BofA Note definition
Examples of BofA Note in a sentence
No event of default or default has occurred and is continuing under the terms of (a) any of the TROL Documents, (b) under any of the agreements and documents executed with respect to the Senior Subordinated Notes or under which the Senior Subordinated Notes have been issued, or (c) under any of the agreements and documents executed with respect to the BofA Note.
The Company (i) does not have any Subsidiaries, other than as set forth on Schedule 4.6, and other than as set forth therein, does not own any shares of Capital Stock of, and does not have any direct or indirect equity interest in, any other Person, and (ii) has good title to all of the shares of Capital Stock it owns of each such Subsidiary, free and clear of any Lien (except Liens created by the Security Documents related to the BofA Note and the Transaction Documents).
The proceeds of the issuance and sale of the Additional Notes, if any, and the Senior Indebtedness Notes will be used to finance a portion of the repayment of principal amount outstanding under the BofA Note and any proceeds of the issuance and sale of Senior Indebtedness Notes that is not used as aforesaid will be used to provide working capital to the Company.
If an incorrect quantity or the wrong Equipment is shipped to an Event venue, Cisco will make commercially reasonable efforts to provide the correct Equipment, in the correct quantity, on the same day, but no later than the next business day at no additional charge to You.
Borrowers shall take any and all further actions that may from time to time be required to ensure that the Second Deed of Trust creates a valid lien on the Property in favor of the Lender, which shall secure the Note and be junior in priority only to the deed of trust securing the BofA Note.
No event of default or default has occurred and is continuing under the terms of (a) any of the TROL Documents after giving effect to the amendment to the TROL Documents in the form attached hereto as Exhibit A, (b) under any of the agreements and documents executed with respect to the Senior Subordinated Notes or under which the Senior Subordinated Notes have been issued, or (c) under any of the agreements and documents executed with respect to the BofA Note.
I understand I have the option to enroll in recurring billing via my bank, credit or debit card (“funding source”).
Failure of Borrowers to use all good faith efforts to comply with the provisions of this Paragraph 6 or failure of the Second Deed of Trust to be a valid lien against the Property, subject only to the lien of the deed of trust securing the BofA Note, shall be deemed a Maturity Event.
Parent shall deliver or cause to be delivered to the Agent and Lenders written notice of the occurrence of any breach or default under the terms of the TROL Documents, Subordinated Notes Documents, BofA Note Documents, or other material Contractual Obligation of any Borrower or Guarantor promptly upon the occurrence thereof and, in any event, concurrent with any notice thereof to the obligees thereunder or within two (2) Business Day after any Borrower or Guarantor receives notice thereof.
In particular, but without limitation, the promissory note or loan agreement (the "BofA Note") evidencing the BofA Loan shall be in a principal amount not exceeding $3,500,000, the rate of interest accruing on the principal amount of the BofA Note shall not exceed LIBOR plus two percent (2%) per annum, the BofA Note shall mature not more than four (4) years from the date thereof, and the BofA Loan shall not provide for any additional advances of principal to ▇▇▇▇▇ thereunder.