Acquisition Term Note definition
Examples of Acquisition Term Note in a sentence
The term "Loan Documents" as used in this Note shall mean collectively this Note, any Acquisition Term Note, the Loan Agreement and any other instrument, agreement, or document previously, simultaneously, or hereafter executed and delivered by the Borrower, the Guarantors and/or any other person, singularly or jointly with any other person, evidencing, securing, guaranteeing, or in connection with the Principal Sum, this Note and/or the Loan Agreement.
The Administrative Agent shall have received, for the account of each Lender, such Lender's New Acquisition Term Note and Term B Note, as applicable.
Each Lender hereby is authorized, but is not obligated, to enter the amount of such Lender's Pro Rata Share of each Draw and outstanding principal of the Equipment Acquisition Term Loan and the amount of each payment or prepayment of principal and interest thereon on the reverse of or on an attachment to such Lender's Equipment Acquisition Term Note.
The Acquisition Term Loan shall be evidenced by promissory notes substantially in the form of Exhibit 1.1(a)(ii) (as amended, modified, extended, substituted or replaced from time to time, each a “Acquisition Term Note” and, collectively, the “Acquisition Term Notes”), and, except as provided in Section 1.7, Borrower shall execute and deliver each Acquisition Term Note to the applicable Acquisition Term Lender.
On or prior to the Closing Date, the Administrative Agent shall have received for the account of each Lender an Acquisition Term Note, each duly executed by the Company and dated the Closing Date.