Common use of Notations Clause in Contracts

Notations. Each Loan made against the Revolving Credit Note, the status of all amounts evidenced by the Revolving Credit Note as constituting part of the Domestic Rate Portion or a LIBOR Portion, and, in the case of any LIBOR Portion, the rates of interest and Interest Periods applicable to such Portion shall be recorded by the Bank on its books and records or, at its option, recorded on a schedule to the Revolving Credit Note and the unpaid principal balance and status, rates and Interest Periods so recorded or endorsed by the Bank shall be prima facie evidence in any court or other proceeding brought to enforce the Revolving Credit Note of the principal amount remaining unpaid thereon, the status of the Loan or Loans evidenced thereby and the interest rates and Interest Periods applicable thereto; provided that the failure of the Bank to record any of the foregoing shall not limit or otherwise affect the obligation of the Company to repay the principal amount of the Revolving Credit Note together with accrued interest thereon. Prior to any negotiation of the Revolving Credit Note, the Bank shall record on a schedule thereto the status of all amounts evidenced thereby as constituting part of the Domestic Rate Portion or a LIBOR Portion and, in the case of each LIBOR Portion, the rate of interest and the Interest Period applicable thereto.

Appears in 1 contract

Sources: Credit Agreement (QMS Inc)

Notations. Each Loan made against the Revolving Credit Note, the status of all amounts evidenced by the Revolving Credit Note as constituting part of the Domestic Rate Portion or a LIBOR Portion, and, in the case of any LIBOR Portion, the rates of interest and Interest Periods applicable to such Portion shall be recorded by the Bank on its books and records or, at its optionoption in any instance, recorded endorsed on a schedule to the Revolving Credit Note and the unpaid principal balance and status, rates and Interest Periods so recorded or endorsed by the Bank shall be prima facie evidence in any court or other proceeding brought to enforce the Revolving Credit Note of the principal amount remaining unpaid thereon, the status of the Revolving Credit Loan or Loans evidenced thereby and the interest rates and Interest Periods applicable thereto; provided that the failure of the Bank to record any of the foregoing shall not limit or otherwise affect the obligation of the Company to repay the principal amount of the Revolving Credit Note together with accrued interest thereon. Prior to any negotiation of the Revolving Credit Note, the Bank shall record on a schedule thereto the status of all amounts evidenced thereby as constituting part of the Domestic Rate Portion or a LIBOR Portion and, in the case of each any LIBOR Portion, the rate rates of interest and the Interest Period Periods applicable thereto.

Appears in 1 contract

Sources: Credit Agreement (Kaneb Services LLC)

Notations. Each Loan made against the Revolving Credit Note, the status of all amounts evidenced by the Revolving Credit Note as constituting part of the Domestic Rate Portion or a LIBOR Portion, and, in the case of any LIBOR Portion, the rates of interest and Interest Periods applicable to such Portion shall be recorded by the Bank on its books and records or, at its option, recorded on a schedule to the Revolving Credit Note and the unpaid principal balance and status, rates and Interest Periods so recorded or endorsed by the Bank shall be prima facie evidence in any court or other proceeding brought to enforce the Revolving Credit Note of the principal amount remaining unpaid thereon, the status of the Loan or Loans evidenced thereby and the interest rates and Interest Periods applicable thereto; provided that the failure of the Bank to record any of the foregoing shall not limit or otherwise affect the obligation of the Company to repay the principal amount of the Revolving Credit Note together with accrued interest thereon. Prior to any negotiation of the Revolving Credit Note, the Bank shall record on a schedule thereto the status of all amounts evidenced thereby as constituting part of the Domestic Rate Portion or a LIBOR Portion and, in the case of each any LIBOR Portion, the rate rates of interest and the Interest Period Periods applicable thereto.

Appears in 1 contract

Sources: Credit Agreement (JPS Packaging Co)

Notations. Each Loan Loans made against the Revolving Credit a Note, the status of all amounts evidenced by the Revolving Credit a Note as constituting part of the Domestic Rate Portion or a LIBOR PortionPortion or Fixed Rate Swing Loan, and, in the case of any each LIBOR PortionPortion or Fixed Rate Swing Loan, the rates rate of interest and Interest Periods Period applicable to such Portion shall be recorded by the Bank relevant Lender on its books and records or, at its optionoption in any instance, recorded endorsed on a schedule to the Revolving Credit relevant Note and the unpaid principal balance and status, rates and Interest Periods so recorded or endorsed by the Bank such Lender shall be prima facie evidence in any court or other proceeding brought to enforce the Revolving Credit such Note of the principal amount remaining unpaid thereon, the status of the Loan or Loans evidenced thereby and the interest rates and Interest Periods applicable thereto; provided that the failure of the Bank a Lender to record any of the foregoing shall not limit or otherwise affect the unconditionally and absolutely joint or several obligation of the Company Borrowers to repay the principal amount of the Revolving Credit each Note together with accrued interest thereon. Prior to any Lender's negotiation of the Revolving Credit any Note, the Bank such Lender shall record on a schedule thereto the status of all amounts evidenced thereby as constituting part of the applicable Domestic Rate Portion or a LIBOR Portion or Fixed Rate Swing Loan and, in the case of each LIBOR PortionPortion or Fixed Rate Swing Loan, the rate of interest and the Interest Period applicable thereto.

Appears in 1 contract

Sources: Credit Agreement (Hub Group Inc)

Notations. Each Loan made against the Revolving Credit a Note, the status of all amounts evidenced by the Revolving Credit a Note as constituting part of the Domestic Prime Rate Portion or a LIBOR Portion, and, in the case of any LIBOR Portion, the rates of interest and Interest Periods applicable to such Portion shall be recorded by the Bank on its books and records or, at its optionoption in any instance, recorded endorsed on a schedule to the Revolving Credit applicable Note and the unpaid principal balance and status, rates and Interest Periods so recorded or endorsed by the Bank shall be prima facie evidence in any court or other proceeding brought to enforce the Revolving Credit such Note of the principal amount remaining unpaid thereon, the status of the Loan or Loans evidenced thereby and the interest rates and Interest Periods applicable thereto; provided that the failure of the Bank to record any of the foregoing shall not limit or otherwise affect the obligation of the Company Borrowers to repay the principal amount of the Revolving Credit each Note together with accrued interest thereonthereon and fees provided hereunder with respect thereto. Prior to any negotiation of the Revolving Credit a Note, the Bank shall record on a schedule thereto the status of all amounts evidenced thereby as constituting part of the Domestic Prime Rate Portion or a LIBOR Portion and, in the case of each any LIBOR Portion, the rate rates of interest and the Interest Period Periods applicable thereto.

Appears in 1 contract

Sources: Credit Agreement (Natural Nutrition Group Inc)