FUNDING NOTES Sample Clauses

FUNDING NOTES. 11 SECTION 4.1 Issuance of Funding Notes...............................................................11 SECTION 4.2 Acquisition of Funding Agreement(s); Redemption and Satisfaction of Funding Notes........................................................................11
Sample 1
AutoNDA by SimpleDocs
FUNDING NOTES. The proceeds from the sale of the Funding Notes shall be applied by Funding or the Partnership (i) to fund the redemption at 100% of the principal amount thereof, plus accrued but unpaid interest, of the Old Senior Notes, such redemption to occur immediately upon the issuance of the Funding Notes; (ii) to repay the principal amount of and all accrued but unpaid interest in, with all expenses and costs related to, the Loan outstanding under the Amended and Restated Credit Agreement, dated as of December 28, 1993, between Funding, the Partnership and Midlantic National Bank (or any successor thereto), as in effect in the Closing Date; and (iii) to pay expenses of the Partnership in connection with the refinancing of the indebtedness described in clauses (i) and (ii) of this sentence pursuant to this Agreement and the Documents. In connection with the payment referred to in clause (i) of the first sentence of this Section 2.2.4(a), the Partnership shall pay in full, together with accrued but unpaid interest, the Note dated as of December 28, 1993 made by the Partnership to Funding in the original principal amount of $27,000,000. In connection with payment referred to in clause (ii) of the first sentence of this Section 2.2.4(a), the Partnership and Funding shall obtain the release of all mortgages, liens security interest and other encumbrances granted in connection with such indebtedness and any other security interests of Midlantic National Bank or any successor thereto in the assets or property of, or otherwise in connection with, the Partnership and Funding.
Sample 1

Related to FUNDING NOTES

  • Outstanding Notes The Notes outstanding at any time are all the Notes authenticated by the Trustee except for those canceled by it, those delivered to it for cancellation, those reductions in the interest in a Global Note effected by the Trustee in accordance with the provisions hereof, and those described in this Section 2.08 as not outstanding. Except as set forth in Section 2.09 hereof, a Note does not cease to be outstanding because the Company or an Affiliate of the Company holds the Note; however, Notes held by the Company or a Subsidiary of the Company shall not be deemed to be outstanding for purposes of Section 3.07(a) hereof. If a Note is replaced pursuant to Section 2.07 hereof, it ceases to be outstanding unless the Trustee receives proof satisfactory to it that the replaced Note is held by a protected purchaser. If the principal amount of any Note is considered paid under Section 4.01 hereof, it ceases to be outstanding and interest on it ceases to accrue. If the Paying Agent (other than the Company, a Subsidiary or an Affiliate of any thereof) holds, on a redemption date or maturity date, money sufficient to pay Notes payable on that date, then on and after that date such Notes will be deemed to be no longer outstanding and will cease to accrue interest.

  • Term Notes The Term Loan made by each Lender and interest accruing thereon shall be evidenced by the records of Agent and such Lender. At the request of any Lender, Borrowers shall deliver a Term Note to such Lender.

  • Prepayment of Notes No prepayment of the Notes may be made except to the extent and in the manner expressly provided in this Agreement.

  • Repayment of Notes Each of the parties hereto agrees that all repayments of the Notes (including any accrued interest thereon) by the Company (other than by conversion of the Notes) will be paid pro rata to the holders thereof based upon the principal amount then outstanding to each of such holders.

  • Revolving Notes The Revolving Loans made by each Lender shall be evidenced by a duly executed promissory note of the Borrower to such Lender in an original principal amount equal to such Lender's Revolving Commitment Percentage of the Revolving Committed Amount and in substantially the form of Exhibit 2.1(e).

  • Subordinated Notes The Subordinated Notes have been duly authorized by the Company and when executed by the Company and issued, delivered to and paid for by the Purchasers in accordance with the terms of the Agreement, will have been duly executed, authenticated, issued and delivered, and will constitute legal, valid and binding obligations of the Company and enforceable in accordance with their terms, except as enforcement thereof may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws relating to or affecting creditors’ rights generally or by general equitable principles.

  • Fixed Rate Notes If this Note is specified on the face hereof as a “Fixed Rate Note”:

  • Amount of Notes The aggregate principal amount of Notes which may be authenticated and delivered under this Indenture on the Issue Date is $500,000,000. The Issuers may from time to time after the Issue Date issue Additional Notes under this Indenture in an unlimited principal amount, so long as (i) the Incurrence of the Indebtedness represented by such Additional Notes is at such time permitted by Section 4.03 and (ii) such Additional Notes are issued in compliance with the other applicable provisions of this Indenture. With respect to any Additional Notes issued after the Issue Date (except for Notes authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Notes pursuant to Section 2.07, 2.08, 2.09, 3.06, 4.06(e), 4.08(c) or Appendix A), there shall be (a) established in or pursuant to a resolution of the Board of Directors and (b) (i) set forth or determined in the manner provided in an Officers’ Certificate or (ii) established in one or more indentures supplemental hereto, prior to the issuance of such Additional Notes:

  • Notes If so requested by any Lender by written notice to the Borrower (with a copy to the Administrative Agent), the Borrower shall execute and deliver to such Lender (and/or, if applicable and if so specified in such notice, to any Person who is an assignee of such Lender pursuant to Section 10.6) (promptly after the Borrower’s receipt of such notice) a Note or Notes to evidence such Lender’s Loans.

  • Floating Rate Notes If this Note is specified on the face hereof as a “Floating Rate Note”:

Time is Money Join Law Insider Premium to draft better contracts faster.