentence
The Competitive Bid Loans made by the Lenders to a Borrower shall be evidenced, upon request by any Lender, by a promissory note of such Borrower payable to each Lender in substantially the form of Exhibit 2.6(b) hereto (the "Competitive Bid Loan Notes") and in a principal amount equal to the Revolving Loan Commitment as originally in effect.
The Competitive Bid Loans made by the Lenders to the Borrower shall be evidenced, upon request by the Lender or Lenders making such Competitive Bid Loan, by a Competitive Bid Loan Notes in a principal amount equal to the Competitive Bid Loan advanced under such Competitive Bid Request.
This Note is one of one or more Bid Loan Notes evidencing borrowings under and is entitled to the benefits and subject to the provisions of the Credit Agreement.
Collectively, the Revolving Credit Notes, the Term Loan Notes, the Swing Loan Note and the Bid Loan Notes.
Bid Loan Notes shall mean the promissory notes of the Borrower, in the form of Exhibit F, in favor of each Lender evidencing the Competitive Bid Loans, individually or collectively, as appropriate, as such promissory notes may be amended, modified, supplemented, extended, renewed or replaced from time to time.
So long as any Lender shall have any Commitment hereunder and until payment in full of each Loan, the Committed Loan Notes and the Bid Loan Notes and performance of all other obligations of the Borrower under this Agreement and the other Loan Documents, the Borrower agrees that it will not do any of the following unless the Agent (with the consent of the Majority Lenders) shall otherwise consent in writing.
Bid Loans made by a Bank shall be evidenced by a master promissory note of the Borrower in form of Exhibit 2.22(g) hereto (individually, a "Bid Loan Note," and collectively as to all the Banks, the "Bid Loan Notes") payable to the order of such Bank.
Any such recordation by any Lender shall constitute prima facie evidence of the accuracy of the information so recorded; provided, however, that the failure to make any such recordation or any error in any such recordation shall not affect the obligations of the Borrower hereunder, under the Committed Loan Notes, or under the Competitive Bid Loan Notes.
The Competitive Bid Loans made by the Lenders shall be evidenced by a promissory note of the Borrower payable to each Lender in substantially the form of Exhibit 2.7(b) (the "Competitive Bid Loan Notes").
It any of the Events of Default described in Section 8.01(h) or Section 8.01(i) shall occur, the Total Commitment and the Lenders' respective commitments shall immediately terminate, the principal of and the interest on the Loans and all other sums payable by Borrower hereunder and under the Committed Loan Notes and Competitive Bid Loan Notes shall become immediately due and payable all without protest, presentment, notice or demand, all of which the Borrower expressly waives.