Examples of Existing Term Loan Notes in a sentence
In addition to this Agreement, the Term Loan shall be evidenced by a Term Loan Note payable to Lender in the form of Exhibit B attached hereto (the --------- "Term Loan Note"), which Term Loan Note shall supersede and replace the Existing Term Loan Notes.
The Term Loan Note amends, restates and replaces in its entirety the Existing Term Loan Notes provided, however, that the amendment, restatement and replacement of the Existing Term Loan Notes shall in no way be construed as a novation of the Borrower's indebtedness evidenced by the Existing Term Loan Notes.
Chair Salazar thanked Director Negrete and asked for additional information.Director Negrete answered that it was the Wendover Middle School in Elko County School District.
On the Effective Date, the Existing Term Loan Notes are amended by deleting the second paragraph of each Existing Term Loan Note and replacing it as follows: Unless otherwise paid sooner under the provisions of Section 6.2 or Section 12.2 of the Credit Agreement, the principal indebtedness represented by this Note is payable in accordance with and under the provisions of the Credit Agreement.
In addition to this Agreement, the Term Loan shall be evidenced by a Second Consolidated and Amended and Restated Term Loan Note payable to Lender in the form of Exhibit C attached hereto (the “Term Loan Note”), which Term Loan Note shall supersede and replace the Existing Term Loan Notes.
There shall not be deemed to have occurred, and there has not otherwise occurred, any payment, satisfaction or novation of the Indebtedness evidenced by the Existing Credit Agreement and the Existing Term Loan Notes, which Indebtedness is instead allocated among the Term Loan Lenders as of the date hereof in accordance with their respective Applicable Percentages of the Aggregate Term Loan Commitments, and is evidenced by this Agreement and any Term Loan Note(s).