Revolving Loan Note definition
Examples of Revolving Loan Note in a sentence
Upon request, the Borrowers (at their expense) shall execute and deliver a Revolving Loan Note to the assignee Lender.
Each Lender shall endorse on the schedules annexed to its Revolving Loan Note the date, amount and maturity of each Revolving Loan deemed made by it and the amount of each payment of principal made by the applicable Borrower with respect thereto.
Each such Lender is irrevocably authorized by the applicable Borrower to endorse its Revolving Loan Note and each Lender’s record shall be conclusive absent manifest error; provided that the failure of a Lender to make, or an error in making, a notation thereon with respect to any Revolving Loan shall not limit or otherwise affect the obligations of the applicable Borrower hereunder or under any such Revolving Loan Note to such Lender.