Common use of The Term Note Clause in Contracts

The Term Note. The Term Loan shall be evidenced by a single promissory note of Borrower substantially in the form of Exhibit A-2 hereto, with appropriate insertions, payable to the order of the Bank and representing the obligation of Borrower to pay the unpaid principal amount of the Term Loan, with interest thereon as described herein. The Term Loan Note shall (a) be dated the Revolving Credit Termination Date, mature in 48 equal consecutive monthly installments, be payable on the first day of each month commencing on the first day of the month following the Revolving Credit Termination Date and ending on the Term Loan Maturity Date, and (c) bear interest for a period from the date hereof until the Term Maturity Loan Date on the unpaid principal amount thereof at the applicable rates per annum specified herein. All accrued and unpaid interest and fees shall be due and payable on the Term Loan Maturity Date.