Term Note. The Term Loan shall be evidenced by the Term Note. At the time of the disbursement of the Term Loan or a repayment made in whole or in part thereon, a notation thereof shall be made on the books and records of the Bank. All amounts recorded shall be, absent demonstrable error, conclusive and binding evidence of (i) the principal amount of the Term Loan advanced hereunder, (ii) any accrued and unpaid interest owing on the Term Loan and (iii) all amounts repaid on the Term Loan. The failure to record any such amount or any error in recording such amounts shall not, however, limit or otherwise affect the joint and several obligations of the Borrowers under the Term Note to repay the principal amount of the Term Loan, together with all interest accruing thereon.
Term Note. The Term Loan shall be evidenced by a promissory note of --------- the Company substantially in the form of Exhibit B hereto with appropriate insertions (the "Term Note") payable to the order of the Bank and dated the date of the Term Loan. The principal amount of the Term Note shall be payable in twenty-one (21) consecutive monthly installments, the first twenty (20) of which shall be in an amount equal to $21,429.00 each, and the final installment to be in the amount equal to the then unpaid principal balance, payable on the first day of each month commencing March 1, 2000 until November 1, 2001 when the entire unpaid principal balance of the Term Note together with all interest accrued and unpaid shall be paid in full. In all cases, interest shall be computed on the basis of a 360 day year for actual days elapsed and shall be payable as provided in Section 2.8(a) hereof. After any stated or accelerated maturity thereof, the Term Note shall bear interest at the Post Default Rate.
Term Note. The Term Loan made by the Lender shall be evidenced by a promissory note of the Company, substantially in the form of Exhibit B, with appropriate insertions (the "Term Note") payable to the order of the Lender and representing the obligation of the Company to pay the unpaid principal amount of the Term Loan of the Lender with interest thereon as prescribed in Section 3.01. The Lender is authorized to record the Type and the date and amount of each payment or prepayment of principal thereof in the Lender's records or on the grid schedule annexed to the Term Note; provided, however, that the failure of the Lender to set forth each payment and other information shall not in any manner affect the obligation of the Company to repay the Term Loan in accordance with the terms of the Term Note and this Agreement. The Term Note, the grid schedule and the books and records of the Lender shall constitute conclusive evidence of the information so recorded absent manifest error. The Term Note shall (a) be dated the Closing Date, (b) be stated to mature on the Maturity Date and (c) be payable as to principal in sixty (60) consecutive monthly principal installments of $25,000 each, commencing June 1, 2002, and on the first day of each month thereafter, provided that the final installment on the Maturity Date shall be in an amount equal to the remaining principal amount then outstanding Date. Repayments and prepayments of the Term Loan may not be reborrowed. The Term Note shall bear interest from the date thereof until paid in full on the unpaid principal amount thereof from time to time outstanding at the applicable interest rate per annum determined as provided in, and payable as specified in, Section 3.01.
Term Note. The Term Loan made by Bank under the Term Loan Commitment shall be evidenced by the Term Note substantially in the form set forth in Exhibit 3.2, with appropriate insertions, dated the date hereof (or such other date prior thereto as shall be satisfactory to Bank), payable to the order of Bank in the aggregate principal amount of Twenty-Five Million Dollars ($25,000,000). The unpaid principal amount of the Term Loan shall bear interest and be due and payable as provided in this Agreement and the Term Note. Payments to be made by Borrower under the Term Note shall be made at the time, in the amounts and upon the terms set forth herein and therein.
Term Note. Prior to the Closing Date, the Borrower shall prepare, execute and deliver to each Lender a Term Note in the principal amount of such Lender's Term Loan Commitment. Thereafter, such Lender's portion of the Term Loan evidenced by such Term Note and interest thereon shall at all times (including after assignment pursuant to Section 11.4) be represented by one or more promissory notes in such form payable to the order of the payee named therein.
Term Note. The Term Loan shall be evidenced by a promissory note executed by Borrower in substantially the form attached hereto as Exhibit C (the "Term Note"), with all blanks therein appropriately completed and payable to the order of Bank, which Term Note is hereby incorporated by reference and made a part hereof.
Term Note. The Term Note referenced in Section 2.1(a) of the Existing Credit Agreement, and attached to the Existing Credit Agreement as Exhibit A, has been amended and restated in its entirety and is in the form attached hereto as Exhibit A, the terms and provisions of which are incorporated into the Existing Credit Agreement by reference and made a part thereof (the “First Amended and Restated Term Note”).