Additional Loan Note definition
Examples of Additional Loan Note in a sentence
The provisions of this Clause 8.3 shall apply mutatis mutandis to any account banks appointed to provide any Additional Loan Note Issuer Accounts.
Principal shall be due and payable in the manner set forth in the Additional Loan Note.
Amounts deposited in Additional Loan Note Issuer Accounts shall be applied in accordance with the provisions of any relevant Loan Note Supplement and Clause 8.6 (Payments – Currency of Account and Payment Method).
All capitalized terms unless defined herein shall have the same meaning as those terms are defined in the Subordinated Note, the Additional Loan Agreement and the Additional Loan Note.
On receipt of the money referred to in Clause 5.4 (Lenders’ participation) for the relevant Utilisation by that Additional Australian Borrower, the Agent will date the Additional Loan Note Deed Poll and the Additional Australian Borrower will be taken to have delivered the Additional Loan Note Deed Poll.
The Company shall have executed and delivered to each Purchaser the Promissory Note required to be delivered by the Company under Section 1.02 hereof or the Additional Loan Note required to be delivered by the Company under Section 1.03 hereof, as appropriate.
Base Interest shall be payable from any surplus cash received by the Holder pursuant to the Subordinated Note and characterized therein as Participating Income Interest but credited as Base Interest under the Additional Loan Note.
Impaired Except as expressly set forth herein with respect to the Subordinated Note, the Additional Loan Agreement and the Additional Loan Note, the agreements set forth herein are not intended to affect or alter the obligations of the Partnership and/or the Partners under the First Mortgage Documents, the Subordinated Loan Document or the Additional Loan Documents and this Agreement shall not be construed as a novation, renegotiation or release under any of these documents.
Section 2 of the Additional Loan Agreement is deleted in its entirety and the following substituted in lieu thereof: Borrowers hereby jointly and severally covenant and agree to pay all obligations under the Additional Loan Note and this Agreement, including without limitation, principal and Base Interest to the Holder in accordance with the terms of the Additional Loan Note.
If no such notice is received by the Company then such Investor shall be deemed to have elected not to subscribe for any part of the Additional Loan Note Allocation Amount (it being acknowledged that such election or deemed election shall not in any way prejudice such Investors’ right to subscribe for Additional Loan Notes in the future).