Examples of A-1 Term Note in a sentence
The Borrower also unconditionally promises to pay interest on the aggregate unpaid principal amount of this Tranche A-1 Term Note at the rates applicable thereto from time to time as provided in the Credit Agreement.
The Borrower makes the following waiver knowingly, voluntarily, and intentionally, and understands that the Agent and the Lender, in the establishment and maintenance of their respective relationship with the Borrower contemplated by this Tranche A-1 Term Note, are each relying thereon.
The note rate for the Class A-1 Term Notes and each interest period will be a floating rate equal to the least of: o LIBOR plus ____% per annum (or, on any payment date on which the aggregate Class A-1 Term Note balance is less than 10% of the initial aggregate Class A-1 Term Note balance, LIBOR plus ____% per annum); o the applicable Net Loan Rate; and o [ ]% per annum.
Each reference in this Tranche A-1 Term Note to the Borrower, any endorser, and any guarantor, is to such Person individually and also to all such Persons jointly.
This Tranche A-1 Term Note shall be governed by and construed in accordance with the internal laws and judicial decisions of the State of North Carolina.
In the event this Tranche A-1 Term Note is not paid when due at any stated or accelerated maturity, the Borrower agrees to pay, in addition to the principal and interest, all costs of collection, including reasonable attorneys' fees.
In the event of an acceleration of the maturity of this Tranche A-1 Term Note, this Tranche A-1 Term Note shall become immediately due and payable, without presentation, demand, protest or notice of any kind, all of which are hereby waived by the Borrower.
The Parent, UK Holdco and Unifrax UK shall execute and deliver to the UK Lender a note dated the Closing Date substantially in the form of EXHIBIT A-1 ("Term Note (UK)") in the maximum principal amount of the Term Loan (UK) for the purpose of further evidencing their Obligations to the UK Lender in respect of the Term Loan (UK).
A summary of the cash activity for the A1 Term Note for the three month periods ended March 31, 2014 and 2013 are as follows: We allocated earnings derived from operating the Alberta Clipper Pipeline in the amount of $10.1 million to our General Partner for its 66.67% share of the earnings of the Alberta Clipper Pipeline for the three month period ended March 31, 2014.
Term Loan B shall be evidenced by a certain secured promissory note in the form of Exhibit A-1 ("Term Note B") and collectively with Term Note A, the "Term Note").