Examples of Escrow Note in a sentence

The rights, privileges and preferences of the Preferred Stock are as stated in the Certificate of Designation and as provided by the Delaware General Corporation Law.
The separate, binding terms of the Senior Credit Facility required that both Notes be repaid in three months, not a year.Further, the Escrow Note and the Tax Receivable Note were enmeshed in an intricate, short-term relationship with ION as they related to the settling of the Escrow and the receipt of the income tax receivable.
ION Amends Its Senior Credit Facility To Account For The Escrow Note And Tax Receivable Note In A Way That Shortens The Life Of EachNote To Three Months, And The ARAM Acquisition Closes On September 17, 2008, the same day that ION and ARAM entered into the Revised Purchase Agreement, ION and its bank syndicate entered into the First Amendment to the Senior Credit Facility to account for the new Notes.
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.
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.

More Definitions of Escrow Note

Escrow Note has the meaning specified in Section 2.4.

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 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 a note in the amount equal to the Cash in Lieu of Stock Payment substantially in the form attached hereto as Exhibit N made by the Buyer in favor of the Equityholders.

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.