Note Receivable Sample Clauses

Note Receivable. A promissory note executed in favor of Borrower in connection with a Purchaser’s acquisition of an Interval.

Note Receivable. A promissory note that is now or hereafter made and executed by an Applicable Underlying Borrower to the order of Borrower, evidences an Applicable Underlying Loan, and may be secured in part by an Applicable Mortgage.

Note Receivable. Allow the Intercompany Note Receivable to be less than $240 million plus accrued and unpaid dividends on the Preferred Stock.

Note Receivable. “SBA Standard Operating Procedures and Official Notices” means Public Law 85-536, as amended; those Rules and Regulations, as defined in 13 CFR Part 120, “Business Loans” and 13 CFR Part 121, “Size Standards”; Standard Operating Procedures, (SOP) 50-10 for loan processing, 50-50 for loan servicing and 50-51 for loan liquidation as may be published and or amended from time to time by the SBA. “SBA Reduced Guaranty Ineligible Amount” means as of any date of determination with respect to any SBA Reduced Guaranty Receivable, the difference between (a) the product of (i) the amount of such SBA Reduced Guaranty Receivable times (ii) the applicable percentage of the SBA guarantee relating to such SBA Reduced Guaranty Receivable on the date Lenders shall have made the Financed Guaranteed Loan as to such SBA Reduced Guaranty Receivable, less (b) the product of (i) the amount of such SBA Reduced Guaranty Receivable times (ii) the applicable reduced percentage of the SBA guarantee relating to such SBA Reduced Guaranty Receivable on the applicable date of determination. “SBA Reduced Guaranty Receivable” means each SBA 7

Note Receivable a. Subject to receipt of the consent of the NGAS Lender Group (the “Lender Consent”), which NGAS shall use commercially reasonable efforts to obtain, but at no cost or expense to NGAS, NPC shall defer all payments of principal and interest due under the Note with respect to the period between January 1, 2011 through the earlier of the (i) Closing Date or (ii) Termination Event (as defined in Section 10 herein) (the “Deferral Period”) (such deferred principal and interest being referred to herein as the “Deferred Amount”). In the event the Lender Consent is not obtained prior to Closing, then within one (1) business day following the Closing Date, NPC shall reimburse SES, by wire transfer of immediately available funds, for all amounts paid by SES under the Note during the Deferral Period. At and subject to the occurrence of Closing, NPC shall cancel, and forgive any and all outstanding amounts under, the Note. b. If a Termination Event occurs, then the entire Deferred Amount shall be paid by SES to NPC by wire transfer of immediately available funds within two (2) business days after such event.

Note Receivable. 28 3.33. Disclosure..................................................................................... 28 3.34. Absence of Other Representations and Warranties................................................ 28 4. Representations of Open Solutions and the Buyer......................................................... 28 4.01. Organization and Authority..................................................................... 28 4.02. Authorization.................................................................................. 29 4.03. Regulatory Approvals........................................................................... 29 4.04. Disclosure..................................................................................... 29 4.05.

Note Receivable. The term "Note Receivable" shall mean a promissory note executed in favor of Borrower in connection with a Purchaser's acquisition of an Interval at the Resorts.

Note Receivable. 14 1.60 Obligations................................................14 1.61 Payment Authorization Agreement............................15 1.62 Permitted Liens and Encumbrances...........................15 1.63 Person.....................................................15 1.64

Note Receivable. A promissory note executed by a Purchaser in favor of Borrower in connection with Purchaser's acquisition of an Interval. PERMITTED EXCEPTIONS. The exceptions to title listed on EXHIBIT A. PERSON. Natural persons, corporations, limited partnerships, general partnerships, joint stock companies, joint ventures, associations, companies, trusts, banks, trust companies, land trusts, business trusts or other organizations, whether or not legal entities, and governments and agencies and political subdivisions thereof.

Note Receivable. Effective January 1, 1996, the Company assigned its leases on its Canton facility and equipment to another biotechnology company. Under the terms of the agreements, the assignee has assumed all payment obligations under the leases, which amount to approximately $116,000 per month and will make cash payments to the Company at various dates through July 1999 which will total approximately $2.4 million. Approximately $1,116,000 of the $2.4 million total had been received through June 30, 1998. Amounts due the Company from the assignee under these agreements were discounted to their present value using a risk-adjusted discount rate of approximately 9%. The Company is accreting interest income over the life of the note and, accordingly, the note receivable balance in the Company's consolidated balance sheets as of June 30, 1998 reflects the discounted present value of $1,129,000 plus accreted interest of approximately $104,000.