Advancing Note definition

Advancing Note or "Advancing Notes" shall mean any Note or, collectively, the Notes described in Section 2.2.

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Advancing Note means the Second Amended and Restated Advancing Note attached as Exhibit "B" to the Second Amendment, which amends and restates the Amended and Restated Advancing Note executed pursuant to the First Amendment, which in turn amended and restated the Advancing Note originally described and defined in Section 2.1(a).

Advancing Note means a Promissory Note in the principal amount of $5,000,000.00 dated even date herewith, made by the Borrower and payable to the order of the Bank, together with all renewals, extensions, modifications and substitutions thereto and thereof.

Examples of Advancing Note in a sentence

• This Note has been executed and delivered pursuant to, and is subject to certain terms and conditions in, that certain Amended and Restated Letter Loan Agreement of even date herewith (said Agreement as it may hereafter be amended or modified from time to time being the "Loan Agreement", the terms defined therein and not otherwise defined herein being used herein as therein defined), and is the "Advancing Note" referred to therein.

• The location of the principal place of business of the Partnership shall be ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇ or such other place as may be determined from time to time with the consent of all of the Partners.

• All of the various representations, warranties, covenants and agreements of Borrower in the Loan Documents shall survive the execution and delivery of this Agreement and the other Loan Documents and the performance hereof and thereof, including the making or granting of the Loans and the delivery of the Advancing Note and the other Loan Documents, and shall further survive until all of the Obligations are paid in full to Lender and all of Lender's obligations to Borrower are terminated.

• In connection with advances, Lender shall not be obligated to make any advances under the Advancing Note after June 18, 1998.

• Borrower shall not be entitled to reborrow any sums already repaid under the Advancing Note.

• This Note is the Advancing Note issued pursuant to the Credit Agreement.

• The Interest Rate on such Advancing Note shall be as specified therein and the final maturity date of such Advancing Note shall be the Loan Termination Date.

• Borrower hereby promises to pay interest to Lender pursuant to the terms and at the rate stated in the Advancing Note on all Obligations (including Obligations to pay fees or to reimburse or indemnify Lender) after such Obligations become due.

• Borrower shall only be entitled to an advance under the Advancing Note in an amount approved by Lender, and in no event shall any such advance exceed Borrower's actual cost of any such purchased equipment.

• During the term of the Advancing Note, monthly payments of accrued interest shall be due and payable on March 1, 1999 and April 1, 1999, and monthly payments of principal and accrued interest shall be due and payable thereafter in the amount of $100,784.80, beginning on May 1, 1999 and continuing thereafter on the first day of each and every month through maturity.

More Definitions of Advancing Note

Advancing Note has the meaning given to such term in SECTION 2.1(a).

Advancing Note has the meaning assigned to such term in Section 2.1 of this Agreement.

Advancing Note has the meaning given to such term in Section 2.1(a).

Advancing Note means the Amended and Restated Note evidencing the Loans, which was issued to Lender by Borrower in connection with the Original Credit Agreement.