Canadian Swing Note definition
Examples of Canadian Swing Note in a sentence
Interest on each Canadian Swing Note shall accrue and be due and payable as provided herein and therein.
The amount of principal owing on each Canadian Swing Note at any given time shall be the aggregate amount of all Canadian Swing Loans theretofore made by Canadian Swing Lender minus all payments of principal theretofore received by Canadian Swing Lender on such Canadian Swing Note (including as a result of any refinancing pursuant to Section 1.11).
The obligation of each Canadian Borrower to repay to Canadian Swing Lender the aggregate amount of all Canadian Swing Loans made by Canadian Swing Lender, together with interest accruing in connection therewith, shall be evidenced by a separate promissory note (herein called each Canadian Borrower's "Canadian Swing Note") made by each Canadian Borrower payable to the order of Canadian Swing Lender in the form of Exhibit A-2 with appropriate insertions.
Each Canadian Swing Note shall be due and payable as provided herein and therein, and shall be due and payable in full on the Conversion Date.
Each Canadian Swing Note shall be due and payable as provided herein and therein, and shall be due and payable in full on the Canadian Conversion Date.
The obligation of the Canadian Borrower to repay the aggregate unpaid principal amount of the Canadian Swing Loans made to it by PNC Canada, together with interest thereon, shall be evidenced by a Canadian Swing Note dated the Closing Date payable to the order of PNC Canada in a face amount equal to the Canadian Swing Loan Commitment.