Draw Note definition

Draw Note is defined at Section 1.1.2.
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Draw Note means that Draw Note, issued by Covenant to TBK Bank, SSB for the principal amount of FORTY FIVE MILLION DOLLARS ($45,000,000.00), including all amendments, riders, and supplements thereto, entered in connection with this Agreement and dated September 23, 2020, attached hereto as composite Exhibit 2.33.
Sample 1
Draw Note or “Draw Notes” shall mean all Draw Loan C Notes executed by Borrowers and delivered to Bank pursuant to this Agreement.
Sample 1

Examples of Draw Note in a sentence

  • Once drawn, no Delayed Draw Note Commitment may be redrawn, whether or not the Delayed Draw Notes related thereto have been repaid or prepaid.

  • All of the Note Parties’ obligations under this Article III shall survive any transfer of the Notes, the termination of the Delayed Draw Note Commitments, the repayment, satisfaction or discharge of the Obligations hereunder and the resignation or replacement of the Collateral Agent.

  • The Indebtedness represented by the Notes and the other Obligations under the applicable Note Documents of each Note Party is intended to constitute senior secured Indebtedness, and accordingly is, and shall be, at all times while the Notes and the other Obligations remain outstanding or the Purchasers have any outstanding Delayed Draw Note Commitments hereunder, pari passu or senior in right of payment with all Indebtedness (if any) of such Note Party.

  • Subject to and upon the terms and conditions contained herein including, without limitation, Section 3.1(B) of this Agreement, each Delayed Draw Term Purchaser severally (and not jointly) has the option in its sole discretion to fund its pro rata share of any advances under the Delayed Draw Term Notes not to exceed its Delayed Draw Term Note Option on the applicable Delayed Draw Note Advance Date.

  • The agreements in this Section 12.04 and the indemnity provisions of Section 12.02(d) shall survive the resignation of the Collateral Agent, the transfer of any Note, the replacement of any Purchaser, the termination of the Delayed Draw Note Commitments and the repayment, satisfaction or discharge of all the other Obligations.

  • The Bank agrees, on the terms and conditions of this Agreement and provided that no Event of Default or Default (the definitions of those and other capitalized terms used herein have the meanings provided in Section 9) then exists, to make Loans to the Company at the main office of the Bank, 0 Xxxx Xxxxxx Xxxxxx, Xxxxxxxxxx, Xxxx, from time to time on and after the date hereof but prior to the Term Loan Maturity Date, the Revolving Credit Maturity Date or the Draw Note Maturity Date.

  • Each Guarantor agrees that such Guarantor shall have no right of subrogation, indemnity, reimbursement or contribution against the Issuer or any other Guarantor for amounts paid under this Article IV until such time as the Obligations (other than contingent indemnification obligations for which no claim has been asserted) have been paid in full and all Delayed Draw Note Commitments have expired or been terminated.

  • Each Delayed Draw Purchaser severally, and not jointly, agrees, subject to Sections 4.02 and 4.03 hereof, to purchase Delayed Draw Notes from the Issuer in Dollars, at par, in a principal amount not to exceed its Delayed Draw Note Commitment at any time and from time to time after the Closing Date until the termination of the Delayed Draw Note Commitment of such Delayed Draw Purchaser in accordance with the terms hereof.

  • Properly executed forms of the Revolving Note, the Term Note and the Draw Note, each drawn to the order of the Bank in the principal amount of the Bank's Commitment.

  • The Delayed Draw Note Closing Date shall not occur after August 14, 2019.


More Definitions of Draw Note

Draw Note means each Draw Note provided for in this First Amendment, evidencing each advance under the Draw Loan.
Sample 1
Draw Note means the Draw Note executed by Borrowers in favor of Bank in the amount of $1,500,000.00 evidencing the Equipment Loan.
Sample 1
Draw Note is amended to mean the Draw Note as defined in Recital C to this Agreement, (iv) the “Notes” is amended to mean the Notes as defined in Recital C to this Agreement, (v) the “Stock Pledge Agreement” is amended to mean the Sock Pledge Agreement as defined in Recital D to this Agreement, (vi) the “Collateral Assignment” is amended to mean the Collateral Assignment as defined in Recital C to this Agreement, and (vii) the “Loan Documents” is amended to mean the Loan Agreement, the Notes, the Stock Pledge Agreement, the Collateral Assignment and the other documents evidencing, securing and guarantying the Loan, in their original form and as amended.
Sample 1
Draw Note means, a promissory note in substantially the form of Exhibit C hereto or in another form prepared by and acceptable to that Bank together with any and all renewals, extensions, modifications or replacements thereof and given in substitution therefor.
Sample 1

Related to Draw Note

  • Term Note means a promissory note of the Borrower payable to any Term Lender or its registered assigns, in substantially the form of Exhibit C-1 hereto, evidencing the aggregate Indebtedness of the Borrower to such Term Lender resulting from the Term Loans made by such Term Lender.

