Auction Note definition

Auction Note means a promissory note of the Borrower payable to the order of any Lender, in substantially the form of Exhibit A-2 hereto, evidencing the indebtedness of the Borrower to such Lender resulting from an Auction Advance made by such Lender.
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Auction Note. This auction features remarkable cropland in Xxxx County, MN. The land is southwest of Starbuck, MN area. The cropland has been farmed by Xxxxxxx Farms and features exceptional soil productivity with a strong cropping history of corn and soybeans. 81 T-69 18 Starbuck, MN 2 4 T-247 310th Ave. 1 327th Ave. 230th St. 18
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Auction Note means a promissory note of the Borrower payable to the order of any Lender, in substantially the form of Exhibit A-2 hereto, evidencing the indebtedness of the Borrower to such Lender resulting from an Auction Advance made by such Lender. Auction Reduction has the meaning specified in Section 2.01. Base Rate means, for any period, a fluctuating interest rate per annum at all times equal to the higher of: (a) the rate of interest announced publicly by Citibank in New York, New York, from time to time, as Citibank's base rate; and (b) 1/2 of 1% per annum above the Federal Funds Rate in effect from time to time.
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Examples of Auction Note in a sentence

  • The Auction Note Interest Rate to be borne by the Auction Rate Notes after such Initial Period for each Auction Period until an Auction Period Adjustment, if any, shall be determined as described below.

  • The Auction Note Interest Rate of the Auction Rate Notes for each Auction Period shall be the Auction Rate in effect for such Auction Period as determined in accordance with Section 2.02(a) of this Appendix A-2; provided that if, on any Interest Rate Determination Date, an Auction is not held for any reason, then the Auction Note Interest Rate on such Auction Rate Notes for the next succeeding Auction Period shall be the applicable Cap Rate.

  • The Indenture provides that the interest rate for each Series of Auction Rate Notes for each Auction Period after its respective Initial Period shall, except as otherwise provided in the Indenture, equal the Auction Note Interest Rate that the Auction Agent advises has resulted on the Auction Date from the implementation of the Auction Procedures set forth in Appendix B to the Indenture.

  • Thereafter, and except with respect to an Auction Period Adjustment, the Auction Rate Notes shall bear interest at an Auction Note Interest Rate based on a 28-day Auction Period for the Auction Rate Notes, as determined pursuant to this Section 2.01 and Section 2.02 of this Appendix A-2.

  • The Auction Note Interest Rate to be borne by the Auction Rate Securities after such Initial Period for each Auction Period until an Auction Period Adjustment, if any, shall be determined as described below.

  • Thereafter, and except with respect to an Auction Period Adjustment, the Auction Rate Securities shall bear interest at an Auction Note Interest Rate based on a 28-day Auction Period for the Auction Rate Securities, as determined pursuant to this Section 2.01 and Section 2.02 of this Appendix A.

  • The determination of an Auction Note Interest Rate by the Auction Agent or any other Person pursuant to the provisions of the applicable Section of this Article II shall be conclusive and binding on the Noteholders of the Auction Rate Notes to which such Auction Note Interest Rate applies, and the Issuer and the Indenture Trustee may rely thereon for all purposes.

  • Thereafter, and except with respect to an Auction Period Adjustment, the Auction Rate Notes shall bear interest at an Auction Note Interest Rate based on a 28-day Auction Period for the Auction Rate Notes, as determined pursuant to this Section 2.01 and Section 2.02 of this APPENDIX A-2.

  • Each Bid Auction Advance from any Bank shall be evidenced by a grid promissory note of the Company payable to the order of the lending Bank, in substantially the form of Exhibit B hereto (individually a "Bid Auction Note" and collectively the "Bid Auction Notes").

  • In the event such Auction Note is not then held in book-entry form, the Holder of such Auction Note shall surrender such Auction Note to the Note Registrar for registration of transfer on the Auction Payment Date to the winning Bidder (or with respect to an Auction Note for which no Qualifying Bid was received, if the Auction Swap Counterparty is CSI, to the CSS Designee).


