Examples of Qualified Borrower Note in a sentence
Each Qualified Borrower Note shall (a) be in the amount of the Loans to be advanced to such Qualified Borrower; (b) be payable to the Administrative Agent for the account of the Lenders, at the principal office of Administrative Agent; (c) bear interest in accordance with Section 2.06; (d) be in the form of Exhibit O attached hereto (with blanks appropriately completed in conformity herewith); and (e) be duly executed by such Qualified Borrower.
Administrative Agent may conclusively rely on Lenders as to the amount due to Lenders under any Qualified Borrower Note or Borrower Guaranty.
Notwithstanding anything to the contrary contained herein, each of the Borrowers and the Guarantor and the Administrative Agent, on behalf of the Lenders, hereby agree that each Qualified Borrower is severally liable with respect to its obligations hereunder and under any Qualified Borrower Note.