Examples of Canadian Term Note in a sentence
Each Canadian Borrower shall execute and deliver to each Canadian Lender (or to Agent for that Lender) on the Closing Date, a Canadian Term Note substantially in the form of Exhibit IV-D annexed hereto to evidence that ------------ Canadian Lender's Canadian Term Loan, in the principal amount of that Canadian Lender's Canadian Term Loan and with other appropriate insertions.
The Canadian Borrower irrevocably authorizes each Lender to make or cause to be made a notation on such Lender's Note Record reflecting the original principal amount of such Lender's Commitment Percentage of the Canadian Term Loan and, at or about the time of such Lender's receipt of any principal payment on such Lender's Canadian Term Note, an appropriate notation on such Lender's Note Record reflecting such payment.
The aggregate unpaid amount set forth on such Lender's Note Record shall be prima facie evidence of the principal amount thereof owing and unpaid to such Lender, but the failure to record, or any error in so recording, any such amount on such Lender's Note Record shall not affect the obligations of the Canadian Borrower hereunder or under any Canadian Term Note to make payments of principal of and interest on any Canadian Term Note when due.
One Canadian Term Note shall be payable to the order of each Lender in a principal amount equal to such Lender's Commitment Percentage of the Canadian Term Loan and representing the Obligation of the Canadian Borrower to pay to such Lender such principal amount, in Canadian Dollars, plus interest accrued thereon, as set forth below.
The entries in the Canadian Register shall constitute prima facie evidence, and the Borrowers, the Canadian Administrative Agent and the Lenders shall treat each Person in whose name a Canadian Term Loan or Revolving Loan is registered (or, if applicable, to which a Canadian Term Note or a Revolving Note has been issued) as the owner thereof for the purposes of all Loan Documents, notwithstanding notice or any provision herein to the contrary.
Each such Canadian Term Note (or, if a Canadian Term Note is not requested, this Agreement) shall represent the obligation of Canadian Borrower to pay the applicable Canadian Lender’s Canadian Commitment, together with interest thereon as prescribed in Section 1.5.
The liability of the Canadian Borrower under this Canadian Term Note shall not be duplicative of Canadian Term Loans evidenced by Canadian BAs or Acceptance Notes issued by the Canadian Borrower under the Credit Agreement.
The Canadian Term Loan shall be evidenced by separate promissory notes of the Canadian Borrower in substantially the form of Exhibit B hereto (a "Canadian Term Note"), dated the Closing Date (or such other date on which a Lender may become a party hereto in accordance with Section 20 hereof) and completed with appropriate insertions.
Any assignment or transfer of this Canadian Term Note shall be effective solely by registration thereof in the Register pursuant to the Credit Agreement.
The Canadian Term Loan shall be evidenced by separate promissory notes of the Canadian Borrower in substantially the form of Exhibit B hereto (a "Canadian Term Note"), dated the Closing Date (or such other date on which a Lender may become a party hereto in accordance with (Section)20 hereof) and completed with appropriate insertions.