Competitive Note definition

Competitive Note means a promissory note of the Borrower in favor of a Lender delivered pursuant to Section 2.2(f) and evidencing the Competitive Loans, if any, of such Lender, as such promissory note may be amended, modified, restated or replaced from time to time.

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Competitive Note shall have the meaning assigned to such term in Section 2.8.

Competitive Note means a promissory note of the Company payable to the order of a Lender, in substantially the form of Exhibit 1.01-C, together with all modifications, extensions, renewals and rearrangements thereof.

Examples of Competitive Note in a sentence

If only Competitive Loans have been assigned by the assigning Lender, such Lender shall not be required to deliver its Competitive Note to the Administrative Agent, unless such Lender no longer holds a Commitment under this Agreement, in which event such assigning Lender shall deliver its Competitive Note, if any, at the same time it delivers the applicable Assignment and Acceptance to the Administrative Agent.
The Competitive Loans of each Lender shall be evidenced by a single Competitive Note duly executed on behalf of the Borrower, dated the date hereof, in substantially the form of Schedule 2.2(f), payable to the order of such Lender.
In such event, the Company shall prepare, execute and deliver to such Lender a Committed Note or a Competitive Note, as the case may be.
The aggregate unpaid amount of Fixed Rate Loans and Competitive Libor Loans set forth on the grid(s) attached to each Competitive Note shall be rebuttable presumptive evidence of the principal amount owing and unpaid on such Note, it being understood, however, that any Lender's failure to so record appropriate information on the grid(s) attached to its respective Competitive Note shall in no way affect the obligations of the Company under this Agreement or such Note.
All payments of principal and interest shall be made to the Competitive Advance Facility Agent in immediately available funds for the account of the Lenders by no later than 3:00 p.m. (New York time) on the applicable payment date which date shall be specified on the applicable Competitive Note.

More Definitions of Competitive Note

Competitive Note means a promissory note which a Bank may require the Company to execute in accordance with Section 2.8(b), payable to the order of such Bank, in substantially the form of Exhibit D-l hereto, with the blanks appropriately completed, to evidence the aggregate indebtedness of the Company to such Bank resulting from the Competitive Loans made by such Bank to the Company, together with all modifications, extensions, renewals, and rearrangements thereof.

Competitive Note mean, respectively, (a) the promissory notes of the Company substantially in the form of Exhibit A-1 hereto, issued pursuant to and in accordance with this Agreement, as such promissory notes may be amended or modified and in effect, and (b) a single such promissory note.

Competitive Note or "Competitive Notes" means the promissory notes of the Borrower in favor of each of the Lenders evidencing the Competitive Loans, if any, delivered pursuant to Section 2.2(i), individually or collectively, as appropriate, as such promissory notes may be amended, modified, supplemented, extended, renewed or replaced from time to time.

Competitive Note means a Note or Notes executed and delivered pursuant to Section 2.1C.

Competitive Note means a promissory note of the Company in the form of Exhibit D-1, executed and delivered as provided in Section 2.08.

Competitive Note means a promissory note of the Borrower in the form of Exhibit B-1 executed and delivered as provided in Section 2.08.

Competitive Note means a promissory note of the Borrower in the form of Exhibit B-1 executed and delivered as provided in Section 2.09.