Escrow Note definition

Escrow Note shall have the meaning set forth in the Purchase Agreement.
Escrow Note means that certain Promissory Note, dated May 12, 2011, made in favor of the X.X. Xxxxxx Family Trust by a Restricted Subsidiary of the Company.
Escrow Note has the meaning specified in Section 2.4.

Examples of Escrow Note in a sentence

  • The Purchaser shall have the right to prepay at any time, without premium, all or any portion of the principal indebtedness evidenced by the Escrow Note, together with accrued interest on the principal so prepaid to the date of such prepayment.

  • In plain terms, this amendment effectively shortened the life of both the Escrow Note and the Tax Receivable Note from one year to three months.

  • But, in repaying the Escrow Note, ION had to comply with the terms of its other credit agreements.

  • The principal amount of the Escrow Note shall be reduced by $2.00 for each $1.00 so deposited into the Deposit Account by the Purchaser.

  • Although the terms of the Escrow Note and the Tax Receivable Note contemplated a one-year maturity date, the amended Senior Credit Facility imposed a separate, independent requirement that both Notes be paid back in three months.


More Definitions of Escrow Note

Escrow Note means the Promissory Note issued by ETHC to Bariston Associates, Inc., dated the date hereof, in the principal amount of $[__________].
Escrow Note means the Promissory Note issued by ETHC to 280 Equity Holdings, Ltd., dated the date hereof, in the principal amount of $3,200,000.
Escrow Note means a note issued by a Subsidiary of WIMC to the Sellers’ Representative in the aggregate principal amount of $9,000,000 (as such principal amount may be adjusted pursuant to Section 10.7 and the Escrow Agreement) in substantially the form attached hereto as Exhibit A.
Escrow Note means the Promissory Note in the principal amount of $10,500,000 payable by VERT to the Trust in the form of EXHIBIT C.
Escrow Note means that certain 12.5% Senior Secured Promissory Note in the principal amount of $7,000,000 due, subject to the terms therein, three (3) years from its date of issuance, in the form attached hereto as Exhibit A.
Escrow Note means a promissory note issued on the Effective Date, payable by the Fund Liquidating LLC to the holder of an Allowed Claim in SLC-3 or CFC-3 in the amount set forth in Sections 5.2(c) or 5.3(c) hereof. Each Escrow Note shall mature on the fifth (5th) anniversary of the Effective Date; shall accrue interest at the rate of 3.50% per annum, compounded annually, payment of which shall be deferred until maturity; shall be paid in full prior to any further distributions by the Fund Liquidating LLC to the holders of Allowed Claims in SLC-4, CFC-4 or, subject to the provisions of Section 7.3 hereof, IBF Hotel-4 (after the Initial Non-Escrow Distribution and the distribution of Fund Membership Interests, and other than distributions by the Fund Liquidating LLC from the Expense Reserve, Disputed Claims Reserve or the Unclaimed Distributions Reserve, or distributions to the Fund Liquidating LLC's members in an amount not to exceed the estimated tax liability of such members arising as a result of allocations of income or gain of the Fund Liquidating LLC); shall be subject to prepayment, in whole or in part, at any time, in any amount, without prepayment penalty, to be applied in such a manner as may be specified by the Fund Liquidating Agent; and in each instance may, for administrative purposes, be accounted for on the Fund Liquidating LLC's books and records in lieu of delivery of an actual physical promissory note to the payee thereof.
Escrow Note means that certain convertible note in the original principal amount of One Million Three Hundred Fifty-seven Thousand Dollars ($1,357,000) issued by the Company to Holder simultaneous herewith pursuant to the Purchase Agreement.