Examples of New Term Loan Note in a sentence
The provisions of the New Term Loan Note are incorporated herein by reference.
Xxxxxxxx'x Alabama, Xxxxxxxx'x Florida and Bank desire to amend the Agreement, it being the intention of the parties that this Fifth Amendment set forth such amendments, to provide, among other things, for the establishment of a new line of credit facility, to be evidenced by a New Line of Credit Note, and a new term loan facility, to be evidenced by a New Term Loan Note, and each of which shall be subject to the terms and conditions set forth in the Agreement as amended by this Fifth Amendment.
So long as no Event of Default has occurred and is continuing, on July 15, 1997, without any further action on the part of the Bank and the Borrower, the New Line shall be automatically converted into and become, and the Bank shall be deemed to have extended to the Borrower, a term loan (the "New Term Loan") in the principal amount equal to the unpaid principal amount outstanding on the New Line at July 15, 1997, to be repaid as provided in the New Term Loan Note.
On July 15, 1997, the Borrower shall execute and deliver to the Bank a note in the form attached hereto as Exhibit "B" (the "New Term Loan Note") as evidence of Term Loan.
Interest on the New Line of Credit Note and the New Term Loan Note.