Aether Note definition
Examples of Aether Note in a sentence
Each of the terms "Aether", "Aether Note", "Shaar Note" has the meaning given to such term in the Subordination Agreement.
Notwithstanding the foregoing, no Obligor may make, and the Shaar Purchasers may not receive, any payment of principal, interest or any other amount with respect to Shaar Notes if, at the time of such payment or immediately after giving effect thereto, there exists an event of default under the Senior Lender Documents or the Aether Note.
Laurus and Aether shall provide Purchaser Agent with a copy of all notices to Obligors of a default under the Senior Lender Documents and Aether Note, respectively; provided, however, that the failure to deliver such notice shall not prejudice the rights and remedies of Laurus or Aether hereunder or under the Senior Lender Documents or the Aether Note, respectively, except to the extent such failure would have created a right under Section 1.1 or 1.2.
The one hundred and six (106) PAPs whose moveable assets like kiosk and business tables will be affected, will be paid with a cash compensation to relocate to an area of similar economic opportunities to minimize adverse economic impact on them.Twelve (12) PAPs will have their crops (maize, cassava, sweet potato and pepper) damaged as a result of trenching for the laying of the transmission and distribution lines.
BIO-key shall provide Purchaser Agent with notice of default in the payment of the Laurus Note or the Aether Note or in the performance of any term, covenant or condition contained in the Laurus Note or Aether Note, and BIO-key shall notify Shaar in the event such default is cured or waived.
On the date hereof, no default exists under or with respect to the Laurus Note or Aether Note.
Until the Discharge of the Senior Claims under the Aether Note, Aether or any holder of the Aether Note may exercise its rights under the Aether Note only upon 30 days’ prior written notice (the “Aether Notice Period”) to Shaar of the occurrence of a default permitting acceleration of the Aether Note or the exercise of any other remedy under the Aether Note.
It shall be a condition to the payment of such principal and accrued and unpaid interest, that upon such payment, Aether or any holder of the Aether Note immediately assign all of its right, title and interest in and to the Aether Note to Shaar.
On the date hereof, Laurus is the current owner and holder of the Laurus Note, and Aether is the current owner and holder of the Aether Note.