New Promissory Notes Sample Clauses

New Promissory Notes. The Administrative Agent shall have received new Promissory Notes evidencing the Loans outstanding as of the Restatement Effective Date, duly executed and delivered by the Borrower, as issued, against delivery of the existing Promissory Notes marked cancelled.
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New Promissory Notes. Administrative Agent shall have received duly executed Notes payable to each New Lender or Increasing Lender requesting the same in a principal amount equal to its Commitment (as amended hereby) dated as of the First Amendment Effective Date.
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New Promissory Notes. As set out above, the Promissory Notes will be cancelled and replaced by the New Promissory Notes which shall be issued by the Company after entering into the SPA Supplemental Agreement. The principal terms of the New Promissory Notes are as follows: Issuer: The Company Principal amount: HK$92.0 million in aggregate Issue date: On the date of the SPA Supplemental Agreement Interest rate: Nil Transferability: The holder(s) of the New Promissory Notes may assign or transfer the New Promissory Notes to any person (other than a connected person (as defined in the Listing Rules) of the Company)
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New Promissory Notes. To Be Issued by the Borrower ------------------------------------------------- 1. Term Loan A Note to Assignee: $42,500,000* 2. Term Loan B Note to Assignee: $5,000,000* * After giving affect to the Assignment and Acceptance dated as of hereof between ___________ and the Assignee; provided, however, that if -------- ------- the Loan Agreement is amended and restated effective as of the Effective Date, new promissory notes shall be issued by the Borrower in accordance with the terms of the Loan Agreement as amended and restated. The terms set forth above are hereby agreed to: , as Assignor ------------------- By: -------------------------------- Title: ---------------------------- NATIONSBANK, N.A. as Assignee By: -------------------------------- Title: ---------------------------- ACKNOWLEDGMENT OF NOTICE: NATIONSBANK, N.A. (formerly known as NationsBank, N.A. (Carolinas)), as Agent By: ------------------------------------- Title: ---------------------------------- GULF STATES FIBERNET, as Borrower By: ------------------------------------- Title: ---------------------------------- EXHIBIT 4.02(b) FORM OF ASSIGNMENT AND ASSUMPTION AGREEMENT ASSIGNMENT AND ASSUMPTION AGREEMENT This ASSIGNMENT AND ASSUMPTION AGREEMENT (this "Assignment"), dated as of ---------- March 18, 1997, is by and between GULF STATES FIBERNET, a Georgia general partnership, as assignor (the "Assignor"), and GULF STATES TRANSMISSION SYSTEMS, -------- INC., A Delaware corporation, as assignee (the "Assignee"). --------
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New Promissory Notes. Receipt by the Agent for each applicable -------------------- Lender of a duly executed new Revolving Note, Tranche A Term Note and Tranche B Term Note, each executed and delivered on behalf of Packaging and ICI by a duly authorized officer thereof.
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New Promissory Notes. The Exporter shall promptly execute and deliver new Notes satisfactory to the Importer to substitute for the Notes previously delivered to the Importer, at the Importer’s request: (a) to reflect any changes to the loans, to the Interest
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New Promissory Notes. 2.4.1 At Closing, the Company shall assume ICI's payment obligations in the approximate amounts set forth below (collectively, “Friendly Debt”), which are owed to each of the parties set forth opposite each dollar amount (each a "Note Holder"): 2.4.1.1 ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ - $50,000; 2.4.1.2 Systems Solutions Group - $13,362; 2.4.1.3 ▇▇▇▇▇ Consulting - $23,318; 2.4.1.4 ▇▇▇ ▇▇▇▇▇ - $24,000; and 2.4.1.5 ▇▇▇▇▇▇▇▇, ▇▇▇▇▇ & ▇▇▇▇▇▇▇▇ - $22,100. 2.4.2 At Closing, the Company shall execute and deliver a subordinated promissory note, in the form of Exhibit A (each, a "Subordinated Note"), to each Note Holder, whereby the Company shall satisfy the outstanding principal due thereunder from its "available cash," as that term is defined in the Subordinated Note, as approved by the Company’s Board of Directors. In addition, each Note Holder shall execute (i) an Intercreditor Agreement, in the form of Exhibit B, as attached hereto (the "Intercreditor Agreement") (which shall include a general release of ICI and the ICI Stockholders).
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New Promissory Notes. On the Second Amendment Effective Date, the Company shall execute and deliver to each Revolving Credit Lender, in substitution and exchange for, but not in payment of the Revolving Credit Note held by such Lender, a promissory note (each, a "New Revolving Credit Note") substantially in the form of Exhibit A-3 to the Credit Agreement, with appropriate insertions therein as to payee, date and principal amount, payable to the order of such Lender and in a principal amount equal to such Lender's Revolving Credit Percentage of the Revolving Credit Commitments.
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New Promissory Notes. The Borrower will deliver new promissory notes to each New Lender and to each existing Lender whose Commitment has increased.
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Related to New Promissory Notes

