Additional Equipment Note definition

Additional Equipment Note. Has the meaning specified in the Intercreditor Agreement.
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Additional Equipment Note means a promissory note payable to the order of the Bank evidencing the Additional Equipment Loan, together with all modifications, extensions, renewals and rearrangements thereof.
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Additional Equipment Note means the promissory note of the Borrowers payable to the order of the Lender described in Section 2.7(b) and being in form and substance satisfactory to the Lender, together with any and all renewals, extensions, and/or modifications thereof."
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Examples of Additional Equipment Note in a sentence

  • The Borrowers shall repay the unpaid principal amount of the Additional Equipment Loans together with accrued interest thereon as provided in the Additional Equipment Note.

  • Each Borrower hereby acknowledges and agrees that the indebtedness evidenced by the Additional Equipment Note constitutes a portion of the "Obligations" (as defined in the Security Agreement) and the "Indebtedness" (as defined in the Deed of Trust) and is secured by the Liens created by the Security Agreement, the Deed of Trust and the other Loan Documents.

  • To evidence the Additional Equipment Loans, the Borrowers will issue, execute and deliver the Additional Equipment Note dated as of the date of the Third Amendment in the principal amount of the Additional Equipment Commitment.

  • The amortization of the Original Amount and maturity thereof for each Additional Equipment Note shall be as specified in the applicable Officer's Certificate in respect thereof delivered pursuant to Section 11.03 and set forth in the form of such Additional Equipment Note.

  • The sale of each Series of Additional Equipment Notes shall be funded through the issuance and sale of related Pass Through Certificates ("ADDITIONAL CERTIFICATES") issued by related Pass Through Trusts which will evidence fractional undivided ownership interests in the Additional Equipment Note of such Series acquired and held by the related Pass Through Trust.

  • The first installment date of payment on any Additional Equipment Note shall be as specified in the applicable Officer's Certificate in respect thereof delivered pursuant to Section 1.03 and set forth in the form of such Additional Equipment Note.

  • The amount of the interest on any Additional Equipment Note bearing a fixed Debt Rate shall be calculated on the basis specified in the applicable Officer's Certificate in respect thereof delivered pursuant to Section 11.03 and set forth in the form of such Additional Equipment Note.

  • The unpaid principal amount of the Additional Equipment Loans shall, subject to the following sentence, bear interest as provided in the Additional Equipment Note.

  • The Maturity Date, Original Amount, Debt Rate, Payment Due Rate, Margin, and redemption provisions of each Series of Additional Equipment Note shall be as certified to the Mortgagee by Owner pursuant to Section 11.03 in connection with the issuance thereof.