Contingent Notes definition

Contingent Notes means the contingent promissory notes constituting Subordinated Indebtedness issued to the Sellers in connection with a Permitted Acquisition made hereunder or under this Agreement prior to its amendment and restatement on the Initial Closing Date.

Contingent Notes means the Company's Senior Subordinated Contingent Notes due 2009.

Contingent Notes is defined in the recitals to this Agreement.

Examples of Contingent Notes in a sentence

• The Board of Directors of the Purchaser has duly authorized the execution, delivery and performance of this Agreement, the Contingent Notes and the other agreements and transactions contemplated hereby, and no other corporate proceedings on its part are necessary to authorize this Agreement and the transactions contemplated hereby.

• Upon execution and delivery of this Agreement by the parties hereto this Agreement shall, and upon issuance of the Contingent Notes in accordance with the provisions hereof the Contingent Notes shall, constitute legal, valid and binding obligations of the Purchaser, enforceable against the Purchaser in accordance with their respective terms.

• The Contingent Notes shall be non-transferable and non-negotiable other than by will or the laws of intestate succession.

• In the event Operating Earnings or Cumulative Operating Earnings are less than the applicable Minimum Target for any given year, interest on the principal amount of the Contingent Notes for such year shall be canceled and voided.

• The Notes shall be pari passu in right of payment to the PBGC 6% Senior Notes, and senior in right of payment to the Employee Notes and the PBGC 8% Contingent Notes.

More Definitions of Contingent Notes

Contingent Notes means the Contingent Payment Notes due on the Maturity Date issued pursuant to the Contingent Note Indenture;

Contingent Notes means the unsecured contingent notes issued by the Borrower and certain of the Subsidiaries in connection with acquisitions prior to the Closing Date and any earn-out obligations incurred prior to the Closing Date which are similar in nature thereto but which are not represented by actual notes, all of which are set forth on Schedule 1.01(b).

Contingent Notes means those certain 8% Non-Negotiable Subordinated Contingent Notes in the original aggregate principal amount of $2,500,000 issued pursuant to the Purchase Agreement.

Contingent Notes means the Senior Subordinated Contingent Notes due 2009 of JCC issued pursuant to the Plan of Reorganization.

Contingent Notes means notes issued under and having terms and conditions consistent with this Plan.

Contingent Notes has the meaning set forth in Article 2(d) below.

Contingent Notes means JPS Capital's Contingent Payment Notes due on the Maturity Date (as defined in the Contingent Note Indenture), governed by the terms of the Contingent Note Indenture, in the aggregate initial principal amount of $34,000,000, subject to adjustment pursuant to the Contingent Note Indenture.