Facility 2 Note definition

Facility 2 Note means that certain Revolving Note in the maximum principal amount of $25,000,000.00 evidencing the Revolving Loans made and the Letters of Credit (up to a maximum amount outstanding of $10,000,000.00) issued under Facility 2.
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Facility 2 Note shall have the meaning given such term in Section 2.5.
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Facility 2 Note has the meaning set forth in Recital B above.
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Examples of Facility 2 Note in a sentence

  • All advances under Facility 2 shall bear interest at the interest rate set forth in the Facility 2 Note.

  • Loans under Facility 2 shall be evidenced by the Facility 2 Note.

  • The Facility 2 Note and each Facility 2 Term Note shall bear interest and shall be repaid by the White Mountain Borrowers in the manner and at the times set forth in the Facility 2 Note and each Facility 2 Term Note, as the case may be.

  • The Borrower shall repay Facility 2 pursuant to the terms of the Facility 2 Note.

  • Each Borrower's joint and several obligation to pay the principal of and interest on the Facility 2 Loans made by each Facility 2 Lender shall be evidenced by a promissory note (each a "Facility 2 Note and collectively the "Facility 2 Notes") substantially in the form of Exhibit A-2, with blanks appropriately completed in conformity therewith and payable to the order of such Facility 2 Lender.

  • Borrower shall repay Facility 2 pursuant to the terms of the Facility 2 Note.

  • Facility 1 and all Advances thereunder shall be evidenced by the Borrower's receipts and the Facility 1 Note, and Facility 2 and all Advances thereunder shall be evidenced by the Borrower's receipts and the Facility 2 Note.

  • The joint and several obligation of the White Mountain Borrowers to repay the advances under the Facility 2 Loan shall be evidenced by the White Mountain Borrowers' Facility 2 Note dated as of January 2, 1998 (the "Facility 2 Note") payable to the Lender in the form attached hereto as EXHIBIT A-2.

  • This Note is the "Facility 2 Note" described in a Financing and Security Agreement of even date herewith by and among the Borrowers, Conceptronic, Inc.

  • The White Mountain Borrowers agree that the outstanding principal amount under the Facility 2 Note shall be converted into fully amortizing term loans on the earlier of (i) the date on which the outstanding balance thereof exceeds Two Million and No/100 Dollars ($2,000,000.00), or (ii) the date which is six (6) months from the date of the execution and delivery of the Facility 2 Note or the immediately preceding Conversion Date.


More Definitions of Facility 2 Note

Facility 2 Note means the Facility 2 Term Note, in substantially the form of Exhibit B hereto, duly executed by Borrower to Bank to evidence the Facility 2 Loan, including any amendment, modification, renewal, extension or replacement thereof.
Sample 1
Facility 2 Note is defined in Section 2.7 of this Loan Agreement.
Sample 1
Facility 2 Note means the $10,000,000.00 Master Revolving Promissory Note (Facility 2) executed by Borrower and delivered to Lender to evidence advances made and repayable under Facility 2 in substantially the form of Exhibit A-2 hereto.
Sample 1
Facility 2 Note means, with respect to any Revolving Lender or Facility 2 Term Loan Lender requesting the same, the promissory note of the Borrower in favor of such Revolving Lender or Facility 2 Term Loan Lender evidencing the Revolving Loans or Facility 2 Term Loans made by such Lender pursuant to Sections 2.1(b) and 2.1(c), in substantially the form of Exhibit A-2, together with any amendments, modifications and supplements thereto, substitutions therefor and restatements thereof.
Sample 1
Facility 2 Note means that certain Second Replacement Credit Note in the original principal amount of Ten Million Dollars ($10,000,000) executed and delivered by Borrower to The Huntington National Bank of even date herewith, as the same may be renewed, extended, supplemented, replaced, modified or amended from time to time.
Sample 1
Facility 2 Note means that certain promissory note described in Recital C above made by Borrower to the order of Bank in the Facility 2 Loan Amount, as amended, renewed, restated, or replaced from time to time.
Sample 1

Related to Facility 2 Note

  • Tranche B Note means a promissory note of the Borrower payable to any Tranche B Lender and its registered assigns, delivered pursuant to a request made under Section 2.16 in substantially the form of Exhibit A-3 hereto, evidencing the aggregate indebtedness of the Borrower to such Lender resulting from the Tranche B Loans made by such Lender to the Borrower.

