Exchange Note definition

Exchange Note means the Closed-End Exchange Note.

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Exchange Note has the meaning specified in Section 4.1(a) of the Credit and Security Agreement.

Exchange Note means any Series B Note issued in exchange for an Original Note pursuant to the Exchange Offer or the Private Exchange.

Examples of Exchange Note in a sentence

• The 20__-__ Exchange Note has been duly executed, issued, authenticated and delivered and is the valid and binding obligation of the Borrowers entitled to the benefits of the Exchange Note Supplement and the Credit and Security Agreement.

• Ford Credit and the Titling Companies designated the 20__-__ Reference Pool for the 20__-__ Exchange Note and allocated the Leases and Leased Vehicles from the Revolving Facility Pool to the 20__-__ Reference Pool.

• Ford Credit requested that a portion of the Revolving Facility Balance be exchanged for a note designated as the "20__-__ Exchange Note" to be issued by the Titling Companies to Ford Credit under the Exchange Note Supplement and the Credit and Security Agreement.

• This Agreement will terminate on the payment in full or cancellation of the 20__-__ Exchange Note.

• When the Depositor's payment of the Administrative Reallocation Amount for a Lease and Leased Vehicle is included in Exchange Note Available Funds for a Payment Date, the Lease and Leased Vehicle will be deemed to have been reallocated to the Revolving Facility Pool, effective as of the last day of the Collection Period before the related Collection Period.

More Definitions of Exchange Note

Exchange Note means any Note issued in exchange for an Original Note or Original Notes pursuant to the Exchange Offer or otherwise registered under the Securities Act and any Note with respect to which the next preceding Predecessor Note of such Note was an Exchange Note.

Exchange Note or a “Transfer Restricted Security” shall include a reference to the related Guarantee.

Exchange Note means any security of the Company to be offered to Holder in exchange for a Note of a series pursuant to the Exchange Offer or otherwise pursuant to a Registration, containing terms identical in all material respects to the Notes of such series for which they are exchanged, except that (i) interest thereon shall accrue from the last date on which interest was paid on the Notes or, if no such interest has been paid, from the date of issuance of the Notes and (ii) the Exchange Notes will not contain terms with respect to transfer restrictions or the payment of additional interest upon the occurrence of a Registration Default.

Exchange Note means a note of the Borrower issued pursuant to the Exchange Note Indenture.

Exchange Note means the Promissory Note evidencing the Exchange Loan by Borrower for the benefit of Lender, dated as of its date of issuance, as amended, extended or supplemented from time to time, in substantially the form attached as Exhibit A.

Exchange Note has the meaning specified in Section 11.3(a).

Exchange Note or "Exchange Notes" have the meaning provided in the preamble to this Indenture.