Buyer Notes definition

Buyer Notes means those promissory notes received by the Company or any Subsidiary as partial or full payment consideration for Dispositions of vehicle dealerships, associated dealership real estate or related businesses, or Dispositions of Subsidiaries, by the Company or such Subsidiary to the obligors of such promissory notes.

Buyer Notes has the meaning set forth in Section 2(b) below.

Buyer Notes means those promissory notes received by the Company or any Subsidiary as partial or full payment consideration for Dispositions of vehicle dealerships or Subsidiaries by the Company or such Subsidiary to the obligors of such promissory notes.

Examples of Buyer Notes in a sentence

• The Closing of each of the following notes shall be on or before the dates specified in the relevant Buyer Notes.

• To the extent the fair market value of the Collateral (less any other liens or encumbrances) is less than the total outstanding balance of all the Secured Buyer Notes, then the Collateral will be deemed to only secure those Secured Buyer Notes with an aggregate outstanding balance that is less than or equal to such net fair market value of the Collateral, applied in numerical order of the Secured Buyer Notes.

• This shall affect the timing and amount of payments required under the Buyer Notes in the same manner as if the Buyer had made a permitted prepayment (without premium or penalty) pro rata thereunder with such amount applied against payments in the order of maturity.

• The Buyer shall have the option of recouping all or any part of any amount the Sellers owe it pursuant to this §2(g) by notifying the Sellers that the Buyer is reducing pro rata the principal amounts outstanding under the Buyer Notes.

• In such base both the Buyer Notes and the back end notes shall be terminated.

More Definitions of Buyer Notes

Buyer Notes has the meaning set forth in ss.2(b) below.

Buyer Notes means the 6.0% Senior Notes due 2020 of Buyer issued pursuant to the Buyer Indenture.

Buyer Notes means collectively the 8% Note and the 4% Note, as defined in Section 2.3.

Buyer Notes means those certain senior secured convertible notes issued by UDW pursuant to that certain Securities Purchase Agreement, dated as of November 13, 2007, by and among UDW and the Buyers listed on the Schedule of Buyers, hereto attached as Exhibit A (the “Buyer Notes”).”

Buyer Notes has the meaning specified in Section 9.13(a).

Buyer Notes means those certain Buyer Notes, substantially in the form attached hereto as EXHIBIT A, issued as part of the Purchase Price pursuant to SECTION 1.4(A) hereof.

Buyer Notes means Buyer’s 11.000% Senior Secured Notes due 2019, issued pursuant to the Indenture.