Common use of The Master Note Clause in Contracts

The Master Note. The obligation to repay loans and advances under the Revolving Credit, with interest as provided herein, shall be evidenced by a note (the "Master Note") in the form of EXHIBIT 1-6, annexed hereto, executed by the Borrower. Neither the original nor a copy of the Master Note shall be required, however, to establish or prove any Liability. In the event that the Master Note is ever lost, mutilated, or destroyed, the Borrower shall execute a replacement thereof and deliver such replacement to the Lender and the Lender will defend and indemnify the Borrower with respect to the execution of the replacement Master Note.

The Master Note. The obligation to repay loans and advances under the Revolving Credit, with interest as provided herein, shall may be evidenced by a note (the "“Master Note"”) in the form of EXHIBIT 1-6, annexed hereto, executed by the BorrowerBorrowers. Neither the original nor a copy of the Master Note shall be required, however, to establish or prove any Liability. In the event that the Master Note is ever lost, mutilated, or destroyed, the Borrower Borrowers shall execute a replacement thereof and deliver such replacement to the Lender and the Lender will defend and indemnify the Borrower Lender, upon receipt of reasonable assurances of indemnification with respect to the execution of the replacement such original Master Note, if requested by the Borrower, provided however, nothing in this Section 1-6 shall be deemed to require Lender to produce the Master Note as a condition of enforcement of any of Lender’s rights under this Agreement.