First Lien Note definition

First Lien Note means the $20,000,000 12% Senior Secured Note dated August 18, 2006, issued by the Guarantor in favor of the First Lien Lender in accordance with the First Lien Note Purchase Agreement.

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First Lien Note. Holders shall have the meaning assigned to such term in the preliminary statement of this Agreement. First Lien Parent Guaranty shall have the meaning assigned to such term in the preliminary statement of this Agreement.

First Lien Note means a note with the principal terms and conditions provided under Exhibit F.

Examples of First Lien Note in a sentence

In the event of foreclosure or deed in lieu of foreclosure of a prior mortgage, mortgage deed, deed of trust, security deed, or assignment of the first mortgage, mortgage deed, deed of trust or security deed securing the First Lien Note to the Secretary of Housing and Urban Development, any provisions herein or any provisions in any other collateral agreement restricting the use of the Property or otherwise restricting the Borrower’s ability to sell the Property will have no further force or effect.
For the avoidance of doubt, if conditions (A), (B) and (C) above are not met, the Indebtedness under the First Lien Note Documents may not be Refinanced without the consent of the Second Lien Required Holders.
The First Lien Note Holders purchased notes of Company pursuant to the First Lien Purchase Agreement, upon, among other terms and conditions, the condition that the First Lien Obligations (such term and each other capitalized term used but not defined in these recitals having the meaning given it in Article I) shall be secured by first priority Liens on, and security interests in, the Collateral.
The First Lien Note Guarantees will be joint and several guarantees of payment and performance and not of collection.
The Issuer will be required to make an offer to repurchase the First Lien Notes at par in an amount equal to the First Lien Noteholders’ Pro Rata Share of 100% of the net cash proceeds from any non-ordinary course asset sales or dispositions by the Issuer or any First Lien Note Guarantor in accordance with the Opco First Lien Notes Documentation Principles to the extent any such proceeds are not otherwise applied in a manner consistent with the Opco First Lien Notes Documentation Principles.

More Definitions of First Lien Note

First Lien Note shall have the meaning ascribed to it in the Introduction hereto.

First Lien Note means a promissory note of the Borrower, in substantially the form of Exhibit R, payable to a Lender in any Facility in a principal amount equal to the principal amount of the Revolving Commitment or Term Loans, as applicable, of such Lender.

First Lien Note means a promissory note given by Seller to CPC in the original principal amount of $1,250,000 and secured by the First Lien Deed of Trust in favor of CPC, encumbering the San Antonio Land.

First Lien Note means that certain First Lien Senior Secured Promissory Note, dated as of the date hereof, among Equipmentco and the First Lien Secured Parties.

First Lien Note. Register” 2.03(a) “Fully Participating Holder” 9.02(h) “Global Note” 2.1(b) of Appendix A “Global Notes Legend” 2.2(e) of Appendix A “Guaranteed Obligations” 10.01(a) “IAI” 1.1(a) of Appendix A “IAI Global Note” 2.1(b) of Appendix A “ICA Legend” 2.2(e) of Appendix A “Legal Defeasance” 8.02(a) “Noteholder Direction” 6.01(b) “Notice” 13.13

First Lien Note means a first lien secured note issued pursuant to that certain Loan Agreement.

First Lien Note has the meaning set forth in the recitals to this Agreement.