Common use of The Revolving Notes Clause in Contracts

The Revolving Notes. (a) The Revolving Loans of each Bank shall be evidenced by a single. promissory 10 note in favor of such Bank in the form of Exhibit A, dated the date of this Agreement, and duly completed and executed by the Borrower. (b) Upon receipt of each Bank's Revolving Note pursuant to Section 3.01(a), the Agent shall mail such Revolving Note to such Bank. Each Bank shall record and, prior to any transfer of its Revolving Note, shall endorse on a schedule forming a part thereof appropriate notations evidencing the date, the type, the amount and the maturity of each Revolving Loan made by it which is evidenced by such Revolving Note and the date and amount of each payment of principal made by the Borrower with respect thereto; provided, that failure to make any such endorsement or notation shall not affect the Obligations of the Borrower hereunder or under any Revolving Note. Each Bank is hereby irrevocably authorized by the Borrower to so endorse its Revolving Note and to attach to and make a part of any Revolving Note a continuation of any such schedule as and when required.

The Revolving Notes. (a) The Revolving Loans of each Bank shall be evidenced by a single. single promissory 10 note in favor of such each Bank in the form of Exhibit A, dated the date of this Agreement, and duly completed and executed by the Borrower. (b) Upon receipt of each Bank's Revolving Note pursuant to Section 3.01(a), the Agent shall mail such Revolving Note to such Bank. Each Bank shall is authorized to record and, prior to any transfer of its any Revolving Note, shall endorse on a schedule forming a part thereof appropriate notations evidencing the date, the type, the amount and the maturity of each Revolving Loan made by it which is evidenced by such Revolving Note and the date and amount of each payment of principal made by the Borrower with respect thereto; provided, that failure to make any such endorsement or notation shall not affect the Obligations of the Borrower hereunder or under any Revolving Note. Each Bank is hereby irrevocably authorized by the Borrower to so endorse its Revolving Note and to attach to and make a part of any the Revolving Note a continuation of any such schedule as and when required. Each Bank may, at its option, record and maintain such information in its internal records rather than on such schedule.