Contingent Note definition
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
This Contingent Note may only be amended or modified by a writing signed by both the Company and the Holder.
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.
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.
Nothing contained in this Contingent Note shall be construed as conferring upon the Holder or any other Person the right to vote or to consent or to receive notice as a stockholder of the Company.
All of the terms and provisions of this Contingent Note shall bind the Company and its successors and assigns and the benefits hereof shall inure to the benefit of the Holder and his heirs, personal representatives, successors, and assigns; provided, however, that the Holder may not assign this Note in whole or in part without the Company's prior written consent (such consent not to be unreasonably withheld, conditioned or delayed).
More Definitions of Contingent Note
Contingent Note shall have the meaning as set forth in --------------- Section 3.1(b)(ii)(y).
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
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 Intercreditor Agreement shall mean that certain Intercreditor Agreement, dated as of the Closing Date, between the Lender and CIT, as the same may from time to time be renewed, amended, restated or supplemented. Copyrights shall mean, as to any Credit Party, all of such Credit Party’s present and hereafter acquired copyrights, copyright registrations, recordings, applications, designs, styles, licenses, marks, prints and labels bearing any of the foregoing, all reissues and renewals thereof, all licenses thereof, all other general intangible, intellectual property and other rights pertaining to any of the foregoing, together with the goodwill associated therewith, and all income, royalties and other Proceeds of any of the foregoing. Credit Parties shall mean collectively, the Company and the Guarantors, and Credit Party shall mean any one of them. Current Cash Interest Tranche shall have the meaning ascribed to it in Section 3.2(a). Default shall mean any event specified in Section 10.1 hereof, regardless of whether any requirement for the giving of notice, the lapse of time, or both, or any other condition, event or act, has occurred or been satisfied. Default Rate of Interest shall have the meaning ascribed to in Section 3.4. Depository Account shall mean each bank account (and the related lockbox, if any) subject to CIT’s control that is established by CIT, as agent for lenders under the CIT Financing Agreement and Lender, or any Credit Party pursuant to Section 2.1(j) or Section 3.2(c) of the CIT Financing Agreement.
Contingent Note means that certain senior secured contingent note in an aggregate principal amount of up to $2,500,000, dated the date hereof, from Maker to Holders, contingent upon an increase in the EBITDA (as defined therein) of the Acquired Companies from the 2024 fiscal year to the 2025 fiscal year.
Contingent Note means the contingent promissory note to be issued by the Company to the Asbestos Trust in accordance with the Plan.
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