Common use of Credit Note Clause in Contracts

Credit Note. Borrower's indebtedness to Lender for amounts borrowed under each Advance under the Credit Facility and for interest accrued thereon shall be evidenced by Borrower's separate promissory note to Lender, on a standard form for commercial promissory note satisfactory to Lender in the amount of each Advance, not to exceed in the aggregate the Maximum Credit Balance (the "Credit Note"). Each Credit Note shall be subject to the terms and conditions of this Agreement.

Appears in 3 contracts

Sources: Credit Agreement, Credit Agreement (MAGELLAN GOLD Corp), Credit Agreement (Athena Silver Corp)