More Definitions of Auction Note

Auction Note. This Land is a single parcel and written bids will be accepted until 5:00 p.m. (CT) on Friday, December 4, 2020. Bidding will be based on crop and grassland acres. Highest written bids will have an opportunity to orally raise their bid on Monday, December 7, 2020 at 10:00 a.m. (CT) by phone. This property features 148.18 +/- acres of which 128.76 +/- crop acres and 19.42 +/- grass acres. The cropland was planted to wheat in 2020. Field tree rows run north to south providing good snow cover. Gentle rolling hills gives good movement of excessive moisture. 00xx Xxx. XX Xxxx, ND Driving Directions: 13 From Lehr, ND, go east on ND Hwy. #13 for 3 ½ miles to 53rd Ave. SE intersection, turn south proceed 4 miles south to the intersection of 82nd S. SE. You arrived at the NW corner of the property. SUBJECT PROPERTY 82nd St. SE Xxxx Xxxxxxxxxx 701.269.1503 xxxx@xxxxxx.xxx 0000 00xx Xxx. S - Moorhead, MN 56560 Property Information • Xxxxxxxxx Township Legal: NW¼ 00-000-00 Crop Acres: 128.76 +/- Grass Acres: 19.42 +/- Code C877B C874C C860B C874B C800B C870E C825A Soil Description Wabek-Xxxx complex, 2 to 6 percent slopes Wabek-Appam complex, 6 to 9 percent slopes Xxxxxxxx loamy sand, 0 to 6 percent slopes Wabek-Appam complex, 2 to 6 percent slopes Appam xxxxx loam, 2 to 6 percent slopes Wabek-Xxxx-Appam complex, 9 to 25 percent slopes Divide loam, 0 to 2 percent slopes Acres 45.91 25.19 24.56 23.19 15.58 13.64 0.11 Percent of field 31.0% 17.0% 16.6% 15.6% 10.5% 9.2% 0.1% Non-Irr Class *c VIs VIs IVe VIs IIIe VIIs IIs Productivity Index 39 26 32 38 23 62 Weighted Average 32.6 xxx.xxxxxx.xxx 877.700.4099 xxxx@xxxxxx.xxx Land Lease • XxXxxxxx County, ND • Bidder Form PROSPECTIVE BIDDERS MUST READ THIS IMPORTANT INFORMATION! Bidding Procedure and Terms/Conditions Bidding Procedure: 1 - All written bids must be received before 5:00 p.m. (CT) on Friday, December 4, 2020. 2 - Written bid should be on an annual per acre basis.
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Related to Auction Note

  • Acquisition Note means a promissory note made by Borrower in favor of a Lender evidencing the Lender’s Applicable Percentage of the Acquisition Loan, substantially in the form of Exhibit G.

  • Auction Notice has the meaning assigned to such term in the definition of “Dutch Auction”.

  • Coupon Note means a Note on which no interest is payable.

  • Lead Securitization Note means the Note included in the Lead Securitization.

  • Non-Lead Securitization Note means any Note other than the Lead Securitization Note.

  • Anticipation Notes means the following Municipal Bonds: revenue anticipation notes, tax anticipation notes, tax and revenue anticipation notes, grant anticipation notes and bond anticipation notes.

  • Auction Amount has the meaning assigned to such term in the definition of “Dutch Auction”.

  • Fixed Rate Mortgage Loan A fixed rate mortgage loan purchased pursuant to this Agreement.

  • Redemption Notes means unsecured subordinated promissory notes of the Trust having a maturity date to be determined at the time of issuance by the Trustee (provided that in no event shall the maturity date be set at a date subsequent to the first Business Day following the fifth anniversary of the date of issuance of such note), bearing interest from the date of issue at a market rate of interest determined at the time of issuance by the Trustee, payable for each month during the term on the 15th day of each subsequent month with all principal being due on maturity, such promissory notes to provide that the Trust shall at any time be allowed to prepay all or any part of the outstanding principal without notice or bonus.

  • Prepayment Amount means the amount required to prepay the Annual Special Tax obligation in full for an Assessor’s Parcel as described in Section G.

  • Discount Mortgage Loan Any Mortgage Loan having a Net Mortgage Rate (or the initial Net Mortgage Rate) of less than the Discount Net Mortgage Rate per annum and any Mortgage Loan deemed to be a Discount Mortgage Loan pursuant to the definition of Qualified Substitute Mortgage Loan.

  • Repayment Agreement means an agreement

  • Prepayment Notice means a notice by the Borrower to prepay Loans, which shall be in such form as the Appropriate Party may approve.

  • First Mortgage Loan A Home Equity Loan which constitutes a first priority mortgage lien with respect to any Property.

  • Auction Date means the first Business Day preceding the first day of a Dividend Period.

  • Acceptable Prepayment Amount has the meaning set forth in Section 2.05(a)(v)(D)(3).

  • Mortgage Note The original executed note or other evidence of indebtedness evidencing the indebtedness of a Mortgagor under a Mortgage Loan.

  • Term Loan Interest Rate means for any day a per annum rate of interest equal to the greater of either (i) 9.25% plus the prime rate as reported in The Wall Street Journal minus 3.50% and (ii) 9.25%.

  • Put Option Repayment Date means the settlement date for the Put Option pursuant to Clause 10.3 (Mandatory repurchase due to a Put Option Event).

  • Interest Rate Agreement means with respect to any Person any interest rate protection agreement, interest rate future agreement, interest rate option agreement, interest rate swap agreement, interest rate cap agreement, interest rate collar agreement, interest rate hedge agreement or other similar agreement or arrangement as to which such Person is party or a beneficiary.

  • Advance Purchase Agreements means (a) an advance or deferred purchase agreement if the agreement is in respect of the supply of assets or services and payment in the normal course of business with credit periods which are normal for the relevant type of project contracts, or (b) any other trade credit incurred in the ordinary course of business.

  • First Repayment Date means, in relation to each Tranche (and subject to clause 6.3), the date falling three (3) months after the earlier of (a) the Drawdown Date of the Delivery Advance relevant to such Tranche and (b) the last day of the Drawdown Period for the Delivery Advance relevant to such Tranche;

  • Mortgage Loan Purchase Agreement The agreement between the Seller and the Depositor, regarding the transfer of the Mortgage Loans by the Seller to or at the direction of the Depositor, substantially in the form of Exhibit D annexed hereto.