Existing Term Note definition

Existing Term Note means a “Term Note” as defined in the Existing Credit Agreement.

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

Existing Term Note means that certain Amended and Restated Promissory Note, dated February 24, 2014, made by Borrower to Bank’s order in the face principal amount of $8,083,333.37, and any modification, renewal or consolidation thereof or substitution therefor.

Examples of Existing Term Note in a sentence

• The Borrowers acknowledge and agree that (i) the current outstanding principal balance of the Existing Term Note is $8,833,333.31, (ii) none of the Borrowers has any defenses to payment, offsets, recoupments, deductions, or counterclaims with respect to the Existing Term Note or the Indebtedness evidenced thereby, and (iii) the Interest Rate Swap continues in effect and the Borrowers" obligations thereunder are reaffirmed.

• The outstanding unpaid balance under the Term Loan Facility shall be evidenced by the Term Note, which shall be jointly and severally made, executed and delivered by the Borrowers at the Closing in modification of and substitution for the Existing Term Note.

• Bank agrees to continue the Term Loan and the Borrowers agree to execute and deliver a term note in the principal amount of $8,833,333.31 in accordance with Subsection 2.5.2 hereof in replacement and continuation of, and in substitution for, the Existing Term Note.

More Definitions of Existing Term Note

Existing Term Note means has the meaning specified in Section 2.11(a).

Existing Term Note means a “Term Note” as defined in the Existing Credit Agreement. “Extension Notice” has the meaning specified in Section 2.14(a).

Existing Term Note means each promissory note issued under the Existing Credit Agreement in connection with the Existing Term Loans, as it may be amended, restated, supplemented or otherwise modified from time to time.

Existing Term Note has the meaning ascribed to it in Section 1.1(a)(i).

Existing Term Note. As defined in Recital B above.

Existing Term Note means a “Term Note” as defined in the Existing Credit Agreement. “Extension Date” has the meaning specified in Section 2.16. “Extension Fee” has the meaning specified in Section 2.08(d). “Facility” means the Revolving Credit Facility, the Term Loan Facility or the Letter of Credit Facility. “Facility Exposure” means, at any date of determination, the sum of (a) the aggregate principal amount of all outstanding Advances, plus (b) the amount of the Letter of Credit Exposure, plus (c) all Obligations of the Loan Parties in respect of Guaranteed Hedge Agreements, valued at the Agreement Value thereof.

Existing Term Note has the meaning set out in Section 1.1(2)(a).