Subordinated CapEx Notes Clause Samples
Subordinated CapEx Notes. Borrower covenants and agrees to make payments to Purchasers of accrued interest on the outstanding principal amount of each Subordinated CapEx Note on the last day of each calendar quarter in arrears during the term of any Subordinated CapEx Note commencing with the last day of the calendar quarter subsequent to the date of the purchase and sale of a Subordinated CapEx Note pursuant to Section 2.1(b).
Subordinated CapEx Notes. Borrower has duly authorized the issuance and sale to Purchasers of $1,650,000 in aggregate principal amount of Subordinated CapEx Notes Due July 31, 2009 (the "Subordinated CapEx Notes"), to be substantially in the form of the Subordinated CapEx Note attached hereto as Exhibit A-2.