Variable Funding Note. The Loans shall be evidenced by a promissory note of the Borrower, substantially in the form of Exhibit A hereto (the “VFN” or “Variable Funding Note”), payable to the order of the Agent for the account of the Lender or Bank Investors, as applicable. The Agent shall record the date and amount of each Loan made and the date and amount of each payment of principal thereof, and any such recordation shall constitute prima facie evidence of the accuracy of the information so recorded. The VFN shall (a) be dated the date hereof, (b) be stated to mature on the Scheduled Termination Date, and (c) provide for the payment of principal, interest and fees in accordance with Section 2.4 and Section 2.6 hereof.
Appears in 1 contract
Sources: Variable Funding Loan Agreement (Walter Industries Inc /New/)
Variable Funding Note. The Loans shall be evidenced by a promissory note of the Borrower, substantially in the form of Exhibit A hereto (the “"VFN” " or “"Variable Funding Note”"), payable to the order of the Agent for the account of the Lender or Bank Investors, as applicable. The Agent shall record the date and amount of each Loan made and the date and amount of each payment of principal thereof, and any such recordation shall constitute prima facie evidence of the accuracy of the information so recorded. The VFN shall (a) be dated the date hereof, (b) be stated to mature on the Scheduled Termination Date, and (c) provide for the payment of principal, interest and fees in accordance with Section 2.4 and Section 2.6 hereof.
Appears in 1 contract
Sources: Variable Funding Loan Agreement (Walter Industries Inc /New/)