Master Note Clause Samples
A Master Note clause serves as a central document that outlines the key terms and conditions governing a series of related financial transactions, such as loans or promissory notes, between the same parties. Instead of drafting separate agreements for each transaction, the Master Note consolidates the terms—such as interest rates, repayment schedules, and default provisions—into a single, overarching agreement. This approach streamlines documentation, reduces administrative burden, and ensures consistency across multiple transactions, ultimately minimizing the risk of conflicting terms and simplifying ongoing management.
Master Note. Advances outstanding under the Revolving Loan shall be evidenced by the Master Note substantially in the form of Exhibit A annexed hereto and the balance due from time to time on the Master Note shall be conclusively evidenced by the Bank's records of disbursements and repayments, subject to Subsection 2.1(f).
Master Note a. The Issuer will, prior to the Effective Date, deliver to the Bank a Note Certificate registered in the name of Cede & Co., a nominee of DTC, evidencing the Obligations. The Note Certificate shall bear the manual or facsimile signatures of one or more Authorized Persons and specify the date of issuance (the “Issue Date”), the full legal name of the Issuer, and the name of the bank acting as paying agent for the Issuer.
b. Any Obligation (as evidenced by the Note Certificate) shall, upon the Bank’s issuance of such Obligation in compliance with the terms of this Agreement on behalf of the Issuer, bind the Issuer notwithstanding that one or both of such Authorized Persons providing the Instructions for issuance of the Obligation are no longer Authorized Persons on the date such Obligation is issued by the Bank. Furthermore, the Issuer agrees that the Bank shall have no duty or responsibility to determine the genuineness of the facsimile and/or manual signatures appearing on any document, including but not limited to any Instructions or the Note Certificate, if such facsimile or manual signature reasonably resembles the corresponding specimen signature of an Authorized Person listed on the most recent Certificate of Authorized Persons provided by the Issuer to the Bank.
Master Note. The Master Note, properly executed.
Master Note. If this Note is designated herein as a MASTER NOTE or is denoted on Bank’s records as a MASTER NOTE, then this Note evidences a line of credit and Borrower shall be liable for only so much of the principal amount as shall be equal to the total of the amounts advanced to or for Borrower by Bank from time to time, less all payments made by or for Borrower and applied by Bank to principal, and for interest on each such advance, fees, premiums, charges and costs and expenses incurred or due hereunder, all as shown on Bank’s books and records which shall be conclusive evidence of the amount owed by Borrower under this Note, absent a clear and convincing showing of bad faith or manifest error. If this is a MASTER NOTE, upon the occurrence of an Event of Default or the occurrence of an event which, with the giving of notice or a lapse of time, or both, would become an Event of Default under this Note, in addition to its other rights and remedies, Bank may terminate or suspend Borrower’s right to receive any future or additional advances under this Note and the other loan documents.
Master Note. If this Note is designated herein as a MASTER NOTE or is denoted on Lender’s records as a MASTER NOTE, then this Note evidences a line of credit and Borrower shall be liable for only so much of the principal amount as shall be equal to the total of the amounts advanced to or for Borrower by Lender from time to time, less all payments made by or for Borrower and applied by Lender to principal, and for interest on each such advance, fees, premiums, charges and costs and expenses incurred or due hereunder all as shown on ▇▇▇▇▇▇’s books and records which shall be conclusive evidence of the amount owed absent a clear and convincing showing of gross negligence or gross misconduct. (Signatures Contained On Next Page)
Master Note. The maximum amount of the Revolving Loan shall be evidenced by the Master Note, and the balance due from time to time on the Master Note shall be conclusively evidenced by the Lender's records of disbursements and repayments, subject to Subsection 2.1(e).
Master Note. The promissory note (the "Master Note"), dated of even date herewith, in the principal face of the Credit Line, payable to the order of ▇▇▇▇▇▇▇▇, evidencing Borrower's obligation to pay the amounts advanced or re-advanced by ▇▇▇▇▇▇▇▇ against the Credit Line with interest and agreed charges and all renewals, modifications, amendments and substitutions, if any, thereof.
Master Note. Borrower shall have executed the Master Note and delivered the same to Lender.
Master Note. The promissory note issued by each Guaranteed Fund to Guaranteed Holdings to evidence Fund Voluntary Loans, including Voluntary Loans advanced by the Centerline Parties to the Guaranteed Fund prior to the deliver of the Receivables Assignment and Assumption Agreement.
Master Note. The term "Master Note" shall mean the Revolving Line of Credit Promissory Note made payable by Borrower on the same date herewith to the order of Lender for the purchase of Late and the construction of Houses.