Current Note definition

Current Note means the promissory note of the Borrower in the form of Exhibit A, evidencing borrowings under Section 2.1 hereof.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Current Note means the promissory note made by the Borrower in the face amount of $2,400,000.00, evidencing indebtedness under the Credit.

Current Note means the promissory note of the Borrower in the face amount of $3,000,000.00, evidencing indebtedness under the Credit.

Examples of Current Note in a sentence

• This Agreement shall be construed in connection with and as a part of the Note Purchase Agreement and, except as expressly amended by this Agreement, all terms, conditions and covenants contained in the Current Note Purchase Agreement are hereby ratified and shall be and remain in full force and effect.

• Any and all notices, requests, certificates and other instruments executed and delivered after the execution and delivery of this Agreement may refer to the Current Note Purchase Agreement without making specific reference to this Agreement, but nevertheless all such references shall include this Agreement, unless the context otherwise requires.

• Instead, it is the express intention of the parties hereto to reaffirm the indebtedness created under the Current Note Purchase Agreement, as amended by this Agreement, and the Notes.

• The execution, delivery and effectiveness of this Agreement shall not be deemed, except as expressly provided herein, (a) to operate as a waiver of any right, power or remedy of any of the Noteholders under the Current Note Purchase Agreement or the Notes, nor constitute a waiver or amendment of any provision thereunder, or (b) to prejudice any rights which any Noteholder now has or may have in the future under or in connection with the Note Purchase Agreement or the Notes or under applicable law.

• Anything contained herein to the contrary notwithstanding, this Agreement is not intended to and shall not serve to effect a novation of the obligations under the Current Note Purchase Agreement.

• All references in the Loan Documents to the Current Note shall be revised to refer to the Note, as amended and restated.

• The Issuers hereby acknowledge and affirm all of their respective obligations under the terms of the Current Note Purchase Agreement and the Notes.

• All references in the Loan Documents to the face amount of the Current Note shall be revised to refer to the New Note Amount set forth herein.

• Each reference in the Current Note Purchase Agreement to “this Agreement,” “hereunder,” “hereof,” or words of similar import in instruments or documents provided for in the Current Note Purchase Agreement or delivered or to be delivered thereunder or in connection therewith, shall, except where the context otherwise requires, be deemed a reference to the Note Purchase Agreement.

• Interest on the Notes shall accrue at the Note Interest Rate during each Interest Period on the Current Note Balance of each Outstanding Note at the end of such Interest Period.

More Definitions of Current Note

Current Note has the meaning set forth in the recitals hereto.

Current Note. (Of even date herewith): Principal Amount $10,750,000 Dated as of August 9, 1979 March 9, 1984 Interest Rate (per annual five percentum (50/6) Trustee, if any Final Payment Date Sixteen (16) years after the date thereof Restated Mortgage - Telephone 100% REA Loan No Prior Bank Loan (RES-REA.NPB) 9/91

Current Note means the promissory note of the Borrower substantially in the form of attached Exhibit A, evidencing indebtedness under the Credit.

Current Note means a Note in the principal sum of $14,703,300,000 issued by Operations as of 11 December 2009;