Term A Notes Clause Samples
The 'Term A Notes' clause defines the specific terms and conditions governing a particular series or class of notes, typically referred to as 'Term A Notes,' issued under a financing agreement. This clause outlines key details such as the principal amount, interest rate, maturity date, repayment schedule, and any special rights or restrictions associated with these notes. For example, it may specify that Term A Notes are to be repaid in equal quarterly installments over a five-year period, with a fixed interest rate. The core practical function of this clause is to clearly delineate the obligations and entitlements related to Term A Notes, ensuring both parties understand the financial terms and reducing the risk of disputes.
Term A Notes. All references in the Loan Agreement to the form of the Term A Note in the form of Exhibit “1” to the Loan Agreement shall be deemed to be references to the form of the Term A Note in the form of Exhibit “A-1” attached hereto and made a part hereof.
Term A Notes. See (S)4.1.2. ------------- Term A Note Record. A record with respect to a Term A Note. ------------------- Term B Notes. See (S)4.2.2. ------------- Term B Note Record. A record with respect to a Term B Note. ------------------- Term Loan A. The term loan made or to be made by the Banks to the ------------ Borrower on the Conversion Date as contemplated by (S)4.1 hereof.
Term A Notes. The joint and several liability of each Borrower for and on account of the Term A Loan shall be evidenced by a promissory note (in the pertinent form of Exhibit A hereto) executed and delivered by each Borrower, which note shall be payable to the order of Tennessee Farmers in the principal amount of the Term A Loan Amount (as the same may be amended, modified, supplemented, sold or assigned from time to time, a "Term A Note" and collectively, the "Term A Notes," which terms shall include any other promissory note accepted in renewal of or substitution for such promissory notes).
Term A Notes. Each Term A Lender's Term A Loan and the obligation ------------ of the Borrowers to repay such Term A Loan shall be evidenced by a separate Term A Note executed by the Borrowers payable to the order of such Lender. Each Term A Loan Note shall be dated the date hereof and shall bear interest on the unpaid principal amount thereof at the applicable interest rate per annum specified in Section 5.1.
Term A Notes. Each Term A Lender's Term A Loans and the obligations of the Borrowers to repay such Term A Loans shall be evidenced by a separate Term A Note executed by the Borrowers payable to the order of such Term A Lender. Each Term A Note shall be dated the date hereof and shall bear interest on the unpaid principal amount thereof at the applicable interest rate per annum specified in Section 5.1.
Term A Notes. The Term A Loan of each Bank shall be evidenced by a Term A Note, and shall bear interest and be payable to the order of each Bank upon the terms and conditions contained therein. The aggregate amount funded by a Bank under its Term A Loan Note shall be the principal amount owing and unpaid on its Term A Note and its Term A Loan. The principal amount funded by a Bank and all principal payments and prepayments thereof may be noted by such Bank on a schedule attached to its Term A Note and shall be entered by the Bank on its ledgers and computer records; provided that the failure of the Bank to make such notations or entries shall not affect the principal amount owing and unpaid on its Term A Note. The entries made in the ordinary course of business by a Bank on its ledgers and computer records and any notations made in the ordinary course of business by a Bank on any such schedule annexed to its Term A Note shall be presumed to be accurate until the contrary is established. If requested, Borrower shall confirm in writing to the Administrative Agent each Term A Loan Advance.
Term A Notes. The Term A Loan made by a Bank shall be evidenced by a single promissory note of the Borrower in substantially the form of Exhibit "C" hereto payable to the order of such Bank in a principal amount equal to its Term A Commitment as originally in effect and otherwise duly completed.
Term A Notes. A Term A Note duly executed by Operating Subsidiary in favor of each Bank in the respective amount of such Bank's Term A Commitment.
Term A Notes. Term Loans A shall be evidenced by separate promissory notes of the Borrower in substantially the form of Exhibit A-2 hereto (each a "Term A Note"), with appropriate insertions. One Term A Note shall be payable to the order of each Term Loan A Lender in a principal amount equal to such Lender's Term Loans A as of the Restatement Effective Date and representing the obligation of the Borrower to pay to such Lender the outstanding amount of such Lender's Term Loans A, plus interest accrued thereon, as set forth below.
Term A Notes. A Renewal Term A Note duly executed by Operating Subsidiary in favor of each Bank in the respective amount of such Bank’s Term A Commitment.