Amended and Restated Revolving Note definition
Examples of Amended and Restated Revolving Note in a sentence
All references to the Revolving Note shall mean the Amended and Restated Revolving Note.
All references in any of the Loan Documents to: (a) the Credit Agreement will be deemed to be references to the Credit Agreement as amended by this Amendment, (b) the Revolving Note will be deemed to be references to Amended and Restated Revolving Note, and (c) the Term Loan B Note will be deemed to be references to the Amended and Restated Term Loan B Note.
In case a Default or Event of Default, as defined in the Revolving Credit Agreement, shall occur and be continuing, the principal of this Amended and Restated Revolving Note may be declared due and payable in the manner and with the effect provided in the Revolving Credit Agreement.
All references in any of the Loan Documents to: (a) the Credit Agreement will be deemed to be references to the Credit Agreement as amended by this Amendment, (b) the Revolving Note will be deemed to be references to Amended and Restated Revolving Note, (c) the Term Loan A Note will be deemed to be references to the Amended and Restated Term Loan A Note, and (d) the Term Loan B Note will be deemed to be references to the Amended and Restated Term Loan B Note.
The indebtedness described in the Loan Agreement has been further evidenced by an Amended and Restated Revolving Note dated as of December 21, 2015 in the principal amount of up to $15,000,000.00 (the “Revolving Note”).
The Loan Agreement is further amended such that all references to "Revolving Note" shall mean the Revolving Note as amended and restated by the Amended and Restated Revolving Note, and all references to "Term Note" shall mean the Amended and Restated Term Note, each as further defined and described below.
This Amended and Restated Revolving Note is issued in substitution for, and not in repayment of, and amends and restates, the Amended and Restated Revolving Note, dated December 31, 1995, as amended.
Borrower has executed this Amended and Restated Revolving Note as of the day and year first above written.
Subject to the terms and conditions set forth herein, Bank agrees to make revolving loans ("Revolving Loans") to Borrowers from time to time in an aggregate principal amount not to exceed $1,500,000 (the "Commitment"), which shall be evidenced by that certain Amended and Restated Revolving Note dated January 15, 2013, executed by Borrowers in favor of Bank.
The Borrower promises to pay interest on the unpaid principal amount of this Second Amended and Restated Revolving Note (this “Note”) on the dates and at the rate or rates provided for in the Loan Agreement, including the default rate set forth in Section 2.5(b) of the Loan Agreement, if applicable.