The Bank Note Clause Samples

The Bank Note. All Unreimbursed Amounts and Bank Loans shall be made against and evidenced by a promissory note (the “Bank Note”) issued by the City pursuant to the terms hereof to the Bank. The Bank Note shall be payable to the order of the Bank in an amount equal to the aggregate amount of all Unreimbursed Amounts and Bank Loans outstanding from time to time. The Bank Note shall be executed and delivered to the Bank on the Closing Date substantially in the form of Exhibit B attached hereto, with appropriate insertions. All Unreimbursed Amounts and Bank Loans and all payments and prepayments on account of the principal of and interest thereon shall be recorded by the Bank on its books and records, which books and records shall, absent manifest error, be conclusive as to amounts payable by the City hereunder and under the Bank Note. The Bank may, but shall not be required to, complete the schedule attached to the Bank Note to reflect the status of Unreimbursed Amounts and Bank Loans thereunder; provided, that the failure to make, or any error in making, any such endorsement on such schedule shall not limit, extinguish or in any way modify the obligation of the City to repay the Unreimbursed Amounts and Bank Loans. The City shall pay principal and interest on the Bank Note on the dates and at the rates provided for in Sections 2.10 and 2.11 hereof with respect to Unreimbursed Amounts and Bank Loans.
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The Bank Note. The Term Loan and all Reimbursement Obligations shall be made against and evidenced by the Commission’s promissory note payable to the order of the Purchaser in the principal amount equal to the Term Loan Original Amount, such note to be executed and delivered to the Purchaser on the Effective Date in the form of Exhibit B attached hereto with appropriate insertions (the “Bank Note”). All Reimbursement Obligations and all payments and prepayments on account of the principal balance of and interest on the Term Loan shall be recorded by the Purchaser on its books and records, which books and records shall, absent manifest error, be conclusive as to amounts payable by the Commission hereunder and under the Bank Note. The Purchaser may, but shall not be required to, complete the schedule attached to the Bank Note to reflect the making and status of the Term Loan, provided that the failure to make or any error in making any such endorsement on such schedule shall not limit, extinguish or in any way modify the obligation of the Commission to repay the Term Loan and Reimbursement Obligations. The Commission shall pay principal and interest on the Bank Note on the dates and at the rates provided for in Sections 2.02 hereof with respect to the Term Loan and Reimbursement Obligations.
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Related to The Bank Note

  • PLEASE NOTE Retail clinics located in retail stores, supermarkets and pharmacies are not considered urgent care centers. The amount you pay for services at a retail based clinic differs from the amount you pay for urgent care services. See the Summary of Medical Benefits for details.

  • The Note The Loan shall be evidenced by the Note and shall be repaid in accordance with the terms of this Agreement and the Note.

  • Promissory Note The Promissory Note is enclosed. The Chief Financial Officer is required to sign it and return it to the OPWC Loan Officer, ▇▇▇▇▇ ▇▇▇▇▇▇. It is preferable that you scan and email it to her at ▇▇▇▇▇.▇▇▇▇▇▇@▇▇▇.▇▇▇▇▇.▇▇.▇▇ but may also mail it to the address on our letterhead. Only use one method.

  • Revolving Note The Revolving Loans made by each Lender shall, in addition to this Agreement, also be evidenced by a promissory note of the Borrower substantially in the form of Exhibit K (each a “Revolving Note”), payable to the order of such Lender in a principal amount equal to the amount of its Commitment as originally in effect and otherwise duly completed.

  • Term Note The Term Loan shall be evidenced by the Term Note. At the time of the disbursement of the Term Loan or a repayment made in whole or in part thereon, a notation thereof shall be made on the books and records of the Bank. All amounts recorded shall be, absent demonstrable error, conclusive and binding evidence of (i) the principal amount of the Term Loan advanced hereunder, (ii) any accrued and unpaid interest owing on the Term Loan and (iii) all amounts repaid on the Term Loan. The failure to record any such amount or any error in recording such amounts shall not, however, limit or otherwise affect the joint and several obligations of the Borrowers under the Term Note to repay the principal amount of the Term Loan, together with all interest accruing thereon.