Existing Term Notes definition
Examples of Existing Term Notes in a sentence
The Borrower's obligations under the Existing Term Notes shall continue in full force and effect in accordance with the terms thereof.
The Existing Term Notes shall continue to be secured by the security interest provided in the Security Agreement.
It is hereby understood and agreed that the Existing Term Notes shall be and are subject to the terms and conditions of this Agreement.
The Borrower is presently indebted to the Bank under a certain promissory note dated May 28, 1992 in the original principal sum of $2,000,000.00 (the "Existing Term Notes").
This First Amendment shall not affect and there remain outstanding from the Borrower to the Banks, the Existing Term Notes and the Related Bank Debt.