Common use of The Revolving Credit Note Clause in Contracts

The Revolving Credit Note. The obligation to repay Revolving Credit Loans, with interest as provided herein, shall be evidenced by certain notes (hereinafter, collectively, the "REVOLVING CREDIT NOTE") payable to each Lender in a principal amount equal to such Lender's Commitment Percentage of the Revolving Credit, in the form of EXHIBIT 3-5, annexed hereto, executed by each Borrower in favor of such Lender. Neither the original nor a copy of any Revolving Credit Note shall be required, however, to establish or prove any Liability on account thereof. In the event that a Revolving Credit Note is ever lost, mutilated, or destroyed, the Borrowers shall execute a replacement thereof and deliver such replacement to the subject Lender, subject to such Lender providing a commercially reasonable indemnity in connection therewith.

Appears in 1 contract

Sources: Loan Agreement (Dynamics Research Corp)

The Revolving Credit Note. The obligation to repay Revolving Credit Loans, with interest as provided herein, shall be evidenced by certain notes (hereinafter, collectively, the "REVOLVING CREDIT NOTE") payable to each Lender in a principal amount equal to such Lender's Commitment Percentage of the Revolving Credit, in the form of EXHIBIT 3-57, annexed hereto, executed by each Borrower in favor of such Lender. Neither the original nor a copy of any Revolving Credit Note shall be required, however, to establish or prove any Liability on account thereof. In the event that a Revolving Credit Note is ever lost, mutilated, or destroyed, the Borrowers shall execute a replacement thereof and deliver such replacement to the subject Lender, subject to such Lender providing a commercially reasonable indemnity in connection therewith.

Appears in 1 contract

Sources: Loan Agreement (Dynamics Research Corp)

The Revolving Credit Note. The obligation to repay Revolving Credit Loans, with interest as provided herein, shall be evidenced by certain notes (hereinafter, collectively, the "REVOLVING CREDIT NOTE"“Revolving Credit Note”) payable to each Lender in a principal amount equal to such Lender's ’s Commitment Percentage of the Revolving Credit, in the form of EXHIBIT 3-5, annexed hereto, executed by each Borrower in favor of such Lender. Neither the original nor a copy of any Revolving Credit Note shall be required, however, to establish or prove any Liability on account thereof. In the event that a Revolving Credit Note is ever lost, mutilated, or destroyed, the Borrowers shall execute a replacement thereof and deliver such replacement to the subject Lender, subject to such Lender providing a commercially reasonable indemnity in connection therewith.

Appears in 1 contract

Sources: Loan Agreement (Dynamics Research Corp)