Common use of Term Note Clause in Contracts

Term Note. The Term Loan and the joint and several obligation of the Borrowers to repay such Loan shall be evidenced by a single Term Note payable to the order of the Lender. Such Note shall be dated the Effective Date and be duly and validly executed and delivered by the Borrowers.

Appears in 2 contracts

Sources: Loan and Security Agreement (Ild Telecommunications Inc), Loan and Security Agreement (Intellicall Inc)

Term Note. The Term Loan and the joint and several obligation of the Borrowers Borrower to repay such Loan shall be evidenced by a single Term Note payable to the order of the Lender. Such Note shall be dated the Effective Date and be duly and validly executed and delivered by the BorrowersBorrower.

Appears in 1 contract

Sources: Loan Agreement (Us Franchise Systems Inc/)

Term Note. The Each Lender's Term Loan Loans and the joint and several obligation of the Borrowers Borrower to repay such Loan Term Loans shall also be evidenced by a single Term Note payable to the order of the such Lender. Such Each Term Note shall be dated the Effective Term Loan Date (or later "effective date" under any Assignment and Acceptance) and be duly and validly executed and delivered by the BorrowersBorrower.

Appears in 1 contract

Sources: Loan and Security Agreement (Nabi /De/)

Term Note. The Term Loan and the joint and several obligation of the Borrowers Borrower to repay such Loan shall be evidenced by a single Term Note payable to the order of the Lender. Such Note shall be dated the Effective Date and be duly and validly executed and delivered by the BorrowersBorrower.

Appears in 1 contract

Sources: Loan and Security Agreement (Dataflex Corp)