Buyer Promissory Note definition

Buyer Promissory Note means an unconditional promissory note for the amount of US$ 2,500,000 (Two Million Five Hundred Thousand United States Dollars) issued by Buyer in favor of Seller and payable on Seller’s first demand, in the form attached hereto as Exhibit B.
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Buyer Promissory Note is defined in Section 1.6(a).
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Buyer Promissory Note means that certain $2,000,000 Promissory Note and Security Agreement, dated January 13, 2011, between the Company and Buyer.
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Examples of Buyer Promissory Note in a sentence

  • To the extent that Buyer is unsuccessful in collecting all or any portion of the Receivables within 180 days of the Closing Date, upon advance written notice to Seller, the principal amount of the Buyer Promissory Note will be reduced effective as of the Closing Date by an amount equal to the aggregate amount of such unpaid Receivables and such unpaid Receivables shall be assigned (together with the full benefit of all security for such Receivables) to Seller for collection and deemed Retained Assets.

  • The principal amount of the Buyer Promissory Note will be reduced effective as of the Closing Date by an amount equal to the aggregate adjustment as set forth in the Inventory Adjustment Notice as finally determined.

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  • The Purchase Price Adjustment shall be paid by means of an increase or decrease, as the case may be, in the principal amount of the Buyer Promissory Note within three Business Days after the Purchase Price Adjustment is finally determined.

  • Buyer shall offset and recoup against amounts due under the Buyer Promissory Note any amounts otherwise due by Seller to Buyer hereunder, including Seller's indemnification obligations under this Agreement and the inventory and Receivables adjustments as set forth in Section 1.12.

  • Pay all reasonable out-of-pocket costs and expenses (including reasonable fees and disbursements of legal counsel) of the Lender in connection with the preparation and documentation of this Note and the Buyer Promissory Note (collectively, the “Note Documentation Costs”).

  • In connection with the Stock Purchase Agreement discussed in Note 2 above, MD Buyers entered into the Buyer Promissory Note, which required MD Buyers to pay ARIC $1,600,000.

  • SSAC, LLC, a Florida limited liability company (the "Maker") is indebted to Hathcock and Benzine pursuant to the xxxxx xx a certain Six Hundred Sixty Thousand and Seven Hundred Forty and No/100 ($660,740.00) Dollar Buyer Promissory Note dated as of the date hereof (the "Note").

  • Except for the Buyer Promissory Note, the Convertible Notes and as set forth on the attached Indebtedness Schedule, neither the Company nor any Subsidiary has any outstanding Indebtedness not reflected on the 2009 Unaudited Balance Sheet.

  • For purposes of this subsection, the term "material" or words of similar import shall apply to Adverse Consequences which cumulatively exceed an actual or prospective value of Five Thousand Dollars ($5,000.00); provided, however, that the foregoing limitation shall not apply to the obligation of Buyer to satisfy the Buyer Promissory Note or the obligations imposed under subparagraphs 2.4(d), (f), (g) and (h) above, or the Assumed Liabilities.


More Definitions of Buyer Promissory Note

Buyer Promissory Note shall have the meaning set forth in Section 2.1(b)(ii).
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Buyer Promissory Note means that certain 15% Secured Promissory Note of even date hereof issued by the Issuer to Lender in connection with the Purchase Agreement.
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Buyer Promissory Note has the meaning given to it in subparagraph 2.4(a)(ii).
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Buyer Promissory Note means the non-recourse Promissory note described in Section 2.2 (b)(ii) below having a term of 3 years and bearing interest at the rate of 8% per annum, secured by a pledge of forty (40) Acquisition Shares, and in the form set forth in Schedule 2.2(b)(ii).
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Buyer Promissory Note means that certain 15% Secured Promissory Note of even date hereof issued by the Corporation to SolBright Renewable Energy, LLC in connection with the Asset Purchase Agreement.
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Buyer Promissory Note means a promissory note made by Buyers in favor of Seller providing for the payment to Seller of $1.6 million, in form and substance satisfactory to Seller.
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Related to Buyer Promissory Note

  • Promissory Note means an instrument that evidences a promise to pay a monetary obligation, does not evidence an order to pay, and does not contain an acknowledgment by a bank that the bank has received for deposit a sum of money or funds.

  • Seller Note means the promissory note evidencing Xxxxxxxx’s repayment obligations in respect of the Seller Loan.

  • Promissory Notes Security", "Record", "Security Account", "Software", and "Supporting Obligations".

  • Secured Promissory Note is defined in Section 2.4.

  • Bridge Note means a promissory note made by the Borrowers in favor of a Bridge Lender evidencing Bridge Loans made by such Bridge Lender substantially in the form of Exhibit E-2.