  • Promissory Notes Any Lender may request that Loans made by it be evidenced by a promissory note. In such event, the Borrower shall prepare, execute and deliver to such Lender a promissory note payable to such Lender (or, if requested by such Lender, to such Lender and its permitted registered assigns) and in a form attached hereto as Exhibit C. Thereafter, the Loans evidenced by such promissory note and interest thereon shall at all times (including after assignment pursuant to Section 9.04) be represented by one or more promissory notes in such form payable to the payee named therein (or, if such promissory note is a registered note, to such payee and its permitted registered assigns).

  • Secured Promissory Notes The Term Loans shall be evidenced by a Secured Promissory Note or Notes in the form attached as Exhibit D hereto (each a “Secured Promissory Note”), and shall be repayable as set forth in this Agreement. Borrower irrevocably authorizes each Lender to make or cause to be made, on or about the Funding Date of any Term Loan or at the time of receipt of any payment of principal on such Lender’s Secured Promissory Note, an appropriate notation on such Lender’s Secured Promissory Note Record reflecting the making of such Term Loan or (as the case may be) the receipt of such payment. The outstanding amount of each Term Loan set forth on such Lender’s Secured Promissory Note Record shall be prima facie evidence of the principal amount thereof owing and unpaid to such Lender, but the failure to record, or any error in so recording, any such amount on such Lender’s Secured Promissory Note Record shall not limit or otherwise affect the obligations of Borrower under any Secured Promissory Note or any other Loan Document to make payments of principal of or interest on any Secured Promissory Note when due. Upon receipt of an affidavit of an officer of a Lender as to the loss, theft, destruction, or mutilation of its Secured Promissory Note, Borrower shall issue, in lieu thereof, a replacement Secured Promissory Note in the same principal amount thereof and of like tenor.

  • Promissory Note The Promissory Note is enclosed. The Chief Financial Officer is required to sign it and return it to the OPWC Loan Officer, ▇▇▇▇▇ ▇▇▇▇▇▇. It is preferable that you scan and email it to her at ▇▇▇▇▇.▇▇▇▇▇▇@▇▇▇.▇▇▇▇▇.▇▇.▇▇ but may also mail it to the address on our letterhead. Only use one method.

  • Convertible Notes The Convertible Notes are subject to different conversion calculations depending on the event triggering conversion as described in the Notes (e.g., an IPO or other liquidity event). For illustration purposes, assuming the optional conversion right is exercised today, based on the current capitalization and the $50,000,000 assumed valuation specified for an optional conversion in the Notes, there would be 4,705,224 additional shares issued; provided however, that each holder of Notes is subject to a maximum 9.99% ownership of the shares of capital stock of the Company at any one time. This illustration calculation does not account for the 6% interest component.

  • Promise to Pay; Promissory Notes (a) Borrowers agree to pay the Lender Group Expenses on the earlier of (i) the first day of the month following the date on which the applicable Lender Group Expenses were first incurred, or (ii) the date on which demand therefor is made by Agent (it being acknowledged and agreed that any charging of such costs, expenses or Lender Group Expenses to the Loan Account pursuant to the provisions of Section 2.6(d) shall be deemed to constitute a demand for payment thereof for the purposes of this subclause (ii)). Borrowers promise to pay all of the Obligations (including principal, interest, premiums, if any, fees, costs, and expenses (including Lender Group Expenses)) in full on the Maturity Date or, if earlier, on the date on which the Obligations (other than the Bank Product Obligations) become due and payable pursuant to the terms of this Agreement. Borrowers agree that their obligations contained in the first sentence of this Section 2.5(a) shall survive payment or satisfaction in full of all other Obligations. (b) Any Lender may request that any portion of its Commitments or the Loans made by it be evidenced by one or more promissory notes. In such event, Borrowers shall execute and deliver to such Lender the requested promissory notes payable to the order of such Lender in a form furnished by Agent and reasonably satisfactory to Borrowers. Thereafter, the portion of the Commitments and Loans evidenced by such promissory notes and interest thereon shall at all times be represented by one or more promissory notes in such form payable to the order of the payee named therein.