Revolving Line Note definition

Revolving Line Note means the note evidencing Obligations related to the Revolving Line as described in Section 2.2 of this Agreement.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Revolving Line Note means that certain Revolving Line of Credit Note dated January 11, 2005, in the original full amount of $17,000,000.00 made by the Borrower to the order of the Lender, as amended and restated as of the date hereof, substantially in the form of Exhibit K, as the same may be amended, restated, extended, replaced or otherwise modified from time to time.

Revolving Line Note is the Revolving Line of Credit Note of even date herewith made by Borrower payable to the order of Bank in the principal amount of the Revolving Line, as the same may have been modified, amended, supplemented or replaced from time to time.

Examples of Revolving Line Note in a sentence

This obligation shall survive the payment of the Revolving Line Note.
In the event of transfer of this Revolving Line Note, or if the Bank shall otherwise deem it appropriate, Borrower hereby authorizes Bank to endorse on this Revolving Line Note the amount of advances and payments to reflect the principal balance outstanding from time to time.
In the event that Bank demands or accepts partial payments of this Revolving Line Note, such demand or acceptance shall not be deemed to constitute a waiver of the right to demand the entire unpaid balance of this Revolving Line Note at any time in accordance with the terms hereof.
The terms of this Revolving Line Note cannot be changed, nor may this Revolving Line Note be discharged in whole or in part, except by a writing executed by Bank.
Payments of all accrued interest under this Revolving Line Note shall be due and payable on the first day of each month.
To the fullest extent permissible by law, Borrower waives presentment, demand for payment, protest, notice of nonpayment, and all other demands or notices otherwise required by law in connection with the delivery, acceptance, performance, default, or enforcement of this Revolving Line Note.
Borrower on demand shall pay all expenses of Bank, including without limitation reasonable attorneys' fees, in connection with enforcement and collection of this Revolving Line Note.
If this Revolving Line Note or any payment hereunder becomes due on a day not a Business Day, the due date of this Revolving Line Note or payment shall be extended to the next succeeding Business Day, but any interest or fees shall be calculated based upon the actual time of payment.
At Bank's option, this Revolving Line Note shall become immediately due and payable in full, without further presentment, protest, notice, or demand, upon the happening of any Event of Default.
Borrower consents to extensions, postponements, indulgences, amendments to notes and agreements, substitutions or releases of collateral, and substitutions or releases of other parties primarily or secondarily liable herefor, and agrees that none of the same shall affect Borrower's obligations under this Revolving Line Note which shall be unconditional.

More Definitions of Revolving Line Note

Revolving Line Note means the $7,500,000 Promissory Note in form and content as set forth on Schedule “1.49” attached hereto.

Revolving Line Note shall have the meaning given such term in SECTION 2.1 hereof.

Revolving Line Note means the note of even date in the maximum principal amount of $3,000,000.00 evidencing the Advances under the Revolving Loan.

Revolving Line Note means a promissory note made by Borrower to the order of Bank evidencing the obligation of Borrower to repay Revolving Loans made to it by Bank (and any promissory note that may be issued in substitution, renewal, extension, replacement or exchange therefor), substantially in the form of Exhibit B, with all blanks properly filled in, and executed by Borrower in favor of Bank, either as originally executed or as the same may from time to time be supplemented, modified, amended, renewed, extended or refinanced.