Common use of Promise to Repay Clause in Contracts

Promise to Repay. The Borrowers hereby promise to pay when due the principal amount of each Loan which is made to it, and further agrees to pay all unpaid interest accrued thereon, in accordance with the terms of this Agreement and the Notes. Unless a Lender elects not to receive any such promissory note, the Borrowers shall execute and deliver to each Lender on the Closing Date, a promissory note, in form and substance acceptable to the Administrative Agent and such Lender, evidencing the Loans and thereafter shall execute and deliver such other promissory notes as are necessary to evidence the Loans owing to the Lenders after giving effect to any assignment thereof pursuant to Section 14.1, all in form and substance acceptable to the Administrative Agent, the applicable Lenders and the parties to such assignment (all such promissory notes and all amendments thereto, replacements thereof and substitutions therefor being collectively referred to as the “Notes”; and “Note” means any one of the Notes).

Appears in 2 contracts

Sources: Senior Secured Term Loan Agreement (Washington Prime Group, L.P.), Senior Secured Term Loan Agreement (Washington Prime Group, L.P.)

Promise to Repay. The Borrowers Borrower hereby promise agrees to pay when due due, without setoff or counterclaim, the principal amount of each Loan which is made to it, and further agrees to pay all unpaid interest accrued thereon, in accordance with the terms of this Agreement and the Notes. Unless a Lender elects not to receive any such promissory note, the Borrowers The Borrower shall execute and deliver to each Lender on the Closing Date, a promissory note, in the form and substance acceptable to the Administrative Agent and such Lenderof EXHIBIT B-1 attached hereto with blanks appropriately completed, evidencing the Loans and thereafter shall execute and deliver such other promissory notes as are necessary to evidence the Loans made to it owing to the Lenders after giving effect to any assignment thereof pursuant to Section 14.1, all in the form and substance acceptable to the Administrative Agent, the applicable Lenders and the parties to such assignment of EXHIBIT B-1 attached hereto with blanks appropriately completed (all such promissory notes and all amendments thereto, replacements thereof and substitutions therefor being collectively referred to as the “Notes”"BORROWER NOTES"; and “Note” "BORROWER NOTE" means any one of the Borrower Notes).

Appears in 2 contracts

Sources: Revolving Credit Agreement (Reckson Associates Realty Corp), Credit Agreement (Reckson Operating Partnership Lp)

Promise to Repay. The Borrowers Borrower hereby promise agrees to pay when due ----------------- the principal amount of each Loan which is made to it, and further agrees to pay all unpaid interest accrued thereon, in accordance with the terms of this Agreement and the Notes. Unless a Lender elects not to receive any such promissory note, the Borrowers The Borrower shall execute and deliver to each Lender on the Closing Date, a promissory note, in the form and substance acceptable to the Administrative Agent and such Lenderof Exhibit B --------- attached hereto with blanks appropriately completed, evidencing the Loans and thereafter shall execute and deliver such other promissory notes as are necessary to evidence the Loans owing to the Lenders after giving effect to any assignment thereof pursuant to Section 14.1, all in ------------ the form and substance acceptable to the Administrative Agent, the applicable Lenders and the parties to such assignment of Exhibit B attached hereto with blanks appropriately completed --------- (all such promissory notes and all amendments thereto, replacements thereof and substitutions therefor being collectively referred to as the "Notes"; and "Note" means any one of the Notes).. ----- ----

Appears in 1 contract

Sources: Credit Agreement (Reckson Associates Realty Corp)

Promise to Repay. The Borrowers Borrower hereby promise agrees to pay when due the principal amount of each Loan which is made to it, it and further agrees to pay all unpaid interest accrued thereon, in accordance with the terms of this Agreement and the Notes. Unless a Lender elects not to receive any such promissory note, the Borrowers The Borrower shall execute and deliver to each Lender on the Closing Date, a promissory note, in the form and substance acceptable to the Administrative Agent and such Lenderof EXHIBIT B attached hereto with blanks appropriately completed, evidencing the Loans and thereafter shall execute and deliver such other promissory notes as are necessary to evidence the Loans made to it owing to the Lenders after giving effect to any assignment thereof pursuant to Section 14.1, all in the form and substance acceptable to the Administrative Agent, the applicable Lenders and the parties to such assignment of EXHIBIT B attached hereto with blanks appropriately completed (all such promissory notes and all amendments thereto, replacements thereof and substitutions therefor being collectively referred to as the "Notes"; and "Note" means any one of the Notes).

Appears in 1 contract

Sources: Credit Agreement (Reckson Services Industries Inc)

Promise to Repay. The Borrowers Borrower hereby promise agrees to pay when due the principal amount of each Loan which is made to it, and further agrees to pay all unpaid interest accrued thereon, in accordance with the terms of this Agreement and the Notes. Unless a Lender elects not to receive any such promissory note, the Borrowers The Borrower shall execute and deliver to each Lender on the Closing Date, a promissory note, in the form and substance acceptable to the Administrative Agent and such Lenderof EXHIBIT B-1 attached hereto with blanks appropriately completed, evidencing the Loans and thereafter shall execute and deliver such other promissory notes as are necessary to evidence the Loans made to it owing to the Lenders after giving effect to any assignment thereof pursuant to Section 14.1, all in the form and substance acceptable to the Administrative Agent, the applicable Lenders and the parties to such assignment of EXHIBIT B-1 attached hereto with blanks appropriately completed (all such promissory notes and all amendments thereto, replacements thereof and substitutions therefor being collectively referred to as the “Notes”"BORROWER NOTES"; and “Note” "BORROWER NOTE" means any one of the Borrower Notes).

Appears in 1 contract

Sources: Credit Agreement (Reckson Operating Partnership Lp)

Promise to Repay. The Borrowers Borrower hereby promise agrees to pay when ---------------- due the principal amount of each Loan which is made to it, and further agrees to pay all unpaid interest accrued thereon, in accordance with the terms of this Agreement and the Notes. Unless a Lender elects not to receive any such promissory note, the Borrowers The Borrower shall execute and deliver to each Lender on the Closing Date, a promissory note, in the form and substance acceptable to the Administrative Agent and such Lenderof Exhibit B --------- attached hereto with blanks appropriately completed, evidencing the Loans and thereafter shall execute and deliver such other promissory notes as are necessary to evidence the Loans owing to the Lenders after giving effect to any assignment thereof pursuant to Section 14.1, all in the form and substance acceptable to the Administrative Agent, the applicable Lenders and the parties to such assignment of Exhibit B ------------ --------- attached hereto with blanks appropriately completed (all such promissory notes and all amendments thereto, replacements thereof and substitutions therefor being collectively referred to as the "Notes"; and "Note" means any one of the ----- ---- Notes).

Appears in 1 contract

Sources: Credit Agreement (Reckson Associates Realty Corp)