Class 2 Note definition

Class 2 Note has the meaning set forth in Section 1(b)(ii) hereof.
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Class 2 Note means a promissory note, substantially in the form annexed to the Disclosure Statement as Exhibit D issued by Reorganized Ranch *1 to the holders of Class 2 Allowed Claims in the principal sum of two million two hundred fifty thousand dollars ($2,250,000.00), together with interest at seven percent (7%) per annum, compounded and payable semi-annually with the first payment (of nine equal payments) commencing twelve (12) months after the Effective Date. The Class 2
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Examples of Class 2 Note in a sentence

  • The number of Class 2 Warrants purchased by a Class 2 Purchaser will be determined based on the amount of its Class 2 Note and the length of time such Note is outstanding, as more fully explained in Section 1(d), below.

  • In addition, Class 2 Purchasers may elect to take interest of 12% per annum on their Class 2 Note instead of acquiring a Class 2 Warrant or Warrants.

  • Xxxxx Title: Chairman of the Board EXHIBIT D Form of Class 2 Note THIS NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR UNDER ANY APPLICABLE REGULATION OF ANY STATE AND IS NOT TRANSFERABLE EXCEPT UPON THE CONDITIONS SPECIFIED IN SECTION 16 OF THE PURCHASE AGREEMENT REFERRED TO HEREIN.

  • Specifically, in exchange for making and funding: (i) the Net Equity Contribution, and (ii) causing Reorganized Ranch *1 to execute and deliver the Class 2 Note, the Insider Note, and the Additional Insider Note, R1 Franchise shall receive one hundred percent (100%) of all Equity Security Interests in Reorganized Ranch *1.

  • This May 17 Class 2 Note holder hereby waives any Default Interest payments due on said notes retroactively from September 30, 2010 through May 17, 2011.

  • Within thirty (30) days after the Effective Date, the Committee shall receive the Class 2 Note.

  • Except as set forth herein, any and all claims or interests asserted by Salvatore Rametta and/or Sebastian Rametta against and/or in the Debtors, their estates and/or Reorganized Ranch *1, are hereby forever waived and expunged; and (vi) The face amount of the Class 2 Note shall be increased by the amount which Salvatore Rametta would have otherwise received from the Insider Note has his claim been included in Class 3 rather than C 2 (the "Note Adjustment Amount").

  • In no event shall a holder of an Allowed Non-Insider Claim receive in excess of one hundred percent (100%) of its Allowed Claim plus its pro rata share of interest allowed pursuant to the Class 2 Note.

  • Except as otherwise provided by the Plan, on the Effective Date, title to all assets dealt with by the Plan shall pass to Reorganized Ranch *1 free and clear of all liens, claims and interests in accordance with Section 1141 of the Bankruptcy Code, subject only to the liens, claims and interests provided by the Class 2 Note, the claims and interests provided by the Insider Note, and the claims and interests provided by the Additional Insider Note.

  • If more than one May 17 Class 2 Note was issued on the same date, said note holders will share an undivided interest in payments payable by the Company until their notes are paid in full including accrued interest due thereon.

Related to Class 2 Note

  • Class A-2 Note means any of the 0.51% Asset Backed Notes, Class A-2, issued under the Indenture substantially in the form attached thereto as Exhibit A-1.

  • Class C Note means any one of the Series 2020-1 3.02% Rental Car Asset Backed Notes, Class C, executed by ABRCF and authenticated by or on behalf of the Trustee, substantially in the form of Exhibit C-1, Exhibit C-2 or Exhibit C-3. Definitive Class C Notes shall have such insertions and deletions as are necessary to give effect to the provisions of Section 2.18 of the Base Indenture.

  • Class A-3 Note means any of the 1.34% Asset Backed Notes, Class A-3, issued under the Indenture, substantially in the form of Exhibit A to the Indenture.

  • Class A Note means a Class A-1 Note, a Class A-2 Note, a Class A-3 Note or a Class A-4 Note.

  • Class A-1 Note means any of 5.604% Asset Backed Notes, Class A‑1, issued under the Indenture substantially in the form attached thereto as Exhibit A-1.

  • Class C Notes has the meaning assigned to such term in the Indenture.

  • Class D Notes has the meaning assigned to such term in the Indenture.

  • Class A-4 Note means any of the ___% Asset Backed Notes, Class A-4, issued under the Indenture.

  • Class B Note means any of the 0.00% Asset Backed Notes, Class B, issued under the Indenture substantially in the form attached thereto as Exhibit A-3.

  • Class C Note Principal Balance means, on any date of determination, an amount equal to (a) the Class C Note Initial Principal Balance, minus (b) the aggregate amount of principal payments made to the Class C Noteholders on or prior to such date.

  • Initial Class A-3 Note Balance means $380,000,000.

  • Initial Class C Note Balance means $178,840,000.

  • Class C Note Balance means, at any time, the Initial Class C Note Balance reduced by all payments of principal made prior to such time on the Class C Notes.

  • Initial Class D Note Balance means $142,370,000.

  • Class A-3 Note Balance means, at any time, the Initial Class A-3 Note Balance reduced by all payments of principal made prior to such time on the Class A-3 Notes.

  • Class A-3 Notes means the Class of Auto Loan Asset Backed Notes designated as Class A-3 Notes, issued in accordance with the Indenture.

  • Class C Note Rate means 3.48% per annum.

  • B Note means a promissory note of the Borrower payable to the order of any Lender, in substantially the form of Exhibit A-2 hereto, evidencing the indebtedness of the Borrower to such Lender resulting from a B Advance made by such Lender.

  • Class C Noteholders’ Monthly Accrued Interest means, with respect to any Payment Date, the aggregate interest accrued for the related Interest Period on the Class C Notes at the Class C Interest Rate on the Class C Note Balance on the immediately preceding Payment Date or the Closing Date, as the case may be, after giving effect to all payments of principal to the Class C Noteholders on or prior to such preceding Payment Date.

  • Class A-5 Notes means the $_________ Floating Rate Class A-5 Student Loan Asset-Backed Notes issued by the Trust pursuant to the Indenture, substantially in the form of Exhibit A thereto.

  • Class D Note Balance means, at any time, the Initial Class D Note Balance reduced by all payments of principal made prior to such time on the Class D Notes.

  • Class A-3 Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Class C Note Initial Principal Balance means $18,948,000.

  • Class M Notes The Class M-1, Class M-2 and Class M-3 Notes.

  • Class A-3 Principal Balance as of any date means the Class A‑3 Initial Principal Balance less all amounts paid to the holders of Class A‑3 Notes in respect of principal pursuant to Section 5.06 hereof.

  • Class A-4 Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).