SECURITY FOR PAYMENT OF THE NOTE Sample Clauses

SECURITY FOR PAYMENT OF THE NOTE. (S) The Note(s) offered by the MAKER are unsecured.
Sample 1
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SECURITY FOR PAYMENT OF THE NOTE. As security for payment of the Note and the payment and performance of other obligations under this Purchase Agreement and the Related Documents (as defined herein), the Sellers have granted to the Purchaser a second priority security interest in the Collateral, which security interest is, as provided for in the Intercreditor Agreement, second only to the Senior Lender's security interest in such assets and other Permitted Liens.
Sample 1
SECURITY FOR PAYMENT OF THE NOTE. As security for payment of the Note and the payment and performance of other obligations under this Purchase Agreement and the Related Documents, pursuant to the terms of a Security Agreement of even date herewith by and between the Companies and the Purchaser (the “Security Agreement”), each Company will grant to the Purchaser a first priority security interest in the Collateral. At such time when the Company enters into the Senior Loan Agreement, upon the request of the Senior Lender, the Purchaser will subordinate its first priority security interest in the Collateral to the Senior Lender’s security interest in such assets, pursuant to the terms of a subordination agreement on terms reasonable and satisfactory to both the Purchaser and the Senior Lender (the “Subordination Agreement”).
Sample 1
SECURITY FOR PAYMENT OF THE NOTE. As security for the timely and faithful payment of the installments due under the Note, at Closing, MTNO shall deliver a duly executed security agreement in form identical to Exhibit 3(c) hereto sufficient to create a first security interest and superior lien (when perfected) in favor of D&SE with respect to the Assets, accounts receivable created by MTNO or its assignee on and after the Closing with respect to the Business and inventory. In connection therewith, MTNO shall execute any and all documents reasonably necessary to create a first perfected security interest in the Collateral, as such term is defined in the security agreement, including but not limited to UCC-1 Filing Statements.
Sample 1
SECURITY FOR PAYMENT OF THE NOTE. (S) This Note is secured by a security interest granted to the Holder concurrently with other existing and concurrent lenders to the Company on a pari passu basis on the terms and conditions (including certain obligations of the Holder to release the security interest in collateral at the request of the Company) as described and provided in the Subscription Agreement.
Sample 1

Related to SECURITY FOR PAYMENT OF THE NOTE

  • Payment of the Notes Not later than 10:00 a.m. (New York City time) on each due date of the principal of, premium, if any, and interest on any Notes, the Company shall deposit with the Paying Agent money in immediately available funds sufficient to pay such principal, redemption payments, premium, if any, and interest so becoming due. All the payments must be in U.S. Dollars.

  • Payment and Prepayment of the Notes Section 8.1.

  • Prepayment of the Notes In addition to the payment of the entire unpaid principal amount of the Notes at the final maturity thereof, the Company may make optional prepayments in respect of the Notes as hereinafter provided.

  • Terms of the Notes The following terms relating to the Notes are hereby established:

  • Conditions to Obligations of Each Party Under This Agreement The respective obligations of the Parent and the Acquiror to consummate the transactions contemplated hereby shall be subject to the satisfaction at or prior to the Closing of the following conditions, any or all of which may be waived by the parties hereto, in whole or in part, to the extent permitted by applicable Law:

  • Release Prior to Payment of Benefits Upon the occurrence of a Change in Control Termination or a Covered Termination, as applicable, and prior to Executive earning any entitlement to any severance or separation benefits under this Agreement on account of such Change in Control Termination or Covered Termination, as applicable, Executive must execute the appropriate Release, and such Release must become effective in accordance with its terms, but in no event later than the Release Deadline Date. No amount shall be paid prior to such date. Instead, on the first regularly-scheduled payroll date occurring on or after the Release Deadline Date, the Company will pay Executive the severance amount that Executive would otherwise have received on or prior to such date but for the delay in payment related to the effectiveness of the Release, with the balance of the severance amount being paid as originally scheduled. The Company may modify the Release in its discretion to comply with changes in applicable law at any time prior to Executive’s execution of such Release. Such Release shall specifically relate to all of Executive’s rights and claims in existence at the time of such execution and shall confirm Executive’s obligations under the Confidentiality Agreement and any similar obligations under applicable law. It is understood that, as specified in the applicable Release, Executive has a certain number of calendar days to consider whether to execute such Release. If Executive does not execute and deliver such Release within the applicable period, no benefits shall be provided or payable under this Agreement, and Executive shall have no further rights, title or interests in or to any severance benefits or payments pursuant to this Agreement. It is further understood that if Executive is age 40 or older at the time of a Change in Control Termination or a Covered Termination, as applicable, Executive may revoke the applicable Release within seven (7) calendar days after its execution by Executive. If Executive revokes such Release within such subsequent seven (7) day period, no benefits shall be provided or payable under this Agreement pursuant to such Change in Control Termination or Covered Termination, as applicable.

  • Failure to Purchase the Notes If any Underwriter or Underwriters default on its or their obligations to purchase Notes hereunder and the aggregate principal amount of Notes that such defaulting Underwriter or Underwriters agreed but failed to purchase does not exceed 10% of the total principal amount of such Notes, the Representative may make arrangements satisfactory to the Depositor for the purchase of such Notes by other persons, including the non-defaulting Underwriter or Underwriters, but if no such arrangements are made by the Closing Date, the non-defaulting Underwriter or Underwriters shall be obligated, in proportion to their commitments hereunder, to purchase the Notes that such defaulting Underwriter or Underwriters agreed but failed to purchase. If any Underwriter or Underwriters so default and the aggregate principal amount of Notes with respect to which such default or defaults occur exceeds 10% of the total principal amount of Notes, as applicable, and arrangements satisfactory to the non-defaulting Underwriter or Underwriters and the Depositor for the purchase of such Notes by other persons are not made within 36 hours after such default, this Agreement will terminate without liability on the part of any non-defaulting Underwriter, or NMAC or any of its Affiliates, except as provided in Section 9.

  • Performance of Obligations under Loan Documents The Borrower will pay the Notes according to the reading, tenor and effect thereof, and the Borrower will, and will cause each Subsidiary to, do and perform every act and discharge all of the obligations to be performed and discharged by them under the Loan Documents, including, without limitation, this Agreement, at the time or times and in the manner specified.

  • Form of the Notes The Notes shall each be issued in the form of a Global Note, duly executed by the Company and authenticated by the Trustee, which shall be deposited with the Trustee as custodian for DTC and registered in the name of “Cede & Co.,” as the nominee of DTC. The Notes shall be substantially in the form of Exhibit A attached hereto (including the Global Note Legend thereon). Notes issued in definitive certificated form in accordance with the terms of the Base Indenture and this First Supplemental Indenture, if any, shall be substantially in the form of Exhibit A attached hereto (but without the Global Note Legend thereon). So long as DTC, or its nominee, is the registered owner of a Global Note, DTC or its nominee, as the case may be, shall be considered the sole owner or Holder of the Notes represented by such Global Note for all purposes under the Indenture. Ownership of beneficial interests in such Global Note shall be shown on, and transfers thereof shall be effected only through, records maintained by DTC (with respect to beneficial interests of participants) or by participants or Persons that hold interests through participants (with respect to beneficial interests of beneficial owners). In addition, the following provisions of clauses (1), (2), and (3) below shall apply only to Global Notes:

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