  • Bridge Loan Agreement means that certain Senior Unsecured Interim Loan Agreement, dated as of December 20, 2007, among Tribune, the Bridge Lenders, the Former Bridge Loan Agent, JPMorgan Chase Bank, N.A., as syndication agent, and Citicorp North America, Inc. and Bank of America, N.A., as co-documentation agents, as amended, restated, supplemented or otherwise modified from time to time.

  • Intercompany Loan Agreement has the meaning set forth in the Purchase and Sale Agreement.

  • Note Purchase Agreements means (i) that certain Note Purchase Agreement, dated as of April 16, 2014 among the Parent, the Borrower, and the purchasers party thereto, (ii) that certain Note Purchase Agreement, dated as of December 18, 2014 among the Parent, the Borrower, and the purchasers party thereto, and (iii) that certain Note Purchase Agreement, dated as of June 13, 2018, among the Parent, the Borrower, and the purchasers party thereto, in each case as amended from time to time.

  • Convertible Note means an instrument issued by a startup company evidencing receipt of money initially as debt, which is repayable at the option of the holder, or which is convertible into such number of equity shares of such startup company, within a period not exceeding five years from the date of issue of the convertible note, upon occurrence of specified events as per the other terms and conditions agreed to and indicated in the instrument;

  • Receivables Purchase Documents means those documents entered into in connection with any series of receivables purchase or sale agreements generally consistent with terms contained in comparable structured finance transactions pursuant to which the Borrower or any of its Subsidiaries, in their respective capacities as sellers or transferors of any receivables, sell or transfer to SPCs all of their respective rights, title and interest in and to certain receivables for further sale or transfer to other purchasers of or investors in such assets (and the other documents, instruments and agreements executed in connection therewith), as any such agreements may be amended, restated, supplemented or otherwise modified from time to time, or any replacement or substitution therefor.

  • Loan Purchase Agreement The Loan Purchase Agreement described in the Recitals to this Agreement, which Loan Purchase Agreement incorporates the terms of the Aurora Loan Services Seller Guide, as the same may be amended from time to time.

  • Purchase Documents The mortgage purchase agreements between Xxxxxxx Mac and its Mortgage sellers and servicers, which are the contracts that govern the purchase and servicing of Mortgages and which include, among other things, the Guide and any negotiated modifications, amendments or supplements to the Guide.

  • Securities Purchase Agreement means that certain securities purchase agreement, dated as of the Subscription Date, by and among the Company and the initial holders of the Notes pursuant to which the Company issued the Notes, as may be amended from time to time.

  • Purchase Agreement Collateral has the meaning specified in Section 6.9 of this Agreement.

  • Intercompany Note means a promissory note substantially in the form of Exhibit I.

  • Advance Purchase Agreements means (a) an advance or deferred purchase agreement if the agreement is in respect of the supply of assets or services and payment in the normal course of business with credit periods which are normal for the relevant type of project contracts, or (b) any other trade credit incurred in the ordinary course of business.

  • Receivables Purchase Agreement means the receivables purchase agreement, dated as of the Closing Date, between AHFC and the Seller, as amended or supplemented from time to time.

  • Note Purchase Agreement means the Note Purchase Agreement, dated as of the Issuance Date, among the Company, the Subordination Agent, the Escrow Agent, the Paying Agent, and the Pass Through Trustee under each Pass Through Trust Agreement providing for, among other things, the issuance and sale of certain equipment notes, as the same may be amended, supplemented or otherwise modified from time to time in accordance with its terms.

  • Whole Loan Agreement Any Reconstitution Agreement in respect of a Whole Loan Transfer.

  • Convertible Note Documents means the indenture under which the Convertible Notes are issued and all other instruments, agreements and other documents evidencing or governing the Convertible Notes or providing for any other right in respect thereof.

  • Equity Line Transaction Documents means this Agreement and the Registration Rights Agreement.

  • Purchase Agreements has the meaning set forth in the Recitals.

  • Project Loan Agreement means the Project Loan Agreement dated as of the date hereof among the Borrower, the Governmental Lender and the Fiscal Agent, as amended, supplemented or restated from time to time.

  • Contract Note means a promissory note of the Borrower payable to the order of a Lender, in substantially the form of Exhibit 1.01A hereto, evidencing the aggregate indebtedness of the Borrower to such Lender resulting from the Contract Advances made by such Lender to the Borrower.

  • New Note shall have the meaning assigned to such term in Section 38.

  • Term Note means a promissory note of the Borrower payable to any Term Lender or its registered assigns, in substantially the form of Exhibit B-1 hereto, evidencing the aggregate Indebtedness of the Borrower to such Term Lender resulting from the Term Loans made by such Term Lender.