Common use of Variable Funding Note Clause in Contracts

Variable Funding Note. The Borrower has heretofore delivered or shall, on the date hereof (and on the terms and subject to the conditions hereinafter set forth), deliver, to each Lender Agent, at the address set forth on the signature pages of this Agreement, and on the effective date of any Joinder Supplement, to each additional Lender Agent, at the address set forth in the applicable Joinder Supplement, a duly executed variable funding note (the “Variable Funding Note”), in substantially the form of Exhibit I, in an aggregate face amount equal to the applicable Lender’s Commitment as of the Original Closing Date or the effective date of any Joinder Supplement, as applicable, and otherwise duly completed; provided that the Borrower shall have no obligation to deliver a Variable Funding Note to any Lender Agent on or after the Ninth Amendment Closing Date unless such Lender Agent requests to receive a Variable Funding Note in writing (including via e-mail). Interest shall accrue on the Variable Funding Note, and the Variable Funding Note shall be payable, as described herein.