Contingent Note means a contingent promissory note in the principal amount of $1.390 billion, (which sum shall bear simple interest from the Effective Date until the payment date at the rate of seven percent (7%) per annum), issued by Reorganized OCD to the Asbestos Personal Injury Trust in the event Class A5 accepts the Plan, the payment of which shall be subject to the condition precedent that either (i) the FAIR Act shall not have been enacted into law on or before the Trigger Date, or (ii) in the event that (a) the FAIR Act has been enacted into law on or before the Trigger Date, and (b) it has been challenged in a court of competent jurisdiction by March 31, 2007, then such legal challenge ultimately results in the entry of a Final Order declaring the FAIR Act unconstitutional or otherwise permanently enjoining or barring the efficacy of the FAIR Act. The Contingent Note shall be in form and substance satisfactory to the Debtors and the other Plan Proponents, and the form of Contingent Note shall be set forth on Exhibit N, to be filed no later than ten (10) Business Days prior to the Objection Deadline.

Contingent Note means the US$130,000,000 note dated on or about the date of this Debenture and issued by the Company in favour of the Contingent Chargee. "Contingent Note Floating Charge" has the meaning given to that term in Clause 4.1 (Subject to the Existing Account Charge, the Company hereby charges as beneficial owner in favour of the Contingent Chargee as security for the payment and discharge of the Secured Obligations, by way of floating charge, the Charged ASF Proceeds and all Related Rights in relation thereto (the "Contingent Note Floating Charge").). "Event of Default" has, in respect of each Secured Document, the meaning given to it in that Secured Document. "Existing Account Charge" means the charge over account dated 6 November 2013 and made between the Company as chargor and the Existing Chargee. "Existing Chargee" means Bank of America, National Association. "GTAT Collateral" means: (a) all present and future Accounts of the Company in any way related to Intercompany Sales of ASF Furnaces by GTAT to the Company, or to which the proceeds of any such Intercompany Sales are at any time credited; (b) all present and future Letter-of-Credit Rights of the Company in any way related to ASF Furnaces that are or were the subject of Intercompany Sales by GTAT to the Company;

Contingent Note means and includes the 7% Non-Negotiable Subordinated Contingent Note issued by AmeriPath, as borrower, to the Employee, as the holder, pursuant to the Purchase Agreement and in connection with the Acquisition.

Examples of Contingent Note in a sentence

In case any one or more of the provisions of this Contingent Note shall be invalid or unenforceable in any respect, the validity and enforceability of the remaining terms and provisions of this Contingent Note shall not in any way be affected or impaired thereby and the parties will attempt in good faith to agree upon a valid and enforceable provision which shall be a commercially reasonable substitute therefor, and upon so agreeing, shall incorporate such substitute provision in this Contingent Note.
Holder hereby acknowledges, understands and agrees that this Contingent Note will be subordinate in right of payment to the indebtedness of any institutional lender who provides debt financing to the Company.
The descriptive section headings in this Contingent Note are for convenience only and shall not be construed as part hereof.
This Contingent Note and the rights and obligations of the parties hereto shall be governed by and construed in accordance with the laws of the State of New York without regard to the conflicts of laws provisions thereof.
The Company shall be entitled to prepay this Contingent Note (including all accrued but unpaid interest), in whole or in part, at any time without penalty or premium and without payment of unearned interest.

More Definitions of Contingent Note

Contingent Note shall have the meaning as set forth in --------------- Section 3.1(b)(ii)(y).

Contingent Note as defined in Section 2.12.

Contingent Note means an unsecured promissory note in an aggregate principal amount of One Million Dollars ($1,000,000), dated as of December 23, 2003, issued by the Company in favor of the unsecured creditors of HH Liquidating Corp. (f/k/a Horsehead Industries, Inc.), a Delaware corporation. Contrarian shall mean Contrarian Service Company, L.L.C., a Delaware limited liability company, and its successors and assigns. Contrarian Intercreditor Agreement shall mean that certain Intercreditor Agreement, dated as of the Closing Date, between the Agent and Contrarian, as the same may from time to time be renewed, amended, restated or supplemented. Contrarian Obligations shall mean all of the Indebtedness and other “Obligations” of one or more of the Credit Parties owing to Contrarian pursuant to (and as defined in) the Contrarian Transaction Documents.

Contingent Note means an unsecured loan to the Company in an amount equal to the Withdrawing Developer’s Additional Development Land Contribution. Such loan shall not bear interest and the repayment of such loan shall be contingent upon the Company obtaining the Entitlements substantially consistent with the Entitlement Business Plan and this Agreement. The Contingent Note shall be due and payable upon the earlier of (i) the date which is one hundred and twenty (120) days following the date on which the Company obtains such Entitlements, or

Contingent Note shall have the meaning given such term in Section 13.1A(3)(i)A hereof.