  • Revolving Note means a promissory note of the Borrower payable to a Lender in substantially the form of Exhibit 11.1(d) hereto, evidencing Indebtedness of the Borrower under the Revolving Loan Commitment of such Lender.

  • New Note shall have the meaning assigned to such term in Section 38.

  • Term Loan A Note means a promissory note made by the Borrower in favor of a Term Loan A Lender evidencing the portion of the Term Loan A made by such Term Loan A Lender, substantially in the form of Exhibit C-1.

  • Borrower Note means the “Borrower Note” as defined in the Borrower Loan Agreement.

  • Term Loan Note means a promissory note made by the Borrower in favor of a Term Loan Lender evidencing the portion of the Term Loans made by such Term Loan Lender, substantially in the form attached as Exhibit A-3, and any substitutes therefor, and any replacements, restatements, renewals or extension thereof, in whole or in part.

  • Loan Note means each Loan Note of the Borrower in the form of Exhibit C attached hereto, payable to the order of a Funding Agent for the benefit of the Lenders in such Funding Agent’s Lender Group, in the aggregate face amount of up to such Lender Group’s portion of the Maximum Facility Amount, evidencing the aggregate indebtedness of the Borrower to the Lenders in such Funding Agent’s Lender Group.

  • Bridge Note means a promissory note of the Borrower in the form attached as Exhibit B hereto evidencing the Bridge Loan of any Lender.

  • Equipment Note means and includes any equipment notes issued under the Indenture in the form specified in Section 2.01 thereof (as such form may be varied pursuant to the terms of the Indenture) and any Equipment Note issued in exchange therefor or replacement thereof pursuant to Section 2.07 or 2.08 of the Indenture.

  • Delayed Draw Loan A Loan that requires one or more future advances to be made by the Borrower and which does not permit the re-borrowing of any amount previously repaid by the related Obligor; provided that, such Loan shall only be considered a Delayed Draw Loan for so long as any future funding obligations remain in effect and only with respect to any portion which constitutes a future funding obligation.

  • B Note means a promissory note of the Borrower payable to the order of any Lender, in substantially the form of Exhibit A-2 hereto, evidencing the indebtedness of the Borrower to such Lender resulting from a B Advance made by such Lender.

  • Subordinated Note means the Subordinated Note (or collectively, the “Subordinated Notes”) in the form attached as Exhibit A hereto, as amended, restated, supplemented or modified from time to time, and each Subordinated Note delivered in substitution or exchange for such Subordinated Note.

  • Swing Note is defined in Section 1.11 hereof.

  • Credit Note means a document issued by a registered person under sub-section (1) of section 34;

  • Note means a promissory note made by the Borrower in favor of a Lender evidencing Loans made by such Lender, substantially in the form of Exhibit C.

  • Term B Note means a promissory note made by the Borrower in favor of a Term B Lender, or its registered assigns, evidencing Term B Loans made by such Term B Lender, substantially in the form of Exhibit C-1.

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • Revolver Note means any one of such Revolver Notes.

  • Revolving Loan Note means a promissory note in the form of Exhibit B-2, as it may be amended, supplemented or otherwise modified from time to time.

  • Loan Amount has the meaning specified in Section 7.06(b) of the Indenture.

  • Promissory Note means an instrument that evidences a promise to pay a monetary obligation, does not evidence an order to pay, and does not contain an acknowledgment by a bank that the bank has received for deposit a sum of money or funds.

  • Construction Loan Agreement means the Loan Agreement to be entered into by and between the Construction Lender and the Partnership, as amended.

  • Construction Loan means the loan to finance construction of the Apartment Housing, made to Owner by the Construction Lender.

  • Loan Advance The meaning specified in Section 2.2(a).

  • Demand Note means the note issued by the rating authority, in relation to the premises for the purpose of levying non-domestic rates prescribed by Scottish Ministers for the financial year, in respect of which a claim is made under this Determination;