Common use of The Term Notes Clause in Contracts

The Term Notes. Prior to funding any Term Loan Advance, Borrower shall execute and deliver to Lender a Term Note in the principal amount of such Term Loan Advance. Upon the delivery of a Term Note, the principal amount of such Term Loan Advance represented by a Term Note shall be outstanding under (and paid in accordance with) such instrument.

Appears in 2 contracts

Sources: Loan Agreement (Sharps Compliance Corp), Loan Agreement (Sharps Compliance Corp)