  • Term B Note means a promissory note made by the Borrower in favor of a Term B Lender, or its registered assigns, evidencing Term B Loans made by such Term B Lender, substantially in the form of Exhibit C-1.

  • Facility B Loan means a loan made or to be made under Facility B or the principal amount outstanding for the time being of that loan.

  • Term Loan A Note means a promissory note in the form of Exhibit 2.5-3, as it may be amended, supplemented or otherwise modified from time to time.

  • Term Loan Facility means the Term Loan Commitments and the provisions herein related to the Term Loans.

  • Tranche A Note means a promissory note evidencing Tranche A Loans, substantially in the form of Exhibit B hereto.

  • Facility A Loan means a loan made or to be made under Facility A or the principal amount outstanding for the time being of that loan.

  • New Term Loan Facility means the facility providing for the Borrowing of New Term Loans.

  • Tranche C Loan has the meaning specified in Section 2.01(c).

  • Tranche B Notes means the promissory notes, if any, of the Borrower in favor of each Tranche B Lender provided pursuant to Section 2.4(f) or Section 2.5(f) and evidencing the Tranche B Loans of such Tranche B Lender, individually or collectively, as appropriate, as such promissory notes may be amended, modified, restated, supplemented, extended, renewed or replaced from time to time.

  • Delayed Draw Term Loan Commitment means the commitment of a Lender to make or otherwise fund a Delayed Draw Term Loan and “Delayed Draw Term Loan Commitments” means such commitments of all Lenders in the aggregate. The amount of each Lender’s Delayed Draw Term Loan Commitment, if any, is set forth on Schedule 2.01 or in the applicable Assignment and Assumption, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Delayed Draw Term Loan Commitments as of the Closing Date is $165,000,000.

  • Delayed Draw Loan A Loan that requires one or more future advances to be made by the Borrower and which does not permit the re-borrowing of any amount previously repaid by the related Obligor; provided that, such Loan shall only be considered a Delayed Draw Loan for so long as any future funding obligations remain in effect and only with respect to any portion which constitutes a future funding obligation.

  • Tranche B Term Note shall have the meaning provided in Section 1.05(a).

  • Total Unutilized Revolving Loan Commitment means, at any time, an amount equal to the remainder of (x) the Total Revolving Loan Commitment in effect at such time less (y) the sum of (i) the aggregate principal amount of all Revolving Loans and Swingline Loans outstanding at such time plus (ii) the aggregate amount of all Letter of Credit Outstandings at such time.

  • Delayed Draw Term Loan Lender means a Lender with a Delayed Draw Term Loan Commitment or an outstanding Delayed Draw Term Loan.

  • Term Loan Note means a promissory note in the form of Exhibit B, as it may be amended, supplemented or otherwise modified from time to time.

  • Delayed Draw Term Loan has the meaning specified in Section 2.01(b).

  • Tranche B Facility means the aggregate of the Tranche B Commitments.

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

  • Tranche A Term Note shall have the meaning provided in Section 1.05(a).

  • Tranche B Loan has the meaning specified in Section 2.01(b).

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • Shared-Loss Loan Commitment Advance means an advance pursuant to a Shared-Loss Loan Commitment with respect to which the Assuming Institution has not made a Permitted Advance.

  • Term Loan Extension Series has the meaning set forth in Section 2.16(a).

  • Facility B means the term loan facility made available under this Agreement as described in paragraph (b) of Clause 2.1 (The Facilities).

  • Tranche A Loan shall have the meaning set forth in Section 2.01(a).